Business

KVIC Loans 1lakh+ under PMEGP

Ministry of MSME, through Khadi and Village Industries Commission (KVIC), is implementing, since 2008-09, Prime Minister’s Employment Generation Programme (PMEGP) for generating self-employment opportunities in the country by setting up micro-enterprises in the non-farm sector […]

Finance

Customs Forex Rates released

The Central Board of Indirect Taxes and Customs has determined the rate of exchange of conversion of each of the foreign currencies into Indian currency or vice versa with effect from 2nd December, 2022 for the purpose of the said section, relating to imported and export goods. […]

Finance

ECGC updates Country Risk Rating Model

In view of the current geopolitical circumstances and their impact on global trade, ECGC updated its Country Risk Rating Model with the objective of an improved assessment of the trade credit risk profile of various countries […]

Finance

New Exchange Rates

The Central Board of Indirect Taxes and Customs hereby determines the rate of exchange of conversion of each of the foreign currencies with effect from 4th November, 2022 for the purpose of the said section, relating to imported and export goods. […]

Finance

New Exchange Rates released

the Central Board of Indirect Taxes and Customs has determined the rate of exchange of conversion of each of the foreign currencies into Indian currency or vice versa, with effect from 21st October, 2022 for the purpose of the said section, relating to imported and export goods. […]

Finance

New Currency Exchange Notification released

The Central Board of Indirect Taxes and Customs hereby determines that the rate of exchange of conversion of each of the foreign currencies into Indian currency or vice versa, with effect from 16th September, 2022, for the purpose of the said section, relating to imported and export goods. […]

Business

Cabinet approves enhancement in the corpus of ECLGS

Cabinet approves enhancement in the corpus of Emergency Credit Line Guarantee Scheme for increasing the limit of admissible guarantees; Hospitality and related sectors to get a boost; Loans worth about Rs. 3.67 Lakh crore have been sanctioned under ECLGS […]

Finance

New Exchange Rates published

The Central Board of Indirect Taxes and Customs has determined the rate of exchange of conversion of each of the foreign currencies into Indian currency or vice versa, for the purpose of the said section, relating to imported and export goods. […]

Finance

New Exchange Rates released

The Central Board of Indirect Taxes and Customs hereby determines that the rate of exchange of conversion of each of the foreign currencies into Indian currency or vice versa with effect from 22nd July, 2022 for the purpose of the said section, relating to imported and export goods. […]

Finance

GoI announces auction for Sale (Issue / Re-issue) of different government securities

The government of India (GoI) has announced the Sale (Issue/re-issue) of (i) ‘New Government Security 2024’ for a notified amount of `4,000 crores (nominal) through yield-based auction using a uniform price method; (ii) ‘‘7.10% Government Security 2029’ for a notified amount of `7,000 crores (nominal) through price based auction using uniform price method; (iii) ‘6.54% Government Security, 2032’ for a notified amount of `13,000 crores (nominal) through price based auction using uniform price method; and (iv) ‘6.95% Government Security 2061’ for a notified amount of `9,000 crores (nominal) through price based auction using multiple price method. […]

Finance

Training program on Investment Treaty Arbitration

The Ministry of External Affairs, through the Arbitration Cell of the Ministry along with the Permanent Court of Arbitration, The Hague organized a three-day capacity-building workshop on Investment Treaty Arbitration from 13-15 June 2022 in a hybrid model.
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Finance

Nirmala Sitharaman dedicates to the nation ‘Dharohar’

Union Minister for Finance and Corporate Affairs Smt. Nirmala Sitharaman dedicated to the nation, “Dharohar” – the National Museum of Customs and GST in Goa today as part of the Azadi Ka Amrit Mahotsav Iconic week of the Ministry of Finance, being celebrated from June 6-12. […]

Finance

Exchange Rate Notification No. 49/2022 – Customs (N.T.)

In exercise of the powers conferred by section 14 of the Customs Act, 1962 (52 of 1962), and in supersession of the Notification No.43/2022-Customs(N.T.), dated 19th May 2022 except as respects things done or omitted to be done before such supersession, the Central Board of Indirect Taxes and Customs hereby determines that the rate of exchange of conversion of each of the foreign currencies specified in column (2) of each of Schedule I and Schedule II annexed hereto, into Indian currency or vice versa, shall, with effect from 3rd June 2022, be the rate mentioned against it in the corresponding entry in column (3) thereof, for the purpose of the said section, relating to imported and export goods. […]

Finance

First-ever Revision of premium rates of PMJJBY and PMSBY

In view of the long-standing adverse claims experience of the schemes, Pradhan Mantri Jeevan Jyoti Bima Yojana (PMJJBY) and Pradhan Mantri Suraksha Bima Yojana (PMSBY), and in order to make them economically viable, the premium rates of the schemes have been revised by making it Rs 1.25 per day premium for both schemes that includes revising PMJJBY from Rs. 330 to Rs. 436 and PMSBY from Rs. 12 to Rs. 20.

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Finance

DRI seizes Red Sanders worth Rs. 11.70 crore under “Operation Rakth Chandan”

In line with its commitment to preserving the natural heritage of the nation, the Directorate of Revenue Intelligence (DRI) has recovered 14.63 MT of Red Sanders, estimated at Rs 11.70 crore in the international market, from a consignment that was stuffed at ICD Sabarmati, and which was to be exported to Sharjah, UAE. […]

Finance

218 Kg Of Heroin Worth Rs 1,526 Crore Seized Off Lakshadweep Islands

An operation was launched by the Directorate of Revenue Intelligence (DRI) after it developed specific intelligence over a period of several months that two Indian boats would be sailing from the coast of Tamil Nadu and would receive narcotics in huge quantities somewhere in the Arabian sea, during the second/third week of May 2022.

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Finance

Tariff Notification No. 41/2022-Customs in respect of Fixation of Tariff Value

In exercise of the powers conferred by sub-section (2) of section 14 of the Customs Act, 1962 (52 of 1962), the Central Board of Indirect Taxes & Customs, being satisfied that it is necessary and expedient to do so, hereby makes the following amendments in the notification of the Government of India in the Ministry of Finance (Department of Revenue), No. 36/2001-Customs (N.T.), dated the 3rd August 2001, published in the Gazette of India, Extraordinary, Part-II, Section-3, Sub-section (ii), vide number S. O. 748 (E), dated the 3rd August 2001 […]

Finance

DRI seizes 11 kg gold worth excess Rs 5.88Crores

The Directorate of Revenue Intelligence (DRI) has successfully foiled attempts of organized gold smuggling through air routes by effecting two successive seizures in Lucknow and Mumbai last week, which had a common method of concealment of gold. […]