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Total Revenue Deficit Grant released to States so far in the current financial year gone up to Rs. 14,366.84 crore; States will get a total Revenue Deficit Grant of Rs. 86,201 crore in 2022-23 […]
In exercise of the powers conferred by section 14 of the Customs Act, 1962 (52 of 1962), and in supersession of the Notification No.34/2022-Customs(N.T.), dated 21st April 2022 […]
Gross GST collection in April 2022 is all-time high, Rs 25,000 crore more than the next highest collection of Rs. 1,42,095 crore, just last month […]
In exercise of the powers conferred by section 14 of the Customs Act, 1962 (52 of 1962), the Central Board of Indirect Taxes and Customs hereby makes the following amendments in the Central Board of Indirect Taxes and Customs Notification No.34/2022-CUSTOMS (N.T.), dated 21st April 2022 with effect from 29th April 2022.
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Union Minister for Finance & Corporate Affairs Smt. Nirmala Sitharaman attended the FATF Ministerial Meeting in Washington D.C. on 21st April 2022, conducted alongside the 2022 Spring Meetings of the World Bank Group and the International Monetary Fund (IMF). […]
Revenue Deficit Grant of Rs. 7183.42 crore was released to 14 States; States get a total Revenue Deficit Grant of Rs. 86,201 crore in 2022-23 […]
The incentive of Rs 1,22,551 crore is available to States in 2022-23 for reforms in the power sector; the Department of Expenditure, Ministry of Finance, has granted additional borrowing permission of Rs. 28,204 crore to 10 States for undertaking the stipulated reforms in the power sector in 2021-22. […]
“As more and more beneficiaries from underserved segments of entrepreneurs are targeted for coverage, we would make significant strides towards building an Atmanirbhar Bharat”: Finance Minister […]
Income Tax Department conducts searches in Delhi-NCR on Automobile Manufacturing Group, Company Operating Chartered Flights, and Real Estate Groups […]
Since Apr-June (Q1) 2010-11, Public Debt Management Cell (PDMC) (earlier Middle Office), Budget Division, Department of Economic Affairs, Ministry of Finance has been bringing out a quarterly report on debt management on a regular basis. The current report pertains to the quarter October – December 2021 (Q3 FY22). […]
The Income Tax Department carried out a search and seizure operation on 14.03.2022 on a popular chain of educational institutes, running several schools and colleges at multiple locations in India and abroad. […]
The Government of India, the Government of West Bengal, and the World Bank signed a $125 million IBRD loan to support efforts to help poor and vulnerable groups access social protection services in the state of West Bengal. […]
After disrupting the asset-backed lending space with its flagship, industry first doorstep gold
loan offering, Rupeek is well-poised to further revolutionise the category with its first-ever Goldpowered card for the masses; Aimed at harnessing the power of India $2 trillion worth of Gold assets, Rupeek introduces its
second offering under the tech-led gold monetisation (GoMon) product portfolio […]
Union Minister for Finance & Corporate Affairs Smt. Nirmala Sitharaman interacted with the leaders of the financial & capital markets in Mumbai today. She asked the industry leaders to explore ways to further strengthen the sector. […]
India’s budget for 2022-23 released by Honourable Finance Minister Smt. Nirmala Sitharaman. India’s economic growth in the current year is estimated to be 9.2 per cent, highest among all large economies. The overall, sharp rebound and recovery of the economy from the adverse effects of the pandemic is reflective of our country’s strong resilience: Nirmala Sitharaman […]
The Government has appointed Dr V. Anantha Nageswaran as the Chief Economic Advisor and today, he has assumed charge. […]
The Competition Commission of India (CCI) approves acquisition of shares of Future Generali India Life Insurance Company Limited (FGLIC) by Generali Participations Netherlands N.V (GPN), pursuant to which GPN’s shareholding in FGLIC will stand increased from 49% to upto approx. 71%. […]
The Central Board of Indirect Taxes and Customs has determined the rate of exchange of conversion of each of the foreign currencies for the purpose of the said section, relating to imported and export goods. […]
The Central Board of Indirect Taxes and Customs hereby determines that the rate of exchange of conversion of each of the foreign currencies with effect from 7th January, 2022 for the purpose of the said section, relating to imported and export goods. […]
Shri Piyush Goyal calls for a Single window portal for doing robust common KYC system for Stock Brokers, Mutual Fund and depositories etc; Shri Piyush Goyal calls for transparency and integrity in the stock markets to empower households and investment besides encourage investments. […]
REC Limited has entered into an agreement with KfW Development Bank for availing ODA term loan of USD 169.5 million under Indo-German Bilateral Partnership in accordance with the approval granted by Department of Economic Affairs, Ministry of Finance, Govt. of India. […]
The Government of India and the Asian Development Bank (ADB) on 17th December 2021 signed agreements to the tune of US$ 612M to fund various projects in India. […]
Prime Minister Shri Narendra Modi hosted a roundtable interaction with representatives of Venture Capital and Private Equity Funds at Lok Kalyan Marg today. […]
Cabinet approves an incentive scheme for promotion of RuPay Debit Cards and low-value BHIM-UPI transactions (P2M); Financial outlay for one year is Rs.1,300 crore; With this Digital Modes of Payment will become accessible to unbanked and marginalised populations outside the formal banking and financial system […]
During the last seven financial years, Foreign Direct Investment (FDI) inflows worth US$ 440.26 billion have been reported in India. FDI inflow in India stood at US$ 45.15 billion in 2014-2015 and has increased to 81.97 in 2020-21 […]
INDIA’S FOREIGN TRADE for November 2021 – Overall exports rise by 22.8%, imports up by 48.54% over last November; Overall exports in first 8 months of current FY (April-November 2021) jumped by 37.21%, imports shot up by 61.02% over the same period last year […]
PM addresses depositors in a bank deposit insurance programme in Delhi
“In the last few days, more than one lakh depositors have got their money back that was stuck for years. This amount is more than Rs 1300 crore”.
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The Government of India and the Asian Development Bank (ADB) today signed a $125 million loan to improve access to safe and affordable drinking water supply and citywide inclusive sanitation services in Dehradun and Nainital cities in the state of Uttarakhand. […]
The Government of India and Asian Development Bank (ADB) today signed a $150 million loan to provide access to inclusive, resilient, and sustainable housing for the urban poor in the state of Tamil Nadu. […]
The Central Board of Indirect Taxes and Customs hereby has determined the rate of exchange of conversion of the foreign currencies for the purpose of the said section, relating to imported and export goods. […]
The gross GST revenue collected in the month of November 2021 is ₹ 1,31,526 crore of which CGST is ₹ 23,978 crore, SGST is ₹ 31,127 crore, IGST is ₹ 66,815 crore (including ₹ 32,165 crore collected on import of goods) and Cess is ₹ 9,606 crore (including ₹ 653 crore collected on import of goods). […]
The Government of India and the Asian Development Bank (ADB) yesterday signed a $300 million loan to strengthen and improve access to comprehensive primary health care in urban areas of 13 states that will benefit over 256 million urban dwellers including 51 million from slum areas. […]
India & World Bank sign loan agreement to improve quality of learning for over 50 lakh students across Andhra Pradesh […]
Union Finance Minister Smt. Nirmala Sitharaman discusses growth and development on her maiden visit to GIFT-IFSC at GIFT City, Gandhinagar; Finance Minister also announces clearance to 3 key projects worth more than Rs 500 crore for IFSCA […]
The Central Board of Indirect Taxes and Customs hereby determines that the rate of exchange of conversion of each of the foreign currencies for the purpose of the said section, relating to imported and export goods. […]
PM addresses the conference on ‘Creating Synergies for Seamless Credit Flow and Economic Growth’ […]
INDIA, ADB SIGN $61 MILLION LOAN TO IMPROVE URBAN SERVICES IN AGARTALA CITY […]
Finance Minister Smt. Nirmala Sitharaman interacts with Chief Ministers/ State Finance Ministers and Lt Governors of UTs to step up investment, infrastructure and growth […]
The Central Board of Indirect Taxes and Customs hereby determines that the rate of exchange of conversion of foreign currencies for the purpose of the said section, relating to imported and export goods. […]
India, ADB sign $251 million loan for integrated urban flood management in Chennai […]
he Government of India and the Asian Development Bank today signed a $4.5 million project readiness financing (PRF) loan to support project preparation and design activities to improve urban mobility in Aizawl, the capital city of the northeastern state of Mizoram. […]
Finance Minister Smt. Nirmala Sitharaman attends Plenary Meeting of the International Monetary and Financial Committee (IMFC) of the IMF in Washington D.C. […]
Union Minister for Finance & Corporate Affairs Smt. Nirmala Sitharaman participated in the 4th G20 Finance Ministers and Central Bank Governors (FMCBG) Meeting under the Italian Presidency […]
International Financial Services Centres Authority (IFSCA) and GIFT City launched I-Sprint’21, the global FinTech Hackathon Series of IFSCA on 7th October 2021 at 11.30 AM IST. The first Sprint of the series “Sprint01: BankTech” is focussed on FinTechs for the Banking sector. […]
In order to keep the avenues of assistance to stressed MSME Units open, the Government had earlier decided to extend this Credit Guarantee Scheme for Subordinate Debt scheme for six months from 31.03.2021 to 30.09.2021. […]
ECGC assures exporters to provide cost-effective credit insurance cover; Rs. 4,400 crore capital infusion will help expand our services: CMD Senthilnathan […]
India poised to become one of the largest digital markets in the world, says Commerce Minister; At 87%, India has the highest FinTech adoption rate in the world against the global average of 64% […]
Government approves Rs. 4,400 crore investment in ECGC Ltd. in 5 years to provide support to exporters as well as banks; Capital Infusion and planned IPO to increase ECGC’s underwriting capacity up to ₹88,000 crore and propel additional exports of Rs. 5.28 lakh crore over a five-year period […]
The Asian Development Bank (ADB) and the Government of India today signed a $300 million loan as additional financing to scale up improvement of rural connectivity to help boost rural economy in the state of Maharashtra. […]
India Post Payments Bank (IPPB) under Department of Posts, Ministry of Communications and LIC Housing Finance Ltd (LICHFL), the country’s premier housing finance player, today announced a strategic partnership for providing home loan products to over 4.5 crore customers of IPPB. […]
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