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CBDT extends due dates for electronic filing of various Forms under the Income-tax Act, 1961 […]
Union Minister for Finance & Corporate Affairs Smt. Nirmala Sitharaman virtually chaired the second meeting of BRICS Finance Ministers and Central Bank Governors (FMCBG) along with Governor Reserve Bank of India, Shri Shaktikanta Das under Indian BRICS Chairship here today. This meeting is scheduled ahead of the BRICS Leaders’ Summit 2021 to discuss and finalise key outcomes of BRICS finance agenda this year. Finance Ministers and Central Bank Governors of Brazil, Russia, China and South Africa were in attendance. […]
Finance Minister Nirmala Sitharaman unveils 4th edition of Public Sector Bank Reforms Agenda – EASE 4.0 in Mumbai; Announces EASE 3.0 award winners […]
The Union Cabinet, chaired by the Prime Minister, Shri Narendra Modi, has approved the signing Memorandum of Understanding between Institute of Chartered Accountants of India (ICAI) and Institute of Professional Accountants of Russia (IPAR). […]
IFSCA has invited application from eligible entities, which are desirous of setting up and operating the International Trade Financing Services Platformat GIFT International Financial Services Centre (IFSC) for providing Trade Financing Services. […]
The Government of India and the Asian Development Bank (ADB) today signed a $500 million loan to expand the metro rail network in Bengaluru with construction of two new metro lines totaling 56 km in length. […]
Finance Minister launches the National Monetisation Pipeline;
Asset Monetisation programme has taken shape because of the vision of Prime Minister: Finance Minister;
NMP estimates aggregate monetisation potential of Rs 6.0 lakh crores through core assets of Central Government […]
Shri Narendra Modi on August 2nd launched the digital payment solution e-RUPI, a cashless and contactless instrument for digital payment. Prime Minister said that the eRUPI voucher is going to play a huge role in making Direct Benefit Transfer (DBT) more effective in digital transactions in the country […]
Direct tax collection for the first quarter of the current fiscal has doubled. This was stated by Union Minister of State for Finance Shri Pankaj Chaudhary in a written reply to a question in Rajya Sabha today. […]
Reserve Bank of India (RBI), the total amount of unclaimed deposits of Scheduled Commercial Banks (SCBs) was Rs. 24,356 crore, as of 31.12.2020. […]
The Government has approved the Production Linked Incentive Scheme for Pharmaceuticals on 24.02.2021 which was notified in the Gazette on 03.03.2021. The Operational Guidelines containing the details of the scheme on each aspect and the process of making applications were issued on 01.06.2021. […]
The Insolvency and Bankruptcy Board of India (IBBI) notified the Insolvency and Bankruptcy Board of India (Insolvency Resolution Process for Corporate Persons) (Second Amendment) Regulations, 2016 on 14th July 2021. […]
The Cabinet Committee has approved increase the Dearness Allowance to Central Government employees and Dearness Relief to pensioners from 17% to 28% representing an increase of 11% […]
Finance Minister Smt Nirmala Sitharaman and Finance Minister of Bhutan Mr Lyonpo Namgay Tshering jointly launch BHIM–UPI in Bhutan […]
IFSCA has issued a framework for Setting up and operating International Trade Finance Services Platform (‘ITFS’) for providing Trade Finance Services at International Financial Services Centres (‘IFSCs’). The framework will enable Exporters and Importers to avail various types of trade finance facilities at competitive terms […]
India and the United Kingdom (UK) held the inaugural meeting of the India-UK Financial Markets Dialogue (‘the Dialogue’) virtually late evening yesterday. The Dialogue was established at the 10th Economic and Financial Dialogue (EFD) in October 2020 to deepen bilateral ties in the financial sector. […]
The Union Cabinet has approved the Memorandum of Understanding (MoU) between Institute of Cost Accountants of India (ICoAl) and the Association of Chartered Certified Accountants (ACCA), United Kingdom (UK), will provide mutual advanced entry to the Members of both the Institutes through exemptions […]
In view of the difficulties reported by taxpayers in electronic filing of Income Tax Forms 15CA/15CB on the portal www.incometax.gov.in has been decided to extend the aforesaid date to 15th July, 2021 […]
Majority of the members OECD/G20 Inclusive Framework on Base Erosion and Profit Shifting(including India) adopted yesterday a high-level statement containing an outline of a consensus solution to address the tax challenges arising from the digitalisation of the economy. […]
The Central Board of Indirect Taxes and Customs hereby determined that he rate of exchange of conversion into Indian currency for the purpose of imported and export goods w.e.f. 2nd July 2021 […]
Cabinet approves Loan Guarantee Scheme for Covid Affected Sectors (LGSCAS) and to enhance the corpus of Emergency Credit Line Guarantee Scheme (ECLGS) […]
Union Finance & Corporate Affairs Minister Smt. Nirmala Sitharaman here today announced a slew of measures worth 6.28 lakh crores to provide relief to diverse sectors affected by the 2nd wave of COVID-19 pandemic […]
Government of India signs $32 million loan with World Bank for improving healthcare services in Mizoram […]
India attracted US$ 6.24 billion total FDI inflow during April, 2021; FDI Inflows are an endorsement of India’s status as a preferred investment destination amongst global investors […]
The Central Board of Indirect Taxes and Customs has determined that the rate of exchange with effect from 18th June, 2021for the purpose of imported and export goods. […]
ADB, India sign $484 million loan to upgrade road network in Tamil Nadu Chennai–Kanyakumari Industrial Corridor (CKIC) which is part of India’s East Coast Economic Corridor (ECEC) […]
India’s overall exports in April-May2021 is estimated to be USD 98.29B and Overall imports in April-May2021 is estimated to be USD 104.14B hence showing a deficit of USD 5.85B […]
Due to difficulties in the incometax filing on the new portal the incometax authorities have Relaxed the electronic filing of Income Tax Forms 15CA/15CB […]
The gross GST revenue collected in the month of May 2021 is₹1,02,709 crore of which CGST is ₹17,592 crore, SGST is ₹22,653, IGST is ₹53,199 crore […]
RBI Monetary Policy Committee keeps Repo rate unchanged at 4%; Economy projected to grow at 9.5% in 2021-22; Rs. 15,000 crore liquidity support to contact-intensive sectors like hotels, tourism, etc. […]
The Central Board of Indirect Taxes and Customs has determined that the rate of exchange of conversion of each of the foreign currencies to be in force w.e.f 4th June relating to imported and export goods. […]
The Asian Development Bank and the Government of India today signed a $2.5 million project readiness financing (PRF) loan to support project preparation and design activities to upgrade major district roads in Sikkim […]
Emergency Credit Line Guarantee Scheme (ECLGS) expanded – ECLGS 4.0 for onsite oxygen generation, wider coverage of ECLGS 3.0 and increase in tenorfor ECLGS 1.0 […]
IFSCA has constituted an Expert Committee on Investment Funds to recommend to IFSCA on the road map for the funds industry in the IFSCs; Mr. Nilesh Shah, MD, Kotak Mahindra Asset Management Co. Ltd made chairman of it […]
India attracted highest ever total FDI inflow of US$ 81.72 billion during 2020-21, 10% more than the last financial year […]
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 w.e.f. 21 May 2021 […]
Existing FCRA Account Holders given more time till 30.06.2021 to open “FCRA Account” in designated New Delhi Branch of State Bank of India […]
Government of India and European Investment Bank sign finance contract for second tranche of Euro 150 million for Pune Metro Rail project […]
The Central Board of Indirect Taxes and Customs has announced the new rate of exchange of conversion of each of the foreign currencies into Indian currency or vice versa with effect from 7 May 2021 relating to imported and export goods […]
The RBI Governor Shri Shaktikanta Das today announced a series of measures to support the nation’s fight against the second wave of COVID-19 infections. […]
Finance Minister Smt. Nirmala Sitharaman participates in Governor’s Seminar as part of Asian Development Bank’s annual meeting 2021 […]
Ad hoc Exemption from IGST on imports of specified COVID-19 relief material donated from abroad […]
Government announces various relief measures for taxpayers under GST law in view of severe COVID-19 pandemic […]
The Central Board of Indirect Taxes and Customs has announced the new rate of exchange of conversion of each of the foreign currencies into Indian currency or vice versa with effect from 16th April, 2021 relating to imported and export goods. […]
India’s overall exports in the financial year 2020-21 are estimated to be USD 493.19Billion, Overall imports are estimated to be USD 505.94Billion, thus showing a trade deficit of USD 12.74 Billion […]
Finance Minister Smt. Nirmala Sitharaman participated in 103rd meeting Development Committee Meeting of World Bank-IMF which included World Bank Group (WBG) and International Monetary Fund Support for Debt Relief Under the Common Framework and Beyond […]
The Central Board of Indirect Taxes and Customs has announced the new rate of exchange of conversion of each of the foreign currencies into Indian currency or vice versa with effect from 2nd April, 2021 relating to imported and export goods. […]
The Credit Guarantee Scheme for Subordinate Debt (CGSSD) for Stressed MSMEs under the AtmaNirbhar Bharat Package has been extended upto 30.09.2021 […]
Mar 18: The Central Board of Indirect Taxes and Customs has determined the rate of exchange of conversion of each of the foreign currencies to Indian Rupee with effect from 19th March, 2021 for the purpose of the said section, relating to imported and export goods. […]
India’s overall exports in April-February2020-21 are estimated to be USD 439.64Billion, Overall imports are estimated to be USD 447.44Billion, thus showing a trade deficit of USD 7.8 Billion […]
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