Find all news and information about Finance and
News from the Ministry of Finance
And news from Departments of
Department of Economic Affairs
Department of Expenditure
Department of Financial Services
Department of Investment and Public Asset Management
Department of Revenue
MOS Anurag thakur says that the Government announced several measures to promote growth, investment and create new employment opportunities through the amendments in the Income-tax Act, 1961 and the Finance Act […]
Implementation of Aatma Nirbhar Bharat Package pertaining to Ministries of Finance & Corporate Affairs -Progress So Far
[…]
Expert committee to assist the Government for assessment of relief to bank borrowers
[…]
Union Minister of Finance & Corporate Affairs Smt. Nirmala Sitharaman today inaugurated Doorstep Banking Services by PSBs and participated in the awards ceremony to felicitate best performing banks on EASE Banking Reforms Index. […]
A common reform agenda for PSBs, EASE Agenda is aimed at institutionalizing clean and smart banking. BOB tops EASE 2.0 results followed by SBI and then Oriental Bank […]
The Asian Development Bank (ADB) and the Government of India today signed a $500 million loan, the first tranche of a total $1 billion facility, to build a modern, high-speed 82-kilometer Delhi-Meerut Regional Rapid Transit System (RRTS) corridor that will improve regional connectivity and mobility in India’s national capital region (NCR). […]
Government of India, Government of Himachal Pradesh and World Bank sign $82 million loan for implementation of Himachal Pradesh State Roads Transformation Project
[…]
The Fifteenth Finance Commission hold discussions with its Economic Advisory Council
[…]
The Central Board of Indirect Taxes and Customs has determined the rate of exchange of conversion of each of the foreign currencies with effect from 4th September 2020 relating to imported and export goods. […]
Finance Minister holds meeting with lenders for expediting resolution of loan accounts and reviewing progress of Emergency Credit Line Guarantee Scheme (ECLGS), Partial Credit Guarantee Scheme (PCGS) 2.0 and Sub-ordinate Debt Scheme
[…]
CBDT provides ITR Filing Compliance Check Functionality for Scheduled Commercial Banks
[…]
All government depts to adopt innovative means to use digital or online methods; Calendars, diaries, schedulers and similar other materials, which were earlier printed in physical format, will now be done digitally […]
Japan’s commits Rs 3,500 crore (approx.) as Official Development Assistance for health sector to fight the COVID-19 crisis in India
[…]
GDP at Constant Prices in Q1 of 2020-21 is estimated at 26.90 lakh crore, as against 35.35 lakh crore in Q1 of 2019-20, showing a contraction of 23.9 percent as compared to 5.2 percent growth in Q1 2019-20 […]
Central Board of Indirect Taxes & Customs, has made amendments on the imports of edible oils and other commodities […]
Finance Minister to Review with Scheduled Commercial Banks and NBFCs, the implementation of the resolution framework for COVID-19 related stress in bank loans
[…]
Department of Economic Affairs (DEA) in collaboration with the United Nations Development Programme (UNDP) India launched the Sustainable Finance Collaborative Programme […]
CBIC has assured that no recoveries shall be made for the past period by the Central and State tax administration in accordance with the decision taken by GST Council […]
MCA maiden success in recovery of $3.25 million in Nirav Modi case from USA
[…]
Government of India and AIIB sign agreement for $500 million to improve the network capacity, service quality and safety of the suburban railway system in Mumbai
[…]
Under the 100% Emergency Credit Line Guarantee Scheme (ECLGS) backed by a Government of India guarantee, Banks from Public & Private Sectors have sanctioned loans worth over Rs. 1.5 lakh crore as of 18th August, 2020, of which more than Rs 1 lakh crore has already been disbursed. […]
Exchange Rates Notification No.80/2020-Customs (NT)
[…]
1.22 crore Kisan Credit Cards sanctioned with credit limit of Rs. 1,02,065 crore under the special saturation drive
[…]
Partial Credit Guarantee Scheme (PCGS) 2.0 extended with greater flexibility to respond to emerging demands
[…]
Prime Minister Narendra Modi launches platform for “Transparent Taxation – Honouring the Honest”; Tax system aims to be Seamless, Painless, Faceless; Says the number of taxpayers is significantly low with only 1.5 Crore paying taxes in a country of 130 Crore people; Prime Minister urges people to introspect and come forward to pay Income taxes due on them to build an AtmaNirbharBharat; With the launch of the Tax Charter, the taxpayer is assured of fair, courteous and rational behavior; Faceless appeal will be available across the country from 25th September i.e. Deen Dayal Upadhyay’s Birth Anniversary; “Banking the Unbanked, Securing the Unsecured, Funding the Unfunded and Honoring the Honest” – Focus of the Government; Emphasis is on making every law and policy People-Centric and Public Friendly rather than Power Centric. […]
Finance Minister launches an Online Dashboard for the National Infrastructure Pipeline
[…]
Shri Girish Chandra Murmu assumed office as the Comptroller and Auditor General of India here today. He belongs to Indian Administrative Service of Gujrat cadre (1985 batch). Shri Murmu succeeds Shri Rajiv Mehrishi, who demitted office on Friday. Prior to this, Shri Murmu was the first Lieutenant Governor of Union Territory of Jammu & Kashmir. […]
Union Minister of State for Finance & Corporate Affairs Shri Anurag Singh Thakur presided over a WebEx event on “In Bond Manufacture & Other Operations” in Customs here today. […]
Government of India has released Rs. 890.32 cr as the second installment of the COVID-19 Emergency Response and Health System Preparedness Package to 22 States/UTs. These include Chhattisgarh, Jharkhand, Madhya Pradesh, Odisha, Rajasthan, Telangana, Andhra Pradesh, Goa, Gujarat, Karnataka, Kerala, Punjab, Tamil Nadu, West Bengal, Dadra & Nagar Haveli and Daman & Diu, Arunachal Pradesh, Assam, Meghalaya, Manipur, Mizoram, Nagaland and Sikkim. The amount of the financial assistance is based on the COVID-19 case load in these States/UTs. […]
In exercise of the powers conferred by section 14 of the Customs Act, 1962 (52 of 1962), and in supersession of the Notification No.59/2020-Customs(N.T.), dated 16th July, 2020 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 7th August, 2020, 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.
In terms of Government of India Notification No.4(4)-B/(W&M)/2020 dated April 13, 2020, Sovereign Gold Bonds 2020-21 (Series V) will be opened for the period August 03-07, 2020 with Settlement date August 11, 2020. The issue price of the Bond during the subscription period shall be `5,334 (Rupees Five thousand Three hundred thirty four only) – per gram, as also published by RBI in their Press Release dated July 31, 2020. […]
The Government of India has received Rs.1,53,581 crore (6.84% of corresponding BE 2020-21 of Total Receipts) upto Jun, 2020 comprising Rs. 1,34,822 crore Tax Revenue (Net to Centre), Rs. 15,186 crore of Non Tax Revenue and Rs.3,573 crore of Non Debt Capital Receipts. […]
The Union Minister of Finance and Corporate Affairs Smt. Nirmala Sitharaman today said that the government is working with RBI on the Industry’s need for the restructuring of loans due to the COVID-19 impact. […]
The High Level Group (HLEG) on Agricultural Exports set up by the Fifteenth Finance Commission to recommend measurable performance incentives for States to encourage agricultural exports and to promote crops to enable high import substitution, has submitted its report to the Commission today. […]
Prime Minister Shri Narendra Modi today joined stakeholders from Banks and NBFCs to discuss and deliberate on vision and roadmap for the future. […]
PM Modi will join stakeholders from Banks and NBFCs to discuss and deliberate on vision and roadmap for the future tomorrow evening. […]
Union Minister of Finance & Corporate Affairs Smt. Nirmala Sitharaman attended the 5th Annual Meeting of the Board of Governors of Asian Infrastructure Investment Bank (AIIB) through video conference in New Delhi today. […]
The Government of India (GoI) has announced the Sale (Issue/Re-issue) of (i) ‘5.09 percent Government Stock, 2022’ for a notified amount of Rs 3,000 crore (nominal) through price based auction, (ii) ‘New 10 Year Government Stock, 2030’ for a notified amount of Rs 18,000 crore (nominal) through yield based auction, (iii) ‘GoI Floating Rate Bonds, 2033’ for a notified amount of Rs 4,000 crore (nominal) through price based auction, and (iv) ‘7.19 percent Government Stock, 2060’ for a notified amount of Rs 5,000 crore (nominal) through price based auction. […]
A case was booked against M/s. Fortune Graphics Limited, M/s. Reema Polychem Pvt. Ltd. & M/s. Ganpati Enterprises, who were found involved in the issuance of invoices without any actual supply of goods. […]
Government employees retiring during the COVID pandemic will be receiving a “provisional” pension till their regular Pension Payment Order (PPO) is issued and other official formalities completed. […]
Central Government has recently released the GST Compensation of Rs. 13,806 crore to States for March’2020. Taking this amount into account, entire compensation up to 2019-20 has been released to States. […]
In a major relief for Tata Education and Development Trust, the Income Tax Appellate Tribunal (ITAT) bench consisting of Justices PP Bhatt, President, ITAT , on 24th July ruled in favour of the trust in their appeal against commissioner income tax (CIT) appeal order wherein a demand of more than Rs.220 crore was levied by the tax department . […]
In order to strengthen its network and postal operations in rural areas and provide facility of small savings scheme to the vast majority in villages, the Department of Posts has now extended all small savings schemes upto the Branch Post Office level. […]
The Special Liquidity Scheme of Rs. 30,000 crore for NBFCs and HFCs is being implemented w.e.f. 1st July, 2020 as a follow up of one of the announcements under Aatma Nirbhar Bharat package made by the Union Minister for Finance & Corporate Affairs Smt. Nirmala Sitharaman on 13th May, 2020. […]
The Central Board of Direct Taxes (CBDT) and all its field offices across India today observed the 160th anniversary of Income Tax Day. […]
Union Minister for Finance & Corporate Affairs, Smt. Nirmala Sitharaman, today reviewed the performance of Special Window for Affordable and Mid Income Housing (SWAMIH)with Secretaries of Ministries of Finance and senior management team of the State Bank of India, SBI Capital Markets Limited and SBICAPS Ventures Limited (SVL). […]
Acting on specific intelligence the Directorate General of Goods and Service Tax Intelligence, Headquarters (DGGI, Hqrs) has unveiled a racket of clandestine clearance of cigarettes through a factory run in Kota. […]
The provisional payroll data published by EPFO on 20th July 2020 reveals that net new enrolments have started to make headway for most industry classifications in May 2020. […]
A Memorandum of Understanding (MoU) was signed between the Central Board of Direct Taxes (CBDT) and the Central Board of Indirect Taxes and Customs (CBIC) today, for data exchange between the two organisations. […]
The Government of India (GoI) has announced the Sale (Re-issue) of (i) ‘5.22% Government Stock, 2025’ for a notified amount of Rs 12,000 crore (nominal) through price based auction, (ii) ‘6.19 percent Government Stock, 2034’ for a notified amount of Rs 11,000 crore (nominal) through price based auction, and (iii) ‘7.16 per cent Government Stock, 2050’ for a notified amount of Rs 7,000 crore (nominal) through price based auction. […]
Copyright © 2020 | IndiaTIES. All rights reserved