GST Council recommends certain amendments in CGST Act 2017 and IGST Act 2017, including amendment in Schedule III of CGST Act, 2017, to provide clarity on taxation of supplies in casinos, horse racing and online gaming […]
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. […]
IREDA signs MoU with MAHAPREIT to provide loans for Green Energy projects; IREDA to provide Techno-Financial consultancy to MAHAPREIT for RE projects […]
In terms of Government of India Notification No.4(6)-B(W&M)/2022 dated June 15, 2022, Sovereign Gold Bonds 2022-23 (Series I) will be opened for subscription during the period June 20-24, 2022 with Settlement date June 28, 2022. […]
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. […]
Moving beyond text-based literature, awareness seminars, and workshops, the Central Board of Direct Taxes (CBDT) has adopted a novel approach to spread tax literacy through ‘learn by play’ methods. […]
Finance Minister Nirmala Sitharaman releases a series of innovative communication and outreach products for CBDT; DFS renews its vow to serve the people through the release of a music video “The Pledge” […]
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. […]
Total Revenue Deficit Grant released to States so far in the current financial year has gone up to Rs. 21,550.25 crore; States will get a total Revenue Deficit Grant of Rs. 86,201 crore in 2022-23 […]
Union Minister for Finance & Corporate Affairs Smt. Nirmala Sitharaman participated via virtual mode in the second BRICS Finance Ministers and Central Bank Governors (FMCBG) meeting under the BRICS China chairmanship, here today. […]
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. […]
GST collection crosses ₹1.40 lakh crore mark 4th time since the inception of GST; 3rd month at a stretch since March 2022
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The Accounts of the Union Government of India (Provisional/Unaudited) for the Financial Year 2021-22 have been consolidated and reports published. […]
Tariff Notification No. 46/2022-Customs (N.T.) in respect of Fixation of Tariff Value for Edible Oils, Brass Scrap, Areca Nut, Gold and Silver
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Finance Secretary releases ‘Thank You’ (Shukriya) song celebrating the unsung heroes of the financial system in the battle against the COVID-19 Pandemic
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The project aims at container tracking and monitoring timely clearances to ensure Ease of Doing Business
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Continuing its streak of significant seizures, the Directorate of Revenue Intelligence (DRI) has recovered 52 kg of cocaine, estimated to be valued at over Rs 500 crore in the international illicit market, from an import consignment.
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.
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 […]
Continuing its crackdown on the trafficking in narcotic drugs, the Directorate of Revenue Intelligence (DRI) has unearthed yet another novel modus operandi and affected the seizure of 62 kg of Heroin on 10.05.2022 after interdicting an air cargo consignment. […]
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. […]
Union Finance Minister Smt. Nirmala Sitharaman said low-cost insurance schemes and the guaranteed pension scheme are ensuring that Jan Suraksha now covers the last person of the society […]
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 […]
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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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 […]
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). […]
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 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. […]
After persuasion of HMoST, the GST Council’s 46th meeting was held today under the chairpersonship of the Union Finance & Corporate Affairs Minister Smt. Nirmala Sitharaman. The GST Council has recommended deferring the earlier decision to change the rates in textiles recommended in the 45th GST Council meeting […]
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. […]
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 […]
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. […]
India & World Bank sign loan agreement to improve quality of learning for over 50 lakh students across Andhra Pradesh […]
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. […]
INDIA, ADB SIGN $61 MILLION LOAN TO IMPROVE URBAN SERVICES IN AGARTALA CITY […]
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. […]
Cabinet approves release of an additional instalment of Dearness Allowance to Central Government employees and Dearness Relief to Pensions, due from 01.07.2021; Impact on the exchequer on account of both Dearness Allowance and Dearness Relief would be Rs.9,488.70 crore per annum; This will benefit about 47.14 lakh Central Government employees and 68.62 lakh pensioners […]
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 […]
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. […]
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% […]
CBDT extends due dates for electronic filing of various Forms under the Income-tax Act, 1961 […]
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. […]
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