The Cabinet Committee on Economic Affairs chaired by Prime Minister Shri Narendra Modi has approved the FDI proposal no. 4930 for acquisition of 12.32% of the equity share capital (on a fully diluted basis) of M/s ATC Telecom Infrastructure Private Limited by M/s ATC Asia Pacific PTE Limited […]
Finance Minister Smt. Nirmala Sitharaman says momentum of reforms continues during the pandemic and will continue; Economy is facing a reset exercise […]
Government of India & NDB Sign Agreement for USD 500 Million to Provide Fast, Reliable, Safe and Comfortable Public Transport System in The National Capital Region […]
The Government of India, the Government of Meghalaya, and the World Bank today signed a $120 million project to improve and modernize the transport sector of the state of Meghalaya. […]
The Chairman and Members of the 15th Finance Commission today presented a copy of the Commssion’s report for the period 2021-22 to 2025-26, to the Prime Minister Shri Narendra Modi. The Commission had submitted its report to the President of India on 4 November 2020. […]
Department of Investment and Public Asset Management (DIPAM) has signed an agreement with World Bank today (16 Nov 2020). Under the agreement, the World Bank is to provide advisory services to DIPAM for asset monetization. […]
Over the years, the Ministry of Finance has been holding pre-budget consultations in North Block with Industry/Commerce Associations, Trade Bodies, and Experts to seek ideas for the Annual Budget. Owing to the pandemic situation, the Ministry has received suggestions from various quarters for holding pre-budget consultations in a different format. […]
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, namely:-
As part of the AatmaNirbhar Bharat Package 3.0 as announced by Hon’ble Finance Minister on 12th November, 2020, certain income tax relief measures were brought in for real-estate developers and home buyers. […]
Union Minister for Finance & Corporate Affairs Smt. Nirmala Sitharaman has announced 12 key measures, as part of the Government of India’s stimulus to the economy, under AatmaNirbhar Bharat 3.0. The net stimulus announced today amounts to ₹ 2.65 Lakh crore. […]
The outstanding balance under ’8.12% Government Stock 2020’ will be repayable on the effective date of repayment as indicated in column 4 of the above table […]
The IFSC Authority, after detailed deliberations, approved the International Financial Services Centres Authority (Banking) Regulations, 2020. […]
The Cabinet has approved Continuation and Revamping of the Scheme for Financial Support to Public Private Partnerships (PPPs) in Infrastructure Viability Gap Funding (VGF) Schemetill 2024-25 with a total outlay of Rs. 8,100 cr. […]
Union Minister for Finance & Corporate Affairs Smt. Nirmala Sitharaman participated in the 1st BRICS Finance Ministers and Central Bank Governors (FMCBG) meeting under the BRICS Russian Chairmanship today. […]
The Fifteenth Finance Commission (XVFC) led by Chairman Sh N K Singh, today submitted its Report for the period 2021-22 to 2025-26 to the Hon’ble President of India. […]
The ECLGS was announced as part of the Aatma Nirbhar Bharat Package (ANBP) to provide fully guaranteed and collateral-free additional credit to MSMEs, business enterprises, individual loans for business purposes and MUDRA borrowers, to the extent of 20 per cent of their credit outstanding as on 29.2.2020. […]
The Ministry of Finance, Government of India, under its “Special Window to States for meeting the GST Compensation Cess shortfall,” will be releasing an amount of Rs 6000 crore as a second tranche to 16 States and 3 Union Territories today. […]
The gross GST revenue collected in the month of October 2020 is ₹ 1,05,155crore of which CGST is ₹ 19,193 crore, SGST is ₹ 25,411 crore, IGST is ₹ 52,540 crore and Cess is ₹ 8,011crore. The total number of GSTR-3B Returns filed for the month of October up to 31st October, 2020 is 80 lakh. […]
Finance Minister Smt. Nirmala Sitharaman leads Indian delegation in 10th Round of Ministerial UK-India Economic and Financial Dialogue
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The due date for filing Annual Return (FORM GSTR-9/GSTR-9A) and Reconciliation Statement (FORM GSTR-9C) for Financial Year 2018-19 is extended from 31st October 2020 to 31st December, 2020 […]
The date for furnishing of various audit reports under the Act including tax audit report and report in respect of international/specified domestic transaction has been extended to 31st December, 2020. […]
IFSCA Committee submits second interim report on development of international retail business – Finserv from India
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IFSCA prescribed the regulatory framework for Real Estate Investment Trusts (REITs) and Infrastructure Investment Trusts (InvITs) in IFSC. […]
IFSCA introduces Framework for Regulatory Sandboxto tap into innovative FinTech solutions […]
The Asian Development Bank (ADB) and the Government of India today signed a $177 million loan to upgrade 450 kilometers (km) of state highways and major district roads in the state of Maharashtra. […]
Tariff Notification No. 100/2020-Customs (N.T.) in respect of Fixation of Tariff Value of Edible Oils, Brass Scrap, Poppy Seeds, Areca Nut, Gold and Silver
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The Central Board of Indirect Taxes and Customs has determined the rate of exchange of conversion of foreign currencies Indian currency or vice versa, with effect from 16th October 2020 for the purpose of imported and export goods. […]
Finance Minister Smt. Nirmala Sitharaman attends the G20 Finance Ministers and Central Bank Governors Meeting through video conferencing
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Finance Minister announces measures of Rs 73,000 crore to stimulate consumer spending before the end of this Financial Year in the fight against COVID-19
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ADB, India sign $270 million loan to improve urban services in 64 Madhya Pradesh small cities
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India and ADB Sign $300 Million Loan to Develop Rajasthan’s Secondary Towns
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The 42nd GST Council met under the Chairmanship of Union Finance & Corporate Affairs Minister Smt Nirmala Sitharaman through video conferencing here today. […]
The gross GST revenue collected by finance ministry in the month of September, 2020 is ₹ 95,480 crore of which CGST is ₹ 17,741 crore, SGST is ₹ 23,131 crore, IGST is ₹ 47,484 crore and Cess is ₹7,124 crore […]
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 […]
The Income Tax Department today launched Faceless Income Tax Appeals. Under Faceless Appeals, all Income Tax appeals will be finalised in a faceless manner under the faceless ecosystem with the exception of appeals relating to serious frauds […]
The International Financial Services Centres Authority (IFSCA) Expert Committee on international retail business development in the IFSC has submitted its interim report to the Chairperson of the IFSCA […]
Under Pradhan Mantri Jan-Dhan Yojana (PMJDY), a free RuPay debit card is provided to the PMJDY account holders with inbuilt accident insurance cover of Rs. 1 lakh. This amount has been raised to 2 lakhs […]
Government has issued Advisory to PSBs to moot action against personal guarantors of corporate debtors […]
To ensure availability of banking outlet within 5 kilometers of all inhabited villages the Government has launched a GIS based appnamely, Jan Dhan Darshak app (JDD app) […]
The Customs (Administration of Rules of Origin under Trade Agreements) Rules, 2020 (CAROTAR, 2020), notified on 21st August, 2020, shall come into force from 21st September, 2020 […]
India sees a trade surplus of 14.2 B in International trade for Apr-Aug 2020 while exports being $182.13B and imports being $167.94B […]
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
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Customs seizes smuggled textiles worth Rs 3.3 crore on a fishing trawler to Bangladesh
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Expert committee to assist the Government for assessment of relief to bank borrowers
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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
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Ranking of states based on the implementation of Business Reform Action Plan for the year 2019 declared;
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