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 IFSC Authority, after detailed deliberations, approved the International Financial Services Centres Authority (Banking) Regulations, 2020. […]
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 […]
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. […]
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. […]
Finance Minister Smt. Nirmala Sitharaman participates in 102nd meeting of the World Bank Development Committee Plenary
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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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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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N.K. Singh’s Keynote Address to Commonwealth Finance Ministers on Securing Fiscal Sustainability:Options for Navigating COVID-19 Crisis
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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 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 […]
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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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. […]
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). […]
Ranking of states based on the implementation of Business Reform Action Plan for the year 2019 declared;
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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
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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 […]
MSME Ministry takes lead in helping the MSMEs get their dues in 45 days… Vendors to be onboarded on TReDS Platform […]
Japan’s commits Rs 3,500 crore (approx.) as Official Development Assistance for health sector to fight the COVID-19 crisis in India
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Finance Minister to Review with Scheduled Commercial Banks and NBFCs, the implementation of the resolution framework for COVID-19 related stress in bank loans
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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 […]
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
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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. […]
1.22 crore Kisan Credit Cards sanctioned with credit limit of Rs. 1,02,065 crore under the special saturation drive
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Partial Credit Guarantee Scheme (PCGS) 2.0 extended with greater flexibility to respond to emerging demands
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Finance Minister launches an Online Dashboard for the National Infrastructure Pipeline
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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. […]
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. […]
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