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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. […]
‘Dharohar’ – the National Museum of Customs & GST to be dedicated to the nation by Finance Minister Nirmala Sitharaman
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Retains GDP growth forecast at 7.2%, Inflation projected at 6.7% during FY 2022-23; Credit Cards, beginning with RuPay card can be linked with UPI […]
The massive Credit Outreach program is being held by all Public Sector Banks as part of the Azadi Ka Amrit Mahotsav (AKAM) tomorrow, 8th June 2022. […]
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. […]
As part of the ongoing India Bangladesh bilateral defense cooperation, a joint military training exercise Ex SAMPRITI-X is being conducted at Jashore Military Station in Bangladesh from 05 June to 16 June 2022. […]
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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In view of the long-standing adverse claims experience of the schemes, Pradhan Mantri Jeevan Jyoti Bima Yojana (PMJJBY) and Pradhan Mantri Suraksha Bima Yojana (PMSBY), and in order to make them economically viable, the premium rates of the schemes have been revised by making it Rs 1.25 per day premium for both schemes that includes revising PMJJBY from Rs. 330 to Rs. 436 and PMSBY from Rs. 12 to Rs. 20.
The Government of India has released the entire amount of GST compensation payable to States up to 31st May 2022 by releasing an amount of Rs.86,912 crores. […]
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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In line with its commitment to preserving the natural heritage of the nation, the Directorate of Revenue Intelligence (DRI) has recovered 14.63 MT of Red Sanders, estimated at Rs 11.70 crore in the international market, from a consignment that was stuffed at ICD Sabarmati, and which was to be exported to Sharjah, UAE. […]
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.
The outstanding balance of ‘8.15% GS 2022’ is repayable at par on June 10, 2022. No interest will accrue thereon from the said date. […]
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 […]
Finance Minister Nirmala Sitharaman launches ‘Market Ka Eklavya” – NSDL’s investor awareness program for students […]
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 […]
Gross GST collection in April 2022 is all-time high, Rs 25,000 crore more than the next highest collection of Rs. 1,42,095 crore, just last month […]
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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Union Minister for Finance & Corporate Affairs Smt. Nirmala Sitharaman attended the FATF Ministerial Meeting in Washington D.C. on 21st April 2022, conducted alongside the 2022 Spring Meetings of the World Bank Group and the International Monetary Fund (IMF). […]
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 […]
Income Tax Department conducts searches in Delhi-NCR on Automobile Manufacturing Group, Company Operating Chartered Flights, and Real Estate Groups […]
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). […]
The Income Tax Department carried out a search and seizure operation on 14.03.2022 on a popular chain of educational institutes, running several schools and colleges at multiple locations in India and abroad. […]
The Government of India, the Government of West Bengal, and the World Bank signed a $125 million IBRD loan to support efforts to help poor and vulnerable groups access social protection services in the state of West Bengal. […]
After disrupting the asset-backed lending space with its flagship, industry first doorstep gold
loan offering, Rupeek is well-poised to further revolutionise the category with its first-ever Goldpowered card for the masses; Aimed at harnessing the power of India $2 trillion worth of Gold assets, Rupeek introduces its
second offering under the tech-led gold monetisation (GoMon) product portfolio […]
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 Competition Commission of India (CCI) approves acquisition of shares of Future Generali India Life Insurance Company Limited (FGLIC) by Generali Participations Netherlands N.V (GPN), pursuant to which GPN’s shareholding in FGLIC will stand increased from 49% to upto approx. 71%. […]
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. […]
Shri Piyush Goyal calls for a Single window portal for doing robust common KYC system for Stock Brokers, Mutual Fund and depositories etc; Shri Piyush Goyal calls for transparency and integrity in the stock markets to empower households and investment besides encourage investments. […]
REC Limited has entered into an agreement with KfW Development Bank for availing ODA term loan of USD 169.5 million under Indo-German Bilateral Partnership in accordance with the approval granted by Department of Economic Affairs, Ministry of Finance, Govt. of India. […]
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. […]
Prime Minister Shri Narendra Modi hosted a roundtable interaction with representatives of Venture Capital and Private Equity Funds at Lok Kalyan Marg today. […]
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 […]
During the last seven financial years, Foreign Direct Investment (FDI) inflows worth US$ 440.26 billion have been reported in India. FDI inflow in India stood at US$ 45.15 billion in 2014-2015 and has increased to 81.97 in 2020-21 […]
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