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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. […]
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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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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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 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) […]
In a recently conducted core meeting of major players of businesses, startups, MSMEs and representatives of various Trade Bodies in the ESDM secor aired the problems being faced by the industry […]
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 […]
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, with effect from 18th September, 2020 relating to imported and export goods. […]
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 […]
Central Board of Indirect Taxes & Customs hereby makes the following amendments towards the tariff rates for import of commodities […]
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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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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The Fifteenth Finance Commission hold discussions with its Economic Advisory Council
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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
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CBDT provides ITR Filing Compliance Check Functionality for Scheduled Commercial Banks
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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 […]
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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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
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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
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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. […]
Exchange Rates Notification No.80/2020-Customs (NT)
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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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