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Union Minister for Finance & Corporate Affairs Smt. Nirmala Sitharaman participated in the 3rd G20 Finance Ministers and Central Bank Governors (FMCBG) meeting under the Saudi Arabian Presidency through Video Conferencing here today to discuss the global economic outlook amid evolving COVID-19 pandemic crisis along with other G20 Finance Track priorities for the year 2020. […]
The Income Tax Department is all set to start an e-campaign on voluntary compliance of Income Tax for the convenience of taxpayers from Monday, the 20th of July, 2020. […]
The new Form 26AS is the faceless hand-holding of the taxpayers to e-file their income tax returns quickly and correctly. From this Assessment Year, taxpayers will see an improved Form 26AS which would carry some additional details on taxpayers’ financial transactions as specified in the Statement of Financial Transactions (SFTs) in various categories. […]
The Central Board of Direct Taxes (CBDT) has issued refunds worth Rs 71,229 crore in more than 21.24 lakh cases upto 11th July, 2020, to help taxpayers with liquidity during COVID-19 pandemic, since the Government’s decision of 8th April, 2020 to issue pending income tax refunds at the earliest. […]
The National Pension System (NPS), a flagship defined contribution pension scheme of the Government of India, has released its subscription numbers for the first quarter of 2020-21. […]
The Fifteenth Finance Commission today held a meeting with Union Minister Shri Hardeep Singh Puri and senior officials of the Ministry of Housing & Urban Affairs (MoHUA) on issues including property taxation by Urban Local Bodies (ULBs). […]
Upon the recommendations of Ministry of Panchayati Raj and Department of Drinking Water and Sanitation, Ministry of Jal Shakti, an amount of Rs.15187.50 crore, as grants-in-aid, in respect of 2.63 lakh Rural Local Bodies (RLBs) spread in 28 States of the country has been released by the Ministry of Finance on 15th July 2020. […]
As per the reports released by the Ministry of Finance, India records overall trade surplus of US$11.7Billion for Q1 2020-21 i..e April-Jun 2020 […]
The Central Board of Indirect Taxes & Customs (CBIC), has reviewed the tariffs for the import of edible oils and set the new rates per metric tonnes. […]
Finance Minister reviews implementation of Insurance Scheme for Health workers fighting COVID 19 announced under PMGKP ; emphasizes the need for speedy settlement and benefit reaching out to the nominees at the earliest […]
Finance Minister Smt. Nirmala Sitharaman reviews Pradhan Mantri Fasal Bima Yojana; Stresses the importance of carrying out awareness activities & need for States to release Premium Subsidy on time to ensure timely settlement of claims […]
Finance Commission holds meeting with the Ministry of Health and Family Welfare; MoHFW revises fund requirements to Rs.6.04 lakh Cr […]
Hon’ble Prime Minister Shri Narendra Modi on May 12th, 2020, announced the Special economic and comprehensive package of Rs. 20 lakh crores – equivalent to 10% of India’s GDP – to fight COVID-19 pandemic in India. He gave a clarion call for Aatma Nirbhar Bharat or Self-Reliant India Movement. […]
A formal Memorandum of Understanding (MoU) was signed today between the Central Board of Direct Taxes (CBDT) and the Securities and Exchange Board of India (SEBI) for data exchange between the two organizations. […]
The Union Cabinet chaired by the Prime Minister Shri Narendra Modi today has given its approval for extending the contribution both 12% employees’ share and 12% employers’ share under Employees Provident Fund, totaling 24% for another 3 months from June to August, 2020, as part of the package announced by the Government under Pradhan Mantri Garib Kalyan Yojana (PMGKY)/ Aatmanirbhar Bharat in the light of COVID-19, a Pandemic. […]
Union Minister for Finance & Corporate Affairs, Smt. Nirmala Sitharaman, today held meeting, through Video Conference, with Secretaries of Ministries of Petroleum & Natural Gas , Power , Coal , Mines and D/o Atomic Energy and the CMDs of 23 CPSEs belonging to these Ministries. […]
The World Bank and the Government of India today signed a loan agreement to enhance support for the Namami Gange programme that seeks to rejuvenate the Ganga river. […]
Shri M. Ajit Kumar, Chairman, Central Board of Indirect Taxes & Customs (CBIC) yesterday unveiled several new and modern testing equipment inducted into the Central Revenues Control Laboratory (CRCL) which would significantly enhance the in-house testing capability of the Customs leading to faster import and export clearances. […]
15th Finance commission held a detailed meeting with representatives of the World Bank, Niti Aayog and member of the Commission’s High level group (HLG) on the health sector. […]
The World Bank and the Government of India today signed the $750 million agreement for the MSME Emergency Response Programme to support increased flow of finance into the hands of micro, small, and medium enterprises (MSMEs), severely impacted by the COVID-19 crisis. […]
Government of India has put an end to all rumours concerning the proposal to merge the Central Board of Direct Taxes and Central Board of Indirect Taxes and Customs […]
In pursuance to the Government’s decision vide Press Note dated April 8th, 2020 to issue pending income tax refunds in order to help taxpayers in a COVID-19 pandemic situation, the Income Tax Department has issued tax refunds at a speed of 76 cases per minute from 8th April to 30th June, 2020. […]
GST Day, 2020 or third anniversary of introduction of GST was marked by CBIC and all its field offices across India on July 01, 2020. GST has been instrumental in Breaking Barriers to build an AatmaNirbhar Bharat and taking forward the motto of One Nation One Tax One Market. […]
With a view to improving the liquidity position of NBFCs as well as HFCs, the Union Minister for Finance & Corporate Affairs Smt Nirmala Sitharamanhad announced on 13th March 2020, launch of a Special Liquidity Scheme of Rs. 30,000 crore. […]
The gross GST revenue collected in the month of June, 2020 is Rs. 90,917crore of which CGST is Rs. 18,980crore, SGST is Rs. 23,970crore, IGST is Rs. 40,302crore (including Rs. 15,709crore collected on import of goods) and Cess is Rs.7,665 crore (including Rs. 607crore collected on import of goods). […]
The Amendments in the Indian Stamp Act, 1899 brought through Finance Act 2019 and Rules made thereunder will come into effect from tomorrow, i.e. 1st July, 2020 vide notifications dated 30th March, 2020. […]
Under the 100 % Emergency Credit Line Guarantee Scheme (ECLGS) backed by a Government guarantee , Banks from Public & Private Sectors have sanctioned loans worth over Rs. 1 lakh crore as of June 26, 2020, of which more than Rs 45,000 crore has already been disbursed. […]
The Government of India, the Government of Tamil Nadu and the World Bank yesterday signed legal agreements to help low-income groups in the state of Tamil Nadu get access to affordable housing. […]
The Finance Commission headed by Chairman, Shri N. K. Singh today held a detailed meeting with the Ministry of Human Resource Development (MHRD) in which the Minister for HRD. Shri Ramesh Pokhriyal ‘Nishank’ , MOS (MHRD), Shri Sanjay Dhotre and all senior officials of the Ministry were present. […]
In a major move towards GST taxpayers’ facilitation, the Government has decided to provide the facility of SMS filing of NIL statement of FORM GSTR-1from 1st week of July 2020. […]
In pursuance of the commitment to ensure safety of depositors across banks, the President has promulgated the Banking Regulation (Amendment) Ordinance, 2020. […]
The Government has notified the new Floating Rate Savings Bonds, 2020 (Taxable)Scheme in place of 7.75 percent Savings (Taxable) Bonds, 2018 Scheme which ceased for subscription from the close of banking business on May 28, 2020 […]
The 15th Finance Commission headed by Chairman, Shri N. K. Singh including its Members today held a meeting with the Minister for Agriculture and Farmers’ Welfare, Shri Narendra Singh Tomar and senior officials of his Ministry. […]
The 15th Finance Commission headed by Chairman, Shri N. K. Singh including its Members today held a meeting with the Minister for Rural Development, Shri Narendra Singh Tomar and senior officials of his Ministry to garner the view of the Ministry of Rural Development (MoRD) on the general framework given by FC-XV in its report for 2020-21 on the maintenance of Pradhan Mantri Gram Sadak Yojana (PMGSY) roads. […]
For forming up its recommendations for the years 2020-21 to 2025-26, the Commission today held a detailed meeting with the Ministry of Panchayati Raj (MoPR) headed by Shri Narendra Singh Tomar, the Union Minister of Rural Development, Agriculture and Farmers Welfare & Panchayati Raj. […]
Ministry of Railways today i.e. 24th June 2020 reviewed the progress of Garib Kalyan Rojgar Abhiyaan with Zonal Railways and Railway PSUs through video conference meeting. […]
Union Cabinet chaired by Prime Minister Shri Narendra Modi today approved a scheme for interest subvention of 2% for a period of 12 months, to all Shishu loan accounts under Pradhan Mantri Mudra Yojana (PMMY) to eligible borrowers. […]
In pursuance of recently announced Atma Nirbhar Bharat Abhiyan stimulus package for ensuring growth in several sectors, the Cabinet Committee on Economic Affairs, chaired by Prime Minister Shri Narendra Modi, has approved setting up of Animal Husbandry Infrastructure Development Fund (AHIDF) worth Rs. 15000 crore. […]
Shri R.K. Singh, Union Minister of Power, New and Renewable Energy and Skill Development and Entrepreneurship (IC) interacted today through video conferencing with developers of generation and transmission projects in Power and Renewable Energy sector. […]
Guided by the urgent need to save lives -‘Jaanhaitoh Jahan hai’, India resorted to a strict 21 days nationwide lockdown on 24thMarch, 2020 to contain the spread of COVID-19 in its early stages in the country. […]
The interventions by Government for MSMEs, have been gaining rapid traction. Under the Emergency Credit Line backed by a Government guarantee, Banks from Public & Private Sectors have so far already sanctioned loansworth over Rs. 79,000 crore as of June 20, 2020, of whichmore than Rs 35,000 crore has already been disbursed. […]
Recently published provisional payroll data by EPFO highlights the ever growing trend of increasing subscriber base for EPFO, since the collation of payroll data from September 2017. […]
Union Minister for Finance & Corporate Affairs Smt Nirmala Sitharaman while interacting with the Managing Committee Members of PHD Chamber of Commerce and industry through video conferencing today said that the Government has always recognised the importance of wealth creators as they generate employment opportunities and utilise resources in optimal manner for promoting the socio-economic development in the country. […]
Shri M. Ajit Kumar, Chairman, Central Board of Indirect Taxes, and Customs (CBIC) launched the e-Office application in over 500 CGST and Customs offices across India here today. […]
The 40th GST Council met under the Chairmanship of Union Finance & Corporate Affairs Minister Smt Nirmala Sitharaman through video conferencing here today . The meeting was also attended by Union Minister of State for Finance & Corporate Affairs Shri Anurag Thakur besides Finance Ministers of States & UTs and senior officers of the Ministry of Finance& States/ UTs. […]
The Ministry of Housing & Urban Affairs has recommended holistic planning for pedestrian friendly market spaces in various cities and municipal areas in the country in consultation with stake holders. […]
Department of Agriculture Cooperation & Farmers’ Welfare is implementing ‘Per Drop More Crop’ component of Pradhan Mantri Krishi Sinchayee Yojana (PMKSY- PDMC). […]
In a significant move towards taxpayer facilitation, the Government has today onwards allowed filing of NIL GST monthly return in FORM GSTR-3B through SMS. […]
The Finance minister suggested the industry to submit their recommendations related to the ministry of corporate affairs or SEBI deadlines so that necessary steps could be taken related to COVID Emergency Credit Facility […]
The GST Compensation of Rs.1,15,096 crore for period April-November, 2019 had already been released by the Central Government to the States/ UTs with Legislature. […]
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