Central Government has recently released the GST Compensation of Rs. 13,806 crore to States for March’2020. Taking this amount into account, entire compensation up to 2019-20 has been released to States. […]
The Special Liquidity Scheme of Rs. 30,000 crore for NBFCs and HFCs is being implemented w.e.f. 1st July, 2020 as a follow up of one of the announcements under Aatma Nirbhar Bharat package made by the Union Minister for Finance & Corporate Affairs Smt. Nirmala Sitharaman on 13th May, 2020. […]
The Delhi Customs, IGI Airport, has booked a case of smuggling of Foreign Cigarettes (3700 Dandas) without pictorial warning imprinted on them on 23rd July, 2020 by 13 Indian passengers stranded in Dubai due to COVID-19. […]
The Central Board of Direct Taxes (CBDT) and all its field offices across India today observed the 160th anniversary of Income Tax Day. […]
Acting on specific intelligence the Directorate General of Goods and Service Tax Intelligence, Headquarters (DGGI, Hqrs) has unveiled a racket of clandestine clearance of cigarettes through a factory run in Kota. […]
The provisional payroll data published by EPFO on 20th July 2020 reveals that net new enrolments have started to make headway for most industry classifications in May 2020. […]
The Government of India (GoI) has announced the Sale (Re-issue) of (i) ‘5.22% Government Stock, 2025’ for a notified amount of Rs 12,000 crore (nominal) through price based auction, (ii) ‘6.19 percent Government Stock, 2034’ for a notified amount of Rs 11,000 crore (nominal) through price based auction, and (iii) ‘7.16 per cent Government Stock, 2050’ for a notified amount of Rs 7,000 crore (nominal) through price based auction. […]
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 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. […]
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. […]
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. […]
Union Minister for Information & Broadcasting Prakash Javadekar today said that the Government will soon issue Standard Operating Procedures to speed up resumption of film production in the unlock phase. […]
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. […]
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. […]
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 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 […]
Minister of MSME, Shri Nitin Gadkari today launched the Credit Guarantee Scheme for Sub-ordinate Debt (CGSSD) which is also called “Distressed Assets Fund–Sub-ordinate Debt for MSMEs”. […]
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. […]
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. […]
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. […]
Union Minister of Jal Shakti has congratulated the Chief Minister of Karnataka for efficient handling of the CoVid-19 situation while writing in connection with implementation of Jal Jeevan Mission (JJM) in the State. […]
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. […]
Union Minister for Agriculture & Farmers’ Welfare Shri Narendra Singh Tomar launches Sahakar Mitra: Scheme on Internship Programme, an initiative by National Cooperative Development Corporation
[…]
Issue of GST late fee for the past period (August 2017 to January 2020) to be discussed in the next GST Council meeting […]
In the view to easing liquidity pressures on MFs, it has been decided to open a special liquidity facility for mutual funds of Rs. 50,000 crores […]
Whilst the Bank’s fixed deposits (FD) are at around 6% pa, Mutual fund returns are running around 20% (though at […]
Copyright © 2020 | IndiaTIES. All rights reserved