Yearend sales and improved compliance contributed to the significant increase in goods and services tax (GST) collections, surpassing the Rs 2-lakh-crore..

Former RBI Governor Duvvuri Subbarao claimed that the finance ministry under Pranab Mukherjee and P Chidambaram used to pressure the RBI to soften interest..

Interest rates of these small savings scheme will remain unchanged for the first quarter of the next fiscal, beginning April 1, 2024, a notification issued by..

The proposal to reduce GST on hybrid vehicles to five per cent and to 12 per cent for flex engines has been sent to the Finance ministry which is considering the..

The finance ministry on Monday said there is no change in the new income tax regime for individuals for the current fiscal year and individual taxpayers can opt..

In an explanatory tweet, finance ministry has said that some misleading information related to new tax regime is being spread on some social media platforms.

Build India Awards given by Union Minister, Mr. Nitin Gadkari provided a spotlight on the remarkable endeavours in India's infrastructure landscape. Award. The..

The Hon'ble Union Minister of Finance, Smt. Nirmala Sitharaman, heralded for her unwavering commitment to fostering economic growth and stability, was presented..

Interest rates of these small savings scheme will remain unchanged for the first quarter of the next fiscal, beginning April 1, 2024, a notification issued by..

Gross GST revenue rose by 12.5% year-on year to Rs 1.68 lakh crore in Feb, sustaining the strong momentum in the receipts as growth remains robust. Average..

The FIU issued its order imposing the penalty on February 15. 

The finance ministry and RBI will focus on ownership change of listed fintech companies to ensure regulatory compliance. Virtual meetings, workshops, and..

Prescribing uniform KYC norms and inter-usability of KYC records across the financial sector are on the anvil, as per Finance Ministry statement.

Retail inflation has eased to a three-month low of 5.1% in Jan due to a moderation in food and core inflation (minus food and fuel). The report said prospects of..

The release of tax funds allocated for the Palestinian Authority (PA) and currently frozen by Israel is anticipated to take place soon, as indicated by Norwegian..

Nirmala Sitharaman will table the interim budget on February 1, 2024, as the Lok Sabha polls are due to be held later this year. Ahead of the Budget..

Although the Indian economy is expected to grow above 7% driven by strong domestic demand and economic reforms, geopolitical risks such as the fallout of..

The Indian economy remains resilient amid global challenges due to robust domestic demand, investment-led strategies, and macro-economic stability, according to..

Ten years ago, India was the 10th largest economy in the world, with a GDP of USD 1.9 trillion at current market prices.  

The finance ministry issued an order, stating that public sector banks, insurance companies, financial institutions, and regional rural banks will also remain..

There has been a suspense over whether the banks will be open or closed on January 22 which is Monday.

Muthoot Finance MD Alexander Muthoot in his pre-budget expectations from the finance ministry said that gold linked credit line via UPI will be ideal for common..

The Russian rouble climbed to a more than seven-week high against the dollar on Friday, boosted by the state's new foreign currency interventions plan and higher..

India's finance ministry cancels plan to top up strategic crude oil reserves due to market volatility and potential further decline in prices. Instead, the..

According to ET, because the finance ministry hasn't approved FAME III, there's a suggestion to extend the current edition until a new framework is in place. If..

India's finance ministry targets reducing the fiscal deficit to 4.5 percent by FY26. Analysts anticipate Sitharaman to uphold the government's focus on..

According to the finance ministry, capital expenditure by central public sector enterprises touched about 52 per cent of the Budget target at Rs 3.79 lakh crore..

Goods and services tax (GST) collections rose 10.3% to Rs 1,64,882 crore during December, driven by domestic sources, while the rise in mop-up from imported..

The Ministry of Finance also today said that a large number of taxpayers did their due diligence by comparing data of their financial transactions by viewing..

Goods and Services Tax (GST) collections jumped 10 per cent to about Rs 1.64 lakh crore in December compared to Rs 1.49 lakh crore in the same month a year ago,..

Columbia University professor and the first vice chairman of Niti Aayog Arvind Panagariya has been appointed the chairman of the 16th Finance Commission. The..

The finance ministry has sought expenditure proposals for the second and final batch of supplementary demands for grants from various ministries and departments..

Fuel prices in India might be significantly lowered before the Lok Sabha elections in 2024. The finance ministry awaits the final nod.

Ukraine received $1.34 billion under the World Bank's public expenditures for administrative capacity endurance in Ukraine, the Ukrainian finance ministry said..

The finance ministry has directed heads of public sector banks to closely monitor and review the top 20 cases under the Insolvency and Bankruptcy Code (IBC) as..

The finance ministry clarified that the interpretation of the IMF report suggesting India's general government debt would exceed 100% of GDP in the medium term..

The finance ministry has written to the health ministry suggesting a regulator for healthcare services. The National Health Authority's efforts to build the..

A paper by the finance ministry's economic division calls for reform in the credit rating process of global agencies like Moody's, Fitch, and Standard & Poor's...

The finance ministry plans to review insolvency cases that are stuck in bankruptcy tribunals. The government aims to address concerns about the slow progress of..

​ The number of GST return filers rose about 65% to 1.1 crore in 5 years till April 2023 as compliance by taxpayers improved, the finance ministry said on..

The subsidy for electric two-wheelers is expected to end in a few weeks as the government is not keen on introducing the third phase of Faster Adoption and..

A Kenyan court on Monday suspended a government plan to start a fresh privatisation drive under a modified law while it hears a challenge that an opposition..

The government is considering deploying a series of measures to curb the growing menace of cyber frauds in the financial sector, including blocking the IMEI, the..

The approval and bidding of highway projects under the Bharatmala programme have been halted until fresh Cabinet approval is obtained. The finance ministry has..

India's growth experience in 2023-24 will continue to be a positive outlier as compared to other major economies and the country can look ahead to the prospect..

China's finance ministry has proposed new measures that require auditors to undergo additional cybersecurity checks when their work involves national security...

The finance ministry has introduced an amnesty scheme for filing appeals against Goods and Services Tax (GST) demand orders. The scheme will be open until..

The Centre has received multiple expressions of interest (EOIs) for the privatisation of state-run Indian Medicines Pharmaceutical Corporation (IMPCL), a top..

The Indian government is working on setting up a single agency for infrastructure planning, monitoring, and evaluation to ensure maximum impact on the economy..

The Indian government's initiatives for financial inclusion, rural microfinance, and property rights in rural housing have contributed to the development of..

The Centre's "just-in-time" mechanism for releasing funds to government agencies has led to banks losing out on low-cost current and savings account float...

India is resisting pressure from Russian oil suppliers to pay for crude imports in Chinese currency, as tensions between India and China continue. While Russia..

According to the Union Finance Ministry, the benefit of this non-productivity linked bonus (ad-hoc bonus) will be given to all non-gazetted employees falling..

Recently, during a meeting between the Government's Standing Committee and representatives of Vietnamese entrepreneurs, the Deputy Minister of Finance announced..

On Wednesday, the Ukrainian finance ministry announced that the United States granted Ukraine $1.15 billion as a component of the PEACE in Ukraine program. The..

The net direct tax collection increased by 21.82 per cent to over Rs 9.57 lakh crore till October 9, helped by good inflow from corporates and individuals, the..

The Finance Ministry maintains the GPF interest rate at 7.1% for Q4 FY24, consistent rates for similar provident funds.

The revenue in September 2023 was 10 percent higher than the GST revenue of Rs 1.47 lakh crore in the same month last year, the finance ministry said in a..

Russia said Thursday that it plans to raise defence spending by almost 70 percent next year, funnelling massive resources into its Ukraine offensive to fight..

The Indian government, in its August economic report, expressed comfort with a projected 6.5% growth for 2023-24. It acknowledged concerns about rising global..

The finance ministry in India has stated that there is no distress in household savings, despite some discussions suggesting otherwise. The ministry argues that..

The finance ministry has announced measures that will benefit LIC employees and agents. They include an increase in the gratuity limit from Rs 3 lakh to Rs 5..

The net direct tax collection in India has increased by 23.51% to over Rs 8.65 lakh crore till mid-September, according to the finance ministry. This growth has..

The Pakistani government is reportedly unable to pay salaries to staff at certain diplomatic missions for the past three months due to a dollar liquidity crunch...

South Korea's government plans to increase its budget spending for 2024 to nearly $497 billion, marking the smallest increase in two decades. The finance..

A notification issued by the Finance Ministry on August 19 stated that they have imposed a 40 per cent export duty on onions till December 31, 2023.

The Centre on Saturday imposed 40% duty on onion exports till December 31 to check the rise in prices. The export duty comes amid reports that onion prices are..

In a statement, the Finance Ministry said that the collections from direct taxes, which include personal income tax and corporate tax, up to August 10, 2023,..

The Finance Ministry's expenditure department will formulate a proposal to hike DA along with its revenue implication.

The gross Goods and Services Tax (GST) revenue collected in July 2023 was Rs 1,65,105 crore, slightly higher than the collections in July, according to data..

Maharashtra Deputy Chief Minister Ajit Pawar has been given Finance Ministry.