FINANCE DEPARTMENT
Government eases rules for global sourcing of medical gear Pavan Choudary, chairman, Medical Technology Association of India (MTAI), termed the move a path-breaking effort by the government towards equitable policy making, spanning the crucial last mile which was uncovered so far.
02 Jul, 2024, 12.05 PM ISTAssam Government appoints chairman, members of seventh Assam State Finance Commission The Commission shall make recommendations to the matters such as the principles governing the distribution between the State of Assam and the Panchayats and the Municipalities of the net proceeds of taxes and duties levied and collected, the measure...
02 Jul, 2024, 09.45 AM ISTBoeing in talks with US Department of Justice to resolve charges over safety lapses Boeing Co. is in talks with the US Justice Department to resolve potential charges related to the 737 Max crashes. The settlement may include a corporate monitor. DOJ prosecutors seek charges, but it's uncertain if Boeing will plead guilty. Challeng...
29 Jun, 2024, 08.50 AM IST- ADVERTISEMENT
GST Council fixes monetary limit for filing of appeals before various legal forums The Council has also recommended that the maximum amount for pre-deposit for filing appeal before the appellate authority be reduced from Rs 25 crore CGST and Rs 25 crore SGST to Rs 20 crore CGST and Rs 20 crore SGST, she said. The Finance Minister ...
24 Jun, 2024, 11.29 AM ISTUnion Finance Minster Nirmala Sitharaman chairs pre-budget meeting with state finance ministers Union Finance Minister Nirmala Sitharaman chaired a pre-budget meeting with state and union territories finance ministers at Bharat Mandapam for suggestions on the upcoming Union Budget, after previously consulting with economists and industry exper...
22 Jun, 2024, 02.40 PM ISTGeneral Provident Fund (GPF) interest rate for April-June 2024 quarter announced The Ministry of Finance has announced the interest rate for the General Provident Fund (GPF) and other similar provident fund initiatives for April- June 2024 quarter.
13 Jun, 2024, 11.55 AM ISTNirmala Sitharaman assumes charge of Finance Ministry, to ensure 'ease of living' Nirmala Sitharaman took charge of Finance Ministry for her second consecutive term and isset to present FY '25 Budget defining Modi 3.0 government's priorities. She was greeted by officials upon reaching office. Her previous tasks included base corp...
12 Jun, 2024, 12.05 PM ISTPlan to tweak capital gains tax regime for debt mutual funds The government is considering changes to the capital gains tax regime for debt mutual funds to provide relief for the Bharat Bond Exchange Traded Fund, amid concerns over the current taxation structure.
10 Jun, 2024, 06.55 AM ISTNirmala Sitharaman: Feisty defender of Modi govt to filling big shoes As a staunch defender of the Modi government's economic policies and executor, Nirmala Sitharaman created a record when she was appointed as the first female Raksha Mantri, or Defence Minister, in 2017. Prior to that, she was industry and commerce m...
09 Jun, 2024, 10.36 PM ISTMoD inks MoUs with 4 banks to onboard them as SPARSH service centres across 1,128 branches The Defence Accounts Department (DAD) of the Ministry of Defence has signed MoUs with Bank of India, Canara Bank, Central Bank of India, and Utkarsh Small Finance Bank to onboard 1,128 branches as SPARSH service centres. SPARSH (System for Pension A...
05 Jun, 2024, 10.08 PM ISTView: Our cities need granular heat-risk data, hyperlocal heat action plans down to the ward level Mungeshpur, north of New Delhi, recorded a record temperature of 52.9°C, raising concerns about urban heat stress in Indian megacities due to urbanisation, humidity, and reports from Mumbai and the Centre for Science and Environment.
30 May, 2024, 11.08 PM ISTGovernment to evaluate four financial sector schemes of finance ministry The Development, Monitoring, and Evaluation Office of NITI Aayog will soon conduct assessments of four key financial sector initiatives administered by the Department of Financial Services: Pradhan Mantri Jan Dhan Yojana (PMJDY) initiated in 2014, a...
26 May, 2024, 01.53 PM ISTClarification likely on GST on NBFC co-lending The government, led by Vivek Joshi, addresses concerns around GST levy on co-lending arrangements with NBFCs, raising issues of distortion and increased lending costs. Banks, tax authorities, FIDC, MFIN, CRISIL, partner banks discuss the growth of c...
21 May, 2024, 12.24 AM ISTGDP growth likely to be 6.2 pc in Q4; 7 pc in FY24: Ind-RA India Ratings and Research forecasts India's GDP growth rate at 6.2% for the March quarter and 6.9-7% for 2023-24 fiscal year, per economist Sunil Kumar Sinha. The government is to release Q4 GDP numbers and fiscal estimates on May 31.
20 May, 2024, 01.37 PM ISTMixed bag of achievements for CM Siddaramaiah on completing one year in office Within a month of taking over, the government launched the Shakti scheme offering free rides to Karnataka women in non-luxury government buses. According to the Karnataka Transport Department officials, women have availed of as many as 210.29 cror...
19 May, 2024, 09.47 PM ISTNeed to rationalise MSME schemes for reach: DFS Secretary Speaking at the CII Annual Business Summit 2024 on Friday, Joshi also noted that there is a need to address language issues of schemes to make them easier and more comprehensible.
18 May, 2024, 12.17 AM ISTLatest General Provident Fund rules: Will interest amount be paid if the GPF contribution exceeds Rs 5 lakh? Govt clarifies General Provident Fund rules: All government employees can open a GPF account and pay a portion of their salaries to the GPF. When they retire, employees receive the entire money accrued in their GPF account over their service tenure.
13 May, 2024, 12.07 PM ISTGovernment appoints Manoj Panda as 16th Finance Commission member The appointment of Panda came after Artha Global Executive Director Niranjan Rajadhyaksha expressed his inability to join the Commission. Rajadhyaksha was named a full-time member on January 31, but later in February he expressed his inability to jo...
09 Apr, 2024, 05.25 PM ISTNitish Kumar distributes portfolios, retains Home, General Administration departments Bihar CM Nitish Kumar allocates portfolios to NDA ministers; retains Home and General Administration, Samrat Chaudhary gets Finance and Commercial, Vijay Sinha gets Road Construction, Mines and Geology, and Art & Culture. The cabinet expansion comes...
16 Mar, 2024, 03.27 PM ISTPortfolios allocated in Bihar cabinet; Nitish retains home, BJP's Samrat gets finance Vijay Kumar Sinha, the other Deputy CM, has been given crucial portfolios of agriculture and road construction, it said.
03 Feb, 2024, 01.37 PM IST