GOVERNMENT FINANCES

Finance Minister Nirmala Sitharaman on Saturday said the intention of the central government has always been to bring petrol and diesel under GST, and it is now up to the states to come together and decide on the rate. She said a provision has alrea...

Prime Minister Narendra Modi has retained 34 ministers from his previous council, including 19 with Cabinet berths, as he begins his third term. Prominent names include Rajnath Singh, Amit Shah, Nitin Gadkari, Nirmala Sitharaman, and S Jaishankar wh...

Uttar Pradesh Finance Minister Suresh Khanna presented the State Budget in Vidhan Sabha on February 5. He spoke about various policies and government achievements during his address at Vidhan Sabha.Uttar Pradesh Finance Minister Suresh Khanna said, ...

In a move aimed at bolstering foreign investment inflows and offering growth avenues for Indian companies, the Government of India has approved the direct listing of securities by public Indian companies on the International Exchanges of the Gujarat...

Department of Financial Service Secretary, Vivek Joshi on the completion of nine years of Jan Dhan bank accounts said that Jan Dhan bank account has crossed the 50 crore mark. “The number of Jan Dhan bank accounts in the country has crossed over the...

India's net direct tax collections surged by 17.63 per cent to Rs 16.61 lakh crore in the financial year 2022-23 (FY23), against Rs 14.12 lakh crore in the preceding financial year. The Budget Estimates (BE) for direct tax revenue in the Union Budge...

Finance Minister of Jharkhand Dr Rameshwar Oraon commented on Central Government’s decision to withdraw Rs 2,000 notes from circulation.While speaking to ANI, he said, “Poor people do not have 2,000 rupee notes. Middle-class families might have it a...

On Tuesday, former Finance Minister P. Chidambaram slammed the BJP-led Government over the rising prices of essential commodities, saying that Finance Minister Nirmala Sitharaman should wake up from her slumber as the food inflation has surged to 7....

Tamil Nadu Finance Minister Palanivel Thiaga Rajan on August 03, hit back at Union Minister Nirmala Seetharaman’s criticism of Tamil Nadu Government on various issues. “We sent a written submission that we opposed the hike...we have the most complex...

The gross revenue from goods and services tax (GST) surged by 26 per cent year-on-year to Rs 1,47,686 crore in September 2022, as per the government data released on Saturday. According to the data released by the Union Ministry of Finance, the gros...

The Union government is looking to raise Rs 8.45 lakh crore through borrowing in the first half of 2022-23 to fund the revenue gap for reviving the economy, the Finance Ministry said on Thursday. Out of gross market borrowing of Rs 14.31 lakh crore ...

Punjab Finance Minister Harpal Singh Cheema on Monday said budgetary provisions have been made for giving 300 units of free electricity to the households from July 1, as the AAP government presented its first budget for FY23 in the state assembly.Pu...

Fiscal deficit for 2021-22 worked out to be 6.71 per cent of the gross domestic product (GDP), lower than 6.9 per cent projected by the Finance Ministry in the revised Budget Estimates, according to government data released on Tuesday.Fiscal deficit...

Lok Sabha approves the Finance Bill, thus completing the Budgetary exercise for FY 2022-23. Replying to a discussion on the Bill, Nirmala Sitharaman talks about cryptos, oil price hikes and much more. Watch!Nirmala Sitharaman on a 'boring budget', c...

To provide required relief to consumers, the Central Government on Tuesday exempted customs duty and agriculture infrastructure development cess on 20 Lakh metric tonnes yearly import of crude soyabean and sunflower oil. According to the Finance Min...

President Joe Biden says the U.S. will be sanctioning Russian oligarchs and their families, as well as Russian sovereign debt in retaliation for the country’s invasion of Ukraine. "None of us will be fooled" by Russian President Vladimir Putin's cla...

The Central government, in consultation with the Reserve Bank of India (RBI), has finalised its borrowing programme for the second half (H2) of FY 2021-22. Out of gross market borrowing of Rs 12.05 lakh crore projected for FY22 in the Union Budget, ...

How will FY 22 be for the exports sector after a good run in the previous fiscal? Can Budget 2022 provide the necessary impetus to carry the momentum? What are the pain-points that the sector wants the FM to address? Exporters answer all this and mo...