In a major transfer in direction of inclusivity and recognition of gender id, the Finance Ministry has accredited a reputation and gender change request for a high-ranking official within the Central Board of Oblique Taxes and Customs (CBIC). M Anusuya, an Indian Income Service (IRS) officer of the 2013 batch, at the moment serving as … Read more
The Sixteenth Finance Fee has constituted an advisory council with 5 members. The members of the council are DK Srivastava, Neelkanth Mishra, Poonam Gupta, Pranjul Bhandari and Rahul Bajoria Poonam Gupta can be the convenor of the council, a Finance Ministry assertion stated. The position and capabilities of the advisory council can be to advise … Read more
The Ministry of Electronics and Info Expertise is engaged on a comply with up scheme for the Scheme for Promotion of Manufacturing of Digital Elements and Semiconductors (SPECS) that ended on March 31, 2024, mentioned its secretary S Krishnan. Among the producers have been lined beneath the scheme that ended. “Nevertheless, going ahead, we’ll want … Read more
The Finance Ministry has stated that deposits made below the Particular Deposit Scheme (SDS) for non-government provident, superannuation and gratuity funds would earn 7.1 per cent curiosity from July 1 to September 30. The charges stay unchanged from the April-June quarter. The rate of interest on SDS is a significant factor influencing declaration of price of … Read more
Because the nation awaits the Union Price range for 2024-25, the Union Minister of Finance and Company Affairs chaired a gathering with the eighth Pre-Price range Session with specialists from the employment and talent improvement sectors to take ideas for the forthcoming Basic Price range 2024-25, in New Delhi, on Tuesday. Main names within the … Read more
The Finance Ministry on Tuesday directed Public Sector Banks (PSBs) to “industriously work” in the direction of reaching the final mile to additional strengthen the monetary inclusion initiatives taken by the Authorities. The problems associated to CKYC, Jan Samarth portal, Aadhar seeding, and many others have been additionally mentioned throughout a assessment assembly chaired by Division … Read more
The nation’s gross GST collections rose to Rs 1.73 lakh crore in Could, rising 10 per cent 12 months on 12 months pushed by elevated revenues from home transactions, the finance ministry stated on Saturday. GST collections had touched a file excessive of Rs 2.10 lakh crore final month. “The gross Items and Providers Tax … Read more
The Finance Ministry has pinned hopes on an excellent monsoon and efficient coverage measures to ease meals inflation. It has concurrently cautioned about international geopolitical scenario that might adversely impression commodity costs. Retail inflation primarily based on Client Value decreased to 4.83 per cent in April from 4.85 per cent in March, the bottom fee … Read more
Finance Ministry on Thursday held wide-ranging consultations with the chief executives of prime Non-Banking Finance Corporations (NBFCs) on the problems and challenges earlier than the sector and their implication for the monetary system together with banks. Additionally learn: Bolster governance and assurance capabilities: RBI to NBFCs Essential matters Essential matters mentioned embody financial institution funding … Read more
With better-than-expected tax assortment, fiscal deficit is predicted to be decrease than revised estimate for Fiscal Yr 2023-24 (FY24), a senior authorities official mentioned on Thursday. The Controller Basic of Accounts (CGA) will make fiscal deficit variety of final fiscal public on Could 31. Based on interim Funds for FY25, persevering with on the trail … Read more