On the heels of the wage revision for industrial financial institution workers, the All India Financial institution Workers’ Affiliation (AIBEA) now desires the Finance Ministry to announce wage revision for the employees of Regional Rural Banks (RRBs). This financial institution workers physique can also be now demanding that RRBs wage revision be made a part … Read more
Report making in April continues this 12 months too as assortment from Items & Providers Tax (GST) crossed ₹2 lakh crore for the primary time because the inception, Finance Ministry reported on Wednesday. Finance Minister Nirmala Sitharaman attributed ‘sturdy momentum within the economic system and environment friendly tax system’ for this achievement. Assortment in April … Read more
The Finance Ministry has fastened a timeline for scrapping varied forms of automobiles and inserting recent orders. This is part of new pointers to jot down off losses below revised Delegation of Monetary Energy Guidelines (DOFR). These guidelines have set the edge for writing off losses in case of theft, fraud, and so forth. Additionally … Read more
The Finance Ministry has imposed definitive anti dumping obligation on Solid Aluminium Alloy Wheels or Alloy Highway Wheels (ARW) imports from China. The definitive anti dumping obligation, legitimate for 5 years, ranges from $ 0.23 per kg to $ 1.71 per kg relying on the producer from China. Solid aluminium alloy wheels or ARW is … Read more
Finance Minister Nirmala Sitharaman on Friday, nearly launched seven infrastructure initiatives price over ₹1,000 crore, the Finance Ministry stated. Additionally learn: Authorities saved over ₹20,000 crore by way of new accounting mechanisms, says FM Sitharaman In her handle on the event, Sitharaman stated it is very important be certain that initiatives are deliberate and accomplished … Read more
Finance Ministry has lowered import obligation on sure objects from the US. These embrace blueberries and cranberries the place duties have been minimize to 5-10 per cent from 30 per cent. Equally, import obligation pertaining to meat and edible offal of turkey, frozen meat is decreased to five per cent from 30 per cent. New … Read more
Over 22.5 lakh accounts have been opened beneath the Mahila Samman Saving Certificates Scheme (MSSCS) within the first 9 months of the fiscal with a deposit of over ₹14,500 crore. The scheme was introduced within the final price range. “Mahila Samman Financial savings Certificates supplies monetary benefits to girls and encourages them to take cost … Read more
GST officers have been given extra time to situation demand notices for discrepancies in annual returns for 2018-19 and 2019-20 monetary years. On Thursday, the federal government prolonged the deadline on this regard for 2018-19 fiscal to April 30, 2024 and for 2019-20 fiscal to August 31, 2024. A notification has been issued by the … Read more
The Centre will proceed to give attention to a capex-led progress technique to help financial progress because it goes about placing into impact a roadmap for reworking the nation right into a $5-trillion financial system. This was mirrored within the 2023 year-ender for the Division of Financial Affairs within the Finance Ministry launched on Wednesday. … Read more
The Finance Ministry has imposed definitive anti-dumping obligation on sure Chinese language industrial laser machines used for reducing, marking or welding. The obligation, which is legitimate for 5 years, ranges from 24.66 per cent of Price, Insurance coverage and Freight (CIF) to 147.2 per cent of CIF, relying on the producer. One producer has escaped … Read more