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Tag "finance ministry"

Gross direct tax collections rise 30% in 2022-23, net direct tax collections up 23%

Gross direct tax collections rise 30% in 2022-23, net direct tax collections up 23%

🕔15:10, 18.Sep 2022

New Delhi, Sep 18 (IANS) Gross direct tax collections till 2022-23 as on September 17 stood at Rs 8.36 lakh crore, witnessing a growth of 30 per cent over collections of corresponding period of last year. Net direct tax collections stood

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Finance Minister urges banks to ‘professionalise’ decision-making boards

Finance Minister urges banks to ‘professionalise’ decision-making boards

🕔06:37, 17.Sep 2022

New Delhi, Sep 17 (IANS) Finance Minister Nirmala Sitharaman on Friday directed banks to “professionalise” their decision making boards, making it clear that they cannot be run with a “crony background”. Addressing the 75th Annual General Meeting (AGM) of Indian Banks’

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Finance Minister calls for training of tax personnel for better tech usage

Finance Minister calls for training of tax personnel for better tech usage

🕔07:03, 15.Sep 2022

New Delhi, Sep 15 (IANS) Finance Minister Nirmala Sitharaman on Wednesday lauded the efforts of the Central Board of Indirect Tax and Customs (CBIC) and underlined the need for training personnel for better utilisation of Artificial Intelligence and data analytics. “You

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GST collections stood at Rs 1,43,612 cr in Aug

GST collections stood at Rs 1,43,612 cr in Aug

🕔14:43, 1.Sep 2022

New Delhi, Sep 1 (IANS) The gross GST revenue collections in August witnessed a 28 per cent jump year-on-year basis, as they stood at Rs 1,43,612 crore during the month. According to figures released by Finance Ministry on Thursday, GST collections

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Economy on course to achieve 7% growth in 2022-23: Finance Secretary

Economy on course to achieve 7% growth in 2022-23: Finance Secretary

🕔06:58, 1.Sep 2022

New Delhi, Sept 01 (IANS) India’s economy is on course to achieve 7 per cent growth in 2022-23, Finance Secretary T.V. Somanathan said on Wednesday. Addressing a press conference after the release of GDP data on Wednesday, which showed that first

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Sitharaman describes Jan Dhan scheme as major step in financial inclusion

Sitharaman describes Jan Dhan scheme as major step in financial inclusion

🕔11:52, 29.Aug 2022

New Delhi, Aug 29 (IANS) Finance Minister Nirmala Sitharaman described the Pradhan Mantri Jan Dhan Yojana (PMJDY) as a major step towards financial inclusion, informing that the programme’s success can be gauged from the fact that 46 crore bank accounts with

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Finance Minister Nirmala Sitharaman meets US Deputy Treasury Secretary

Finance Minister Nirmala Sitharaman meets US Deputy Treasury Secretary

🕔07:04, 27.Aug 2022

New Delhi, Aug 27 (IANS) Finance Minister Nirmala Sitharaman on Friday met visiting US Deputy Secretary of Treasury Wally Adeyemo and discussed India’s upcoming G-20 Presidency in 2023 and issues related to the global financial sector. Both the leaders also discussed

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Govt executing each scheme covering all eligible persons: FM

Govt executing each scheme covering all eligible persons: FM

🕔07:04, 24.Aug 2022

Kohima, Aug 24 (IANS) Union Finance Minister Nirmala Sitharaman said on Tuesday that the government attempts to implement every government scheme in such a way that all eligible citizens are covered. Addressing a bankers’ conclave and credit outreach programme in Kohima,

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No service charge on UPI, clarifies Centre

No service charge on UPI, clarifies Centre

🕔06:30, 22.Aug 2022

New Delhi, Aug 22 (IANS) The Union Finance Ministry has clarified that no service charge would be levied on UPI transactions. “UPI is a digital public good with immense convenience for the public & productivity gains for the economy. There is

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Govt reviews windfall gains tax, cuts cess on crude oil

Govt reviews windfall gains tax, cuts cess on crude oil

🕔07:25, 19.Aug 2022

New Delhi, Aug 19 (IANS) Reviewing the windfall gains tax, the government slashed cess on crude oil late on Thursday, bringing it down from Rs 17,750 per tonne to Rs 13,000 per tonne. According to a Finance Ministry notification, export duty

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Govt releases two instalments of tax devolution to states amounting to Rs 1,16,665 cr

Govt releases two instalments of tax devolution to states amounting to Rs 1,16,665 cr

🕔17:10, 10.Aug 2022

New Delhi, Aug 10 (IANS) The Centre on Wednesday released two instalments of tax devolution to the state governments amounting to Rs 1,16,665.75 crore. In a statement, the Union Finance Ministry said that the two installments have been released as against

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Rs 1.62 lakh cr likely to be monetised in current FY 2022-23 under NMP: Finance Ministry

Rs 1.62 lakh cr likely to be monetised in current FY 2022-23 under NMP: Finance Ministry

🕔16:47, 8.Aug 2022

New Delhi, Aug 8 (IANS) While transactions worth Rs 97,000 crore has been achieved under the Centre’s ambitious national monetisation pipeline in the year 2021-22, assets valuing Rs 1.62 lakh crore is envisaged to be monetised in the current financial year

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GST collection in July second highest ever

GST collection in July second highest ever

🕔18:27, 1.Aug 2022

New Delhi, Aug 1 (IANS) GST collection in July stood at Rs 1,48,995 crore, second highest since introduction of GST. The collection for July is 28 per cent higher than the GST revenues recorded in the same month last year of

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Shock-absorbing capabilities of Indian retail investors is the silver lining

Shock-absorbing capabilities of Indian retail investors is the silver lining

🕔12:37, 19.Jun 2022

On June 7, Finance Minister Nirmala Sitharaman, while speaking at an event of the Corporate Affairs Ministry as part of the ‘Azadi ka Amrit Mahotsav’, had said that retail investors seemed to act as “shock absorbers” even when foreign portfolio

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Uzbekistan to ease tariff policy for energy sector reform

Uzbekistan to ease tariff policy for energy sector reform

🕔07:07, 20.May 2022

Uzbekistan will introduce a monthly “social norm” — a limit for state-subsidised gas and electricity as a part of broader energy reform the country is facing, the government said. Tashkent, May 20 (IANS) Uzbekistan will introduce a monthly “social norm” —

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Trade pacts with UAE, Australia will fuel economic growth: FM

Trade pacts with UAE, Australia will fuel economic growth: FM

🕔05:50, 11.May 2022

Finance Minister Nirmala Sitharaman said on Tuesday the country’s trade pacts with the UAE and Australia will chart the way for economic growth. Chennai, May 11 (IANS) Finance Minister Nirmala Sitharaman said on Tuesday the country’s trade pacts with the UAE

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MoS Finance Dr. Bhagwat Kishanrao Karad inaugurates PNB branch at AURIC City, Maharashtra

MoS Finance Dr. Bhagwat Kishanrao Karad inaugurates PNB branch at AURIC City, Maharashtra

🕔19:55, 25.Apr 2022

Mumbai, Monday, April 25, 2022: Punjab National Bank (PNB), a leading Public Sector Bank in India, today opened its new branch at Aurangabad Industrial City (AURIC), Maharashtra. Dr. Bhagwat Kishanrao Karad – Minister of State (Finance) inaugurated the Bank’s branch,

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Economic slowdown: Sitharaman calls for ‘proactive collective efforts’ by G-20

Economic slowdown: Sitharaman calls for ‘proactive collective efforts’ by G-20

🕔07:08, 21.Apr 2022

Washington, April 21 (IANS) Finance Minister Nirmala Sitharaman has called for “proactive collective efforts” by the G-20 group of the world’s top economies to deal with the current slowdown in the growth momentum of the global economy. Addressing fellow ministers and

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GST Council did not recommend reducing GST on health insurance: FM

GST Council did not recommend reducing GST on health insurance: FM

🕔16:35, 5.Apr 2022

New Delhi, April 4 (IANS) The GST Council has not recommended reduction of the 18 per cent GST rate on health insurance schemes, Finance Minister Nirmala Sitharaman told the Parliament on Monday. At present, GST on health insurance services is levied

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Must appreciate Indian retail investors: Sitharaman

Must appreciate Indian retail investors: Sitharaman

🕔18:19, 4.Apr 2022

Union Finance Minister Nirmala Sitharaman on Monday, while responding during Question Hour in the Lok Sabha, said that Indian retail investors should be appreciated. New Delhi, April 4 (IANS) Union Finance Minister Nirmala Sitharaman on Monday, while responding during Question Hour

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