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Tag "finance ministry"

Sitharaman inaugurates IT-D’s new office in Srinagar

Sitharaman inaugurates IT-D’s new office in Srinagar

🕔07:37, 23.Nov 2021

Srinagar, Nov 23 (IANS) The Income Tax Department’s new Office-cum-Residential complex — The Chinars, here, was inaugurated on Monday by Finance Minister Nirmala Sitharaman in the presence of Jammu and Kashmir Lt. Governor Manoj Sinha. Dedicating the project to the people

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Wish to make GIFT city a global financial gateway: Sitharaman

Wish to make GIFT city a global financial gateway: Sitharaman

🕔12:45, 21.Nov 2021

New Delhi, Nov 21 (IANS) Union Finance Minister Nirmala Sitharaman on Saturday said that the Centre wants to make GIFT-IFSC city in Gujarat a global financial gateway. Gujarat International Finance Tec-City is a business district in the state of Gujarat. Sitharaman

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Fin Min moves to address liquidity issue of construction sector

Fin Min moves to address liquidity issue of construction sector

🕔08:01, 11.Nov 2021

New Delhi, Nov 11 (IANS) In yet another attempt to address the liquidity concerns in the construction sector, the government has decided to pay 75 per cent cent of the contract amount due to contractors even if such payment is disputed

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Over 1,700 consignments of uncleared/seized hazardous imports disposed off

Over 1,700 consignments of uncleared/seized hazardous imports disposed off

🕔07:01, 9.Nov 2021

New Delhi, Nov 9 (IANS) As part of the government’s continuing commitment to public safety, Union Finance and Corporate Affairs Minister Nirmala Sitharaman has reviewed the progress made by the Customs in the safe disposal of imports, that are hazardous in

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FM shares video to highlight digital payment revolution

FM shares video to highlight digital payment revolution

🕔07:38, 6.Nov 2021

Hyderabad, Nov 6 (IANS) The revolution in digital payment is sweeping through India with even petty shops and even roadside vendors using QR code but a video shared by Finance Minister Nirmala Sitharaman on Twitter shows even alms-seekers are not left

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Centre releases Rs 17K cr more to states as GST compensation

Centre releases Rs 17K cr more to states as GST compensation

🕔21:14, 3.Nov 2021

New Delhi, Nov 3 (IANS) The Finance Ministry on Wednesday released an amount of Rs 17,000 crore of GST compensation to states and Union Territories with legislature under the back-to-back loan facility to meet the shortfall in GST compensation. The total

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Multiple rates, applications make GST more complicated, Revenue Dept pushed to issue clarifications

Multiple rates, applications make GST more complicated, Revenue Dept pushed to issue clarifications

🕔06:44, 18.Oct 2021

New Delhi, Oct 17  Cloud kitchens are restaurants, ice cream parlours are not. Alcoholic beverage is not food or a food products. Mineral rights are taxable but the question remains whether these should be taxable at all. The GST regime

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India on path of swift recovery: FinMin report

India on path of swift recovery: FinMin report

🕔14:26, 11.Oct 2021

New Delhi, Oct 11 (IANS) As the post-pandemic economic activity in the country picks up pace, the Finance Ministry has said that India is well-placed on the path to swift recovery with growth impulses visibly transmitted to all sectors of the

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Centre releases Rs 40K cr to states in lieu of GST compensation shortfall

Centre releases Rs 40K cr to states in lieu of GST compensation shortfall

🕔19:11, 7.Oct 2021

New Delhi, Oct 7  The Finance Ministry on Thursday released an amount of Rs 40,000 crore to the states and UTs with legislature under the back-to-back loan facility to meet the shortfall in GST compensation. On July 15, an amount

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Path to recovery: GST collection for Sep at over Rs 1.17 lakh cr

Path to recovery: GST collection for Sep at over Rs 1.17 lakh cr

🕔15:03, 1.Oct 2021

New Delhi, Oct 1 (IANS) The GST collection of the government had maintained its momentum this fiscal year despite Covid disruption as a pick up in the economic recovery is shoring up corporate earnings. The gross GST revenue collected in September

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Over 3 Cr taxpayers successfully complete transactions: Infosys

Over 3 Cr taxpayers successfully complete transactions: Infosys

🕔15:15, 23.Sep 2021

Bengaluru, Sep 23 (IANS) Under fire from the Union finance ministry, Infosys on Thursday shared updates on the progress it is making on the Income Tax E-Filing Portal. It claimed that over 3 crore taxpayers have successfully completed transactions and as

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GST Council extends relief of medicines, but petroleum still out of bounds

GST Council extends relief of medicines, but petroleum still out of bounds

🕔12:02, 18.Sep 2021

Lucknow, Sep 18  In a slew of decisions, the GST Council on Friday decided to extend the applicability of concessional rates on Covid-19-related medicines but did not include petroleum products in its kitty. Briefing the media after the conclusion of

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Grant of Rs 2,427 cr released to states for urban local bodies

Grant of Rs 2,427 cr released to states for urban local bodies

🕔11:57, 18.Sep 2021

New Delhi, Sep 18  The Finance Ministry on Friday released an amount of Rs 2,427 crore to 11 states for the urban local bodies. The amount released is the 1st instalment of tied grants for the year 2021-22. These grants

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GST Council meet today: Covid relief, bringing oil and gas indirect tax regime on agenda

GST Council meet today: Covid relief, bringing oil and gas indirect tax regime on agenda

🕔17:26, 17.Sep 2021

New Delhi, Sep 17 (IANS) The GST Council will meet in Lucknow on Friday to take decisions on issues related to duty revision that were put on the back burner in earlier meetings to focus on the Covid relief measures amid

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JAM trinity catapulted banking to a different level: Nirmala Sitharaman

JAM trinity catapulted banking to a different level: Nirmala Sitharaman

🕔19:51, 16.Sep 2021

Aurangabad (Maharashtra), Sep 16  Union Finance Minister Nirmala Sitharaman on Thursday said that the ‘JAM’ (Jan Dhan-Aadhaar-Mobile) trinity has been a game changer for India, enabling them to take forward financial inclusion in a futuristic format. “By bringing the financially

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Issues in IT e-filing portal ‘progressively’ resolving: FinMin

Issues in IT e-filing portal ‘progressively’ resolving: FinMin

🕔05:21, 9.Sep 2021

New Delhi, Sep 9 The Union Finance Ministry on Wednesday said that the technical issues in the Income Tax e-filing portal are being “progressively” addressed and a positive trend has been witnessed in terms of e-filing on the portal. The ministry

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Rs 13,385.70 crore grant-in-aid released to Rural Local Bodies

Rs 13,385.70 crore grant-in-aid released to Rural Local Bodies

🕔16:14, 31.Aug 2021

New Delhi, Aug 31 The Finance Ministry has released an amount of Rs 13,385.70 crore to 25 states for providing grants to the Rural Local Bodies. This Grant-in-aid is the 1st instalment of Tied grants of the year 2021-22. The grants

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Govt extends deadline for availing GST amnesty scheme

Govt extends deadline for availing GST amnesty scheme

🕔07:45, 30.Aug 2021

New Delhi, Aug 30  The Finance Ministry has extended the last date to avail of the late fee amnesty scheme under Goods and Services Act (GST), till November 30. The scheme was due to expire on August 31. The government

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CBDT extends due dates for e-filing of various Income Tax forms

CBDT extends due dates for e-filing of various Income Tax forms

🕔21:11, 29.Aug 2021

New Delhi, Aug 29  In a relief for taxpayers, the Central Board of Direct Taxes (CBDT) has extended the due dates for filing of various electronic forms under the Income Tax Act, 1961. In a statement, the Finance Ministry said

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Finance Ministry amends FEMA norms to raise FDI limit in insurance

Finance Ministry amends FEMA norms to raise FDI limit in insurance

🕔07:31, 21.Aug 2021

Mumbai, Aug 21  The Finance Ministry has notified amendments to the Foreign Exchange Management Rules to increase in limit on foreign direct investment (FDI) in the insurance sector to 74 per cent. Currently, the cap on FDI in the insurance

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