United Nations, Oct 12 (IANS) India will continue to be the world’s fastest growing major economy, clocking a growth rate of 9.5 per cent this fiscal year and 8.5 per cent in the next, according to the International Monetary Fund (IMF)
New Delhi, Oct 11 (IANS) The Ministry of Finance on Monday released the seventh monthly installment of Post Devolution Revenue Deficit (PDRD) Grant of Rs 9,871 crore to the states. With the release of this installment, a total amount of Rs
Mumbai, Sept. Sep 26 (IANS) India needs a lot more banks and a lot more large sized ones to meet the growing needs of the country needs in the path of making a smart recovery post pandemic disruptions, Finance Minister Nirmala
New Delhi, Sep 16 (IANS) The government has approved providing Rs 30,600 crore as state guarantee for the security receipts issued by the bad bank, National Asset Reconstruction Company Ltd (NARCL). The government guarantee mechanism was approved by the Union cabinet
New Delhi, Sep 9 (IANS) The Central Board of Direct Taxes (CBDT) has extended deadlines for several compliances, including the filing of Income Tax returns for the Assessment Year (AY) 2021-22. On consideration of difficulties reported by the taxpayers in filing
New Delhi, Sep 8 (IANS) The Centre has finalised the Book Running Lead Managers (BRLM) for the much awaited initial public offering (IPO) of Life Insurance Corporation of India (LIC). The selected BRLM include Kotak Mahindra Capital Company Ltd, Goldman Sachs
New Delhi, Sep 1 (IANS) India’s gross GST revenue collection remained above the psychological mark of Rs 1 lakh crore for the second consecutive month, clocking Rs 1,12,020 crore in August 2021, as economic activity picked up pace post the second
New Delhi, Aug 31 (IANS) Chief Economic Adviser (CEA) K.V. Subramanian on Tuesday said that India will not be affected by the possible tapering of the easy monetary policy by the US Federal Reserve by the end of this year. Citing
Mumbai, Aug 31 (IANS) The Reserve Bank of India (RBI) will fine tune liquidity operations from time-to-time, when needed, Governor Shaktikanta Das said on Tuesday. Addressing the FIMMDA-PDAI Annual Conference, he said that the Reserve Bank will endeavour to ensure adequate
New Delhi, Aug 31 (IANS) Low base, along with pent-up demand as well as easier Covid restrictions, lifted India’s first quarter FY22 GDP growth rate to 20.1 per cent. In 2020, the pandemic had battered the country’s GDP which had contracted
New Delhi, Aug 22 (IANS) The Ministry of Finance has summoned Infosys MD and CEO, Salil Parekh on Monday over continuing glitches in the new income tax e-filing portal. In a tweet, the Income Tax Department also said that the portal
New Delhi, Aug 22 The Ministry of Finance has summoned Infosys MD and CEO, Salil Parekh on Monday over continuing glitches in the new income tax e-filing portal. In a tweet, the Income Tax Department also said that the portal
New Delhi, Aug 19 The Ministry of Finance has amended the Income Tax Rules to allow resolution professionals appointed by the National Company Law Tribunal (NCLT) to verify the tax returns of companies undergoing bankruptcy. The Income-tax (24th Amendment) Rules,
New Delhi, Aug 12 (IANS) Exuding confidence that the targets for the proposed strategic sales would be achieved, Finance Minister Nirmala Sitharaman said on Thursday that the government is undertaking all the “necessary rigorous” work to complete the planned privatisation processes
New Delhi, Aug 12 (IANS) The Ministry of Power has issued an advisory to all Central Ministries of the government to direct organisations under their administrative control to ensure they switch over to Prepaid Smart Meters on priority. As part of
New Delhi, Aug 4 (IANS) The Indian government, the Central Water Commission, representatives from 10 participating states, and the World Bank on Wednesday signed a $250 million project for long-term dam safety programme and improving the safety and performance of existing
New Delhi, July 28 (IANS) With the Union Cabinet approving amendments to the Limited Liability Partnership Act, experts and industry stakeholders have lauded the move and said that decision is a major development towards ease of doing business. “Amendment in LLP
New Delhi, June 28 (IANS) At a time when the tourism sector has been among the worst-hit segments in the economy and small stakeholders have been facing financial difficulties, Finance Minister Nirmala Sitharaman, on Monday, announced that loans will be provided
New Delhi, April 2 The Ministry of Finance released Rs 45,000 crore as additional devolution to states in FY 2020-21. An official statement said that this is an increase of 8.2 per cent over Revised Estimate 2020-21. As per RE
New Delhi, March 31 In a relief for taxpayers, the Centre has again extended the deadline for linking of Aadhaar number with the Permanent Account Number (PAN) till June 30 this year. The previous deadline ended on Wednesday, March 31.
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