Accelerated economic recovery along with enhanced compliance pushed India’s FY22 tax collection to Rs 27.07 lakh crore, almost Rs 5 lakh crore above the Union budget’s estimate of Rs 22.17 lakh crore. New Delhi, April 8 (IANS) Accelerated economic recovery along
New Delhi, Feb 9 (IANS) A total of 71,06,743 subscribers have been enrolled under Atal Pension Yojana (APY) up to January 24, 2022, during the financial year 2021-22 as per the Pension Fund Regulatory and Development Authority (PFRDA) as compared to
Sensing immense opportunities in new-age businesses, startups and local manufacturing amid the pandemic-induced digital transformation, the government on Tuesday outlined a tech-driven Union Budget to fast-track the goal of achieving a $5 trillion economy by 2025. New Delhi, Feb 1
TAX RELIEF TO PERSONS WITH DISABILITY TAX DEDUCTION LIMIT ON EMPLOYER’S CONTRIBUTION TO NPS ACCOUNT OF STATE GOVERNMENT EMPLOYEES INCREASED TO 14% FROM 10% INCOME FROM VIRTUAL DIGITAL ASSETS TRANSACTIONS TO BE TAXED AT 30% NEW STEPS TO AVOID REPEAT
As of end-November 2021, India was the fourth largest foreign exchange reserves holder in the world after China, Japan, and Switzerland, the Economic Survey 2021-22 has noted. New Delhi, Jan 31 (IANS) As of end-November 2021, India was the fourth largest
New Delhi, Jan 29 (IANS) The Ministry of Finance on Friday granted additional borrowing permission of Rs 7,309 crore to Rajasthan and Andhra Pradesh for undertaking stipulated reforms in the power sector. While Rajasthan has been allowed to borrow an additional
New Delhi, Jan 29 (IANS) Security Printing and Minting Corporation of India Limited (SPMCIL), under its modernisation initiatives, has set up ‘new bank note printing lines’ each at Currency Note Press, Nashik and Bank Note Press, Dewas. Meera Swarup, Special Secretary
Gurugram, 18th January 2022: Ministry of Finance, Government of India, had launched a programme in June 2021 to allow additional borrowing space to State Governments, which is conditional on them undertaking and sustaining specific reforms in the power sector. REC Ltd is
New Delhi, Jan 7 (IANS) India’s economy is estimated to clock a growth of 9.2 per cent in terms of real GDP for FY22, official data showed on Friday. In 2020-21, India’s economy had contracted by (-)7.3 per cent. On Friday,
New Delhi, Jan 1 (IANS) The announcement by Revenue Secretary Tarun Bajaj on the last day of 2021 seems to have worked, as 46.11 lakh Income Tax Returns (ITRs) were filed on December 31, 2021, taking the overall total to 5.89
New Delhi, Dec 20 (IANS) The mega IPO of Life Insurance Corporation of India (LIC) will be out by the end of the current fiscal, a senior Central government official said on Monday. According to Tuhin Kanta Pandey, Secretary, Department of
New Delhi, Nov 30 (IANS) Healthy monsoon season along with pent-up demand accelerated India’s Q2FY22 GDP growth rate to 8.4 per cent on a year-on-year basis. India’s GDP growth rate had fallen by 7.4 per cent during the corresponding period of
New Delhi, Nov 24 (IANS) India and the Asian Development Bank have signed a $300 million loan to strengthen and improve access to comprehensive primary health care in urban areas of 13 states that will benefit over 256 million urban dwellers
Mumbai, Nov 16 (IANS) In a much-lauded gesture, Union Minister of State for Finance Dr Bhagwat K. Karad, rushed to the help of a co-passenger who took ill on a flight early on Monday. The incident happened on IndiGo flight 6E171
New Delhi, Nov 15 (IANS) Two days after Prime Minister Narendra Modi chaired a high-level review meeting in connection with crypto currency, the Parliamentary Standing Committee on Finance on Monday discussed the same with industry experts, association heads and stakeholders. After
Mumbai, Nov 13 (IANS) Reserve Bank of India has received a healthy response for its customer centric initiative of ‘Retail Direct Scheme’. The scheme provides a new medium of investment in government securities. In a tweet, RBI on Saturday said: “Encouraging
New Delhi, Nov 12 (IANS) Seven states — Chhattisgarh, Kerala, Madhya Pradesh, Meghalaya, Punjab, Rajasthan and Telangana — have achieved the target set by the Ministry of Finance for the capital expenditure upto 2nd Quarter of 2021-22. As an incentive, these
Lucknow, Nov 4 (IANS) Hours after the Centre announced reduction in excise duty on fuel, the Yogi Adityanath government in Uttar Pradesh also took a decision to further slash fuel prices. Diesel and petrol in Uttar Pradesh will now be cheaper
Government announces Excise Duty reduction on Petrol and Diesel on the eve of Diwali Excise duty on Petrol and Diesel to be reduced by Rs. 5 and Rs. 10 respectively from tomorrow Prices of Petrol and Diesel will come down
Mumbai, Oct 24 (IANS) The second wave of the Covid-19 pandemic posed challenges for banks like increase in overdue levels and higher infection rates among employees, impacting collections and resulting in higher slippages and some increase in the restructured book. However,
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