New Delhi, May 31 The Central Board of Direct Taxes (CBDT) has notified new Income Tax Return forms for the Assessment Year 2020-21 or the financial year 2019-20. The modifications come in the backdrop of the coronavirus pandemic. In a
Mumbai, May 22 (IANS) Reserve Bank of India (RBI) Governor Shaktikanta Das on Friday said that the GDP growth rate for the financial year 2020-21 is likely to be in the negative territory due to the severe impact of the coronavirus
Mumbai, May 6 Government has nominated Tarun Bajaj, Secretary, Department of Economic Affairs, Ministry of Finance, as a Director on the Central Board of Reserve Bank of India. He replaces Atanu Chakraborty to the position in the Reserve Bank of Indian
New Delhi, April 3 The State Bank of India has decided to allow withdrawals from Jan Dhan accounts only in a staggered manner to prevent rush of account holders looking for cash during the difficult period of Covid-19 induced lockdown.
Chennai, April 4 (IANS) The Central government has extended the validity of Forms 15G and 15H submitted by fixed deposit holders during fiscal 2019-20, till June 30, a senior official of the All India Bank Employees’ Association (AIBEA) said on Saturday.
All retail loans including the EMI are also covered in the moratorium Credit card payment are not covered in the 3 month moratorium. Mumbai, Mar 72 The Reserve Bank of India (RBI) on Friday massively reduced the key lending rates
New Delhi, March 26 The Centre on Thursday announced a Rs 170,000 crore relief package to protect the weaker sections of the society from the economic fallout of Covid-19. Announcing the the measures of relief package, Finance Minister Nirmala Sitharaman
New Delhi, March 25 (IANS) India is said to be preparing a more than $18 billion recovery and sustainability package for its industries and large workforce in the unorganised sector, industry sources in the know said on Wednesday. Not just putting
New Delhi, March 24 (IANS) The government has reduced charges for digital trade transaction and ATM cash withdrawals to promote digital financial transactions at the time of COVID-19 pandemic. As per the decision announced by Finance Minister Nirmala Sitharaman, debit card
New Delhi, March 24 In a major relief for small and medium enterprises, the central government has raised the threshold for default under the IBC to Rs 1 crore from the current Rs 1 lakh. Addressing the media through videoconferencing
New Delhi, March 24 The Union Finance Ministry on Tuesday extended the deadline for filing income tax returns for the financial year 2018-19 till June 30, 2020 in a bid to provide relief amid the coronavirus crisis. Addressing the media
New Delhi, March 24 The Finance Ministry has issued an office memorandum to ensure smooth functioning of government expenditure system during the operation of preventive measures to contain the spread of Covid-19. It has said that as the expenditure functions
New Delhi, March 23 The Ministry of Finance has extended the deadlines for filing returns of goods and services tax (GST) in view of the coronavirus crisis and difficulties faced by taxpayers in meeting the compliance norms. The due date
SBI to invest in 49 % stakes, ICICI bank to invest 100 cr & HDFC board also investing New Delhi, March 13 The Union Cabinet on Friday approved a reconstruction plan for cash-strapped Yes Bank, under which the State Bank
New Delhi, March 3 The Appointments Committee of the Cabinet (ACC) on Tuesday approved the designation of Ajay Bhushan Pandey as the new Finance Secretary. Pandey, currently the Revenue Secretary in the Union Finance Ministry, will replace incumbent Rajiv Kumar.
New Delhi, Feb 4 Stating that most countries have multiple slabs and gradual increase in tax brackets to minimise the scope of under-reporting of income, Revenue Secretary Ajay Bhushan Pandey has said that the new system is simple and gives more
New Delhi, Jan 12 (IANS) The government is likely to opt for auctioning of more cash management bills (CMBs) to meet the debt obligations of government bonds in the next fiscal standing at Rs 3.02 lakh crore to avoid putting pressure
New Delhi, Dec 1 Ensuring smooth and timely career progression of officers of Indian Revenue Service (Customs and Central Excise), the Centre has cleared promotions of 94 officers and posted them to various positions. In its order, the Department of
New Delhi, July 7 In an effort to lower the expenditure, Finance Ministry is considering merger and discontinuation of a few more Centrally Sponsored Schemes (CSS), priortise expenditure to rationalise expenses and has allocated Rs 20,000 crore for some new
New Delhi, June 29 The government has reduced interest rates of small savings schemes by 10 bps for the July to September quarter. “On the basis of the decision of the government, interest rates for small savings schemes are to
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