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.
New Delhi, April 1 Centre has withdrawn its decision to lower the small savings rate for the April-June quarter. “Interest rates of small savings schemes of GoI shall continue to be at the rates which existed in the last quarter
New Delhi, Feb 17 (IANS) The Central Board of Direct Taxes (CBDT) has so far issued over Rs 1,93,455 crore in refunds to over 1.90 crore taxpayers from April 1 till February 15, the Income Tax department said on Wednesday. As
New Delhi, Feb 16 The Ministry of Finance on Monday released the 16th weekly instalment of Rs 5,000 crore to the states to meet the GST compensation shortfall. Out of this, an amount of Rs 4,597.16 crore has been released
New Delhi, Jan 29 Access to bare necessities has improved across the country and is highest in Kerala, Punjab, Haryana and Gujarat, while it is lowest in Odisha, Jharkhand, West Bengal and Tripura, the economic blueprint by Finance Ministry’s Chief
New Delhi, Jan. Jan 25 The Ministry of Finance has released the 13th weekly instalment of Rs 6,000 crore to the states on Monday to meet the GST compensation shortfall. Out of this, an amount of Rs. 5,516.60 crore has
New Delhi, Jan 11 Middle class tax payers may get a lot to cheer about the Budget proposals to be presented by Finance Minister Nirmala Sitharaman next month. Sources said that the Budget 2020-21 may take the sops announced earlier
New Delhi, Nov 12 In a bid to boost housing sales, Finance Minister Nirmala Sitharaman on Thursday announced an increase in the permitted differential between the circle rale and the agreement value of housing units to 20 per cent from
New Delhi, Nov 12 India’s overall workforce confidence is rising steadily as a new report on Thursday said that one in three professionals in the country are now expecting an increase in their earned income, personal spending, and recurring debt
New Delhi, Sep 8 K Rajaraman, Additional Secretary for Investment and IER in the Department of Economic Affairs, Ministry of Finance, has said that there is a need to create an environment for fintech companies to partner large financial institutions
New Delhi, Sep 4 Moving ahead with its cost-cutting measures amid a slowing economy and falling revenues, the Department of Expenditure has banned creation of new posts in all Central ministries, departments and statutory bodies. In an office memorandum on
New Delhi, Aug 17 The Department of Expenditure, under the Finance Ministry, has come up with draft guidelines for regulation of salaries of retired Central government employees, appointed on contract or as consultants, with the government. The office memorandum with
New Delhi, Aug 12 Prime Minister Narendra Modi will launch a platform to honour honest taxpayers on Thursday. The launch of the platform for ‘Transparent Taxation – Honoring the Honest’ will further carry forward the journey of direct tax reforms,
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.
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