News Muncher - searching for finmin

2 weeks, 6 days ago

FinMin Reveals Crypto Exchanges Evaded GST Worth Rs 824 Crore

ABP News

The government found that crypto exchanges evaded goods and services tax worth Rs 824.14 crore, a senior government official said. The Binance group firm, M/s Nest Services Limited, accounted for the largest amount of tax evasion worth Rs 722.43 crore, however, no recovery has been made yet by the finance ministry, reported Business Standard. M/s Zanmai Labs Pvt Ltd, that …

Tax Crypto Crore

3 weeks, 4 days ago

Finmin to review efficacy of windfall tax on crude oil and fuel exports

Live Mint

New Delhi, Nov 28 The Finance Ministry would review the efficacy of windfall tax on the export of petrol, diesel and Aviation Turbine Fuel as global crude oil prices have stabilised, sources said. Phenomenal profits made by some oil refiners on exporting fuel at the expense of domestic supplies had prompted the government to introduce an export tax on petrol, …

Tax Ministry Windfall Tax Windfall Crude Petrol

2 months, 3 weeks ago

E-tail boosted jobs, consumer welfare: FinMin

The Hindu

The Finance Ministry on Thursday extolled the role of e-commerce players in generating jobs and enhancing consumer welfare over the past decade, citing the same study that Commerce and Industry Minister Piyush Goyal had “completely” dissociated from last month as he flagged predatory business practices of e-tailers like Amazon that were hurting small retail stores. The Ministry’s economic review for …

India Consumer Online Ministry Noted

7 months, 4 weeks ago

Resilient economy, price stability to support India's promising growth story: FinMin report

The Hindu

Resilient growth, price stability and steady external sector outlook continue to support India's promising economic performance amid uncertain global conditions, a Finance Ministry report said on Thursday. The report said the global economic growth landscape is seeing a gradual resurgence, marked by fading fears of recession and rebounding growth in major economies. Talking about global economic growth recovery, the report …

Global India Economic Merchandise Exports Growth Price

8 months, 3 weeks ago

Drop in FDI inflows mirrors global trend: Finmin

The Hindu

The decline in India’s net foreign direct investment inflows, which have dropped almost 31% to $25.5 billion over the first ten months of 2023-24, is in line with the slowdown in such investments to developing countries, the Finance Ministry has said, while holding out hope for an uptick in investments this year. While overall global FDI flows rose 3% to …

Global India Investment Developing Countries Ministry 2023 Flows

9 months ago

Real GDP growth may hit 8% this fiscal year, signals FinMin

The Hindu

India’s economy may well end up growing by about 8% this fiscal, outstripping the 7.6% real GDP growth projected by the National Statistical Office, the Finance Ministry signalled on Friday, citing the continuing momentum in economic activity in the ongoing final quarter of 2023-24. Despite risks such as “hardening crude oil prices” and “global supply chain bottlenecks to trade”, the …

India Inflation Ministry Nso

9 months, 4 weeks ago

’Every 2nd day, new college...’: FinMin on India’s growth in education sector

Live Mint

Finance Minister Nirmala Sitharaman on Saturday inaugurated the fifth campus of the Birla group-run engineering institute BITS Pilani in Kalyan, Maharashtra. "Since 2014, one new IIT/IIM is opened every year, every week 1 new university is built in India, every third day 1 Atal Tinkering lab is opened, every second day 1 new college is being constructed, every day 1 …

India Campus Sitharaman Education Sector

10 months, 2 weeks ago

Show sensitivity to exporters in view of Red Sea crisis: Finmin to PSU banks

The Hindu

Financial Services Secretary Vivek Joshi has asked public sector banks and insurance companies to deal with sensitivity the cases of trade finance and insurance to exporters who are facing problems on account of the Red Sea crisis. "In view of the Red Sea crisis, we have asked public sector banks and insurance companies to take into consideration the problem because …

Insurance Trade Red Route Joshi Banks Red Sea

10 months, 3 weeks ago

Indian economy to grow close to 7% in FY25, hit $7 trillion by 2030: FinMin

Live Mint

Even as the finance ministry expects FY24 economic growth to exceed the central bank’s projection of 7%, it also expects growth in the following year, FY25, to be close to 7%, even though geopolitical risks could lead to supply chain disruptions and a rise in inflation. The ministry’s latest monthly economic review also said that under reasonable assumptions, India can …

Global India Economy Growth Reforms Indian Economic

11 months ago

FinMin Raises Import Duties On Gold, Silver Findings, Coins Of Precious Metals To 15%

News 18

The Finance Ministry has hiked import duties on gold and silver findings and coins of precious metals to 15 per cent from the existing 10 per cent. Import duty on gold and silver findings and coins of precious metals will now be 15 per cent. This includes Basic Custom Duty of 10 per cent and 5 per cent of AIDC, …

Precious Metals Cent Coins Of Precious Metals Silver Findings

1 year ago

FinMin revises letter, scotches PSU bank merger speculation

Live Mint

The Union finance ministry has rectified the agenda of a parliamentary committee meeting scheduled for early next year, putting an end to speculation of a potential merger of public sector banks—UCO Bank with Union Bank of India, and Bank of India with Bank of Maharashtra. In a letter addressed to, among others, the bank chiefs of the four PSU banks …

India Bank Union Banks Merger Letter Union Bank

1 year ago

Banks write off ₹10.57 lakh crore in 5 years, make NPA recovery worth ₹7.17 lakh cr: FinMin

The Hindu

Banks have written off ₹10.57 lakh crore during the last five financial years, of which ₹5.52 lakh crore was in respect of loans pertaining to large industries, the government informed the Parliament on Tuesday. "As per RBI data, scheduled commercial banks have written off an aggregate loan amount of ₹10.57 lakh crore during the last five financial years," Minister of …

Crore Banks Lakh Written Npa Karad Scheduled Commercial Banks

1 year, 2 months ago

India’s FY24 economic outlook bright, strong but global headwinds remain: FinMin

Hindustan Times

New Delhi: India’s macroeconomic outlook for FY24 is “bright” on “strong” domestic fundamentals but external risks arising due to the recent war in West Asia, further tightening of interest rates by the US and vagaries of weather could adversely impact the country’s economy, Union finance ministry said on Monday. Citing the International Monetary Fund’s projection earlier this month, which upgraded …

Global India Inflation Economic Prices Food Inflation Rbi

1 year, 3 months ago

Friction in bilateral relations won’t affect investment flows: FinMin official

Live Mint

NEW DELHI : The diplomatic row over the killing of a Sikh leader in British Columbia will not affect the flow of Canadian investments into India, a senior finance ministry official said on Tuesday. Secondly, Canada’s pension fund and other investments into India are small and are not critical to the Indian economy," said the official, who spoke on condition …

India Canada Investment Pension Indian Investments Canadian

1 year, 4 months ago

Morning Digest | Food prices to cool soon, says FinMin; Piyush Goyal cautions protesting onion farmers against ‘political opponents’, and more

The Hindu

U.S. will issue record number of visas this year, says Eric Garcetti The United States will issue a record number of visas in 2023, said U.S. Inflation pressures may linger, but food prices to cool soon: FinMin India’s inflation woes are not over yet but food price spikes may be “transitory”, the Finance Ministry said on August 22, attributing the …

India Supreme Court Congress Indian State Bench Onion Farmers

1 year, 4 months ago

Madras High Court Directs FinMin, CBDT To Decide On Exempting Agricultural Cooperative Credit Societies From TDS Deduction

Live Law

The Madras High Court has directed the Finance Ministry and Central Board of Direct Taxes to take action on exempting primary agricultural cooperative credit societies from TDS deduction on cash withdrawals received from the Central Cooperative Bank for distribution to the beneficiaries.The bench of Justice R. Suresh Kumar has disposed of the writ petitions with a direction that a. The …

Tamil Nadu Bank Tamil Cooperative Central Nadu Madras High Court

1 year, 4 months ago

‘No plan to extend’: Deadline to exchange ₹2,000 notes on Sept 30, says FinMin

Hindustan Times

The finance ministry on Monday said there is no proposal to extend the deadline for the exchange of ₹2,000 notes beyond September 30, 2023. The Reserve Bank, in a surprise move, on May 19 announced withdrawal of ₹2,000 notes from circulation but gave public time till September 30 to either deposit such notes in accounts or exchange them at banks. …

Rbi Notes Exchange

1 year, 7 months ago

Sharad Pawar takes back his decision to resign as NCP national president

The Hindu

Sharad Pawar on May 5 took back his decision to resign as NCP national president. J&K decision by India slammed door shut, even for those advocating talks in Pakistan, says Bilawal Zardari Bhutto India’s decision to reorganise Jammu and Kashmir in August 2019 has made it “difficult” for those in Pakistan who advocated engagement in the past, said Pakistan Foreign …

Finance India Mumbai Pakistan Aadhaar Congress National

1 year, 7 months ago

FinMin permits 22 finance companies to undertake Aadhaar-based verification of clients

The Hindu

The Finance Ministry has allowed 22 financial companies, including Amazon Pay and Hero FinCorp, to undertake Aadhaar-based authentication of clients. These 22 financial companies include Godrej Finance, Amazon Pay Pvt Ltd, Aditya Birla Housing Finance, Tata Motors Finance Solution, IIFL Finance and Mahindra Rural Housing Finance Ltd. Nangia Andersen LLP partner, Sandeep Jhunjhunwala said that while Aadhaar authentication of clients …

Finance Aadhaar Companies Jhunjhunwala Reporting Entities Permits 22

1 year, 9 months ago

Will take up SVB-linked startups woes with FinMin, says Rajeev Chandrasekhar

Live Mint

Union Minister of State for Electronics and Information Technology Rajeev Chandrasekhar on Tuesday said that the ministry will take up woes of Indian startups impacted by the Silicon Valley Bank collapse with the finance ministry to help them navigate through the crisis and address the immediate liquidity crunch they are facing. The minister asked startups to explore ways to use …

Indian Startups Chandrasekhar Svb

1 year, 9 months ago

Govt ropes in cryptocurrency trade in PMLA. How does it help market, investors

Live Mint

Finance Ministry has tweaked the anti-money laundering law by bringing cryptocurrencies and other virtual digital assets trade under the ambit. Also, the safekeeping or administration of virtual digital assets and the participation in financial services related to the offer and sale of virtual digital assets --- will be covered under the Act. Punit Agarwal, Founder of KoinX said, "The Government …

India Assets Digital Virtual Vda Crypto Industry Virtual Digital Assets

1 year, 11 months ago

Total govt debt rises to Rs 147 lakh cr in Q2: FinMin Report

Deccan Chronicle

NEW DELHI: The total liabilities of the government increased to Rs 147.19 lakh crore at September-end from Rs 145.72 lakh crore at the end of June this fiscal year, according to the latest data on public debt. Public debt accounted for 89.1 per cent of total gross liabilities at September-end 2022, up from 88.3 per cent as on June 30, …

Securities Crore Cent Quarter 2022 Government Securities Public Debt

2 years, 1 month ago

FinMin extends ITR filing deadline for companies till Nov 7

Deccan Chronicle

NEW DELHI: The Finance Ministry on Wednesday extended the deadline for filing income tax returns for the assessment year 2022-23 by businesses till November 7. The Central Board of Direct Taxes, the apex decision-making body in matters of income and corporate tax, in a notification said since it had last month extended the deadline for filing audit reports, hence the …

Tax Filing 2022 Itr Cbdt

2 years, 2 months ago

Govt Defers Additional Rs 2 Excise Duty On Petrol, Diesel; FinMin Issues Notification

News 18

The government has delayed the levy of a Rs 2 excise duty on unblended petrol by one month to November 1, and on unblended diesel by 6 months to April 1 next year, according to a notification by the finance ministry. According to the Gazette notification issued late on Friday, the finance ministry said “petrol which is intended for retail …

Duty Fuel Petrol Diesel Excise Litre Ethanol

Filters

Search results for finmin

FinMin Reveals Crypto Exchanges Evaded GST Worth Rs 824 Crore

Finmin to review efficacy of windfall tax on crude oil and fuel exports

E-tail boosted jobs, consumer welfare: FinMin

Resilient economy, price stability to support India's promising growth story: FinMin report

Drop in FDI inflows mirrors global trend: Finmin

Real GDP growth may hit 8% this fiscal year, signals FinMin

’Every 2nd day, new college...’: FinMin on India’s growth in education sector

Show sensitivity to exporters in view of Red Sea crisis: Finmin to PSU banks

Indian economy to grow close to 7% in FY25, hit $7 trillion by 2030: FinMin

FinMin Raises Import Duties On Gold, Silver Findings, Coins Of Precious Metals To 15%

FinMin revises letter, scotches PSU bank merger speculation

Banks write off ₹10.57 lakh crore in 5 years, make NPA recovery worth ₹7.17 lakh cr: FinMin

India’s FY24 economic outlook bright, strong but global headwinds remain: FinMin

Friction in bilateral relations won’t affect investment flows: FinMin official

Morning Digest | Food prices to cool soon, says FinMin; Piyush Goyal cautions protesting onion farmers against ‘political opponents’, and more

Madras High Court Directs FinMin, CBDT To Decide On Exempting Agricultural Cooperative Credit Societies From TDS Deduction

‘No plan to extend’: Deadline to exchange ₹2,000 notes on Sept 30, says FinMin

Sharad Pawar takes back his decision to resign as NCP national president

FinMin permits 22 finance companies to undertake Aadhaar-based verification of clients

Will take up SVB-linked startups woes with FinMin, says Rajeev Chandrasekhar

Govt ropes in cryptocurrency trade in PMLA. How does it help market, investors

Total govt debt rises to Rs 147 lakh cr in Q2: FinMin Report

FinMin extends ITR filing deadline for companies till Nov 7

Govt Defers Additional Rs 2 Excise Duty On Petrol, Diesel; FinMin Issues Notification