Page 6 of Finance Ministry

Dearness Allowance hike July 2023: DA rates modified for CPSE employees. Full details here

Dearness Allowance Hike latest News (July 10, 2023): The Department of Public Enterprises (DPE) under the Ministry of Finance has…

July 10, 2023 10:49 IST

May Economic Review says frail global demand may challenge FY24 growth outlook

The Finance Ministry said that the factors that can constrain the pace of growth include “escalation of geopolitical stress, enhanced…

July 6, 2023 11:30 IST

India, Economy, Banks, Twin Balance Sheet, Nirmala Sitharaman

PSBs profit tripled to Rs 1.04 lakh in 9 years; need to continue momentum to fuel economy: Nirmala Sitharaman

The net profit of public sector banks (PSBs) has almost tripled to Rs 1.04 lakh crore in FY23 from Rs…

July 1, 2023 15:45 IST

GST, June GST Collection, good and services tax, gst for june, GST june collection

GST mop-up rises 12 per cent to over Rs 1.61 lakh crore in June: Finance Ministry

The revenues for June 2023 are 12 per cent higher than the GST revenues in the same month last year.

July 1, 2023 15:12 IST

GST an engine for driving consumption, helped households save on monthly bills: Govt

Giving a comparison of the tax rates of various goods pre and post-GST rollout, the government said from streamlining processes…

Updated: June 30, 2023 14:02 IST

TCS on LRS rules changed: TCS Rates, Limits for Credit Card, Foreign Tours, Medical, Education Here

TCS on LRS Transactions Rules Changed: In a welcome move, the Government has decided that there will be no change…

Updated: June 29, 2023 07:48 IST

capex, capex loan, economy, economy news, centrally sponsored schemes

Half of capex budget of Rs 10 trillion must be spent by September-end: Finance Ministry

The idea is to maximise spending in the first half of the year so that at least 50% of annual…

June 26, 2023 05:15 IST

Infrastructure Finance Secretariat launches new website for investments

According to a statement issued by the Finance Ministry, the revamped website – www.pppinindia.gov.in – was launched for its enhanced…

June 16, 2023 16:02 IST

finance ministry, GST rate rationalisation, GST Council

FinMin starts process for deciding on convenor of GST rate rationalisation GoM

The GST Council, which is headed by the Union Finance Minister and comprises state counterparts, had in September 2021 decided…

June 11, 2023 11:40 IST

Finance Ministry on same page with RBI for FY24 growth forecast, says CEA

Nageswaran said with the strengthened balance sheets of the banking and corporate sectors, more investments will take place in the…

June 10, 2023 17:21 IST

loan recovery, loan repayment, finance ministry,

Finmin: Recover loans to states on time

“Gol is obligated to repay external assistance on the due date, the delays in concurrent repayment from states/ UTs/state agencies…

May 27, 2023 01:15 IST

New Tax Regime: Exemption limit rises, here’s how it will work for private sector employees

Leave Encashment Exemption under Old and New Tax Regimes: The Finance Ministry has notified a new rule for non-government employees…

Updated: May 26, 2023 12:23 IST

External sector, weather uncertainties pose risk to growth: Finance Ministry

The forecast of a normal monsoon, surplus water reservoir levels, adequate availability of seeds and fertilisers, and robust tractor sales…

May 22, 2023 17:07 IST

FinMin operationalises amnesty scheme for traders failing to meet export obligation

The Central Board of Indirect Taxes and Customs (CBIC) asked principal commissioners/commissioners to ensure that the exporters approaching for paying…

May 18, 2023 19:12 IST

Businesses with turnover of over Rs 5 crore to generate e-invoice from August 1

The finance ministry through a notification dated May 10 has notified a reduction in threshold for e-invoicing.

Updated: May 11, 2023 11:42 IST

FinMin wants PSU banks to enhance recovery rate from written-off accounts to about 40 pc

Public sector banks (PSBs) could recover only 14 per cent of the written-off loans worth Rs 7.34 lakh crore in…

May 1, 2023 16:05 IST

India needs to be vigilant against several potential risks: FinMin Report

“It is important… to be vigilant against potential risks such as El Nino conditions creating drought conditions and lowering agricultural…

Updated: April 25, 2023 14:33 IST

World Environment Day, net zero target, carbon footprint, single-use plastic, plastic waste, sustainable practices, packaging, logistics

Finmin explores options to allow firms to deploy blended finance instruments for green projects

Last year, the Union Cabinet approved India’s updated Nationally Determined Contributions (NDCs) incorporating the Prime Minister’s ‘Panchamrit’ strategy announced at…

April 23, 2023 15:27 IST

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Book Review: World atlas of innovation

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In “The New Geography of Innovation,” Mohit Hira Mehran Gul examines the changing landscape of global innovation, showcasing success stories from diverse regions such as Silicon Valley, Seoul, and Southeast Asia. The book challenges the notion that only the US and China lead in innovation and explores the key factors that contribute to a thriving technology ecosystem.

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