Page 9 of Finance Ministry

Economy on strong footing: Finance Ministry

It asserted that growth and stability concerns for India are less than that of the world at large halfway into…

Updated: October 23, 2022 10:06 IST

inflation, rbi, indian economy, finance ministry,

Worsening geo-political crisis could fuel inflation, cautions FinMin report

During the same period, it said, the INR depreciated by 5.4 per cent against the USD, less than the depreciation…

October 22, 2022 17:49 IST

Finance Ministry seeks trade, industry suggestions on taxes for 2023-24 Budget

The deadline for sending suggestions for changes in the duty structure, rates and broadening of tax base on both direct…

October 18, 2022 19:05 IST

finance ministry, Budget for FY23, revised estimate for Budget for FY23, interest rate

H2 – Prudent spending to be norm

Meanwhile, the Centre’s total expenditure shrank by 3% on year in August, as revenue spending dropped by 4% whereas capital…

Updated: October 9, 2022 08:07 IST

Modi govt releases Rs 7,183 cr revenue deficit grant to 14 states; check which states got most and least funds

For this fiscal, 14 states have been recommended, excluding Haryana, Karnataka, and Tamil Nadu. The eligibility of the states has…

October 6, 2022 17:49 IST

free ration scheme, pds, pds scheme, food inflation,

Avoidable extension

The govt has ignored the finance ministry’s view that the distress that PMGKAY remedied is no longer prevalent

September 30, 2022 05:30 IST

The finance ministry in its note also observed that “already there is a fiscal pressure due to the Russia-Ukraine war, (its) effect on fuel prices, rise in other subsidies, etc”.

Despite Finance Ministry’s red flags over free ration scheme, Modi Cabinet go ahead

“Continuation of this (PMGKAY) over a long period of time may give an impression of its permanent or indefinite continuation…

September 29, 2022 03:15 IST

Step up e-auction in default cases: Finance Ministry

“There were certain technical issues relating to the portal that had cropped up. These are being fixed urgently,” said an…

September 25, 2022 06:30 IST

opening of GST portal, gst portal, pre-GST indirect tax regime

SC gives finance ministry 30 more days for opening of GST portal

It’s the credit that taxpayers have carried forward from the erstwhile indirect tax regime and the estimated value of genuine…

September 3, 2022 05:15 IST

Government decides not to extend anti-dumping duty on ammonium nitrate from 3 nations

The commerce ministry’s investigation arm DGTR had conducted a probe to review the need for continuing imposition of anti-dumping duty…

September 1, 2022 15:24 IST

Govt yet to decide on extending free food grains scheme beyond September: Finance Secretary

The free food grains are provided over and above the normal quota given under the NFSA at a highly subsidised…

August 31, 2022 23:00 IST

‘Strategic sector’ concept added to overseas investment rules

The strategic sector will include energy, natural resources and such other sectors as may be decided by the government periodically

August 24, 2022 07:36 IST

India better placed on growth-inflation-external balance triangle: FinMin report

The report added that global investor confidence in India’s economic landscape is further endorsed by net foreign direct investment (FDI)…

Updated: August 19, 2022 22:16 IST

Commerce ministry to push for direct tax sops under DESH Bill

In the past, the revenue department often flagged losses of potential revenue due to support being extended to SEZs.

Updated: August 10, 2022 13:21 IST

Pumps of capacity higher than 7.5 HP can also be installed, however, the financial support will be limited to 7.5 HP capacity. (File)

Govt agrees to give financial assistance for solar agri pumps up to 15 HP under PM-KUSUM, says minister

In 2019, the government launched the Pradhan Mantri Kisan Urja Suraksha evam Utthaan Mahabhiyan (PM-KUSUM) Scheme with 3 components.

August 2, 2022 17:46 IST

Debt risk profile prudent, despite high interest outgo: Finmin

Total liabilities of the general government (both the Centre and states) spiked to 86.3% of the country’s nominal GDP in…

July 26, 2022 07:49 IST

Pre-packed, labelled food items of less than 25 kg/litre to attract 5% GST

In a detailed frequently asked questions (FAQs), finance ministry said, “GST would apply on such specified goods where the pre-packaged…

July 19, 2022 08:25 IST

Pre-packed, labelled cereals, pulses, flour weighing more than 25 kg exempt from 5% GST: FinMin

The Central Board of Indirect Taxes and Customs on Sunday late night issued FAQs clarifying various doubts and said only…

Updated: July 18, 2022 11:08 IST

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