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News
Finance Ministry
Finance Ministry News
Finance Ministry
22 Oct 2024
Finance Minister Approves Creation Of Chief General Manager Posts In 5 Banks
Prior to this, CGM posts were available in six out of eleven nationalized banks.
Finance Ministry
03 Oct 2024
Finance Ministry's BIG Step For Central Govt Pensioners; Issues THIS Directive
The finance ministry in an office memorandum (OM) has directed banks to ensure timely disbursement of pensions and family pensions, i.e by the end of every month.
direct tax
24 Sep 2024
Supreme Court Disposes of 573 Direct Tax Cases; 4,300 Disputes To Be Withdrawn
Following the Budget announcement, the CBDT and CBIC issued the necessary orders to raise the monetary limit for filing appeals in their respective domains.
Breaking News
04 Sep 2024
SEBI Chief Row: Staff complains of toxic work culture to finance ministry
LGBTQIA+
30 Aug 2024
LGBTQIA+ Couples Can Open Joint Bank Accounts; Name Partner As Nominee: Govt
Big boost to LGBTQIA+ Couples! Finance ministry says they can open joint bank account and even name their partners as nominee.
Budget 2024
07 Aug 2024
Centre's BIG TAX Move Soon On Property Transaction Amid Indexation Row
In the Finance Bill, Sitharaman proposed a flat long-term capital gains tax of 12.5 percent with no indexation benefits.
General Provident Fund
04 Jul 2024
Finance Ministry Announces Interest Rates For GPF, Other Provident Funds
The Senior Citizen Savings Scheme (SCSS) will maintain its interest rate at 8.2 per cent while the National Savings Certificate (NSC) will continue at 7.7 per cent.
Finance Ministry
03 Jul 2024
Govt Bonds Worth Rs 28,000 Crore Coming Up For Sale On Friday
The government will have the option to retain additional subscriptions up to Rs 2,000 crore against each of the three securities.
government bond
09 Apr 2024
Govt Bonds Worth Rs 30,000 Crore To Come Up For Auction On April 12
The government will have the option to retain additional subscriptions up to Rs 2,000 crore against each of these securities.
Finance Ministry
08 Apr 2024
Govt Bonds Worth Rs 30,000 Crore To Come Up For Auction On April 12
The government will have the option to retain additional subscriptions up to Rs 2,000 crore against each of these securities.
Income Tax department
10 Mar 2024
I-T Department Uncovers Cases Of Inadequate Tax Payments; Check Deadline Date
Persons/entities who are not registered on the e-filing website have to first register themselves on the e-filing website.
16th Finance Commission
14 Feb 2024
India’s 16th Finance Commission Holds First Meeting Chaired By Arvind Panagari
The commission, constituted by the president to define the financial relations and tax sharing formula between the Central government and the states.
GDP
29 Jan 2024
India To Become 3rd Largest Economy With GDP Of USD 5 Trillion In 3 Years
Ten years ago, India was the 10th largest economy in the world, with a GDP of USD 1.9 trillion at current market prices.
Income Tax
01 Jan 2024
Record 8.18 Crore ITRs Filed For Assessment Year 2023-2024 Till Dec 31: FinMin
The Ministry of Finance also today said that a large number of taxpayers did their due diligence by comparing data of their financial transactions by viewing their Annual Information Statement (AIS) and Taxpayer Information Summary (TIS).
Indian Finance Ministry
31 Dec 2023
Indian Finance Ministry Cracks Down On THESE Crypto Exchanges
The nine crypto exchanges in question are Binance, Kucoin, Huobi, Kraken, Gate.io, Bittrex, Bitstamp, MEXC Global, and Bitfenex.
Bank holidays
05 Dec 2023
Banks Will Open 5 Days In A Week? Check What Banking Association Has Demanded
Since 2015, Indian banks have observed public holidays on the second and fourth Saturday of every month, leading to a two-day weekend.
electoral bonds
01 Oct 2023
Electoral Bonds To Open For Sale On October 4: Check Eligibility, And Process
In an effort to make political funding more transparent, electoral bonds have been proposed as a substitute for financial contributions to political parties.
Income Tax
14 Jul 2023
FM Nirmala's BIG Announcement: 'No I-Tax For Those Earning Up To THIS Much '
FM in a tweet said, ''Under the new regime, there is no income tax to be paid for annual income up to Rs 7 lakh, which effectively increases to Rs 7.27 lakh with marginal relief provisions.''
Technology news
03 Jul 2023
Centre Reduces GST Rates On Electronic Items: Here’s How Much You Save
GST was implemented back in 2017. On its sixth anniversary, Centre has reduced GST rates on electronic items. Mobile phones will become cheaper with 12 percent GST.
Online gaming
27 Apr 2023
FinMin Considering To Levy Differential GST Rate On Online Games
The absence of a clear definition often leads to tax notices being sent to online game portals and subsequent litigations.
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