finance ministry
Smt Nirmala Sitharaman held a meeting with ICAI delegation, led by VP Shri Aniket Sunil Talati. The MoF had invited the ICAI on Saturday to discuss various issues...
Cabinet Committee on Economic Affairs has approved the highest bid of M/s Star9 Mobility Private Ltd for sale of the entire Government shareholding (51% of shareholding) of Pawan Hans Limited (PHL) an...
GST compensation of Rs 7.35 lakh crore has been released to States till now and currently, only for the year 2021-22, compensation of Rs 78,704 crore is pending due to inadequate funds....
The Finance Minister said that given the importance of a sustained recovery, the Budget lays priority on a revival of the economy. Read more...
Information of various steps taken by the government under Minimum Government – Maximum Governance was given by the Minister of State in the Ministry of Commerce and Industry in the Lok Sabha....
The Outbound Tour Operators Association of India (OTOAI) has written to the Union Finance Minister Nirmala Sitharaman, ahead of Budget 2022, requesting certain relief measures and concessions for the ...
The Department of Expenditure, Ministry of Finance, today released monthly Post Devolution Revenue Deficit (PDRD) Grant of Rs 9871 crore to 17 States...
After an investigation by DRI, three show-cause notices have been issued to Xiaomi India for demand and recovery of duty amounting to Rs 653 crore...
the Government of India, in consultation with RBI, has decided to notify the amounts for the issuance of Treasury Bills for the quarter ending March 2022...
Smt. Nirmala Sitharaman chaired the pre-budget consultations with the Finance Ministers of States and Union Territories (with Legislature) for Union Budget 2022-23...
A formal MOU was signed between the Ministry of Corporate Affairs (MCA) and Financial Intelligence Unit-India, Ministry of Finance for data exchange...
Finance Minister will start Pre-Budget consultations with different stakeholder Groups Dec 15, 2021 in New Delhi in connection with the forthcoming General Budget 2022-23...
More than 3 crore Income Tax Returns have now been filed on the new e-Filing portal. The number of ITRs filed is 4 lakh per day and increasing every day as the extended due date of 31st December 2021...
Dr. Karad informed that merchandise exports in the first 8 months of 2021-22 have touched US$ 233 billion registering 54% growth over the previous year....
The Income Tax Department new Office at Lucknow was inaugurated by Chief Minister of Uttar Pradesh Shri Yogi Aditya Nath and Union Finance& Corporate Affairs Minister Smt Nirmala Sitharaman...
DRI officers intercepted these two passengers at the Chhatrapati Shivaji Maharaj International Airport, Mumbai, in the early hours of 26th November, 2021...
FM participated as the Chief Guest of the Investiture Ceremony for conferment of Presidential Award of Appreciation Certificates for Specially Distinguished Record of Service to the officers...
In an intelligence operation by DRI, several Indian and foreign (Chinese, Taiwanese, and South-Korean) nationals suspected to be indulging in smuggling gold ...
The Central Government has released GST Compensation of Rs. 17,000 crore to States today. Details of GST compensation released State-wise....
Directorate of Revenue Intelligence (DRI) in two different cases in October, 2021 have seized 155 kg of Hashish which had been smuggled into India from Nepal...
The search action has resulted in seizure of unaccounted cash of Rs. 3.3 crore and detection of unaccounted income exceeding Rs. 300 crore....
Ministry of Finance has released the statistics of Goods and Services Tax (GST) revenue collection for the month of September 2021....
Frequently asked questions explaining the various aspects regarding Central Government guarantee to back Security Receipts issued by National Asset Reconstruction Company Limited...
The Heads of Tax Authorities of the BRICS countries held a virtual meeting here today under the Chairship of India.Shri Tarun Bajaj, Secretary, Revenue, Government of India...
CBDT issues clarification regarding carry forward of losses in case of change in shareholding due to strategic disinvestment. Read more...
Central Board of Direct Taxes (CBDT) has decided to further extend the due dates for filing of Income Tax Returns and various reports of audit for the Assessment Year 2021-22. ...
t has been decided that applications for settlement can be filed by the taxpayers by 30th September, 2021 before the Interim Board subject to certain conditions......
Finance Ministry has announced that FM Nirmala Sitharaman will chair the 45th meeting of the GST Council on 17th September at Lucknow....
The Income Tax Department carried out a search and seizure operation on 01.09.2021 on a manufacturer and distributor of synthetic yarns and polyester chips having corporate office in Delhi...
The Monthly Account of the Union Government of India upto the month of July, 2021 has been consolidated and reports published. The highlights are given here...
The gross GST revenue collected in the month of August 2021 is ₹ 1,12,020 crore. The revenues for the month of August 2021 are 30% higher than the GST revenues in the same month last year....
The Department of Expenditure, Ministry of Finance has on Monday released an amount of Rs. 13,385.70 crore to 25 States for providing grants to the Rural Local Bodies...
Considering the difficulties being faced in issuing and amending Form no 3 under Vivad se Vishwas Act, CBDT decides to extend the last date of payment of the amount (without any additional amount) to ...
IT Department has carried out searches at 17 different premises linked to a Visakhapatnam-based group and detected undisclosed transactions worth Rs 40 Crore....
Union Minister for Finance & Corporate Affairs Smt. Nirmala Sitharaman virtually chaired the second meeting of BRICS Finance Ministers and Central Bank Governors (FMCBG) along with Governor Reserve Ba...
The Cabinet Committee of Economic Affairs, chaired by the Prime Minister Shri Narendra Modi, has approved the FDI proposal for an investment of upto ₹15,000 crore in M/s Anchorage Infrastructure Inv...
The Government has approved the Indian Banks' Association’s (IBA) proposal to increase the family pension to 30% of last salary drawn....
Smt. Nirmala Sitharaman took a meeting with Mr. Salil Parekh, MD & CEO, Infosys here today afternoon to convey the disappointment and concerns of the Government and the taxpayers about the continuing ...
Exchange Rate Notification No.68/2021-Customs determines the rate of exchange of conversion of each of the foreign currencies specified in column (2) of each of Schedule I and Schedule II annexed...
Parliament winter session: Live updates from Finance Ministry...
The International Bullion Exchange shall be the “Gateway for Bullion Imports into India”, wherein all the bullion imports for domestic consumption shall be channelized through the exchange...
Providing relief to custodians of Inland Container Depots (ICDs) and Container Freight Stations (CFSs), the CBIC streamlined the procedure of closure of these facilities...
State-wise details of the grant released this month and total amount of PDRD Grant released to the States in 2021-22 is annexed....
The scheme Vivad Se Vishwas is a voluntary scheme for resolving pending direct tax disputes amicably with the taxpayers no targets were fixed by the Government...
On digital payment ecosystem, the Minister stated that the total volumes of digital payments have also increased from 1459.02 crore in FY 2017-18 to 4371.18 crore in FY 2020-21 ...
e-RUPI is basically a digital voucher which a beneficiary gets on his phone in the form of an SMS or QR code. it is a pre-paid voucher which can be redeemed at any centre...
Grants for Urban Local Bodies have been released as per the recommendations of the 15th Finance Commission. The States are required to transfer the grants to the ULBs within 10 working days...
Notification No.59/2021-Customs (N.T.) - The rate of exchange of conversion of each of the foreign currencies effective from 6th August, 2021...
Ministry of Finance has released today ₹75,000 crore to the States and UTs with Legislature under the back-to-back loan facility in lieu of GST Compensation...
Dr Karad is a first time member of the Rajya Sabha. Active in public service, he has served as Mayor of Aurangabad Municipal Corporation...
FM Nirmala Sitaraman introduced new credit guarantee scheme for MFIs...
The new income tax website has upset taxpayers with several technical glitches. Finance Ministry will hold an interactive meeting with Infosys on 22nd June 2021...