Finance Ministry
- India
SC orders Centre to reconsider reward for man who tipped off about tax evasion
The Supreme court has directed the Union ministry of finance to reconsider grievance of a person, who was not given the reward for informing about tax evasion by a company called ANI…
- India
Centre approves Rs 1,255-crore capital investment for Arunachal Pradesh
Itanagar: The finance ministry has approved a capital investment proposal of Rs 1,255 crore for Arunachal Pradesh in the current financial year, an official release said on Monday. Approval has been given…
- India
Govt authorises SBI to issue electoral bonds between April 3-12
New Delhi: The State Bank of India (SBI) has been authorised by the government to issue and encash electoral bonds through its 29 authorised branches across the country from April 3 till…
- India
Sitharaman meets US Commerce Secy; discusses bilateral coop to boost trade, investment
New Delhi: Finance Minister Nirmala Sitharaman on Thursday met US Commerce Secretary Gina Raimondo to discuss India’s G20 priorities and bilateral cooperation to further boost investment and trade. In a tweet, the…
- Telangana
11% of GST revenue was increased in Telangana in December 2022
Hyderabad: The Telangana government collected Rs 4,178 Crores in December 2022. In 2021, the collected revenue amounted to Rs 3,760 Crores. Telangana increases its goods and services tax (GST) every year by…
- Business
GST revenues grow 15 pc to Rs 1.49 lakh cr in Dec
New Delhi: GST revenues rose by 15 per cent in December 2022 to over Rs 1.49 lakh crore, the Finance Ministry said on Sunday. “The gross GST revenue collected during December 2022…
- India
Dec 2022 GST collections stand at Rs 1,49,507 crore: Govt
New Delhi: The GST collections for December 2022 stood at Rs 1,49,507 crore — 2.5 per cent more than Rs 1,45,867 crore collected in November 2022, according to figures released by the…
- Middle East
Saudi records a budget surplus of over SR14 billion in Q3 of 2022
Riyadh: Saudi Arabia’s finance ministry on Monday said that the country’s general budget recorded a surplus of SR14.14 billion during the third quarter of 2022. The budgetary revenues amounted to about SR301.86…
- Business
Sitharaman seeks enhanced lending from International Finance Corporation
New Delhi: Finance Minister Nirmala Sitharaman on Monday underlined India’s expectations of getting enhanced lending from the International Finance Corporation (IFC) to the tune of $2-2.5 billion in the next one to…
- Business
Govt received Rs 7,85,914 crore till July, incurred Rs 11,26,745 crore as expenses
New Delhi: The Union government received Rs 7,85,914 crore till July 2022, consisting of Rs 6,66,212 crore in terms of tax revenue, Rs 89,583 crore of non-tax revenue, and Rs 30,119 crore…
- India
India’s services sector saw recovery on improved demand: Finance Ministry
New Delhi: India’s services sector has witnessed a broad-based recovery in sales revenues in both nominal and real terms during the January-March 2022 quarter 2022, the Ministry of Finance said in its…
- India
Oppo slapped Rs 4,389 cr notice, says it will contest charges
New Delhi: Chinese phone maker Oppo’s India unit has been slapped with a notice for alleged Rs 4,389 crore import duty evasion, the Finance Ministry said on Wednesday. A show-cause notice (SCN) has…
- Business
Curd, lassi, cheque books, ink among things to turn costlier
Chandigarh: Coming July 18, 18 per cent Goods and Services Tax (GST) will be applicable on bank cheque book/loose leaf cheques and 12 per cent on maps, atlas, and globes. Similarly, unbranded…
- Telangana
Centre releases Telangana’s GST share amounting to Rs 296 crore
Hyderabad: The Centre released Rs 296 crore to Telangana under the Goods and Services Tax compensation on Tuesday. The Centre released an amount of Rs 86,912 crores to cover the whole amount…
- India
Fiscal deficit 2021-22 at 6.7% of GDP, lower than estimate: CGA
New Delhi: Fiscal deficit for 2021-22 worked out to be 6.71 per cent of the gross domestic product (GDP), lower than 6.9 per cent projected by the Finance Ministry in the revised…
