Pandemic effect: FinMin mulling 75 pc reduction in foreign travel budget for FY22
Mumbai, Dec 11 (PTI) The COVID-19 pandemic and the ensuing restrictions in mobility may result in a 75 per cent reduction in the budgetary allocation for foreign travel in FY22, a senior finance ministry official More...
GST revenue at Rs 1.04 lakh cr in November
New Delhi, Dec 1 (PTI): Revenue from Goods and Services Tax (GST) stood at over Rs 1.04 lakh crore in November as against Rs 1.05 lakh crore collected in the previous month, the Finance Ministry said in a statement. Revenue More...
Premium paid for insurance policies purchased between Oct 12-Mar 31 period eligible for reimbursement under LTC cash voucher scheme
New Delhi, Nov 26 (PTI): Premium paid for insurance policies purchased between October 12, 2020 and March 31, 2021 by central government employees will be eligible for reimbursement under the LTC cash voucher More...
FM to unveil another stimulus soon, says Economic Affairs Secretary
New Delhi, Nov 3 (PTI): Finance Minister Nirmala Sitharaman will soon announce the next set of stimulus package to boost the coronavirus-hit economy, Economic Affairs Secretary Tarun Bajaj said on Tuesday. The Finance More...
Nirmala wanted me out of Finance Ministry, says former finance secretary Garg
New Delhi, Oct 31 (PTI): Subhash Chandra Garg, the former finance secretary who was shunted out of the finance ministry within three weeks of Modi-2.0 government”s first budget last year, on Saturday alleged More...
FinMin kick-starts Budget making exercise amid contraction pressure
New Delhi, Oct 16 (PTI) The finance ministry on Friday kicked off the exercise to prepare the annual Budget for 2021-22 amid the urgency to push economic growth hit by the COVID-19 pandemic. It will be the third More...
Reforms undertaken to contain COVID-19 impact to ensure long-term sustained growth: FinMin report
New Delhi, Oct 4 (PTI) Important structural reforms undertaken by the government to combat risks associated with the coronavirus pandemic will strengthen the country’s economic fundamentals and ensure long-term More...
Ministries, public sector undertakings to stop physical of printing calendars, diaries
New Delhi, Sep 2 (PTI) The government on Wednesday said ministries, departments, public sector undertakings and public sector banks will stop physical printing of calendars, diaries and greeting cards. Finance Minister More...
Finance Ministry advises banks not to levy charges on electronic transactions
New Delhi [India], Aug 30 (ANI): The Union Ministry of Finance has advised all the banks not to collect any charges on transactions or payments made through electronic mode, the Central Board of Direct Taxes (CBDT) More...
Finance Ministry recounts Jaitley’s legacy by recounting GST benefits
New Delhi [India], Aug 24 (ANI): The Finance Ministry on Monday recounted several achievements of former Finance Minister Arun Jaitley who heralded the Goods and Services Tax (GST) and passed away a year ago. File More...