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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.

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Supreme Court Disposes of 573 Direct Tax Cases; 4,300 Disputes To Be Withdrawn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.

04 Sep 2024

SEBI Chief Row: Staff complains of toxic work culture to finance ministry

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.

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.

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.

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.

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.

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.

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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