Tag: Finance ministry

Government’s total liabilities rise 2.6% to ₹150.95 lakh crore in Q3 FY23: Report

Government’s total liabilities rise 2.6% to ₹150.95 lakh crore in Q3 FY23: Report

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Representational image only. | Photo Credit: Twitter/@FinMinIndia The government’s total liabilities rose to ₹150.95 lakh crore in December quarter from ₹147.19 lakh crore in the three months ended September 2022, according to the latest public debt management report. The increase reflects a quarter-on-quarter increase of 2.6% in October-December 2022-23. In absolute terms, the total liabilities, […]

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Measures announced in Budget to promote jobs, spur economic growth: Finance Ministry

Measures announced in Budget to promote jobs, spur economic growth: Finance Ministry

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Union Finance Minister Nirmala Sitharaman addresses a press conference on Union Budget 2023-24, in Jaipur on February 20, 2023. | Photo Credit: PTI The measures like increased capex, boosting the green economy and initiatives for strengthening financial markets announced in the Budget 2023-24 are expected to promote job creation and spur economic growth, the Finance […]

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GST revenues grew 12.7% in January

GST revenues grew 12.7% in January

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Total GST revenues between April 2022 and January 2023 stand at ₹14.9 lakh crore. File | Photo Credit: K.V.S. Giri India’s Goods and Services Tax (GST) revenues grew 12.7% in January 2023 to hit almost ₹1.59 lakh crore, the second highest monthly collections on record, as per revised figures from the Finance Ministry. Earlier estimates […]

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Government keeping eye on inflation: Nirmala Sitharaman in Rajya Sabha

Government keeping eye on inflation: Nirmala Sitharaman in Rajya Sabha

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Finance Minister Nirmala Sitharaman speaks in the Rajya Sabha during the Winter Session of the Parliament, in New Delhi, on December 21, 2022. | Photo Credit: PTI Finance Minister Nirmala Sitharaman on December 21 said the government is keeping an eye on inflation which is purely “extraneous” nowadays because of the fuel and fertilizer prices. […]

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FinMin to meet bank CEOs on December 5 to promote cross-border rupee trade

FinMin to meet bank CEOs on December 5 to promote cross-border rupee trade

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Union Finance and Corporate Affairs Minister Nirmala Sitharaman. File | Photo Credit: PTI The Finance Ministry has called a meeting of CEOs of banks, including top six private sector lenders, on December 5 to discuss ways to promote cross-border trade in the rupee instead of the U.S. dollar. Besides, sources said the meeting to be […]

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Govt cuts export duty on steel, iron ore; hikes import duty on some raw materials

Govt cuts export duty on steel, iron ore; hikes import duty on some raw materials

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Iron ores being loaded on to a ship at the New Mangalore Port Trust.  File photo | Photo Credit: R. Eswarraj Six months after imposition of the levy, the government has cut the export duty on steel products and iron ore with effect from Saturday, November 19, 2022. As per a Finance Ministry notification issued […]

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Govt cuts export duty on steel, iron ore; hikes import duty on some raw materials

Govt cuts export duty on steel, iron ore; hikes import duty on some raw materials

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Iron ores being loaded on to a ship at the New Mangalore Port Trust.  File photo | Photo Credit: R. Eswarraj Six months after imposition of the levy, the government has cut the export duty on steel products and iron ore with effect from Saturday, November 19, 2022. As per a Finance Ministry notification issued […]

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NAA to wind up; GST anti-profiteering complaints to be taken up by CCI from December 1

NAA to wind up; GST anti-profiteering complaints to be taken up by CCI from December 1

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File photo used for representational purpose only. | Photo Credit: Getty Images/iStockphoto “All Goods & Services Tax (GST) anti-profiteering complaints would be dealt with by the Competition Commission of India (CCI) from December 1 as the extended tenure of National Anti-profiteering Authority (NAA) ends this month,” an official said on November 15. “A notification in […]

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GST revenues cross ₹1.51 lakh crore in October

GST revenues cross ₹1.51 lakh crore in October

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Festive seasons spurs second highest revenues from domestic transactions in a month Festive seasons spurs second highest revenues from domestic transactions in a month  India’s gross GST revenues touched ₹1,51,718 crore in October, 16.6% higher than a year ago, marking the second highest monthly collections since the launch of the indirect tax regime. Revenues from domestic transactions, […]

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Finance Ministry extends ITR filing deadline for companies till November 7

Finance Ministry extends ITR filing deadline for companies till November 7

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The Central Board of Direct Taxes (CBDT) in a notification said since it had last month extended the deadline for filing audit reports, hence the ITR filing due date too is extended. The Central Board of Direct Taxes (CBDT) in a notification said since it had last month extended the deadline for filing audit reports, […]

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