Tag: Finance Ministry

Japanese credit rating agency JCR upgrades India to A-, Finance Ministry welcomes move

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Japanese credit rating agency JCR upgrades India to A-, Finance Ministry welcomes move

Finance Ministry says the upgrade comes against the backdrop of a challenging global environment and underscores the continued strengthening of India’s economic fundamental | Photo Credit: The Hindu The Japan Credit Rating Agency (JCR) has upgraded India’s credit rating by one notch from BBB+’ to ‘A-, it announced on Wednesday, on the back of India’s…

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Business

Finance Ministry notifies rules for determination of origin of goods under India-U.K. trade pact

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Finance Ministry notifies rules for determination of origin of goods under India-U.K. trade pact

This image is used for representational purposes only. | Photo Credit: Getty Images/iStockphoto The Finance Ministry has notified the rules for determination of origin of goods under the India-U.K. comprehensive economic and trade agreement (CETA), which will come into force from July 15, according to a notification. A certificate of origin is a key document…

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Business

Government exempts capital gains tax on FPI investment in G-Secs

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Government exempts capital gains tax on FPI investment in G-Secs

The move comes at a time when FIIs sold ₹2.5 lakh crore worth of Indian securities, going by data from NSDL. | Photo Credit: Getty Images/istockphoto The Government of India (GoI) on Friday (June 5, 2026) waived the 12.5% long term capital gains tax (LTCG) charged on foreign institutional investment in government bonds. The exemption…

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Business

Finance Ministry increases export levy on petrol, reduces that of diesel and ATF

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Finance Ministry increases export levy on petrol, reduces that of diesel and ATF

People refuel their vehicles at a petrol pump in Bengaluru on May 15, 2026. | Photo Credit: J. Allen Egenuse Seeking to provide further momentum to the export of fuels, the Finance Ministry, in a late gazette notification issued Friday night, informed that it has hiked the export duty on petrol to ₹3 per litre…

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Business

Finance Ministry notifies FDI easing for foreign firms with up to 10% Chinese stake under FEMA

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Finance Ministry notifies FDI easing for foreign firms with up to 10% Chinese stake under FEMA

Finance Concept with Stack of Coins – 100 percent FDI or Foreign Direct Investment on wooden blocks | Photo Credit: lakshmiprasad S The Finance Ministry has notified a decision to allow overseas companies with Chinese shareholding of up to 10% to invest in India under the automatic route under FEMA, according to a notification. In…

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Business

Plan to hike deposit insurance limit in banks, says Finance Ministry

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Plan to hike deposit insurance limit in banks, says Finance Ministry

M Nagaraju, Secretary, Department of Financial Services addresses the Confederation of Indian Industry (CII post budget session, in New Delhi. | Photo Credit: ANI The Finance Ministry is considering raising the current limit of ₹5 lakh for deposit insurance, Secretary to the Department of Financial Services M. Nagaraju said at a post-Budget press briefing in…

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Business

Finance Ministry Notifies Unified Pension Scheme For Government Employees

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Finance Ministry Notifies Unified Pension Scheme For Government Employees

New Delhi: The Finance Ministry on Saturday notified the Unified Pension Scheme (UPS) which promises an assured pension of 50 per cent of the average basic pay drawn over the last 12 months prior to superannuation. The UPS would be applicable to Central Government employees who are covered under the National Pension System and who…

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Nation

Finance Ministry flags softer urban demand, factory output

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Finance Ministry flags softer urban demand, factory output

Finance Ministry acknowledged emerging concerns of softening consumer sentiments and faltering demand, particularly in urban India, as well as a moderation in industrial momentum in recent months, even as it maintained that the economy will grow between 6.5% and 7% through 2024-25. The Finance Ministry on Monday (October 28, 2024) acknowledged emerging concerns of softening…

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Business

Over 34.84 lakh IT audit reports filed on e-filing portal up to Oct. 7: Finance Ministry

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Over 34.84 lakh IT audit reports filed on e-filing portal up to Oct. 7: Finance Ministry

Finance Ministry. File | Photo Credit: SHIV KUMAR PUSHPAKAR The finance ministry on Wednesday said more than 34.84 lakh audit reports, including about 34.09 lakh Tax Audit Reports (TARs), have been filed for assessment year 2024-25 on the e-filing portal till October 7. The income tax department had extended the date for filing the audit…

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Business