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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…
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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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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New Delhi: With the Union Budget 2025-26 slated for February 1, the Confederation of Indian Industry (CII) has demanded a slew of measures from the Finance Ministry, urging that the focus should be on boosting consumption, upping the daily minimum wage, and raising the annual payout under the PM-KISAN scheme, among others. CII demanded that…
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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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…
CAG has asked the Finance Ministry to identify high risk taxpayers in the GST composition scheme on a periodical basis and verify from other sources, including third parties, their declared value of sales to check tax evasion. | Photo Credit: The Hindu The Comptroller and Auditor General (CAG) has asked the Finance Ministry to identify…
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Representational Image The Information & Broadcasting (I&B) Ministry has urged the Ministry of Finance to reduce the GST on digital news subscriptions. In a letter dated July 22, I&B secretary Sanjay Jaju requested his revenue counterpart Sanjay Malhotra to either exempt the GST on digital news subscriptions or reduce it from 18 per cent to five…
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Rescuers and other stand amid debris after landslides hit hilly villages in Wayanad district, Kerala on July 30, 2024. | Photo Credit: AP The Finance Ministry on August 3 urged all Public Sector Insurance companies to extend all possible support to Kerala calamity victims so that their insurance claims can be expeditiously processed and paid….
Strong growth accompanied by stable inflation and external account and progressive employment outlook will help the Indian economy close the current financial year on a positive note. Representational file image. | Photo Credit: Reuters The Finance Ministry on March 22 said with an uptick in private investment and inflation trending down, India’s outlook for the…
Read More “India’s outlook for next fiscal positive: Finance Ministry” »