Recent Highlights
All Stories for Finance Ministry
RBI to launch India’s first digital rupee project: What is a CBDC and how will it work?
Fp Explainers • 2 years agoThe Reserve Bank of India will roll out the digital rupee for the wholesale segment today as part of its pilot project. The digital rupee (CBDC) will give a big boost to the economy and positively change the banking scenario of the country
ITR filing deadline for 2022-23 for businesses extended till 7 November
• 2 years agoEarlier, the last date for filing ITR by companies who are required to get their accounts audited was October 31
Will UPI payments now be charged? Here’s what the Centre has said
Fp Explainers • 3 years agoThe Centre had mandated a zero-charge framework for UPI transactions from 1 January, which means that charges are currently nil for users and merchants alike. It is one of the key reasons for its widespread adoption across the country
Government cuts windfall tax on petrol, diesel, jet fuel and crude oil
• 3 years agoAccording to the finance ministry notification, the government scrapped Rs 6 a litre tax on export of petrol and reduced the same on ATF from Rs 6 a litre to Rs 4. Besides, the tax on diesel has been reduced to Rs 11 from Rs 13 per litre
Govt asks employees to opt for lowest air fare, book tickets 21-days before travel
• 3 years agoThe finance ministry is looking to cut down on unnecessary expenditure as fiscal expenses are already high on account of excise duty cuts on petrol and diesel, customs duty reduction in some commodities, higher fertiliser subsidy and free food scheme for the poor
Net direct tax collection rises by 45% to over Rs 3.39 lakh crore till mid-June
• 3 years agoThe net collections are at Rs 3,39,225 crore compared to Rs 2,33,651 crore over the corresponding period of the preceding year, representing an increase of 45 per cent over the collections of the preceding year, the CBDT said
No proposal to replace face of Mahatma Gandhi on banknotes: RBI
• 3 years agoThere are certain reports suggesting the finance ministry and the RBI were contemplating using the faces of other prominent Indians on banknotes
Centre has no plan to revamp capital gains tax structure, says Ministry of Finance
• 3 years agoIn India, long-term capital gains on listed equities held for more than a year is taxed at 10 per cent on the portion of such gain above a threshold of Rs 1 lakh
India's economy to grow at quickest pace among large nations: Finance ministry’s report
• 3 years agoThe report said the Budget 2022-23 has strengthened the direction set for India's economy by the previous year's budget
Union Budget 2022: From widening tax base to growth-related announcements, what we want from FM Sitharaman
Gautam Mukherjee • 3 years agoIf India is going to break into the next generation of economic reform, there is a dire need for bold steps both on the expenditure and revenue sides