FINANCE

Ministerial panels set up to review GST exempt list, identify evasion sources

The Group of Ministers (GoM) on rate rationalisation would also review inverted duty structure, recommend rationalisation measures, including merger of tax rate slabs.

published on : 27th September 2021

India needs big banks like SBI: Finance Minister

Sitharaman said this during her keynote address at the 74th Annual General Meeting of the Indian Banks’ Association (IBA) in Mumbai on Sunday.

published on : 27th September 2021

Muthoot family richest, fastest rise in wealth for Geojit’s C J George

But George is not the richest entrepreneur. His wealth in terms of shareholdings is far below the likes of the Muthoot family, the Chittilappillys or the Kalyan Jewellers founders.

published on : 27th September 2021

Many districts lack banking presence despite high level of economic activities: FM Nirmala Sitharaman

Addressing banking industry lobby grouping Indian Banks' Association (IBA), Sitharaman asked lenders to augment efforts of deepening presence.

published on : 26th September 2021

Market valuation of top-10 valued firms jumps over Rs 1.56 lakh crore

During the last week, the 30-share BSE benchmark rallied 1,032.58 points or 1.74 per cent and the BSE Sensex made history on Friday by reaching the 60,000-mark for the first time ever.

published on : 26th September 2021

Four held for cheating finance company in Odisha's Berhampur

Police said that the head of Kamapalli branch of the company, Smitarupa Padhy had disbursed the loans to the accused between January and March this year.

published on : 26th September 2021

Economy on sustained path of revival, says finance minister

Direct tax collection till September 22 is up by 74% over last year, as per the data released by the revenue department on Friday.

published on : 25th September 2021

PTR hits out at detractors, says absence in GST Council was due to lack of clarity on agenda

This is his first reaction through the media after a nasty row erupted over his absence at the meeting.

published on : 25th September 2021

Net direct tax mop-up grows 74% at Rs 5.70 lakh crore so far this fiscal

In the previous fiscal (2020-21), the net collection was over Rs 3.27 lakh crore.

published on : 24th September 2021

FinMin notifies procedure to issue duty credit for goods exported under RoDTEP

The rates for 8,555 products - such as marine, agriculture, leather, gems and jewellery - were announced under the RoDTEP scheme in August this year.

published on : 24th September 2021

Disinvestment to increase PSUs' income, create jobs: MoS Finance 

Finance Minister Nirmala Sitharaman had announced a Rs 6-lakh crore National Monetisation Pipeline to unlock value in infrastructure assets across sectors ranging from power to road and railways.

published on : 24th September 2021

Govt withdraws COVID-linked expenditure restrictions

All ministries and departments are now permitted to spend as per their own approved monthly expenditure plan or quarterly expenditure plan until further orders during the remaining part of this FY.

published on : 24th September 2021

Modi government plans to seek ratings upgrade from Moody’s

Finance ministry officials plan to meet the Moody’s to provide details on how India will meet its budget targets for the current fiscal year, according to Bloomberg, citing sources.

published on : 24th September 2021

Finance Ministry to pitch for rating upgrade in meeting with Moody's next week

There was a meeting with Fitch a couple of months ago, they said, adding next week the ministry officials will meet Moody's representatives.

published on : 23rd September 2021

India, UAE discuss deepening of trade, investment ties

The two countries also look to sign a formal agreement, officially dubbed as CEPA, in March 2022 after the completion of internal legal procedures and ratification.

published on : 23rd September 2021
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