finance

	Rajya Sabha returns Finance Bill 2023 to Lok Sabha without discussion, adjourned for the day The House first returned the Jammu and Kashmir Budget and later the appropriation bills and the Finance Bill-2023. published on : 27th March 2023
	Finance Bill 2023: Govt caps maximum GST cess rate on pan masala, tobacco The capping of the cess rate was brought in as part of the amendments to the Finance Bill, 2023, which was passed by the Lok Sabha last Friday. published on : 26th March 2023
	FM Nirmala Sitharaman reviews PSBs performance amid stress in US banking system She urged the banks to remain vigilant about the interest rate risks and regularly undertake stress tests. published on : 25th March 2023
	Finance Bill passed with 45 amendments without any discussion “An arbitrage is being created right now where interest income from debt mutual funds is not distributed and converted into long-term capital gains of 20% (with indexation). published on : 25th March 2023
	Finance Bill 2023: Tax on royalty, technical fees to non-resident firms hiked The government has hiked the tax on royalty and fees from technical services earned by non-resident companies from 10% to 20%. published on : 25th March 2023
	Finance Bill 2023: Tax on futures and options trading to increase by 25 per cent Realising mistake, finance ministry later in the day admitted that there was a typographical error and clarified that STT on selling options has been raised to 0.062% from 0.05%. published on : 25th March 2023
	Govt hikes tax on royalty, technical fees to non-residents "This increase in rate will lead to a higher tax rate of withholding tax obligations on payments to be made to non-residents," said Saurrav Sood, Practice Leader, International Taxation at SW India. published on : 24th March 2023
	Finance Bill 2023: No respite for startups from Angel Tax With the new amendment, if start-ups raise funding from non-resident investors, it will be considered as income and taxable. published on : 24th March 2023
	Finance Bill 2023: Govt hikes tax on futures and options trading by up to 25% The government expects to collect Rs 27,625 crore from the securities transaction tax (STT) in FY24, which is 10.5 per cent higher than the revised budget estimate of the preceding financial year. published on : 24th March 2023
	Finance Bill 2023: Debt mutual funds to lose tax advantage, bank FDs may gain "Ultra-high net worth and high net worth individuals may choose to invest in safe havens like bank fixed deposits," said Manish P Hingar, founder of Fintoo. published on : 24th March 2023
	Parliament Budget Session: Finance Bill 2023 passed in Lok Sabha The income from the debt mutual fund will be taxed at the applicable rate since it is of the nature of interest income. published on : 24th March 2023
	Rs 1 lakh crore cess, surcharge may go unspent in FY23 Surcharges and cesses are collected for specific purposes, and the amount thus collected is transferred to respective reserve funds created for the intended purposes. published on : 23rd March 2023
	Tamil Nadu revenue deficit down by Rs 3,000 crore, says Finance Minister Fall in tax revenue in the previous years was the main reason for the fiscal stress faced by the government at the time of assuming office, Finance Minister Palanivel Thiaga Rajan said. published on : 20th March 2023
	Government invites applications for RBI Deputy Governor post The applicant should have an experience of 15 years in banking and financial market operations, said a public notice. published on : 19th March 2023
	Margadarsi Finances diverted money to mutual funds: Undavalli Arun Kumar Speaking to reporters in Rajamahendravaram on Tuesday, Undavalli said the amount secured through chits has to be deposited with the bank under Section 4 (2) of AP Chit Fund Act. published on : 15th March 2023
	IT ministry to take up SVB linked startups woes with FinMin; pitches for Indian banks The Minister of State for Electronics and IT during interactions with startups asked them to engage with the Indian banking system and assured them of resolving teething issues they may face. published on : 14th March 2023
	EXPRESS DIALOGUES \| Odisha is India’s best state in fiscal management: Finance Minister Odisha’s fiscal turnaround is a striking story. From a time when RBI had barred Odisha government from availing overdraft for 200 days, the state has come to a stage of surplus budget. published on : 14th March 2023
	Power Finance Corporation report puts Odisha AT&C loss at 29.32 per cent However, the 2020-21 Power Finance Corporation (PFC) report on performance of power utilities of states said that the AT&C loss of Odisha was 29.32 per cent the same financial year. published on : 13th March 2023
	India always took lead in bringing emerging market perspective to global forums According to Ajay Seth, many parts of the globe are using digital identities, making digital payments, using digital utilities for essential services. published on : 6th March 2023
	FY'23 fiscal deficit: Finance Ministry monitoring daily receipts, expenses in March Although the government is expected to meet the revised tax revenue estimates, meeting the Rs 50,000 crore target from disinvestment receipts could be a challenge. published on : 5th March 2023