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News
Finance Ministry
Finance Ministry News
General Provident Fund
04 Jul 2024
Finance Ministry Announces Interest Rates For GPF, Other Provident Funds
The Senior Citizen Savings Scheme (SCSS) will maintain its interest rate at 8.2 per cent while the National Savings Certificate (NSC) will continue at 7.7 per cent.
Finance Ministry
03 Jul 2024
Govt Bonds Worth Rs 28,000 Crore Coming Up For Sale On Friday
The government will have the option to retain additional subscriptions up to Rs 2,000 crore against each of the three securities.
government bond
09 Apr 2024
Govt Bonds Worth Rs 30,000 Crore To Come Up For Auction On April 12
The government will have the option to retain additional subscriptions up to Rs 2,000 crore against each of these securities.
Finance Ministry
08 Apr 2024
Govt Bonds Worth Rs 30,000 Crore To Come Up For Auction On April 12
The government will have the option to retain additional subscriptions up to Rs 2,000 crore against each of these securities.
Income Tax department
10 Mar 2024
I-T Department Uncovers Cases Of Inadequate Tax Payments; Check Deadline Date
Persons/entities who are not registered on the e-filing website have to first register themselves on the e-filing website.
16th Finance Commission
14 Feb 2024
India’s 16th Finance Commission Holds First Meeting Chaired By Arvind Panagari
The commission, constituted by the president to define the financial relations and tax sharing formula between the Central government and the states.
GDP
29 Jan 2024
India To Become 3rd Largest Economy With GDP Of USD 5 Trillion In 3 Years
Ten years ago, India was the 10th largest economy in the world, with a GDP of USD 1.9 trillion at current market prices.
Income Tax
01 Jan 2024
Record 8.18 Crore ITRs Filed For Assessment Year 2023-2024 Till Dec 31: FinMin
The Ministry of Finance also today said that a large number of taxpayers did their due diligence by comparing data of their financial transactions by viewing their Annual Information Statement (AIS) and Taxpayer Information Summary (TIS).
Indian Finance Ministry
31 Dec 2023
Indian Finance Ministry Cracks Down On THESE Crypto Exchanges
The nine crypto exchanges in question are Binance, Kucoin, Huobi, Kraken, Gate.io, Bittrex, Bitstamp, MEXC Global, and Bitfenex.
Bank holidays
05 Dec 2023
Banks Will Open 5 Days In A Week? Check What Banking Association Has Demanded
Since 2015, Indian banks have observed public holidays on the second and fourth Saturday of every month, leading to a two-day weekend.
electoral bonds
01 Oct 2023
Electoral Bonds To Open For Sale On October 4: Check Eligibility, And Process
In an effort to make political funding more transparent, electoral bonds have been proposed as a substitute for financial contributions to political parties.
Income Tax
14 Jul 2023
FM Nirmala's BIG Announcement: 'No I-Tax For Those Earning Up To THIS Much '
FM in a tweet said, ''Under the new regime, there is no income tax to be paid for annual income up to Rs 7 lakh, which effectively increases to Rs 7.27 lakh with marginal relief provisions.''
Technology news
03 Jul 2023
Centre Reduces GST Rates On Electronic Items: Here’s How Much You Save
GST was implemented back in 2017. On its sixth anniversary, Centre has reduced GST rates on electronic items. Mobile phones will become cheaper with 12 percent GST.
Online gaming
27 Apr 2023
FinMin Considering To Levy Differential GST Rate On Online Games
The absence of a clear definition often leads to tax notices being sent to online game portals and subsequent litigations.
GST cess
09 Apr 2023
Govt Specifies Retail Sale Price Based GST Cess Rate For Pan Masala, Tobacco
Pan masala, containing tobacco gutkha, now has a cess rate of 0.61 times the RSP, while the rate for smoking mixtures for pipes and cigarettes is 0.69 times.
Mahila Samman Savings Certificates 2023
02 Apr 2023
Mahila Samman Savings Certificates Is Available; Check Tenure, Interest, More
Mahila Samman Savings Certificates, 2023 is available now in 1.59 lakh post offices. The scheme was announced in budget 2023-24 by FM to commemorate ‘Azadi Ka Amrit Mahotsav’. Interest rates on all the small savings schemes, except Savings Deposit and PPF, have also been upwardly revised with effect from 1st April 2023.
Finance Ministry
01 Apr 2023
Aadhaar, PAN Become Mandatory To Invest In PPF & Other Small Savings Schemes
If a depositor has already opened an account and has not submitted his Aadhaar number to the Accounts office, it is necessary to do within a period of six months starting from April 1, 2023.
New Income Tax Regime
25 Mar 2023
What Is Marginal Tax Benefit Announced By FM For Small Taxpayers? Explainer
Finance Ministry announced to offer a marginal tax relief to small taxpayers under the new tax regime. This relief will be available from April 1, 2023 for the financial year of 2023-24.
Finance Ministry
30 Jan 2023
Get Loan of Rs 1 Lakh Under Mudra Scheme by Paying Rs 1,750? Here's the Truth
PIB has tweeted that an approval letter that claims to grant a loan of Rs 1,00,000 under the PM Mudra Loan Yojna on payment of Rs 1,750 is FAKE.
finance ministry espionage case
19 Jan 2023
Finance Ministry Espionage Network Exposed Ahead of Budget Session
Before the budget session, there has been a stir in the Ministry of Finance due to the exposure of the espionage network. Since then, the investigative agencies and the government are on alert mode. In this case, a data entry operator named Sumit has been arrested by the Delhi Police. Sumit was working in the Ministry of Finance on contract. He is accused of spying for money.
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