Tag: Finance Ministry

Finance Ministry Releases Rs 9,871 Cr Grant To 17 States
Finance Ministry Releases Rs 9,871 Cr Grant To 17 States

The states which will receive money from the grant as recommended by the 15th Finance Commission are Andhra Pradesh, Assam, Haryana, Himachal Pradesh, Karnataka, Kerala, Manipur, Meghalaya, Mizoram, Nagaland, Punjab, Rajasthan, Sikkim, Tamil Nadu, Tripura, Uttarakhand and West Bengal.

  • Monday, 11 October 2021
National Pension System
National Pension System: Here's How You Can Get Rs 1 Crore On Retirement

Want to be a Crorepati by the time you retire? Well, if you have any such plan, then National Pension System (NPS) is something you should not miss out on.

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  • Sunday, 10 October 2021
FinMin
FinMin Gives Nod To 11 States To Borrow Additional Rs 15,721 Cr

These states are Andhra Pradesh, Bihar, Chhattisgarh, Haryana, Kerala, Madhya Pradesh, Manipur, Meghalaya, Nagaland, Rajasthan and Uttarakhand.

  • Tuesday, 14 September 2021
Public Sector Banks
Pension Of Bank Employees To Go Up, Employers’ Contribution Also Hiked From 10 To 14%

The Central government has given a much-needed relief to families of bank employees. Recently, the Finance Ministry approved a proposal of Indian Banks' Association (IBA) to increase the family pension to 30 per cent of last drawn salary.

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  • Thursday, 26 August 2021
GST Revenue Collection Crosses Rs 1 Lakh Cr In Oct
GST Revenue Collection For July At Over Rs 1.16 Lakh Cr

The government has settled Rs 28,087 crore to CGST and Rs 24,100 crore to SGST from IGST as regular settlement. The total revenue of Centre and the states after regular settlement in the month of July 2021 was Rs 50,284 crore for CGST and Rs 52,641 crore for the SGST.

  • Sunday, 01 August 2021
7th pay commission update on pension hike
7th Pay Commission: No Republic Day Bonanza for Central Govt Employees?

7th Pay Commission: The wait of Central government employees seems to be not going to end soon. There were reports of hike in the minimum pay the CG employees ahead of Republic Day, but it is believed that the wait will be a bit longer. As per reports, the Narendra Modi government is not going […]

  • Monday, 26 July 2021
Nirmala Sitharaman
UN's Survey On Digital & Sustainable Trade Facilitation: India Improves Position Scoring Over 90%

The survey notes that India is the best-performing country when compared to South and South West Asia region (63.12 per cent) and Asia Pacific region (65.85 per cent).

  • Friday, 23 July 2021
Govt to launch pension scheme for elderly with 8% fixed rate

Bhubaneswar/New Delhi: Finance Minister Arun Jaitley will today formally launch the Pradhan Mantri Vaya Vandana Yojana (PMVVY) or a pension scheme for elderly with 8 per cent fixed rate of interest on their savings on Friday. The scheme can be purchased offline as well as online through Life Insurance Corporation (LIC) of India which has […]

  • Thursday, 22 July 2021
nirmala-sitharaman
FinMin Releases ₹ 75,000 Cr To States, UTs With Legislature As GST Compensation Shortfall

All eligible States and UTs (with Legislature) have agreed to the arrangements of funding of the compensation shortfall under the back-to-back loan facility.

  • Thursday, 15 July 2021
Finance Ministry
FinMin Cautions Of Inflationary Risks On Rising Commodity Prices, Input Costs

As the Indian economy struggles to shed the impact of the second wave of Covid-19, the report suggested that maintaining a fast past of vaccination and plugging the lags in the healthcare infrastructure in the country would be the most sustainable stimulus for the durable recovery of the Indian economy.

  • Friday, 09 July 2021
Finance Ministry
Amid Disinvestment Push, Finmin To Now House Dept Of Public Enterprises

The department, which was under the Ministry of Heavy Industries and Public Enterprises so far, would look into the residual work relating to erstwhile Bureau of Public Enterprises including the Industrial Management Pool.

  • Wednesday, 07 July 2021
Government notifies new Rs 200 notes

New Delhi: The Finance Ministry of Wednesday formally announced the launch of the new Rs 200 note. “The central government hereby specifies the denomination of bank notes of the value of 200 rupees,” a Gazette notification said. The notification has been issued under Section 24 of the Reserve Bank of India Act, 1934, and on the […]

  • Monday, 05 July 2021
indian-buildings-L-600x400
Housing societies' services not to get costlier under GST: Government

New Delhi: Services provided by housing societies across the country will not become expensive under the Goods and Services Tax (GST) system, the government said on Thursday. “There are some press reports that services provided by a Residents Welfare Association (RWA) will become expensive under the GST. These are completely unsubstantiated,” a Finance Ministry statement here […]

  • Monday, 05 July 2021
money-fees-college-759
Hostel fee in educational institutions exempt under GST: Government

New Delhi: Refuting reports that hostel fee charged by educational institutions will attract 18 per cent Goods and Services Tax (GST), the Finance Ministry on Thursday said such services provided to students, faculty and staff are fully exempt under the new indirect tax regime. “There are some reports that GST at the rate of 18 per […]

  • Monday, 05 July 2021
rbi2
RBI monetary policy panel refused meeting with Finance Ministry

Mumbai: The Reserve Bank of India’s Monetary Policy Committee had turned down the Finance Ministry’s invite for a discussion ahead of the panel’s policy review meeting on Wednesday, RBI Governor Urjit Patel has disclosed. The RBI maintained its key interest rate at 6.25 per cent for its fourth successive monetary policy review, dashing the government’s hopes […]

  • Monday, 05 July 2021
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