New Delhi: The Finance Ministry on Friday released Rs 17,287 crore to states including Rs 802 crore for Odisha to enhance their financial resources during the COVID-19 (Coronavirus) crisis. Of this amount, Rs 11,092 crore is towards State Disaster Response Mitigation Fund (SDRMF) to all states. An amount of Rs 6,195 crore has been released […]
New Delhi: The finance ministry on Thursday urged people not to believe rumours and said Rs 500 has been deposited in each PMJDY account held by women for April and Rs 1,000 more will be given over the next two months in equal instalments. Meanwhile, state-owned SBI, which has the highest number of PMJDY accounts, […]
New Delhi: There is no proposal for reduction of pension and no action is being contemplated by the government in this respect, the Centre said on Sunday. The assertion assumes significance as rumours are afloat that the government is contemplating reduction or stoppage of pension. Also Read: Govt Makes A U-Turn, Stops Sale Of Non-Essential […]
New Delhi: The finance ministry on Thursday decided to put on hold increment in dearness allowance (DA) for 50 lakh central government employees and 61 lakh pensioners till July 2021 due to the COVID-19 crisis. “In view of the crisis arising out of COVID-19, it has been decided that additional instalment of dearness allowance payable […]
Mumbai/ New Delhi: A group of tax officers has suggested hiking super-rich tax to 40 per cent, imposing a cess and other measures to increase revenues amid the coronavirus pandemic, prompting the tax department to clarify that the proposals do not reflect its official views in any manner. The Central Board of Direct Taxes (CBDT) […]
New Delhi: The finance ministry is not in favour of increasing goods and services tax rates on non-essential items in the next month’s meeting of the GST Council, despite depressed revenue collections due to the nationwide lockdown to contain the spread of COVID-19. If goods and services tax (GST) rates are increased on non-essential items, […]
New Delhi: The Central Board of Direct Taxes (CBDT) has notified new Income Tax Return Forms for the Assessment Year 2020-21 or the financial year 2019-20. The modifications come in the backdrop of the coronavirus pandemic. In a notification, the Finance Ministry said it issued ITR-1 (Sahaj), ITR-2, ITR-3, ITR-4 (Sugam), ITR-5, ITR-6, ITR-7 and […]
New Delhi: Around 42 crore beneficiaries have been directly given cash support through Direct Benefit Transfer (DBT) amounting to Rs 53,248 crores under the Pradhan Mantri Garib Kalyan Package (PMGKP) till June 2, the Finance Ministry said in a statement on Wednesday. The Rs 1.7 lakh crore PMGKP package was announced by Finance Minister Nirmala […]
New Delhi: The Goods and Services Tax (GST), often hailed as the “biggest tax reform” in India, has evolved over the years, and the weighted rate of GST has declined in the past few years to 11.6 per cent from 14.4 per cent in May 2017. The Finance Ministry on Monday cited data from Reserve […]
New Delhi: The Finance Ministry on Monday said the GST regime has reduced the rate at which people have to pay tax, helped increase compliance and doubled the taxpayer base to 1.24 crore. In a series of tweets on Monday, also the first death anniversary of former Finance Minister Arun Jaitley, the ministry said before […]
New Delhi: The gross GST revenue collected in the month of October 2020 was Rs 1,05,155 crore, an official statement said on Sunday. This is the first time in the current financial year that the gross GST collections has crossed the Rs 1-lakh-crore-mark. Out of the total GST revenue collected, CGST (Central GST) was Rs […]
New Delhi: The Finance Ministry on Tuesday said that there has been no increase in service charges by any public sector bank even as Bank of Baroda decided to withdraw changes made with regard to the number of free cash deposit transactions in a bank account per month. Bank of Baroda had made certain changes […]
New Delhi: The provisional figures of direct tax collections for the financial year 2020-21 showed that net collections are at Rs 9.45 lakh crore. The net collection is around 5…
New Delhi: India has been witnessing a ‘V-shaped’ recovery since June with the gradual easing of restrictions on economic activities, said a Finance Ministry report. “The sustained improvement in high frequency indicators ignite optimism of an improved performance in second half of the year,” it said. The Monthly Economic Recovery for December by the Department […]
New Delhi: Amid the COVID-19 pandemic, the Finance Ministry has decided to go paperless for the upcoming budget scheduled for February 1. This is a historic move as it will be for the first time in the history of independent India that the budget papers will not be printed. Sources said the government has received […]
Copyright © 2024 - Odisha Television Limited All Rights Reserved.
LIVE TV
