In a bid to ensure that the earmarked budget of ₹2.36 lakh crore is utilised to strengthen grassroots democracy, the Ministry of Panchayati Raj is […]
Tag: finance ministry
FY26 Budget: Finance Ministry seeks suggestions from trade and industry bodies for changes in taxes
The Finance Ministry has urged trade and industry bodies to give suggestions regarding changes in direct and indirect taxes for the Union Budget 2025-26. These […]
Govt to turn full focus on large DRT cases, move smaller ones to Lok Adalats
The Centre plans to pursue only high-value cases—where banks’ claims are more than ₹100 crore—in the tribunals, according to two people aware of the development. […]
Banks asked to implement effective measures for optimising recovery from pending cases at DRT
The Finance Ministry has urged banks to have clearly defined policy on small and high value cases that are pending in Debt Recovery Tribunals (DRTs). […]
Windfall levy on domestically-produced levy brought to zero
New Delhi The Finance Ministry late on Thursday brought down windfall tax on domestically produced crude to zero from ₹1,800 a tonne. This is the […]
FinMin asks PSBs to undertake pilot of new credit assessment model for MSMEs
In line with its Budget announcement earlier this year, the Finance Ministry has asked Public Sector Banks (PSBs) to undertake pilot programmes of the new […]
Finance Ministry poised for overhaul with new Finance, Expenditure, Public Enterprises Secretaries
As the Finance Ministry gets ready for the Union Budget 2025-26, the bureaucracy will undergo changes with the designation of a new Finance Secretary and […]
Fake input tax credit detection surged 50% to over ₹36,000 crore in FY24
Fake input tax credit (ITC) detection surged 50 per cent in FY24 to over ₹36,000 crore, the Finance Ministry informed the Lok Sabha on Monday […]
Union Budget 2024 Live Updates: FM Nirmala Sitharaman set to present historic seventh consecutive Budget
Union Budget 2024-25 Live updates: The first full budget of the Modi 3.0 government will be presented today by Finance Minister Nirmala Sitharaman. This marks […]
Budget 2024 Announcements, Live Updates: Modi 3.0’s first full Budget set to shape ‘Viksit Bharat’ vision
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