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  • At Rs 1.13 lakh crore, GST collections cross Rs 1 lakh crore mark for 5th month in a row in February Mar 01, 2021 05:53 PM IST

    At Rs 1.13 lakh crore, GST collections cross Rs 1 lakh crore mark for 5th month in a row in February

    GST collection in February stood at Rs 1.13 lakh crore, 7 percent higher year-on-year, but lower than an all-time high of nearly Rs 1.20 lakh crore in January, official data showed on March 1.

  • Tarun Bajaj given additional charge of Secretary, Department of Revenue Feb 27, 2021 06:58 PM IST

    Tarun Bajaj given additional charge of Secretary, Department of Revenue

    Bajaj, the incumbent Secretary of Department of Economic Affairs, would be succeeding Dr ABP Pandey upon the latter's superannuation.

  • Sovereign gold bond issue price fixed at Rs 4,662 per gram Feb 26, 2021 11:34 PM IST

    Sovereign gold bond issue price fixed at Rs 4,662 per gram

    Sovereign Gold Bonds 2020-21 (Series XII) will be open for subscription from March 1 to 5, 2021.

  • Embargo lifted on grant of government business to private banks: FM Nirmala Sitharaman Feb 24, 2021 04:56 PM IST

    Embargo lifted on grant of government business to private banks: FM Nirmala Sitharaman

    The private sector banks can be involved in "conduct of government-related banking transactions such as taxes and other revenue payment facilities", the Department of Financial Services (DFS) said.

  • Centre to appeal against Cairn's $1.2 billion arbitration award Feb 19, 2021 09:59 AM IST

    Centre to appeal against Cairn's $1.2 billion arbitration award

    The decision comes despite the Indian government having 'welcomed' Cairn Energy’s efforts to reach out for a dispute resolution

  • India's inflation target band up for review: FM Nirmala Sitharaman Feb 18, 2021 06:42 PM IST

    India's inflation target band up for review: FM Nirmala Sitharaman

    The band, on the basis of which monetary policy is decided by a six-member committee headed by the central bank governor, was established in 2016.

  • Finance Ministry, Cairn Energy looking for amicable solution to tax dispute: Govt sources Feb 18, 2021 05:20 PM IST

    Finance Ministry, Cairn Energy looking for amicable solution to tax dispute: Govt sources

    The meeting between Cairn Energy CEO Simon Thomson and finance secretary Ajay Bhushan Pandey comes amid speculation that India is set to challenge an international arbitration award that went against it over the retrospective levy of taxes.

  • GST officers arrest 4 in 3 different cases of ITC fraud of Rs 178 crore Feb 15, 2021 08:54 PM IST

    GST officers arrest 4 in 3 different cases of ITC fraud of Rs 178 crore

    In one case, four non-existent firms were created by the main perpetrators to pass on ITC of Rs 54 crore, primarily to 14 other firms.

  • FinMin releases weekly instalment of Rs 6,000 crore to states to meet GST shortfall Feb 15, 2021 08:01 PM IST

    FinMin releases weekly instalment of Rs 6,000 crore to states to meet GST shortfall

    Out of this, an amount of Rs 86,729.93 crore has been released to the states and Rs 8,270.07 crore to the three UTs with legislative assembly (Delhi, Jammu and Kashmir, Puducherry).

  • Growth, inflation outlook portends 'more than full recovery' in 2021-22: FinMin report Feb 09, 2021 09:27 PM IST

    Growth, inflation outlook portends 'more than full recovery' in 2021-22: FinMin report

    The latest Economic Survey projected growth rate to rebound to 11 percent during 2012-22 while the Budget estimated real GDP to be between 10-10.5 percent.

  • How the government resisted populist temptations to create a growth Budget Feb 08, 2021 06:39 PM IST

    How the government resisted populist temptations to create a growth Budget

    Economy in tatters, a raft of sectors batted by the virus crying for help, plenty of lobbying from all quarters. Yet the policymakers stuck to the task of creating a Budget affixed on growth goals. A behind-the-scenes look at what went into the making of Budget 2021.

  • Union finance ministry asks Kerala to begin land acquisition for Rs 64,000-cr speed rail project Feb 07, 2021 06:16 PM IST

    Union finance ministry asks Kerala to begin land acquisition for Rs 64,000-cr speed rail project

    In a letter to chief minister Pinarayi Vijayan, dated January 5, Union finance minister Nirmala Sitharaman asked Kerala Rail Development Corporation (K-Rail), the nodal implementation agency, to expedite land acquisition for the most ambitious project of the state till date after obtaining necessary clearances.

  • Ease of Doing Business | Four more states complete reforms, permitted extra borrowing of Rs 5,034 crore Feb 06, 2021 08:42 PM IST

    Ease of Doing Business | Four more states complete reforms, permitted extra borrowing of Rs 5,034 crore

    A total of 12 states in India have so far completed the ease of doing reforms - which are aimed at increasing private investment and creating an atmosphere conducive for business.

  • Budget 2021 | SEBI assigned new responsibility as Gold Spot Exchange regulator Feb 01, 2021 05:38 PM IST

    Budget 2021 | SEBI assigned new responsibility as Gold Spot Exchange regulator

    In the budget of 2018-19, the government had announced its intent to establish a system of regulated gold exchanges in the country. For this purpose, SEBI will be notified as to the regulator. For warehousing purposes, the government has appointed Warehousing Development and Regulatory Authority as a regulator.

  • Union Budget 2021 | Key takeaways from FM Nirmala Sitharaman's plan for India Feb 01, 2021 11:34 AM IST

    Union Budget 2021 | Key takeaways from FM Nirmala Sitharaman's plan for India

    From boosting healthcare, giving infrastructure a big push and extending support to the agriculture sector, Finance Minister Nirmala Sitharaman in her Budget laid out India's path to economic recovery. Here are all the highlights:

  • Budget eve cheer for FM | January 2021 GST collection touches record Rs 1.20 lakh crore Jan 31, 2021 08:37 PM IST

    Budget eve cheer for FM | January 2021 GST collection touches record Rs 1.20 lakh crore

    This is the highest GST revenue the government has collected since the rollout of the Goods and Services Tax regime.

  • Budget 2020 Quick Recap: Key points from Nirmala Sitharaman's last financial blueprint Jan 29, 2021 08:34 AM IST

    Budget 2020 Quick Recap: Key points from Nirmala Sitharaman's last financial blueprint

    A month after the rollout of Budget 2020, the country was hit by the COVID-19 jolt. The pandemic brought most economic activities to a standstill, as a countrywide total lockdown was imposed.

  • Explained| Questions the Economic Survey 2021 will answer Jan 29, 2021 08:19 AM IST

    Explained| Questions the Economic Survey 2021 will answer

    The Economic Survey usually provides detailed account of the state of the economy, prospects and the policy challenges. Here is what we can look forward to this year

  • FM Nirmala Sitharaman will present dressed-up revised estimates for 2020-21 in budget: Congress Jan 28, 2021 04:06 PM IST

    FM Nirmala Sitharaman will present dressed-up revised estimates for 2020-21 in budget: Congress

    At a press conference, former finance minister P Chidambaram also demanded that the government should make direct cash transfers to 20-30 per cent of the families at the bottom of the economy at least for a period of six months.

  • Finance Ministry releases Rs 12,351 crore to 18 states for RLB grant Jan 27, 2021 05:40 PM IST

    Finance Ministry releases Rs 12,351 crore to 18 states for RLB grant

    This amount is the second instalment of basic grants released in the financial year 2020-21, the ministry said in a statement.

  • Budget 2021 Highlights | 41% CEOs expect 2021 budget to be a milestone budget: CNBC-TV18 survey Jan 27, 2021 10:20 AM IST

    Budget 2021 Highlights | 41% CEOs expect 2021 budget to be a milestone budget: CNBC-TV18 survey

    Budget 2021 Highlights: The Budget Session will commence from January 29 and the first part of it will conclude on February 15

  • Finance Ministry releases weekly instalment of Rs 6,000 crore to states meet GST shortfall Jan 25, 2021 02:41 PM IST

    Finance Ministry releases weekly instalment of Rs 6,000 crore to states meet GST shortfall

    Till now, 70 per cent of the total estimated GST compensation shortfall has been released to the states and union territories (UTs) with legislative assembly.

  • Finance Ministry allows Madhya Pradesh to raise Rs 1,423 crore additional fund through market borrowing Jan 19, 2021 05:02 PM IST

    Finance Ministry allows Madhya Pradesh to raise Rs 1,423 crore additional fund through market borrowing

    Successful implementation of the reform has made the state eligible to mobilise additional financial resources equivalent to 0.15 per cent of its Gross State Domestic Product (GSDP).

  • FinMin releases weekly instalment of Rs 6,000 crore to states to meet GST compensation shortfall Jan 18, 2021 07:13 PM IST

    FinMin releases weekly instalment of Rs 6,000 crore to states to meet GST compensation shortfall

    The ministry in a statement said it has released the 12th weekly instalment of Rs 6,000 crore to the states to meet the GST compensation shortfall.

  • UKIBC urges Government for parity in corporate tax for foreign and domestic firms Jan 15, 2021 03:13 PM IST

    UKIBC urges Government for parity in corporate tax for foreign and domestic firms

    Currently, the corporate tax rates for Foreign Companies are 43.68 percent and for Domestic Companies is 25.17 percent .

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