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Finance Minister Ministry

Individual Taxpayers With Income Marginally Over Rs 7 Lakh To Get Relief Under New Tax Regime

Under the revamped new tax regime, no tax would be levied for income up to Rs 3 lakh. Income between Rs 3-6 lakh would be taxed at 5 per cent; Rs 6-9 lakh at 10 per cent, Rs 9-12 lakh at 15 per cent, Rs 12-15 lakh at 20 per...

24 March 2023

Nirmala Sitharaman

Govt Not In 'Crazy Rush' To Sell Everything: FM Nirmala Sitharaman

Speaking at the Raisina Dialogue, the minister said that the country will have government-owned professionally run companies in four broad strategic sectors

05 March 2023

Nirmala Sitharaman

FM Says Budget For Poor, Common Man; New Tax Regime To Leave Higher Disposable Income In Hands Of People

The Budget for the fiscal year starting April (2023-24) also provides impetus to green growth, healthcare and keeping the economic engine running with record capital spending, she said.

10 February 2023

Nirmala Sitharaman

Finance Bill 2023: Lok Sabha Okays The Bill With 64 Official Amendments; Makes Way For GST Appellate Tribunal

As per the amendments proposed in the Finance Bill 2023,Lok Sabha on Friday, benches of the GST Appellate Tribunal would be set up in every state while there will be a principal bench in Delhi which will hear appeals related...

24 March 2023

The tax calculator is live on the income tax department's portal

Finance Ministry Puts Income Tax Calculator Live On Income Tax Department Portal

An Income-tax calculator is an online tool that helps to evaluate taxes based on a person’s income based on Union Budget 2023-24 announcement

21 February 2023

Budget 2023-24 Will Give Boost To Fund-Starved Sectors: MSME Secretary

Union Budget 2023-24 has given a boost to the fund-starved sector with higher credit flow and by simplifying compliances

09 February 2023

Nirmala Sitharaman

Finance Minister Proposes Panel To Look Into Issues Related To Government Employees' Pension

While moving the Finance Bill 2023 in the Lok Sabha for consideration and passage, the minister also said the RBI will look into the issues related to credit cards payments for foreign tours not being captured under...

24 March 2023

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Finance Minister Nirmala Sitharaman Addresses US-India Strategic Partnership Forum Members On Post-Budget Debrief

Finance Minister interpreted Budget 2023 with conversations pertaining to the government’s policies and priorities in this budget, highlighting green energy, infrastructure, the digital economy, and skilling the workforce,...

06 February 2023

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04 February 2023
Lab Grown Diamonds To Be Produced Indigenously To Reduce Import Dependency

Lab Grown Diamonds To Be Produced Indigenously To Reduce Import Dependency

Lab grown diamonds are eco-friendly diamonds that are absolutely real, but at the same time planet friendly because they are not mined but instead grown above...


03 February 2023
Central Board of Direct Taxes Will Issue Scheme For Budget Proposal To Dispose Small Appeals: Chairperson Nitin Gupta

Central Board of Direct Taxes Will Issue Scheme For Budget Proposal To Dispose Small Appeals: Chairperson Nitin Gupta

The CBDT chief said the board will "divert" manpower from its present cadre to man the 100 posts of joint commissioner for this purpose


03 February 2023
Budget Focusses On Farming Sector, Adopting Sustainable Technologies: Industry

Budget Focusses On Farming Sector, Adopting Sustainable Technologies: Industry

This year the budget has given priority to farming sector and adoption of sustainable technologies


02 February 2023
Seed Industry Concerns Not Addressed In Budget: FSII

Seed Industry Concerns Not Addressed In Budget: FSII

Concerns of the seed industry have not been addressed in the Budget but it has many other positive announcements for agriculture in general, Federation of Seed...


01 February 2023
Budget 2023-24: Jammu And Kashmir Gets Rs 35,581.44 Crore

Budget 2023-24: Jammu And Kashmir Gets Rs 35,581.44 Crore

According to the Budget papers, Rs 35,581.44 crore has been allocated to Jammu and Kashmir, of which Rs 33,923 crore is central assistance


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01 February 2023
Urban Infrastructure Development Fund To Be Allocated Rs 10,000 Crore Annually, Finance Minister Nirmala Sitharaman

Urban Infrastructure Development Fund To Be Allocated Rs 10,000 Crore Annually, Finance Minister Nirmala Sitharaman

A Urban Infrastructure Development Fund (UIDF) will be set up to ramp up infrastructure in tier-2 and tier-3 cities with an annual allocation of Rs 10,000...


01 February 2023
Budget Proposes Hike In TCS On Overseas Travel, Fund Remittances Out Of India To 20%

Budget Proposes Hike In TCS On Overseas Travel, Fund Remittances Out Of India To 20%

Also, 20 per cent TCS will be applicable in cases where funds in excess of Rs 7 lakh are sent out of India under the Liberalised Remittance Scheme of the RBI


01 February 2023
Allocated Adequate Funds To Scrap Old Vehicles Owned By Central Government: Finance Minister

Allocated Adequate Funds To Scrap Old Vehicles Owned By Central Government: Finance Minister

Presenting the Budget for 2023-24, she said replacing old polluting vehicles is an important part of greening the economy


01 February 2023
Finance Minister Provides Rs 35,000 Crore Outlay To Achieve Energy Transition, Net Zero Objectives In Budget

Finance Minister Provides Rs 35,000 Crore Outlay To Achieve Energy Transition, Net Zero Objectives In Budget

For energy transition, she told the House that this budget provides for Rs 35,000 crore for priority capital investment towards energy transition and net zero...


01 February 2023
BJP Plans Nationwide Campaign On Union Budget To Highlight Pro-People Measures

BJP Plans Nationwide Campaign On Union Budget To Highlight Pro-People Measures

The campaign will be coordinated by senior BJP leader Sushil Modi and conclude on February 12, they said.


25 January 2023
Budget 2023: GTRI Asks Government To Freeze Import Duties For Next Five Years

Budget 2023: GTRI Asks Government To Freeze Import Duties For Next Five Years

These suggestions will prepare India adequately to meet the challenging global economic environment, it said


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22 January 2023
Government May Not Announce Capital Infusion For PSU Banks In Budget 2023-24

Government May Not Announce Capital Infusion For PSU Banks In Budget 2023-24

Their capital adequacy ratio is much above the regulatory requirement and varies between 14-20 per cent


01 December 2022
Finance Ministry Invites Comments On Proposed Amendments To Insurance Act

Finance Ministry Invites Comments On Proposed Amendments To Insurance Act

The finance ministry said it is several steps to keep up with the changing times in the insurance industry. Read on to know more.


09 November 2022
B R Ambedkar's Statue Found Vandalised In Prayagraj

B R Ambedkar's Statue Found Vandalised In Prayagraj

On Wednesday, police said a statue of B R Ambedkar was damaged by unidentified persons at a village in Uttar Pradesh's Prayagraj district.


20 June 2022
FinMin Asks Banks To Expedite NPA Resolution; Focus On Credit Growth

FinMin Asks Banks To Expedite NPA Resolution; Focus On Credit Growth

The meeting was scheduled to be chaired by Finance Minister Nirmala Sitharaman, but she could not attend due to some other pressing engagement


28 April 2022
Finance Minister 'embarrassed' PM by putting out GST dues on day he admonished states: Chidambaram

Finance Minister 'embarrassed' PM by putting out GST dues on day he admonished states: Chidambaram

The Finance Ministry said the Centre has already released eight months of GST compensation dues to the states for the fiscal ended March 2022 and Rs 78,704...


03 April 2022
Goa CM Retains Home And Finance, Panaji MLA Monserrate Gets Revenue, Khaunte New Tourism Minister

Goa CM Retains Home And Finance, Panaji MLA Monserrate Gets Revenue, Khaunte New Tourism Minister

A notification allotting portfolios to the eight MLAs of BJP, who took oath on Mach 28 along with Sawant, was issued on Sunday.


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