Finance Ministry

The Ministry of Finance on Monday approved a series of welfare measures for the benefit of Life Insurance Corporation of India (LIC) agents and employees according to a release from the Ministry.

The changes are also connected to linking of Aadhaar and PAN card and exchange of Rs 2,000 notes.

The government has exempted imports of LPG, liquified propane and liquified butane from 15 per cent agri cess with effect from Friday.

The total number of Jan Dhan accounts in the country has crossed 50 crore-mark, with 56 per cent of the accounts belonging to women, the finance ministry said on Friday.

The post said that one should look for the Document Identification Number (DIN), which is added to all communication from Indian Customs.

Banks have written off bad loans worth Rs 14.56 lakh crore in the last nine financial years starting 2014-15, Parliament was informed on Monday.

Japan's Ministry of Finance warned of a fake account for its top currency diplomat Masato Kanda on social media X, formerly known as Twitter, as the market fears a currency intervention amid the yen's drop to a one-month-low. The account, under the name "Masato Kanda", appeared to have been created in March and made only four posts to date.

A meeting of the GST Council is set to be held tomorrow via videoconferencing, where the members will discuss and take a final call on the proposal to levy 28 per cent GST on online gaming, casinos and horse racing, finance ministry officials said.

Central government officers will be entitled to mobile, laptop or similar devices costing up to Rs 1.3 lakh, which can be retained by them for personal use after 4 years.

Nine NCP MLAs who joined the Shiv Sena-BJP Maharashtra government last month, capping months of speculation about a rebellion, finally received their portfolios on Friday.

The Indian economy has carried the momentum from the past year into the current fiscal year and there has been no evidence by far that suggests a slowdown in the current financial year 2023-24, said the Department of Economic Affairs said.

GST collections rose 12 per cent to over Rs 1.61 lakh crore in June, the Finance Ministry said on Saturday.

Payments made by using international credit cards (ICC) during overseas visits will not attract Tax Collected at Source or TCS, as per the latest notification issued by the Finance Ministry.

Aam Aadmi Party (AAP) leader Atishi has been given additional charges of finance, planning and revenue in the Delhi cabinet.

While credit card spends overseas will not attract tax collected at source now as such transactions have been kept outside the liberalised remittance scheme, any international transaction conducted from India will attract the levy.

The Ministry of Finance on Monday approved a series of welfare measures for the benefit of Life Insurance Corporation of India (LIC) agents and employees according to a release from the Ministry.

The changes are also connected to linking of Aadhaar and PAN card and exchange of Rs 2,000 notes.

The government has exempted imports of LPG, liquified propane and liquified butane from 15 per cent agri cess with effect from Friday.

The total number of Jan Dhan accounts in the country has crossed 50 crore-mark, with 56 per cent of the accounts belonging to women, the finance ministry said on Friday.

The post said that one should look for the Document Identification Number (DIN), which is added to all communication from Indian Customs.

Banks have written off bad loans worth Rs 14.56 lakh crore in the last nine financial years starting 2014-15, Parliament was informed on Monday.

Japan's Ministry of Finance warned of a fake account for its top currency diplomat Masato Kanda on social media X, formerly known as Twitter, as the market fears a currency intervention amid the yen's drop to a one-month-low. The account, under the name "Masato Kanda", appeared to have been created in March and made only four posts to date.

A meeting of the GST Council is set to be held tomorrow via videoconferencing, where the members will discuss and take a final call on the proposal to levy 28 per cent GST on online gaming, casinos and horse racing, finance ministry officials said.

Central government officers will be entitled to mobile, laptop or similar devices costing up to Rs 1.3 lakh, which can be retained by them for personal use after 4 years.

Nine NCP MLAs who joined the Shiv Sena-BJP Maharashtra government last month, capping months of speculation about a rebellion, finally received their portfolios on Friday.

The Indian economy has carried the momentum from the past year into the current fiscal year and there has been no evidence by far that suggests a slowdown in the current financial year 2023-24, said the Department of Economic Affairs said.

GST collections rose 12 per cent to over Rs 1.61 lakh crore in June, the Finance Ministry said on Saturday.

Payments made by using international credit cards (ICC) during overseas visits will not attract Tax Collected at Source or TCS, as per the latest notification issued by the Finance Ministry.

Aam Aadmi Party (AAP) leader Atishi has been given additional charges of finance, planning and revenue in the Delhi cabinet.

While credit card spends overseas will not attract tax collected at source now as such transactions have been kept outside the liberalised remittance scheme, any international transaction conducted from India will attract the levy.