Finance Ministry

The Palestinian Authority said on Sunday the Israeli finance ministry was continuing to withhold tax revenues and as a result only a part of public sector salaries would be paid this week, keeping up a squeeze on payrolls that has lasted for months.

Goods and Services Tax collections grew 12.4 per cent to a record high of Rs 2.10 lakh crore in April, aided by strong economic momentum and increased domestic transactions and imports, the finance ministry said today.

Union Minister Smriti Irani on Tuesday attacked the Congress over former RBI Governor Duvvuri Subbarao's claim that the finance ministry under Pranab Mukherjee and P Chidambaram used to pressure the RBI.

The finance ministry under Pranab Mukherjee and P Chidambaram used to pressurise the RBI to soften interest rates and present a rosier picture of growth to shore up sentiments, recalled former RBI Governor Duvvuri Subbarao in his memoir.

GST collections in March grew 11.5 per cent to Rs 1.78 lakh crore, buoyed by domestic transactions, the finance ministry said on Monday.

The Finance Ministry today said that there is no change in the new Income Tax regime for individuals in the financial year 2024-25, starting today.

The finance ministry on Monday said there is no change in the new income tax regime for individuals for the current fiscal year and individual taxpayers can opt out of the regime at the time of filing their ITR.

In a detailed note, the ministry explained that the new tax regime has low rates but fewer exemptions and deductions.

India's Financial Intelligence Unit (FIU) on Friday imposed a penalty of Rs. 5,49,00,000 ($662,565) on Paytm's banking arm, Paytm Payments Bank, for violations in reporting illegal money routed through its accounts, the country's finance ministry said.

Finance Minister Nirmala Sitharaman has taken a balanced approach in allocating funds to run policies, services, and activities under the Home Ministry in interim Budget 2024. For example, security related expenses have seen a hike of 22 per cent.

Finance Minister Nirmala Sitharaman today presented her sixth Union Budget in a row, equalling the record of former Prime Minister Morarji Desai. The Interim Budget indicated the government's focus on women, youth and farmers in an election year.

Economic Survey, an annual document released by the Finance Ministry, provides a detailed account of the state of the country's economy through various key indicators.

Ahead of the Interim Budget, a Finance Ministry report on Monday projected India's economic trajectory to potentially reach $7 trillion by 2030.

The traditional 'halwa ceremony', marking the final stage of the preparation process for interim Union Budget 2024, was held this evening at the Union Finance Ministry headquarters at North Block in Delhi.

Interested and eligible candidates can apply for the post by February 9, 2024.

The Palestinian Authority said on Sunday the Israeli finance ministry was continuing to withhold tax revenues and as a result only a part of public sector salaries would be paid this week, keeping up a squeeze on payrolls that has lasted for months.

Goods and Services Tax collections grew 12.4 per cent to a record high of Rs 2.10 lakh crore in April, aided by strong economic momentum and increased domestic transactions and imports, the finance ministry said today.

Union Minister Smriti Irani on Tuesday attacked the Congress over former RBI Governor Duvvuri Subbarao's claim that the finance ministry under Pranab Mukherjee and P Chidambaram used to pressure the RBI.

The finance ministry under Pranab Mukherjee and P Chidambaram used to pressurise the RBI to soften interest rates and present a rosier picture of growth to shore up sentiments, recalled former RBI Governor Duvvuri Subbarao in his memoir.

GST collections in March grew 11.5 per cent to Rs 1.78 lakh crore, buoyed by domestic transactions, the finance ministry said on Monday.

The Finance Ministry today said that there is no change in the new Income Tax regime for individuals in the financial year 2024-25, starting today.

The finance ministry on Monday said there is no change in the new income tax regime for individuals for the current fiscal year and individual taxpayers can opt out of the regime at the time of filing their ITR.

In a detailed note, the ministry explained that the new tax regime has low rates but fewer exemptions and deductions.

India's Financial Intelligence Unit (FIU) on Friday imposed a penalty of Rs. 5,49,00,000 ($662,565) on Paytm's banking arm, Paytm Payments Bank, for violations in reporting illegal money routed through its accounts, the country's finance ministry said.

Finance Minister Nirmala Sitharaman has taken a balanced approach in allocating funds to run policies, services, and activities under the Home Ministry in interim Budget 2024. For example, security related expenses have seen a hike of 22 per cent.

Finance Minister Nirmala Sitharaman today presented her sixth Union Budget in a row, equalling the record of former Prime Minister Morarji Desai. The Interim Budget indicated the government's focus on women, youth and farmers in an election year.

Economic Survey, an annual document released by the Finance Ministry, provides a detailed account of the state of the country's economy through various key indicators.

Ahead of the Interim Budget, a Finance Ministry report on Monday projected India's economic trajectory to potentially reach $7 trillion by 2030.

The traditional 'halwa ceremony', marking the final stage of the preparation process for interim Union Budget 2024, was held this evening at the Union Finance Ministry headquarters at North Block in Delhi.

Interested and eligible candidates can apply for the post by February 9, 2024.