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Government's Big Move To Check Inflated Hospital Bills Due To Insurers: Report
India plans to bring an existing health insurance claims portal under the finance ministry and insurance regulator to curb overcharging by healthcare providers, a government source told Reuters.
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China Rolls Over $3.4 Billion Of Commercial Loans To Pakistan: Report
China has rolled over $3.4 billion in loans to Islamabad, which together with other recent commercial and multilateral lending will boost Pakistan's foreign exchange reserves to $14 billion, a finance ministry source said.
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Scenarios Where New Long-Term Capital Gains Tax Structure Is Beneficial
One of the benefits of simplification of any tax structure is that it removes differential rates for various classes of assets, Finance Ministry sources said, responding to feedback from the public on the changes in LTCG tax.
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Ministry's Clarification On Tax On Overseas Spending Through Credit Cards
The government on Friday said no TCS will be levied on international spending of up to Rs 7 lakh a year by using debit or credit cards.
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Japan Said to Step Up Efforts in Issuing Digital Yen With Creation of New Panel, Start of Pilot Programme
Japan is stepping up efforts toward issuing a digital yen with the creation of a government advisory panel and the launch of a pilot programme, joining a growing number of countries exploring a central bank digital currency (CBDC). The finance ministry is said to set up a panel of experts as early as April to discuss the feasibility of issuing a di...
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Rupee At All-Time Low, Finance Ministry Sources Say Not Due To Economy
Despite the decision to extend the free ration scheme for the seventh time, the fiscal deficit will still meet the budget target of 6.4 per cent of the GDP for this year, a Finance Ministry official added.
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Russia To Spend $600 Billion On Defence And Security By 2025: Report
Russia is planning to spend a total of 34 trillion roubles ($600 billion) on national defence, security and law enforcement between 2022 and 2025 under its latest expenditure plan, a source familiar with finance ministry calculations told Reuters.
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Huawei Said to Be Accused of Tax Evasion in India
An Indian tax investigation on China's Huawei has found that the telecom equipment maker manipulated account books to reduce its taxable income in the country, an Indian government source said.
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New Vaccine Plan To Cost Rs 50,000 Crore, Say Finance Ministry Sources
A day after Prime Minister Narendra Modi announced that the Centre is taking back vaccine-buying from states, the Finance Ministry said the programme will cost around Rs 50,000 crore and the government has the money.
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Covid-Linked Supply From China Allowed As States Look For Vaccines Abroad
he cut-off date for import of Covid-related supplies from China -- which had ended on March 31 - has been extended, finance ministry sources told NDTV today .
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Rs 4,500 Crore Move By Government To Get More Vaccines: Sources
The centre has given 100 per cent advance to two of India's Covid vaccine manufacturers till July, senior sources in the Finance Ministry told NDTV on Monday
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Rising Invoice Fraud Top Agenda On GST Council Meet On Wednesday: Sources
The law committee of the goods and services tax (GST) council will meet on Wednesday in Delhi to discuss invoice frauds, tightening of registration process and consider amendments in the GST law, Finance Ministry sources have said.
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Economic Trends Dispel Myth Of No Consensus In Decisions: Government Sources
Recent trends in economic recovery show that the centre has been taking all possible measures to mitigate the impact of the coronavirus crisis, Finance Ministry sources have said. Media reports had claimed the government lacks consensus at the highest levels while pushing fiscal stimulus and packages.
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No "Diversion" Of GST Compensation, Says Centre After Auditor's Report
Sources in the Finance Ministry have dismissed allegations ofa "diversion" of Rs 47,271 crore from the GST Compensation Cess Fund and saidall amounts due to state and union territories for 2017/18 and 2018/19 had been fully paid
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13 States Opt For Centre's "Borrow" Plan Amid GST Compensation Row
Thirteen states have given their borrowing options proposed by the goods and services tax council to meet shortfall in compensation from the centre amid the coronavirus pandemic, sources in the Finance Ministry have said. Six more states - Goa, Assam, Arunachal Pradesh, Nagaland, Mizoram and Himachal Pradesh - will give their option in a day or two...
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Government's Big Move To Check Inflated Hospital Bills Due To Insurers: Report
India plans to bring an existing health insurance claims portal under the finance ministry and insurance regulator to curb overcharging by healthcare providers, a government source told Reuters.
-
China Rolls Over $3.4 Billion Of Commercial Loans To Pakistan: Report
China has rolled over $3.4 billion in loans to Islamabad, which together with other recent commercial and multilateral lending will boost Pakistan's foreign exchange reserves to $14 billion, a finance ministry source said.
-
Scenarios Where New Long-Term Capital Gains Tax Structure Is Beneficial
One of the benefits of simplification of any tax structure is that it removes differential rates for various classes of assets, Finance Ministry sources said, responding to feedback from the public on the changes in LTCG tax.
-
Ministry's Clarification On Tax On Overseas Spending Through Credit Cards
The government on Friday said no TCS will be levied on international spending of up to Rs 7 lakh a year by using debit or credit cards.
-
Japan Said to Step Up Efforts in Issuing Digital Yen With Creation of New Panel, Start of Pilot Programme
Japan is stepping up efforts toward issuing a digital yen with the creation of a government advisory panel and the launch of a pilot programme, joining a growing number of countries exploring a central bank digital currency (CBDC). The finance ministry is said to set up a panel of experts as early as April to discuss the feasibility of issuing a di...
-
Rupee At All-Time Low, Finance Ministry Sources Say Not Due To Economy
Despite the decision to extend the free ration scheme for the seventh time, the fiscal deficit will still meet the budget target of 6.4 per cent of the GDP for this year, a Finance Ministry official added.
-
Russia To Spend $600 Billion On Defence And Security By 2025: Report
Russia is planning to spend a total of 34 trillion roubles ($600 billion) on national defence, security and law enforcement between 2022 and 2025 under its latest expenditure plan, a source familiar with finance ministry calculations told Reuters.
-
Huawei Said to Be Accused of Tax Evasion in India
An Indian tax investigation on China's Huawei has found that the telecom equipment maker manipulated account books to reduce its taxable income in the country, an Indian government source said.
-
New Vaccine Plan To Cost Rs 50,000 Crore, Say Finance Ministry Sources
A day after Prime Minister Narendra Modi announced that the Centre is taking back vaccine-buying from states, the Finance Ministry said the programme will cost around Rs 50,000 crore and the government has the money.
-
Covid-Linked Supply From China Allowed As States Look For Vaccines Abroad
he cut-off date for import of Covid-related supplies from China -- which had ended on March 31 - has been extended, finance ministry sources told NDTV today .
-
Rs 4,500 Crore Move By Government To Get More Vaccines: Sources
The centre has given 100 per cent advance to two of India's Covid vaccine manufacturers till July, senior sources in the Finance Ministry told NDTV on Monday
-
Rising Invoice Fraud Top Agenda On GST Council Meet On Wednesday: Sources
The law committee of the goods and services tax (GST) council will meet on Wednesday in Delhi to discuss invoice frauds, tightening of registration process and consider amendments in the GST law, Finance Ministry sources have said.
-
Economic Trends Dispel Myth Of No Consensus In Decisions: Government Sources
Recent trends in economic recovery show that the centre has been taking all possible measures to mitigate the impact of the coronavirus crisis, Finance Ministry sources have said. Media reports had claimed the government lacks consensus at the highest levels while pushing fiscal stimulus and packages.
-
No "Diversion" Of GST Compensation, Says Centre After Auditor's Report
Sources in the Finance Ministry have dismissed allegations ofa "diversion" of Rs 47,271 crore from the GST Compensation Cess Fund and saidall amounts due to state and union territories for 2017/18 and 2018/19 had been fully paid
-
13 States Opt For Centre's "Borrow" Plan Amid GST Compensation Row
Thirteen states have given their borrowing options proposed by the goods and services tax council to meet shortfall in compensation from the centre amid the coronavirus pandemic, sources in the Finance Ministry have said. Six more states - Goa, Assam, Arunachal Pradesh, Nagaland, Mizoram and Himachal Pradesh - will give their option in a day or two...
