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Wednesday, March 27, 2024
TopicFinance ministry

Topic: finance ministry

Private investment in India rose in Q1 of FY24, but its benefits went mostly to firms abroad

New Delhi: While private sector investment picked up in the April-June quarter of this financial year, this was concentrated in the transport sector, especially aviation,...

Govt removes TCS on credit card payments abroad, 20% tax on other foreign transactions effective 1 Oct

According to May notification, credit card payments abroad would've attracted 20% tax collected at source. New rate on other foreign transactions to apply only if it exceeds Rs 7 lakh, says govt.

Centre approves states’ investment proposal worth $6.9 bn under infrastructure scheme

Finance Ministry said the capital investment projects will be implemented in sectors like health, education, irrigation, water supply, power and roads among others.

SpiceJet to use emergency credit from govt for reviving 25 grounded planes

Budget carrier to draw funds from Emergency Credit Line Guarantee Scheme (ECLGS) scheme. It has already mobilised around Rs 400 crore for the purpose.

Centre raises interest rates by 0.7% on small saving schemes for April-June quarter

While interest rates for PPF & savings deposits have been retained at 7.1% & 4%, respectively, there has been an increase of 0.1% to 0.7% in other saving schemes, the finance ministry said.

Exports may see tepid growth in 2023, says Finance Ministry

Global trade growth fell in 2022, 'and is expected to be still lower in 2023 with a further decline in volume & value of trade on the back of slowing global output,' the ministry said.

Jet, set, no-go: Indian officials sent back from Fiji after govt trims clearances for Hindi meet

Four days before the 15 February start of the World Hindi Conference in Fiji, the Finance Ministry cut the number of officials on the Indian delegation list from 165 to 51.

Finance Minister Nirmala Sitharaman admitted to AIIMS but fine, report says

Sitharaman was hospitalized around noon, based on reports. The Finance ministry is yet to respond regarding her condition.

It’s time to end Budget secrecy, deal final blow to India’s colonial hangover

Budget secrecy isn't needed for a number of reasons, and doing away with it would actually benefit India's policymakers.

Govt should stop ‘chasing high divestment targets’, says finance ministry official

The finance ministry official says to focus on privatisation of state-run companies instead, pointing to market volatility and investors' shaky appetite for risk.

On Camera

China’s growing influence in Indian Ocean is worrying. It harms the region’s stability

The 99-year lease of Hambantota to China, amid Sri Lanka’s economic challenges, underscored Beijing’s weaponisation of the Belt and Road Initiative.

Why Tamil Nadu’s women make up nearly half of India’s female factory workforce

With an educated & skilled workforce, Tamil Nadu has a burgeoning industrial sector which has scored massive investments in automobiles, electronics, and even footwear.

Taiwan reports Chinese military activity around the island

Taiwan has detected a total of 301 Chinese military aircraft and 165 Chinese naval vessels so far in 2024.

For BJP, Kejriwal is an idea whose time has come to be destroyed

The ‘idea’ Kejriwal's politics grew around was a no-holds-barred fight against corruption. That is the reason Modi govt has now tarred him and his entire party with the same paint.