Friday, 20 May, 2022
TopicFinance ministry

Topic: finance ministry

GST revenue at over Rs 1.16 lakh crore in July, 33% higher than in same month last year

Goods and Services Tax (GST) collection in July 2020 was Rs 87,422 crore. It was Rs 92,849 crore in June this year.

Modi govt is confident ‘largest listing’ LIC IPO will earn over Rs 1 lakh crore this fiscal

Government of India plans to dilute 10% of its stake in the country’s largest life insurer whose valuation is expected to exceed Rs 10 lakh crore.

Finance ministry issues orders to implement Cabinet decision to hike DA, DR from 1 July

The Union Cabinet on 14 July had decided to restore Dearness Allowance and Dearness Relief for central government employees and pensioners while increasing the rate of allowance to 28%.

Indian economy showing signs of revival from second Covid wave, says finance ministry

Releasing it’s monthly economic report for June, the ministry further said that a health monsoon, increasing Kharif sowing, and unlocking of states is expected to ease inflation.

India to take legal recourse over Cairn Energy’s confiscation of Paris assets worth Rs 180 cr

Cairn Energy has been moving aggressively to push the Modi govt to comply with the $1.7 billion arbitration award that it won in December 2020 in the retrospective taxation case.

GST revenue collection drops below Rs 1 lakh crore in June after 8 months

Finance ministry said the GST revenue for June stood at Rs 92,849 crore, a 2% increase over the same month a year ago.

What is global minimum tax 130 countries agreed to be part of & why it’s important for India

ThePrint explains the fine print of global minimum tax, what is India’s stance on the issue, and what will its implementation mean.

Over 54,400 GST payers to get appreciation certificates from finance ministry

The beneficiaries were identified by the Central Board of Indirect Taxes and Customs 'for making a substantial contribution' in payment of GST in cash and timely filing of returns.

GST increased tax compliance, over 66 cr returns filed in 4 years, finance ministry says

With the GST completing four years on 1 July, the finance ministry asserted that the tax regime was both 'consumer and taxpayer-friendly'.

Nirmala Sitharaman announces new Covid recovery package, expands credit relief

Among other measures, Sitharaman also extended Rs 23,220 crore of funding for setting up paediatric care at hospitals and also waived visa fee for foreign tourists.

On Camera

YourTurn

PT Pertamina Balongan refinery in Indramayu, Indonesia | Representational image | Bloomberg

Asian refiners to ramp up gasoline exports to US as sky-high prices beckon

In Asia, gasoline margins have doubled to more than $33 a barrel since the end of March and have edged above those for diesel, which have eased from a peak in early May.

Defence

File photo of a defence personnel armed with a SiG 716 rifle near the Line of Control | Photo: Snehesh Alex Philip | ThePrint

India to ink ‘repeat order’ deal for 73,000 SiG 716 rifles from the US

In February 2019, 72,400 SiG 716 rifles of 7.62 x 51mm calibre were contracted from SIG Sauer Inc, USA, under government's 'Buy (Global) category', through fast track procedure.

How Congress is like the Ambassador & why Indian politics needs a brand new set of wheels

Like the car, nothing the party has done to reinvent itself has worked. Only way forward is to offer something looking towards the future, not in image of glorious past.
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