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Thursday, May 23, 2024
TopicFinance ministry

Topic: finance ministry

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.

Finance ministry seeks details on Indians’ funds in Swiss banks from Switzerland authorities

The ministry said the Indian customer deposits in Swiss banks have fallen since 2019 and recent figures don't indicate the quantum of much-debated alleged black money held by Indians.

Growth will be hit in April quarter but impact will be less than first wave: Finance ministry

Earlier this week, RBI had also put out an optimistic statement saying the impact on economic activity from the Covid second wave will be minimal.

Selling defence land seen as only way to raise money for new modernisation fund

Draft cabinet note based on ministry’s comments is undergoing inter-ministerial consultations, but Department of Military Affairs had said selling land alone wouldn’t be enough.

Finance ministry is ‘insensitive’, allots less funds to cow mission, says panel of MPs

Standing Committee report says against proposed allocation of Rs 2,243.87 cr for 2021-22, animal husbandry department was given Rs 502.00 cr by finance ministry for Rashtriya Gokul Mission. 

Why Modi govt is expected to struggle to sell stakes in 2 listed insurance companies

New India Assurance and General Insurance Corporation were listed in 2017. SEBI norms mandate the govt to now raise public shareholding to 25% from the existing 15%.

Finance Ministry lifts embargo, permits all private banks to participate in govt business

This step is expected to further enhance customer convenience, spur competition and higher efficiency in the standards of customer services, an official statement said.

On Camera

Gen Sundarji gave a China strategy 4 decades ago. India failed to execute it at LAC in 2020

Even the worst critics of Gen Sundarji agree that no other General of the Indian Army possessed his intellectual depth, strategic perspective, and the will to transform. He dragged the Army by its bootstraps into the 21st century.

Lower oil prices lead to 4x profits for oil firms, bonanza for govt, but no relief for aam aadmi

Petrol & diesel prices have barely changed since June 2022, even though oil prices have fallen 28% since then. This has boosted profitability of OMCs and dividend payouts to govt.

‘Joint culture needed first’ — CDS Gen Chauhan outlines first steps on the road to theaterisation

ThePrint had reported earlier this month that while theaterisation is the ultimate goal, set to be rolled out one year from now, the focus is on structured jointness initiatives by 2024-end.

Abki baar 90 paar for Congress? Why even 30 more seats will ruffle BJP

Discussion about outcome of Lok Sabha polls continues to boil in cauldron of expectations only from BJP. Now reverse this equation, what if we asked about the performance of the 'loser'?