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Tuesday, November 4, 2025
TopicFinance ministry

Topic: finance ministry

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.

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.

On Camera

SRK is more Johnny Depp than Depp

SRK's impromptu party looked refreshingly ‘normal’ and as cool as the Birthday Boy himself. King of Kool could be another tag for the man who once declared himself 'the last of the stars'.

Nvidia worth $5 trillion: What does it mean for the market?

The chipmaker at the heart of the AI revolution may be the most influential stock in Wall Street history. Nvidia has been the primary driver of the market’s gains since the start of 2023.

Launch of India’s heaviest comms satellite is a level up for its soaring military ambitions. Here’s how

ISRO’s LMV3 rocket set off the CMS-03 satellite from Sriharikota Sunday. It weighs 4,410 kg, will primarily serve Indian Navy and has a life of at least 15 years.

Trump’s trade wars have rewritten powerplay, but India didn’t get the memo

This world is being restructured and redrawn by one man, and what’s his power? It’s not his formidable military. It’s trade. With China, it turned on him.