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Thursday, August 21, 2025
TopicFinance ministry

Topic: finance ministry

Bank of Baroda withdraws order reducing free cash transactions due to ‘Covid situation’

Finance ministry says other PSBs have also intimated that they do not propose to raise bank charges in the near future 'in view of the Covid pandemic’.

Govt extends deadline for filing income tax return till 31 December

Earlier in May, the govt had extended the date for filing ITR for FY2019-20 from 31 July to 30 November to give compliance relief to taxpayers.

States won’t move court over GST compensation, but want higher payout

The softened stance comes after the Centre agreed to borrow up to Rs 1.1 lakh crore to meet part of the GST compensation shortfall.

Centre to borrow up to Rs 1.1 lakh crore on behalf of states to bridge GST shortfall

The Finance Ministry says the amount borrowed will be passed on to the States as a back-to-back loan in lieu of GST Compensation Cess releases.

Govt open to announcing more measures to boost demand, finance ministry says

Govt has been stressing on the need for a fiscally prudent approach at a time when economists have suggested the Centre should increase spending to revive the economy.

No power at Finance Ministry & what may happen if Amit Shah’s post-poll ‘conscience’ awakens

The best cartoons of the day, chosen by the editors at ThePrint.

India may have crossed Covid peak, stage set for economic recovery, says finance ministry

In its economic outlook for September, finance ministry claims economic recovery may have gained momentum on account of govt’s economic package as well as Unlock. 

GST collections rise by 4% to Rs 95,480 crore in September

The tax collections from import of goods and domestic transaction were 102% and 105% respectively, of the revenues during the same month last year.

Govt to borrow Rs 4.34 lakh cr in second half of 2020-21 to meet expenses amid Covid crisis

The government is sticking to Rs 12 lakh crore borrowing target for the current fiscal, Economic Affairs Secretary Tarun Bajaj said.

Fireworks in Lok Sabha as opposition & Modi govt lock horns on ‘black hole’ PM-CARES

The exchange came as Lok Sabha debated the Taxation and Other Laws (Relaxation and Amendment of Certain Provisions) Bill 2020, which was eventually passed Saturday.

On Camera

Tariffs, chips, and China — how Trump’s trade playbook affects India

Trump’s OBBB is framed to augment domestic semiconductor production and enhance trade protection, even at the expense of certain social programs such as Medicaid, food stamps, and student loans, as well as a projected ballooning federal deficit from US$2.8 to 3.3 trillion

New insolvency frameworks to shorter timelines, how 2025 amendment bill proposes to transform IBC

New bill aims to fix key issues with IBC 2016, including delays & patchy implementation, and protect creditors, with window for genuine promoters to retain control of their companies.

First-of-its kind tri-services conference Ran Samvad to take place in Army War College next week

Billed as the military’s own version of Raisina Dialogue, the event will spotlight on tech-driven warfighting, lessons from Operation Sindoor and release of three new doctrines.

War of IAF, PAF doctrines: As Pakistan obsesses over numbers, India embraces risk, wins

Now that both IAF and PAF have made formal claims of having shot down the other’s aircraft in the 87-hour war in May, we can ask a larger question: do such numbers really matter?