Home » finance ministry

You Searched For "finance ministry"

The government is considering converting GST Network- which is handling the IT infrastructure of the new indirect tax regime - into a state-owned company, an official source said.

No GST on flats with completion certificates: Govt

The ministry also asked the builders to reduce the prices of properties by passing on the benefit of lower GST rate.

9 Dec 2018 5:39 AM IST

Finance Ministry

PCA: Finance Ministry to review steps taken by banks

Under the PCA, banks face restrictions on distributing dividends and remitting profits.

17 May 2018 9:13 AM IST

The government is considering converting GST Network- which is handling the IT infrastructure of the new indirect tax regime - into a state-owned company, an official source said.

Free banking services out of GST net, says Finance ministry

Every bank offers a different slab of minimum balance to customers, based on which some free services are provided.

15 May 2018 4:38 PM IST

Over 17 lakh e-way bills for inter-state movement of goods have been generated by businesses and transporters since the launch of the GST anti-evasion measure on April 1.

E-way bill rollout due in Assam, Rajasthan this week

As per Finance Ministry, the e-way bill rollout has been scheduled for Wednesday (May 16) in Assam, and Sunday (May 20)...

15 May 2018 12:40 PM IST

IOCs current capacity stands at about 1.62 million bpd including 230,00 bpd controlled by its subsidiary Chennai Petroleum Corp.

Centre may cut excise duty on petrol, diesel

Government faced strong criticism for holding on to higher duty on petrol and diesel to meet revenue.

14 May 2018 9:17 AM IST

PNB has suspended 10 officers over the scam and referred the matter to CBI for investigation. (Photo: PTI)

PNB issued over 41,000 LoUs since 2011: Finance Ministry

Reserve Bank has stopped banks from issuing LoUs and Letters of Comfort for trade finance.

23 March 2018 10:49 AM IST

Healthcare services such as dialysis, pacemaker implantation, support devices in orthopaedics and cancer treatment could be costlier under GST.

CBEC to verify GST transitional credit claims of 50,000 taxpayers

GST collections in November stood at Rs 83,716 crore, December (Rs 88,929 crore) and January (Rs 88,047 crore).

19 March 2018 5:51 PM IST

According to sources in the finance department, the GST collection was not expected to be so high and hence it had asked the Centre for a compensation of Rs 6500 crore.

'Centre, States sanction Rs 10,000 cr refunds due to exporters'

GST Council, in its last meeting on March 10, has directed all States tax authorities to proactively clear refund...

17 March 2018 10:36 AM IST

Arun Jaitley said, the reservation formula for the Patel community is legally and constitutionally untenable. (Photo: PTI)

FinMin rejected highest number of RTI pleas in year of note ban:...

The Finance Ministry rejected 18.41 per cent of 1,51,186 applications received by it during the said period.

17 March 2018 10:02 AM IST

Ralhan said that petroleum exports which has a major contribution in the exports basket has continued to growth with a positive growth of well over eight per cent. (Representational Image)

E-commerce exports via all foreign post offices soon: Finance Ministry

Customs are proposing new simplified procedures for exports through India Post.

12 May 2018 2:57 PM IST

The government last year relaxed FDI norms in over a dozen sectors

Centre clears FDI proposals worth Rs 3,250 crore

Department of Economic Affairs stated that a total of five proposals were disposed of, out of which three were approved.

12 May 2018 11:02 AM IST

Reserve Bank of India, RBI, is a banking regulator. It also calculates and fixes repo rate. (Photo: AFP)

FinMin asks RBI to help ease industry troubles post LoU ban

Letters of credit and bank guarantees will continue upon meeting certain conditions.

30 March 2018 9:35 AM IST