Home » finance ministry

You Searched For "finance ministry"

Rupee on Monday made a strong comeback from its life-time low of 70.15 against the dollar and ended with a stellar 33 paise gain at 69.82 on heavy dollar unwinding and a robust rally in domestic equities. (Representational image)

FinMin in touch with RBI for market intervention to contain rupee...

Decline of rupee is not secular as the Indian currency has strengthened against British Pound, Euro, Chinese Yuan and...

11 Sept 2018 9:10 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.

Low GST collections ring alarm

GST collections stood at Rs 94,016 crore in May, Rs 95,610 crore in June, Rs 96,483 crore in July and Rs 93,960 crore in...

10 Sept 2018 9:13 AM IST

For FY 18, the fiscal deficit target was supposed to be 3 per cent but it may choose the upper band of 3.5 percent in the Union Budget.

Finance Ministry crafting strategy to boost GST revenues

Finance Secretary Hasmukh Adhia has started meeting with GST officers, both from central and state tax departments.

9 Sept 2018 12:29 PM IST

The other items include washing machines, speakers, radial car tyres, jewellery items, kitchen and tableware, certain plastic goods, and suitcases. (Photo: File)

ACs, flying gets costlier as Centre hikes import duty on non-essential...

Total import bill on account of shipment of these items into the country last fiscal was Rs 86,000 crore, Finance...

26 Sept 2018 8:33 PM IST

Reserve Bank of India (RBI) on Thursday directed all payment system operators in India to store data within the country.

FinMin, RBI working out mechanism to ensure smooth India-Iran trade

The commerce secretary says India will impose duties on imports within WTO norms.

26 Sept 2018 8:17 AM IST

However, imports too jumped 49 per cent to $37.88 billion in April 2016, pushing trade deficit to a 29-month high $13.2 billion

Duty hike on many products soon to support Rupee

The new list is likely to be announced on Wednesday.

24 Sept 2018 2:47 PM IST

Rupee on Monday made a strong comeback from its life-time low of 70.15 against the dollar and ended with a stellar 33 paise gain at 69.82 on heavy dollar unwinding and a robust rally in domestic equities. (Representational image)

Govt likely to announce lower borrowing programme next week: sources

Investors were also worried whether govt will be able to stick to its fiscal deficit target of 3.3 per cent of gdp.

22 Sept 2018 11:42 AM IST

Finance minister Arun Jaitley speaks during a press conference in New Delhi. (Photo: PTI)

Finance Ministry hikes interest rates on small savings

As per the finance ministry notification, the interest rate on popular PPF has been increased to 8 per cent for the...

21 Sept 2018 1:34 AM IST

Mr Gupta said that exports should be out rightly kept out of the purview of GST as paying the tax first and getting refund is cumbersome and is affecting exports.

Finance Ministry pegs dollar value at Rs 73.65 for computing import...

The conversion rate for computation of duty on export of goods has been fixed at Rs 71.95 to a dollar.

20 Sept 2018 6:39 PM IST

The move is expected to prompt banks to lower the deposit rate in line with the small savings rate as offered by the government.

Interest rate on small savings hiked after several yrs; PPF to fetch 8...

Interest on savings deposits has been retained at 4 per cent, annually.

20 Sept 2018 10:52 AM IST

Finance Minister Nirmala Sitharaman. (PTI Photo)

Finance ministry rubbishes reports of 20% cut in pensions to central...

The ministry clarified its position after reports that the government is planning to cut pensions

19 April 2020 2:27 PM IST

Government has released close to Rs 1.35 lakh crore to states and union territories towards GST compensation cess. (Photo- PTI)

Centre releases Rs 14,103 cr GST compensation cess to states

Centre has paid a total of Rs 34,053 crore pending GST compensation cess for October and November

8 April 2020 5:25 PM IST