Thu, Dec 12, 2024
Gross non-performing assets (NPAs) of public sector banks (PSBs) have declined to a decade low of 3.12 per cent at the end of September 2024 from a peak of 14.98 per cent in March 2018 on the back of measures like the 4Rs -- recognition, recapitalisation, resolution, and reform -- taken by the government, the finance ministry said on Thursday.
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Sun, Dec 08, 2024
Insurance Amendment Bill, which proposes 100 per cent FDI in the insurance sector, may not be introduced in Parliament in the ongoing session, sources said. Some finetuning may be required in the draft Bill after receiving comments from stakeholders, sources said.
Thu, Nov 28, 2024
The finance ministry has proposed to amend various provisions of the Insurance Act, 1938, including raising foreign direct investment (FDI) in insurance sector to 100 per cent, reduction in paid-up capital, and provision for composite licence.
Thu, Dec 30, 2021
According to the rules, a successful bidder awarded a government contract has to deposit a performance security of 5-10 per cent of the value of the contract with the government.
Wed, Dec 01, 2021
Goods and Services Tax (GST) collections jumped to over Rs 1.31 lakh crore in November, the second highest since its implementation in July 2017, in line with the trend in economic recovery, the finance ministry said on Wednesday.
Mon, Nov 22, 2021
The finance ministry has notified uniform 12 per cent GST rate on manmade fibre (MMF), yarn, fabrics and apparel, thereby addressing the inverted tax structure in the MMF textile value chain.
Fri, Oct 01, 2021
Zee Business correspondent Anurag Shah had an exclusive conversation with Bhagwat Karad, excerpts from the interview:-
Wed, Sep 29, 2021
External debt to GDP ratio rose marginally to 21.1 per cent from 20.6 per cent as at end-March 2020.
Tue, Jul 06, 2021
The Finance Ministry has extended deadlines for various income tax compliances.
During this month, the government has settled Rs 19,286 crore to CGST and Rs 16,939 crore to SGST from IGST as regular settlement.
Mon, Jul 05, 2021
7th Pay Commission DA News: No order has been issued for payment of increased DA, DR, Finance Ministry had confirmed on June 26.
Mon, Jun 28, 2021
On Monday, while addressing the media at the , Finance Minister Nirmala Sitharaman made an announcement of Rs 23,220 crore more for Public Health. The Finance Minister has also made announcements of certain other initiatives and schemes that will be undertaken.
The Narendra Modi Government today extended its flagship employment scheme - the Atmanirbhar Bharat Rojgar Yojana till 31 March 2022. The scheme was earlier open till 30 June 2021. The announcement was made by the Union Finance Minister Nirmala Sitharaman during a press conference.
Wed, Jun 23, 2021
To discuss the issues on the new ITR e-filing portal, a meeting was held between the senior officials of the Finance Ministry and Infosys, the vendor that provided this solution on Tuesday, June 22, 2021. The meeting was presided over by the Union Minister of Finance and Corporate Affairs Nirmala Sitharaman.
Tue, Jun 22, 2021
Even two weeks after the launch of the much-talked about new income tax return (ITR) e-filing portal, technical glitches continue to trouble the site. This issue will be taken by the officials of the Finance Ministry with Infosys, the vendor that provided this solution at a meeting today at 11 AM.
Sun, May 16, 2021
GST Council meeting date in 2021: In a major development, the GST Council will meet for the first time this year on May 28, through video conferencing.
Fri, Apr 09, 2021
The net direct tax collections for the financial year 2020-21 grew by around five percent , which represent over 104 per cent of the revised estimates of Rs. 9.05 lakh crore as compared to previous year, a Ministry of Finance said in a statement on Friday.
Mon, Mar 22, 2021
Ministry of Finance has issued a statement in which it said that taxpayers are free to utilise Input Tax Credit (ITC) available in their credit ledger as permissible by law to discharge their GST due for March month.
Sun, Mar 21, 2021
According to a latest development, the Finance Ministry on Saturday said it has not issued any instructions to officials to ask taxpayers to pay maximum GST liability in cash.
Thu, Dec 31, 2020
Income Tax Return Filing Deadline: In one of the biggest developments in terms of money matters and personal finance, the government on Wednesday extended the deadline to file income tax return (ITR) for individuals by 10 days to January 10, 2021
Wed, Dec 30, 2020
Income tax return filing due date: FOR INDIVIDUALS: Deadline for filing income tax returns by individuals extended by 10 days to January 10, 2021
Income tax return filing due date: Will Union Finance Minister Nirmala Sitharaman extend Income Tax Return (ITR) filing last date for tax payers?
Sun, Dec 20, 2020
The government had in May decided to link grant of additional borrowing permission to states with reforms undertaken by them to facilitate ease of doing business.
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