NEW DELHI :Robust investment activity and strong private consumption demand will drive the Indian economy in FY25 amid sluggish global growth, the finance ministry on Friday said in its economic review for February. However, challenges such as the impact of the ongoing crisis in the Red Sea and rising crude oil prices loom over the …
NEW DELHI :A large number of Union ministries had utilised only about two-thirds of their revised budgetary allocations for 2023-24 in the first nine months of the financial year. The actual total expenditure between April and December was ₹30.41 trillion, against the revised allocation of ₹44.90 trillion for 56 ministries, the Union finance ministry said …
The Ministry of Finance’s recently released report, ‘The Indian Economy – A Review’, has lauded India’s digital transformation, highlighting the success of the Digital Public Infrastructure (DPI) and its significant role in delivering services with a citizen-centric focus. ALSO READ | Finance Ministry’s Latest Report Highlights 8% Industrial Growth Trajectory Fuelled by Make in India, …
The Finance Ministry has raised import duties on gold and silver findings, coins of precious metals, and spent catalysts containing precious metals. This has been done to end tax advantage in importing gold and silver in findings form than in bar According to the Finance Ministry, import duty on gold and silver findings and coins …
Central and state governments collected ₹1,64,882 crore ( ₹1.65 trillion) in goods and services tax (GST) revenue in December, a notch below the average so far this year of ₹1.66 trillion per month, but still a 10.3% jump from a year ago. The Centre and states had collected around ₹1.5 trillion in December 2022. The …
India’s economy is expected to comfortably surpass the government’s growth estimate of 6.5 per cent in FY24, the Finance Ministry said in its half-yearly economic review report, released on December 29. The Finance Ministry said the momentum the Indian economy gained in the second quarter of FY24 is likely to be sustained in the following …
The Indian government’s decision to block URLs of nine offshore exchanges and issue them show cause notices on Thursday came after an official request asking for the same from the Indian crypto and Web3 association’s advocacy body, a letter viewed by CoinDesk shows. The letter dated Dec. 16 was written by the Bharat Web3 Association’s …
The Indian government has issued compliance show cause notices to nine offshore crypto exchanges under its Prevention of Money Laundering Act (PMLA), it announced on Thursday. The notices were issued by India’s Financial Intelligence Unit (FIU) which falls under the nation’s Finance Ministry. Binance, KuCoin, Huobi, Kraken, Gate.io, Bittrex, Bitstamp, MEXC Global and Bitfinex are …
The Finance Ministry is likely to meet Public Sector Undertaking (PSU) banks on matters related to insolvency. Sources told ET NOW that the crucial meeting between representatives of PSU banks and finance ministry officials is expected to take place on Friday, December 22. Crucial meeting between Finance Ministry and PSU banks on Friday – Inside …
Image Source : PTI REPRESENTATIVE IMAGE Gross GST collections in September 2023 stood at Rs 1,62,712 crore, which is 10 per cent higher as compared to last year, according to the data released by the Finance Ministry on Sunday. It is the fourth time that the gross GST collection has crossed the Rs 1.60 lakh …