Image Source : PTI (FILE) Gas cylinder LPG: The government has exempted imports of LPG, liquified propane and liquified butane from 15 per cent agri cess with effect from today (September 1). The government had in July imposed a 15 per cent agri cess on imports of these goods. The Finance Ministry in a notification …
Image Source : PTI Vegetable prices likely to cool down next month The government expects vegetable prices to start cooling off from next month with the advent of new crops in the market, but rising crude oil prices is a concern even though it is still within the tolerable zone of USD 90 a barrel, …
Image Source : PIXABAY Representational picture of Indian currency notes The central government’s debt has witnessed a significant increase over the past nine years, with a 174% rise in total debt and a 100% surge in external debt between 2013–14 and 2022–23. External debt forms a part of the government’s overall debt. The central government’s …
Image Source : PTI RBI Governor pitches for completion of quota review at IMF, says ‘Urgent need to enhance green capital flows’ Reserve Bank Governor Shaktikanta Das emphasized the need to enhance green capital flows and urged for the completion of the general review of quotas at the International Monetary Fund (IMF) on Friday. During …
Image Source: INDIA TV GST collections in July Official data reveals that the Goods and Services Tax (GST) revenue collected in July 2023 amounted to Rs 165,105 crore. It indicates that the GST revenues generated in July were 11% higher compared to the same month in 2022. As per a release by the Minister of …
Image Source : PTI Union Finance Minister Nirmala Sitharaman briefs the media after the 50th GST Council meeting, in New Delhi. Highlights of the 50th GST Council Meeting 50th GST Council Meeting: What Will be Affected? Cancer-related drugs, medicines for rare diseases, and food products for special medical purposes will now be exempted from …
Image Source: PTI TCS won’t be charged for payments using ICC during overseas visits: Finance Ministry The finance ministry issued a notification on Friday stating that payments made using international credit cards (ICC) during overseas visits will not be subject to Tax Collected at Source (TCS). Addressing the controversy surrounding ICC usage, the ministry amended …
Image Source: PTI Direct Tax collections for FY23 jump 11% YoY, reaching Rs 3.80 lakh cr: Finance Ministry According to the Finance Ministry, direct tax collection for the current fiscal year has increased by 11.18% to Rs 3.80 lakh crore as of June 17. As of June 17, the Advance Tax collections for the April-June …