Category: Finance

Union Finance Minister Smt. Nirmala Sitharaman chairs meeting to review the preparedness of Public Sector Banks in wake of the stress in banking systems in the US and Europe Review focused on PSBs preparedness along with due diligence through adherence to the regulatory framework by focusing on risk management, diversification of deposits and assets base […]

Hon’ble Mr. Justice Dinesh Maheshwari, Judge, Supreme Court of India, will preside over as Chief Guest at inaugural function Hon’ble Mr. Justice Satish Chandra Sharma, Chief Justice of Delhi High Court, will be the Guest of Honour The Customs, Excise and Service Tax Appellate Tribunal (CESTAT) will commemorate 40 years of glorious and successful journey […]

On a pilot basis information of financial transactions pertaining to 68,000 cases from FY 2019-20 taken up for e-Verification e-Verification completed in approximately 35,000 cases out of 68,000 cases in the above pilot study The Income Tax Department has taken several progressive steps to encourage voluntary tax compliance and facilitate a transparent and non-intrusive tax […]

Union Minister for Finance and Corporate Affairs Smt. Nirmala Sitharaman virtually inaugurated Indian Customs EDI – Electronic Data Interchange – System (ICES) in recently operationalised two Land Customs Stations, Nagarakata in the districts of Jalpaiguri and Kulkuli in the district of Alipurduar in West Bengal. The delegates of the Royal Govt. of Bhutan, Govt. of […]

PFMS embodies spirit of “Whole of Government approach”: Union MoS Finance Shri Pankaj Chaudhary Ensure wider coverage of electronic billing to cover all payment and accounting offices: Finance Secretary The Civil Accounts Day was celebrated here today to mark the 47th foundation day of Indian Civil Accounts Service (ICAS) with Shri Pankaj Chaudhary, Union Minister of […]

The Directorate General of GST Intelligence (DGGI) and the National Forensic Sciences University (NFSU) today signed a Memorandum of Understanding (MoU) for setting up of digital forensic laboratories along with exchange of information and knowledge, technological advancement and skill development in the field of digital forensics. The MoU was signed by Shri Surjit Bhujabal, Pr. […]

As per the results of a large sample survey conducted at the national level by Ministry of Labour and Employment (MoLE) to assess employment generation under Pradhan Mantri Mudra Yojana (PMMY), the scheme helped in generating 1.12 crore net additional employment during a period of approximately 3 years (i.e. from 2015 to 2018). This was stated […]

The Union Minister of Finance and Corporate Affairs Smt. Nirmala Sitharaman presented the Union Budget 2023-24 in Parliament today. The highlights of the Budget are as follows: PART A Per capita income has more than doubled to ₹1.97 lakh in around nine years. Indian economy has increased in size from being 10th to 5th largest […]

UNION BUDGET 2023-24 PRESENTS VISION FOR AMRIT KAAL-BLUE PRINT FOR AN EMPOWERD AND INCLUSIVE ECONOMY THREE PRONGED FOCUS DRIVEN BY FOUR TRANSFORMATIVE OPPORTUNITIES CONSTITUTE FOUNDATION OF AMRIT KAAL CAPITAL INVESTMENT OUTLAY INCREASED BY 33% TO Rs. 10 LAKH CRORE EFFECTIVE CAPITAL EXPENDITURE AT 4.5% OF GDP FISCAL DEFICIT ESTIMATED TO BE 5.9 % OF GDP […]

INDIAN STOCK MARKETS OUTPERFORM PEERS IN FY 2022-23 INDIA REMAINS AN ATTRACTIVE DESTINATION FOR FOREIGN PORTFOLIO INVESTMENTS INDIA POISED TO EMERGE AS ONE OF THE FASTEST GROWING INSURANCE MARKETS INDIA’S PENSION SECTOR DEMONSTRATES REMARKABLE PERFORMANCE IN COVID-19 Economic Survey 2022-2023 highlights buoyant performance of the Indian capital markets in the past year, driven by increased […]