Category: Finance

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 […]

Indian economy staging a broad based recovery across sectors, positioning to ascend to pre-pandemic growth path in FY23 Retail inflation is back within RBI’s target range in November 2022 Direct Tax collections for the period April-November 2022 remains buoyant Enhanced Employment generation seen in the declining urban unemployment rate and in the faster net registration […]

Rs 1,55,922 crore gross GST revenue collected in the month of January 2023 Second highest collection ever, next only to the Rs 1.68 lakh crore gross collection in April 2022 GST collection crosses Rs 1.50 lakh crore mark for the third time in FY2022-23 Revenues in the current financial year upto January 2023 24% higher […]

INDIA TO WITNESS GDP GROWTH OF 6.0 PER CENT TO 6.8 PER CENT IN 2023-24, DEPENDING ON THE TRAJECTORY OF ECONOMIC AND POLITICAL DEVELOPMENTS GLOBALLY ECONOMIC SURVEY 2022-23 PROJECTS A BASELINE GDP GROWTH OF 6.5 PER CENT IN REAL TERMS IN FY24 ECONOMY IS EXPECTED TO GROW AT 7 PER CENT (IN REAL TERMS) FOR […]

The Inauguration Ceremony of the Induction Training for 76th batch of 59 IRS officers and 02 officers of the Royal Bhutan Service was conducted on 28th December, 2022 at the National Academy of Direct Taxes (NADT), Nagpur. Smt. Anuja Sarangi, Hon’ble Member, Central Board of Direct Taxeswas the Chief Guest on the occasion. Senior officers […]