Remote LCS being EDI enabled will help in providing real-time data of movement of goods: Union Finance Minister

Union Finance Minister Smt. Nirmala Sitharaman launches Electronic Data Interchange (EDI) at remote Land Customs Stations in North Eastern States EDI enablement of customs stations is making tax system and customs procedures ‘faceless’ and ‘automated’: Revenue Secretary North Eastern Region (NER) holds a high geostrategic significance and carries an immense trade potential as the Land […]

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Union Finance Minister Smt. Nirmala Sitharaman interacts with start-up and fintech ecosystem stakeholders

Smt. Sitharaman asks regulators to hold monthly meeting with startups and fintech firms to address their issues and concerns DFS to ensure simplification and digitisation of KYC across all fintech segments Union Minister for Finance and Corporate Affairs Smt. Nirmala Sitharaman chaired a meeting with Start-up and FinTech Ecosystem Entities, in New Delhi, today. The […]

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Union Finance Minister chairs 28th meeting of Financial Stability and Development Council (FSDC) in New Delhi

FSDC members focus on strengthening inter-regulatory coordination in financial sector to support inclusive economic growth FSDC emphasises constant vigil and proactive efforts towards detecting emerging financial stability risks given domestic and global macro-financial situation The Council to formulate strategy to simplify and digitalise KYC process in financial sector; kickstart fund-raising by social enterprises through social […]

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Japan commits Official Development Assistance (ODA) loan of Japanese Yen (JPY) 232.209 billion for nine projects in various sectors in India

The Govt. of Japan has committed Official Development Assistance loan of an amount of JPY 232.209 billion for nine (09) projects in various sectors. The Notes were exchanged today between Mr. Vikas Sheel, Additional Secretary, Department of Economic Affairs, Ministry of Finance, Government of India, and Mr. Suzuki Hiroshi, Ambassador of Japan to India. The […]

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Finance Minister also releases three souvenir coins, available for purchase from the SPMCIL website

Union Finance Minister Smt. Nirmala Sitharaman presides over 19th Foundation Day celebrations of Security Printing and Minting Corporation of India Limited (SPMCIL) in New Delhi Smt. Sitharaman lauded SPMCIL for various initiatives to modernise operations and products with enhanced security Union Minister for Finance and Corporate Affairs Smt. Nirmala Sitharaman presided over the 19th Foundation Day […]

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16th Finance Commission

16th Finance Commission holds first meeting under Chairmanship of Dr. Arvind Panagariya in New Delhi The 16th Finance Commission (XVI-FC) held its first meeting under the Chairmanship of Dr. Arvind Panagariya in Jawahar Vyapar Bhawan, Janpath, New Delhi. The Chairman and Members were welcomed by Secretary, XVI-FC, Shri Ritvik Ranjanam Pandey and other officials of the […]

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SUMMARY OF THE INTERIM UNION BUDGET 2024-25

INDIA’S REAL GDP PROJECTED TO GROW AT 7.3 PER CENT IN FY 2023-24 FINANCE AND CORPORATE AFFAIRS MINISTER SMT NIRMALA SITHARAMAN PRESENTS THE INTERIM UNION BUDGET FOR 2024-2025 IN PARLIAMENT CAPITAL EXPENDITURE OUTLAY FOR THE NEXT YEAR IS BEING INCREASED BY 11.1 PER CENT TO RS 11,11,111 CRORE, WHICH WOULD BE 3.4 PER CENT OF […]

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10th Vibrant Gujarat Global Summit in Gandhinagar

GIFT City to be the gateway for India’s vision to become developed nation by 2047, says Union Finance Minister Smt. Nirmala Sitharaman at the 10th Vibrant Gujarat Global Summit in Gandhinagar The GIFT City is ideally poised to be the gateway for financial and investment hub and has an important role to play in fulfilling […]

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Income Tax Department conducts search operations in Mumbai

Income Tax Department initiated search and seizure operations in the case of a group, engaged in the manufacturing of wires and cables and other electrical items on 22.12.2023. Some of the authorised distributors of the group were also covered in the search. The search action was conducted at more than 50 premises located in Mumbai, […]

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Ministry of Finance Year Ender 2023: Department of Investment and Public Asset Management (DIPAM)

In the year 2023, the Department of Investment and Public Asset Management (DIPAM) demonstrated a steadfast commitment to value creation, strategic divestment, and consistent financial planning. One of the key highlights in 2023 was the emphasis on value creation in Central Public Sector Enterprises (CPSEs). Since the introduction of the New PSE policy in January […]

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