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Latest Articles in finance ministry

Jobs: Despite Rising Issues, Blockchain Jobs Gaining Prominence

According to the job site Indeed, there has been a material increase in not only the number of searches related to cryptocurrency, but also in the number of blockchain related job postings on the portal

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Union Budget 2018: Eyeing The Lens Of The FinMin

Listed below are some key expectations from direct tax perspective that may find place in Budget 2018

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FM Launches Options Trading In Guarseed; Says Will Benefit Farmers

Finance Minister Arun Jaitley today launched options trading in guarseed on the commodity bourse NCDEX and asserted that the new initiative will benefit farmers and ensure better prices in the coming days.

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Insolvency And Bankruptcy Law Amended: Finance Ministry

The ministry said in a series of tweets that India's president had given clearance for the amendments, which follow cabinet approval on Wednesday

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GST Collections At Rs 92,150 Crore In September

GST collections for the maiden month of July were over Rs 95,000 crore, while for August the figure was over Rs 91,000 crore

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Finance Ministry Drops Rs 8,700 Crore Funding To IITs

While each of the top seven premier technological institutes were supposed to use Rs 1,250 crore each over a period of five years, the rejection of this scheme comes as quite a setback to these institutions

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MSME Approaches Finance Ministry To Exempt Khadi From GST

At present only Khadi yarn produced in the sector is exempted, while other Khadi products attract a 5 per cent Goods and Services Tax (GST) levy

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Direct Tax Collection Saw 19% Hike: Finance Ministry

Collections of direct taxes, which are made up of personal and corporate taxes, soared to Rs 1.90 lakh crore in April-July, an official statement said

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Government To Push Banking Regulation Bill In Monsoon Session

The Department of Financial Services (DFS) is preparing a draft Bill in this regard and will shortly approach the Cabinet for its nod, a government official said.

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NSE Trading Fiasco: Finance Ministry Seeks Report From Sebi

The finance ministry today sought a report from Sebi on the technical glitch in the National Stock Exchange's system that had led to trading disruptions

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RBI Leaves Key Rate Unchanged; Easing Warranted, Fumes Govt

Reserve Bank Governor Urjit Patel-led Monetary Policy Committee, in a slightly less hawkish policy statement, said it was not cutting interest rates as it wanted to be more sure that inflation will stay subdued.

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Abolished Various Cesses Via Budgets Paving Way For GST: Govt

The Finance Ministry said it has gradually abolished various cesses on goods and services in the last three Budgets, and 13 more through the Taxation Laws Amendment Act 2017, in the run up to the July 1 rollout of GST

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GST To Ease Tax Rates On Medicaments, Smart Phones, Medical Devices

The present total tax incidence on smart phones works out to more than 13.5%. As against this, the proposed GST rate for smart phones is 12%.

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