The windfall tax, which is revised every two weeks, remained unchanged at zero for diesel and aviation turbine fuel
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The appointment is up to the date of his superannuation namely 30 September 2024, and thereafter his re-appointment on contract basis upto 30 June 2025
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The Finance Ministry said, that both countries will remain in close contact to ensure that there is a common understanding of the respective commitment and endeavour to resolve all issues on this matter through constructive dialogue
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“For us, reforms are a means to improve the lives of 140 crore Indians. After the introduction of GST, goods for household use have become much cheaper,” says FM.
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Nirmala Sitharaman’s reappointment as the Union Minister of Finance not just reaffirms the Modi government’s faith in her but also signals the continuity of India’s economic reforms. As she takes her mandate forward in NDA 3.0, here is a recap of her key achievements so far as FM
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Veefin plans to enhance its product portfolio by incorporating two flagship solutions from Regime – TaxGenie and PayInvoice – into its supply chain technology platform designed for banks and financial institutions
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According to the data released by by the Union Ministry of Finance, Net Direct Tax collections for FY 2024-25 have also seen significant growth, registering a 20.99 per cent increase to Rs. 4,62,664 crore
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According to media reports, the government is prioritising tax rate cuts for lower-income earners over implementing additional welfare spending or freebies, emphasising the importance of fiscal consolidation
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The last revision on 1 June saw a decrease in the windfall tax on crude oil from Rs 5,700 to Rs 5,200 per tonne
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India can reduce taxes, maintain a low tax-to-gross domestic product (GDP) ratio and still collect robust taxes because of its large population
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