Sunday, December 22, 2024

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finance ministry

News Reports

Finance Ministry introduces bill to withdraw retrospective tax and refund collected amounts, says the tax is a sore point for investors

OpIndia Staff -
Finance ministry to amend the Income Tax Act, 1961 to remove the provisions of retrospective tax introduced by UPA govt in 2012.
News Reports

Union Government announces ₹15,000 crore interest-free 50 year loan for states to spend on capital projects

OpIndia Staff -
Union Govt to provide an additional amount upto Rs 15,000 crore to states as interest-free 50-year loans for capital projects
News Reports

Action to be taken against hospitals for not allowing cashless Covid- 19 treatment to eligible policyholders: IRDAI

OpIndia Staff -
IRDAI said that all policyholders who are entitled to cashless benefits at network hospitals, associated with an insurance company, are eligible to get cashless treatment for Covid-19.
News Reports

Ministry of Finance withdraws order reducing interest rates for Small Savings Schemes

OpIndia Staff -
Earlier on Wednesday, the ministry had issued orders reducing interest rates for first quarter of the new financial year starting 1st April 2021.
News Reports

Now private sector banks can conduct government transactions, union government lifts embargo

OpIndia Staff -
Private sector banks will be able to conduct govt-related transactions such as taxes, pension, small savings schemes etc
News Reports

Union Budget proposes cess on Petrol and Diesel, but will have no impact on overall fuel prices: Read why

OpIndia Staff -
From now on, the unbranded petrol and diesel will attract basic excise duty of Rs 1.4, and Rs 1.8 per litre respectively.
News Reports

Relief for senior citizens, ease in filing of IT returns: Here’s all the Indirect and Direct tax proposals in Budget 2021

OpIndia Staff -
Considering the circumstances, the tax provisions in the Union Budget 2021 acquires special significance.
News Reports

Here are the 12 measures announced by Finance Minister Nirmala Sitharaman under Atmanirbhar Bharat 3.0 stimulus package

OpIndia Staff -
The Finance Minister Nirmala Sitharamana announced 12 new measures under the new Atmanirbhar Bharat 3.0 stimulus package to boost the Indian economy amid the ongoing coronavirus pandemic.
News Reports

Finance ministry issues guidelines for interest waiver scheme during the lockdown period- Read details

OpIndia Staff -
The govt will pay the difference between simple and compound interest from March to August under compound interest waiver scheme
News Reports

Big relief by Modi govt for those who stopped paying EMIs during lockdown, no need to pay extra interest accumulated during this period

OpIndia Staff -
MSME, education, housing, vehicle, personal loans etc upto Rs 2 crore will attract only simple interest during the moratorium period
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