Sunday, November 3, 2024

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ministry of finance

News Reports

Over ₹1.45 lakh crore collected as gross GST in November 2022, surges 11% year-on-year basis

OpIndia Staff -
In the month of November 2022, the gross GST revenue collected is ₹1,45,867 crore
News Reports

Economic Survey 2022: Stellar growth of 9.2% recorded in the current financial year, GDP 1.3% above pre-pandemic levels

OpIndia Staff -
Economic Survey 2022 forecasts Indian GDP to grow by 8.0-8.5% in 2022-23, the fastest in the world.
News Reports

Union Budget 2020: All you need to know about the customary ‘Halwa Ceremony’ preceding the budget

OpIndia Staff -
Finance Minister Nirmala Sitharaman is expected to present the Union Budget 2020 on February 1, 2020, in the parliament.
News Reports

Record number of Income Tax Return filed in a single day, I-T dept to issue PAN if ITR filed with only Aadhaar

OpIndia Staff -
The dept will allot a fresh PAN to a person who files I-T Returns (ITR) with only Aadhaar as part of a new arrangement to link the two databases
News Reports

Government extends relief to startups, simplifies the process of angel tax assessment

OpIndia Staff -
The Central Board of Direct Taxes (CBDT) has clarified that no verification will be done by an assessing officer if a startup has been recognised by the Department for Promotion of Industry and Internal Trade.
Economy and Finance

Union Budget 2019: Indian economy will grow to become a $3 trillion dollar economy in the current year itself, says Finance Minister

OpIndia Staff -
Union Finance Minister added that  India is now the sixth largest economy in the world in just five years from being the 11th largest in 2014. 
Economy and Finance

GST collection registers a record high of Rs 1.13 lakh crores in April 2019

OpIndia Staff -
GST collection for the month of April 2019 is highest since its rollout.
Economy and Finance

Punjab National Bank recovers Rs 16,000 crores from bad loans, Q3 reports profit of ₹246.51 crore

OpIndia Staff -
Despite 100% provision made for the Rs 13,000 crore scam in which Nirav Modi is the prime accused, PNB posts a profit last quarter
Government and Policy

Interim Budget may go beyond conventional vote-on-account, indicates Finance Minister Arun Jaitley

OpIndia Staff -
Jaitley rubbished doubts that he is under pressure to present a populist budget after the recent election defeat in three states and ahead of general elections in April-May
Economy and Finance

Modi government cuts fuel prices by Rs. 2.50, Maharashtra and Gujarat slash prices by an additional Rs. 2.50

OpIndia Staff -
Excide duty has been reduced by ₹1.50, while oil marketing companies will cut prices by ₹1.00, states asked to match the reduction by reducing VAT.
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