Finance Ministry

GST collections in August rises 11% to over 1.59 lakh crore

GDP growth was 7.8% in the June quarter, and it has increased by 8% nominally.

Finance Ministry employee arrested for passing on official secrets & leaking confidential data

A contractual employee who has been working with the Finance Ministry was arrested for leaking confidential data.

Monthly GST collection over Rs. 1.6 lakh crore is the new normal: FM Nirmala Sitharaman

Finance Minister Nirmala Sitharaman in a recent press briefing, on the occasion of GST Day 2023 said that the monthly Goods and Services Tax (GST) revenue remaining over Rs 1.6 lakh crore has become the new normal since the implementation in 2017.

Centre’s fiscal deficit widens to Rs 11.91 lakh crore in April-January, 67.8% of FY23 target

The Government intends to have a budget deficit of Rs 17.55 lakh crore, or 6.4 percent of GDP, in the current fiscal year.

RBI clarifies “No such proposal in the Reserve Bank” for changing existing currency and banknotes

RBI clarifies that no changes are expected to the current banknotes in circulation and the rumours in the media should not be considered.

GST collection stands at 1.33 lakh crore in February

This is the fifth time that the GST collection has crossed the Rs 13 lakh crore mark.

Eight core industries growth rose to 3.8℅ in December: CSO

In November, India's output for eight core sectors thrived by 3.1 percent, in comparison to 7.5 percent in October 2021.

FM-chaired GST Council defers hike in GST on textiles from 5% to 12%

The GST rate hike on textiles from 5 per cent to 12 per cent was to come into effect from January 1.

Attempts to mislead youth through cryptocurrency should be stopped: GOI

The government is assured that this is an evolving technology; hence the government will keep an eye and take proactive steps, the people said.

Preparation for annual budget 2022-2023 starting from October 12: Finance Ministry

The upcoming budget will be the fourth budget of the Modi 2.0 government and Finance Minister Nirmala Sitharaman.

Finance Minister Nirmala Sitharaman holds press conference after addressing 45th GST Council; Check key highlights here

Finance Minister Nirmala Sitharaman addresses a media briefing on the outcomes of the 45th GST Council meeting.

Disinvestment process for Air India begins as Financial Adviser receives bids

The Tata Group, through its holding company and SpiceJet chairman Ajay Singh, is likely to make its financial bid for the airline in its personal capacity.

Finance Ministry summons Infosys CEO over glitches in e-filing portal

Infosys had designed the new portal, which was found to have several technical issues after it started service.  Users flagged the issue, often tweeting screenshots of the site and tagging the finance minister.

Number of people earning Rs 100 crore or more declined in AY21: FM

Only 136 individuals reported gross total income of ₹100 crores or more, compared to 141 in the previous year. In 2019, 77 reported a total income of 100 crores. 

Centre to share 70% of vaccine revenue with states, says FM Nirmala Sitharaman