Monday, March 4, 2024


finance ministry

Indian Banks Association has submitted a proposal for 5-day work week with off on all Saturdays, confirms Finance Ministry in Parliament

Union Finance Ministry confirmed in Parliament that the Indian banking sector has formally proposed to declare all Saturdays as official bank holidays

Union Minister issues stark warning on cryptocurrency-driven criminal activities, cites Binance and FTX incidents as a cautionary tale

Union Minister issues strong caution against cryptocurrency related financial crimes, highlights Binance and FTX as examples.

Banks recovered more than Rs 10 lakh crores from bad loans in the last nine years: Finance Ministry tells Lok Sabha

“Comprehensive measures have been taken by the Government and RBI to recover and to reduce NPAs, including those pertaining to corporate companies, which has enabled an aggregate recovery of Rs. 10,16,617 crore (RBI provisional data for FY 2022-23) by SCBs during the last nine financial years,” the written reply stated. 

Union Government hikes interest rate on Employees Provident Fund for FY22-23 to 8.15%

The EPFO has increased interest rate to 8.15% and it will benefit over 6 crore subscribers in FY23. It has also asked filed offices to start crediting it into members' accounts.

Govt to issue ₹75 commemorative coin on the occasion of inauguration of the new parliament building

The finance ministry announced that a ₹75 Commemorative Coin will be issued on the occasion of the Inauguration of the New Parliament Building

20% TCS on international credit cards: What it is, why it was needed, and how it will impact foreign visits – everything you needed...

The abolition of rule 7 of the FEMA (CAT) Rules, 2000 means that credit card payments made while travelling abroad will attract 20% TCS

‘Evidence of tax avoidance and discrepancies found, used dilatory tactics in producing documents’: Finance Ministry on I-T survey at BBC offices

The finance ministry said that during Income tax survey at BBC offices in Delhi and Mumbai, several discrepancies were found

GST collection in December 2022 goes up by 15% to reach almost 1.5 lakh crore

Gross GST revenue collected during December 2022 reached ₹1,49,507 crore, going up by 15% compared to December 2021

Finance Minister Nirmala Sitharaman hospitalised, undergoing treatment at AIIMS in Delhi

Finance Minister of India, Nirmala Sitharaman has been admitted to a private ward in the All India Institute of Medical Sciences (AIIMS) in Delhi.

‘No consideration to levy charges on UPI services’: Clarifies Finance Ministry, says cost of service providers will be recovered through other means

Responding the media reports claiming that RBI is proposing to impose service charge on UPI, finance ministry said there is no such consideration

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