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No, Govt of India is not taking away gold held by temples: Claims of gold monetisation and ‘strategic gold reserves’ from temple gold rejected...

OpIndia Staff -
The Finance Ministry has strongly rejected viral social media claims that the government plans to monetise temple gold reserves or issue gold bonds against them.
Economy and Finance

Ease of doing business, simplifying regulations, boosting domestic manufacturing and more: Here are the major reforms that are expected in Budget 2026

OpIndia Staff -
Officials are calling the budget's main theme 'Reform Express' inside the finance ministry. The idea is to focus on long-term structural changes rather than short-term populist measures. This includes simplifying regulations, improving ease of doing business and strengthening domestic manufacturing capacity.
Economy and Finance

Finance Ministry orders detailed inquiry after trading company stopped imports and exports alleging harassment by Customs officials in Chennai

OpIndia Staff -
Union Finance Ministry has ordered an inquiry into allegations of harassment by customs officials made by Wintrac Inc. Responding the company’s statement announcing that...
News Reports

Finance ministry hands over ₹515.31 crore to Asset Disposal Committee for refund to victims of Rose Valley Ponzi scam

OpIndia Staff -
Union Minister of State for Finance Shri Pankaj Chaudhary handed over a Demand Draft of Rs. 515.31 crore to Justice D.K. Seth (Retd.), Chairman of the Asset Disposal Committee formed for the purpose of restitution of properties to legitimate investors in Rose Valley Ponzi scam
Government and Policy

Delhi BJP MP Praveen Khandelwal urges central govt to exempt small merchants and consumers from paying Merchant Discount Rate on digital transactions

ANI -
Praveen Khandelwal, the BJP MP from Delhi and National Secretary General of the Confederation of All India Traders (CAIT), has urged the central government to exempt small merchants and consumers from paying Merchant Discount Rate (MDR) on digital transactions
Economy and Finance

PM supported the idea of cutting income taxes but ministry bureaucrats needed to be convinced due to revenue concerns: FM Sitharaman

OpIndia Staff -
When asked how much persuasion did it take to get the PM on board regarding the cut in income tax, Sitharaman said that it was the bureaucrats who needed to be convinced
News Reports

You don’t have to pay full income tax if income exceeds ₹12 lakh by a small amount: Read what is Marginal Relief and how...

Raju Das -
Under the tax structure announced in the budget, marginal relief will be calculated by deducting the amount exceeding ₹12,00,000 from the tax calculated on the entire taxable income
News Reports

Resilient Economy, Expanding Infrastructure, and Rising Exports: A Deep Dive into the 2024-25 Economic Survey

Raju Das -
With a focus on deregulation, infrastructure investment, and job creation, the 2024-25 Economic Survey outlines key strategies to navigate global uncertainties and fuel domestic growth.
News Reports

PM Jan Dhan Yojana completes 10 years: 2.31 lakh crore deposited, over 53 crore accounts opened out of which more than 66% are in...

ANI -
The Pradhan Mantri Jan Dhan Yojana (PMJDY) has today completed 10 years of implementation. Launched by PM Narendra Modi in 2014, it now has 53.13 crore accounts, with significant participation from women and rural areas
News Reports

GST department seeks Rs 120 crore tax from IIT Delhi over govt research fund issued for 5 years till 2022, concerns raised on taxing...

OpIndia Staff -
A senior official from the Ministry of Education while talking to Times of India called the notice disappointing and claimed that it intends to challenge it, arguing that GST should not be applied to government-funded research. 
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