Wednesday, May 12, 2021

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finance ministry

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

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

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

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.

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

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

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

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

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

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

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

Considering the circumstances, the tax provisions in the Union Budget 2021 acquires special significance.

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

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.

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

The govt will pay the difference between simple and compound interest from March to August under compound interest waiver scheme

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

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

Central Government appoints Expert Committee to make an overall assessment in relation to waiver of interest on loans

The Expert Committee will be looking into matters including waiver of interest and waiver of interest on interest.

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