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ministry of finance

News Reports

India achieves historic milestone in the Financial Action Task Force, senior IAS officer Vivek Agrawal appointed vice-president of the global watchdog

OpIndia Staff - 20 June, 2026

India has secured the vice presidency of the Financial Action Task Force (FATF). Senior IAS officer Vivek Agrawal will hold the position from July 2026 to June 2027, highlighting India's rising influence in combating global financial crimes.

Crime

‘Pushpa’ gang busted: DRI seizes red sanders worth ₹6.26 crore, four arrested while trying to smuggle restricted high-value wood

OpIndia Staff - 15 December, 2025

“Specific intelligence was developed by the officers of DRI that red sanders were being clandestinely secreted at various godowns in Chennai and its outskirts and the same are being attempted for export from Chennai via Delhi. Accordingly, DRI officers carried out coordinated systematic searches at three premises from 09.12.2025 to 11.12.2025,” a press release issued by the Ministry of Finance reads.

News Reports

Sansad Winter Session: Ahead of tobacco cess expiry, FM Nirmala Sitharaman to table Bill ensuring current high tax burden continues

OpIndia Staff - 1 December, 2025

As the GST compensation cess nears its end, the government plans a replacement mechanism through a new public health and national security cess, supported by amendments to the Central Excise Act to maintain revenue from tobacco products.

News Reports

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

OpIndia Staff - 1 December, 2022

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 - 31 January, 2022

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 - 20 January, 2020

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 - 2 September, 2019

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 - 11 August, 2019

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