TAG: Finance Ministry
No changes in new tax regime from April 1: Finance Ministry
No changes are being made to the new tax regime from the financial year 2024-25, which begins April 1, the finance ministry has said, describing as misleading some social media posts that said otherwise.Though the new tax regime is the default one, taxpay...
6 months ago
Above-normal monsoon rains likely to ease food prices, says finance ministry
The government expects an easing of the food prices with the India Meteorological Department (IMD) predicting above-normal rainfall this year, which will lead to higher production, the finance ministry has said in a report.“Further easing of food prices i...
5 months ago
Fin Min says India's economy resilient to West Asian conflict, US recession a bigger threat: Report
The finance ministry has intensified its monitoring of the West Asian conflict following last week's assassination of the Hamas chief in Iran, an act attributed to Israel, which has raised fears of a broader regional escalation. This conflict could impact...
2 months ago
July Economic Review: Here are the key highlights from the report
India's economic momentum is intact despite erratic monsoon, although consumer confidence is low in the current economic situation, the Union Finance Ministry said in its July review.Here are the highlights of the review, that was released on August 22:Th...
1 month ago
Finmin relaxes norms for expenditure exceeding Rs 500 cr to quicken capex
The finance ministry has relaxed norms for expenditure exceeding Rs 500 crore to accelerate capex (capital expenditure) that is pegged at Rs 11.11 lakh crore for the current fiscal.This will give a push to government spending which suffered a slowdown for...
1 month ago
Banking services may get costlier as FATF considers stiff disclosure norms for credit card transactions, says Fin Min official
Banks, credit card companies may have to prepare for possible increase in compliance cost, as the Financial Action Task Force (FATF) - the intergovernmental body against money laundering - is considering new disclosure standards for cross-border online tr...
1 month ago