TAG: Finmin
FinMin reviews bankruptcy proceedings of Jaiprakash Associates, Arch Pharma Labs, other high-profile cases
The Finance Ministry has reviewed some high-profile cases pending for admission into the National Company Law Tribunal (NCLT). Among the companies discussed was Jaiprakash Associates, which have seen delays in admission under the Insolvency and Bankruptcy...
5 months ago
Govt may raise STCG above 20% in future: Official
The government may consider further raising the short-term capital gain (STCG) tax rates in the coming years, a senior government official has said.The official said the gains from short-term trading, referred largely to shares or mutual fund units held f...
2 months ago
Finance Ministry denies report on short-term capital gains tax hike
The finance ministry has denied any plans to increase short-term capital gains (STCG) tax in response to a Moneycontrol report that said the government may consider raising the tax rate in the coming years, citing a senior official.In a statement, the min...
2 months ago
Govt puts on hold proposal to extend retirement age of SBI chairperson, PSB MDs
The government has put on hold a proposal that sought to raise the retirement age of the State Bank of India (SBI) chairperson to 65 years and that of managing directors of other public sector banks (PSBs) to 62, sources have told Moneycontrol.The proposa...
1 month ago
Households’ optimism about economic conditions for year ahead has declined: Finmin
Households’ optimism over economic conditions for the year ahead has declined, and both the consumer as well as industrial outlook surveys need to be monitored for future trends, Finance Ministry said in the July Monthly Economic Review, released on Augus...
1 month ago
FDI in realty, fintech, semiconductors likely to see three-fold increase in FY25: FinMin Sources
Foreign direct investment (FDI) in India's real estate, fintech, and semiconductor sectors is expected to surge three-fold in the financial year 2024-25, Finance Ministry sources said. Singapore, a leading investor in these sectors, is likely to play a pi...
1 month ago
CBIC extends export benefits to courier shipments to boost e-commerce
In a significant move aimed at enhancing India’s e-commerce export landscape, the Central Board of Indirect Taxes and Customs (CBIC) has extended export-related benefits under the duty drawback, Remission of Duties and Taxes on Exported Products (RoDTEP),...
1 month ago
Phase II of Income Tax Act review likely in FY26, focus on enhancing compliance
The Indian government is likely to make the Income Tax Act simpler in the first phase review and is likely to continue the comprehensive review into the next fiscal year, with a second phase in FY26. While the current review, expected to be completed by e...
2 weeks ago
Andhra Pradesh leads capex surge among states in FY24, records staggering 1,590% growth
In the capital expenditure (capex) trends for financial year FY24, Andhra Pradesh (AP) has emerged as the top-performing state, registering an unprecedented 1,590 per cent growth in capital expenditure. The state's capex soared from Rs 1,138 crore in FY23...
2 weeks ago