Delhi: Finance Minister Nirmala Sitharaman chairs 46th GST Council meeting
Business | December 31, 2021 13:29 ISTGST Council meet holds importance ahead of Union Budget which is presented on 1st day of February by Finance Minister in Parliament.
GST Council meet holds importance ahead of Union Budget which is presented on 1st day of February by Finance Minister in Parliament.
PM Modi interacted with the leading CEOs of companies across banking, infrastructure, automobiles, telecom to receive inputs and suggestions from the private sector for budget.
The Dept of Expenditure, Finance Ministry has released the grant as per the recommendations of 15th Finance Commission.
The Economic Survey 2020-21, released in January this year, had projected GDP growth of 11 per cent during the current financial year ending March 2022.
The total amount to Rs 1.59 lakh crore was released to states and UTs this fiscal.
As of August 31, Air India had a total debt of Rs 61,562 crore and 75 per cent of this debt or Rs 46,262 crore will be transferred to a special purpose vehicle AIAHL before handing over the loss-making airline to the Tata Group.
Bharat Bond ETF is an exchange-traded fund that invests in the debt of public sector companies.
Startups in India have grown tremendously and many are now raising money through capital markets. This year itself, more than 16 of them will qualify as unicorns, Sitharaman said.
The scheme was announced by FM Nirmala Sitharaman in June as part of a Rs 6.29 lakh cr package to provide relief to various sectors affected by 2nd wave of COVID pandemic.
During the first half, the government has raised Rs 7.02 lakh crore by issuing bonds, the finance ministry said in a statement.
Having done 2 rounds of bank consolidation earlier, the Central govt in 2019 decided to merge 6 disparate and weak PSBs into four in one stroke.
The new income tax e-filing portal developed by Infosys was launched on June 7 in a bid to ease the tax filing process and expedite the refund issue. However, taxpayers have been facing several problems in using the portal since its inception.
Till now, the Department of Public Enterprises was part of the Ministry of Heavy Industries and Public Enterprises.
The finance ministry on Friday asked state governments to accord priority to employees of banks and insurance companies for COVID-19 vaccination, saying they are exposed to high risks during these difficult times.
GST collections in April touched a record high of over Rs 1.41 lakh crore, indicating sustained economic recovery, the Finance Ministry said on Saturday.
For the fiscal ended on March 31, 2020, the ministry, in May last year, clarified that the period of stay of Non-Resident Indians (NRIs) and foreign nationals in India during the lockdown period would not be counted for the purpose of determining their residency status for the purpose of taxation.
Like every year, 'Halwa Ceremony' was held at Finance Ministry ahead of upcoming Union Budget.
In a representation to the government ahead of the Union Budget for 2021-22, the Aluminium Association of India said, "The Indian aluminium industry seeks immediate government support to tide over this challenging phase and look forward for supportive measures in the forthcoming Union Budget 2021-22.
The Finance Ministry on Monday released the 12th instalment of Rs 6,000 crore to states to meet the GST compensation shortfall, taking the total amount released so far under this window to Rs 72,000 crore.
The Ministry of Finance in a statement said it has released the ninth weekly instalment of Rs 6,000 crore to the states to meet the GST compensation shortfall.
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