On account of the disruptions caused by the second wave of COVID 19 pandemic to businesses across various sectors of the economy, Government has further enlarged the scope of Emergency Credit Line Guarantee Scheme as under:
(i) ECLGS 4.0:100% guarantee cover...
COVID-19 related medical goods including Amphotericin B for free distribution given full exemption from IGST upto 31.08.2021
Custom duty exemption also given to Amphotericin B
Amnesty Scheme to provide relief to taxpayers regarding late fee for pending returns ; Late fee...
NPS and APY subscribers’ contribution builds up Rs 6 trillion of pension assets
8,791 corporate enrolments with 11.53 lakh subscribers under NPS till 21st May 2021
2.82 crore subscribers enrolled under Atal Pension Yojana
The Pension Fund Regulatory and Development Authority (PFRDA)...
The International Financial Services Centres Authority (IFSCA) has been established as a unified regulator to develop and regulate financial products, financial services and financial institutions in the International Financial Service Centres (IFSCs) in India.
The Fund Industry has been playing...
In view of the challenges faced by taxpayers in meeting the statutory and regulatory compliances under Goods & Services Tax (GST) law due to the outbreak of the second wave of COVID-19 pandemic, the Government has issued notifications, all...
The Union Cabinet, chaired by the Prime Minister Shri Narendra Modi gives ex-post facto approval for the Government amendments to the Finance Bill, 2021 (enacted on 28th March, 2021 as the Finance Act, 2021).
The amendments were essential to clarify and...
The provisional figures for indirect tax collections (GST & non-GST) for the Financial Year 2020-21 show that net revenue collections are at Rs 10.71 lakh crore as compared to 9.54 lakh Crore for the Financial Year 2019-20, thereby registering a growth...
Number of issues in Corporate Bond Market increased by 10% in FY 2020-21
Number of unique investors across Mutual Fund schemes also increased by 10% in FY 2020-21
Despite the uncertainty prevailing in FY 2020-21 owing to CoVID-19 pandemic, fund raising...
Union Minister for Finance & Corporate Affairs Smt. Nirmala Sitharaman participated in the 103rd Meeting of the Development Committee Plenary via video conferencing here today. The items on the agenda included World Bank Group (WBG) and International Monetary Fund Support for...
Net Direct Tax collections represent 104.46% of the Revised Estimates of Rs. 9.05 lakh crore of Direct Taxes for the F.Y. 2020-21
Advance Tax collections for F.Y. 2020-21 stand at Rs. 4.95 lakh crore which shows a growth of approximately...
The Indian government’s public procurement portal, Government e-Marketplace (GeM), has recently signed a landmark agreement with the Sikkim government....
