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Tuesday, February 25, 2025

Finance

Sitharaman participated in 103rd meeting Development Committee Meeting of World Bank-IMF

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...

Provisional Direct Tax collections for the Financial Year 2020-21 show growth of almost 5%

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...

Sitharaman attends Plenary Meeting of International Monetary and Financial Committee (IMFC) of IMF through video-conference

Union Minister for Finance & Corporate Affairs Smt. Nirmala Sitharaman here today attended the Plenary Meeting of the International Monetary and Financial Committee of the Board of Governors of the International Monetary Fund (IMF) at the virtual Spring Meetings...

Nirmala Sitharaman attends Second Virtual G20 Finance Ministers and Central Bank Governors Meeting

Union Minister for Finance & Corporate Affairs Smt. Nirmala Sitharaman participated virtually in the Second G20 Finance Ministers and Central Bank Governors (FMCBG) meeting under the Italian Presidency here today to discuss policy responses to global challenges to restore...

Rs 2,74,034 crore Foreign Portfolio Investments (FPI) inflows in Indian equity markets

Financial Year (FY) 2020-21 witnessed strong Foreign Portfolio Investment (FPI) inflows into the Indian equity markets of Rs 2,74,034 crore, thus, reflecting steadfast confidence of foreign investors in the fundamentals of the Indian Economy. FY 2020-21 Net investment in Equity (in Rs...

Credit Guarantee Scheme for Subordinate Debt (CGSSD) extended upto 30.09.2021

Government of India announced creation of ‘Distressed Assets Fund- - Subordinate Debt for Stressed MSMEs’ on 13th May, 2020, under the AatmaNirbhar Bharat Package. Accordingly, a scheme viz. ‘Credit Guarantee Scheme for Subordinate Debt’ was approved by the Government on 1st June,...

GST Revenue collection for March’ 21 sets new record

₹ 1,23,902 crore gross GST revenue collected in the month of March 2021 The gross GST revenue collected in the month of March 2021 is at a record of ₹ 1,23,902 crore of which CGST is ₹ 22,973 crore, SGST is ₹ 29,329 crore,...

Issuance Calendar for Marketable Dated Securities for April 2021-September 2021

In order to enable institutional and retail investors to plan their investments efficiently and provide transparency and stability to the Government securities market, an indicative calendar for issuance of Government dated securities for the first half of the fiscal...

Sale of Electoral Bonds 2018 at Authorised Branches of State Bank of India (SBI)

The Government of India has notified the Electoral Bond Scheme 2018 vide Gazette Notification No. 20 dated January 02, 2018. As per provisions of the Scheme, Electoral Bonds may be purchased by a person (as defined in item No....

₹ 1,13,143 crore gross GST revenue collected in the month of February

The gross GST revenue collected in the month of February 2021 is ₹ 1,13,143 crore of which CGST is ₹ 21,092 crore, SGST is ₹ 27,273 crore, IGST is ₹ 55,253 crore (including ₹ 24,382 crore collected on import of goods) and Cess is ₹ 9,525...

Latest News

RBI Plans to Scrap Foreclosure Fees for MSMEs, Borrowers

The Reserve Bank of India (RBI) has proposed a significant policy shift that would eliminate foreclosure charges on floating-rate...