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Saturday, June 6, 2026

Finance

Assets Under Management under Pension Fund Regulatory and Development Authority cross Rs 6 trillion

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)...

Constitution of an Expert Committee on Investment Funds

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...

Government announces various relief measures for taxpayers under GST law in view of severe COVID-19 pandemic

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...

Cabinet approves Amendments to the Finance Bill, 2021

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...

Provisional Net Indirect Tax collections (GST & Non-GST) for the Financial Year 2020-21 show growth of more than 12% compared to actual Revenue Receipts...

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...

Fund raising for Public Issues and Rights Issues registered an increase of 115% and 15% respectively in FY 2020-21

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...

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...

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Zourney.in Bets on AI To Simplify India’s B2B Travel

India’s B2B travel market is still shaped by fragmented systems, manual coordination and slow turnaround times for agents. Sandeep...