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Monday, November 25, 2024

Finance

Exchange Rate Notification No. 110/2020 – Customs (N.T.)

In exercise of the powers conferred by section 14 of the Customs Act, 1962 (52 of 1962), and in supersession of the Notification No.108/2020-Customs(N.T.), dated 19th November, 2020 except as respects things done or omitted to be done before such...

Directorate of Revenue Intelligence (DRI) is celebrating its 63rd Founding Day on the 4th of December

The Directorate of Revenue Intelligence (DRI) is celebrating its 63rd Founding Day on Friday, the 4th of December, 2020. In view of the COVID-19 pandemic and the guidelines issued by the Ministry of Health and Family Welfare and Ministry of Home...

Chhattisgarh will get Rs.3,109 crores through special borrowing window to meet the GST implementation shortfall

Government of Chhattisgarh has communicated its acceptance of Option-1 to meet the revenue shortfall arising out of GST implementation. The number of States who have favoured Option-1 has gone up to 27. All States except Jharkhand and all the...

ADB, India sign $50 million loan to boost West Bengal’s digital platforms for public finance reforms

The Asian Development Bank (ADB) and the Government of India here today signed a $50 million policy-based loan to improve financial management procedures and operational efficiencies aimed at achieving more fiscal savings, promote informed decision making, and improve service...

IFSCA obtains Membership of International Association of Insurance Supervisors (IAIS)

The International Financial Services Centres Authority (IFSCA) obtained membership of International Association of Insurance Supervisors (IAIS). Established in 1994, the IAIS headquartered in Switzerland is a voluntary membership organization of insurance supervisors and regulators from more than 200 jurisdictions, constituting...

Rs 1,04,963 crore of gross GST Revenue collected in the month of November 2020

The gross GST revenue collected in the month of November, 2020 is ₹ 1,04,963 crore of which CGST is ₹ 19,189 crore, SGST is ₹ 25,540 crore, IGST is ₹ 51,992 crore (including ₹ 22,078 crore collected on import...

Indian growth story continues as is demonstrated by the trends in FPI, FDI and Corporate Bond Market flows

COVID-19 has drastically affected the investment climate in all economies of the world, causing a sharp decline in the demand and supply equilibrium everywhere. India has been no exception to this unprecedented economic shock. Yet, investment sentiment in the...

Finance Minister delivers keynote address at the inauguration of the Sri Lanka Economic Summit 2020

Union Minister for Finance & Corporate Affairs, Smt. Nirmala Sitharaman delivered a Keynote Address at the inauguration of the 20th  Edition of Sri Lanka Economic Summit (SLES)  2020 in virtual format, today. SLES annually organized by the Ceylon Chamber of...

Punjab will get Rs.8,359 Crores through special borrowing window to meet the GST implementation shortfall

Governments of Punjab has communicated acceptance of Option-1 to meet the revenue shortfall arising out of GST implementation. The number of States who have chosen this option has gone up to 26. All the 3 Union Territories with Legislative...

US$28.1 billion FDI inflows into the country during the July-September quarter

FDI Equity Inflows during the first half of 2020-21 have shown 15% growth in US$ terms and 23% growth in Rupee terms Total Foreign Direct Investments (FDI) inflows into India during the second quarter of financial year 2020-21 (July, 2020...

Latest News

GeM Partnership with Sikkim: Boosting Digital Procurement Across India

The Indian government’s public procurement portal, Government e-Marketplace (GeM), has recently signed a landmark agreement with the Sikkim government....