Ministry of Finance

Advance and EPCG Authorisation Scheme

The finance ministry has introduced an amnesty scheme aimed at offering relief to traders who have defaulted on their export obligations. This scheme provides an opportunity for traders to rectify past defaults and fulfill their export obligations by paying customs ..

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NPS Diwas

NPS Diwas was observed on October 1 by Pension Fund Regulatory and Development Authority (PFRDA). Key facts The National Pension System Diwas (NPS Diwas) was observed by the pension regulator to promote pension and retirement planning among Indian citizens and ..

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Damodaran Committee to boost PE/VC investments

The Union Finance Ministry recently set up an expert committee headed by former SEBI chief M. Damodaran to assess and recommend ways to solve regulatory issues to boost investments by private equity (PE) and venture capital (VC) in Indian startups. ..

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National Museum of Customs and GST

As a part of Azadi ka Amrit Mahotsav, Union Finance Minister, Nirmala Sitharaman inaugurated the “National Museum of Customs and GST”. Highlights The National Museum of Customs and GST called “Dharohar” was inaugurated in Goa. Museum was inaugurated as part ..

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Kerala: Suraksha-Mitra Project

The Suraksha-Mitra project has become operational in the State of Kerala. What is Suraksha-Mitra Project? Suraksha-Mitra Project is a vehicle monitoring system. It sends distress messages in case of any accident. Motor Vehicle Department has launched this project under Nirbhaya ..

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Jan Samarth Portal

On June 6, 2022, Prime Minister Narendra Modi launched a “national portal for credit-linked government schemes” called “Jan Samarth Portal”. Highlights Portal was launched during the ‘Iconic Week Celebrations’ of Ministry of Finance and Ministry of Corporate Affairs at Vigyan ..

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General Anti-avoidance Rule (GAAR)

Recently, the Department of Revenue under the Ministry of Finance started investigations under the General Anti-avoidance Rule (GAAR) into firms misusing the law. Many firms have been using creative methods to avoid paying taxes to the government. What is General ..

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Rs 7,183.42 crore Revenue Deficit Grant

Recently, the Department of Expenditure (Ministry of Finance) released Rs 7,183.42 crore as a revenue deficit grant to 14 states. This is the 2nd monthly installment of the Post Devolution Revenue Deficit (PDRD) grant to states. Who recommended Post Devolution ..

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