The Tax Administration Reform Commission (TARC) headed by Parthasarathy Shome has accepted the suggestions of the Bangalore Chamber of Industry and Commerce (BCIC) pertaining to realignment of the...
Appointments Committee of the Cabinet (ACC) has approved Economic Affairs Secretary Arvind Mayaram as the new Finance Secretary. Arvind Mayaram, a 1978 batch Rajasthan cadre IAS officer has been holding...
As per the quarterly report of Ministry of Finance (MoF), India’s external debt was at $ 426 billion – including the government’s debt of $ 76.4 billion in...
To combat possible tax evasion by Americans through Indian entities, the Securities and Exchange Board of India (SEBI) planned to issue the Foreign Account Tax Compliance Act (FATCA)...
Iran has requested the Ministry of Finance and the Reserve Bank of India (RBI) to allow it to open accounts in multiple banks to facilitate better non-oil trade...
Finance Ministry is focusing on service tax revenue which has grown significantly by over 300 times in past about two decades. As per official data, the finance ministry has earned...
Finance Ministry has approved for Rs 5,500 crore against Rs 12,000 crore sought by the Department of Fertilisers under a Special Banking Arrangement (SBA) to pay part of the...
STAR: (Standard Training Assessment and Reward) The Ministry of Finance launched the National Skill Certification and Monetary Reward Scheme that will be implemented on national level. The scheme will motivate...
The Union Government of India has set up a Standing Council of Experts (SCE) in the Department of Economic Affairs, Ministry of Finance, which will assess global competitiveness of Indian Financial Sector....
The Finance Ministry has notified that Duty-Free-Shops (DFSs) at airports in India will be allowed to sell goods manufactured in India without paying any duty. Objective: To promote...
