Union Ministry of Finance

‘Special Assistance to States for Capital Investment 2023-24’ Scheme

June 27, 2023

The Ministry of Finance has introduced a special assistance scheme aimed at enhancing capital spending by states in India. This scheme, announced in the Union Budget 2023-24, has garnered attention for its significant impact on capital investment proposals and the ..

Month: 

Category:  •

Advance and EPCG Authorisation Scheme

May 19, 2023

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 ..

Month: 

Category: 

NPS Diwas

October 1, 2022

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 ..

Month: 

Category:  • •

Damodaran Committee to boost PE/VC investments

September 14, 2022

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. ..

Month: 

Category:  •

Govt scraps import duty on open cell TV panel used to make TV sets

September 19, 2019

In a bid to boost domestic manufacturing, the Central government has removed 5% custom duty that was imposed on import of open cell TV panel. Open cell TV panel are used in manufacturing of television sets such as LED TVs. ..

Month: 

Centre sets up Task Force for drawing up National Infrastructure Pipeline

September 8, 2019

Central government constituted a task force for drawing up a roadmap for ‘National Infrastructure Pipeline’ (NIP) of Rs.100 lakh crore from financial year 2019-20 to 2024-25. The Task Force is headed by Economic Affairs Secretary Atanu Chakraborty would cover greenfield ..

Month: 

India to conduct 1st National Time Release Study for faster movement of Cargo

August 2, 2019

Department of Revenue, under Union Ministry of Finance, is conducting India’s 1st National Time Release Study (TRS) for enabling faster movement of cargo across borders to benefit traders. TRS is an internationally recognized tool advocated by Brussels based World Customs ..

Month: 

Girraj Prasad Gupta takes over as the Controller General of Accounts

August 2, 2019

Girraj Prasad Gupta took over as Controller General of Accounts (CGA), Department of Expenditure, Union Ministry of Finance with effect from 1 August 2019. He is 1983-batch Indian Civil Accounts Service (ICAS) Officer. He is highly credited for his work ..

Month: 

Key Highlights of Union Budget 2019-20 (Part 2)

July 7, 2019

TAXES Direct Taxes Performance: India’s Ease of Doing Business (EDB) ranking under ‘Paying Taxes’ category jumped from 172 in 2017 to 121 in 2019. In past 5 years, Direct tax revenue increased by over 78% to Rs. 11.37 lakh crore ..

Month: 

11th tranche of Electoral Bonds sale to start from July 1

June 28, 2019

Union Ministry of Finance recently announced the launch of 11th tranche of electoral bonds sale starting from 1-10 July. This is 1st issuance of electoral bonds after conclusion of 17th general elections and formation of new government. What are Electoral ..

Month: