finance ministry

Chinese smartphone company Xioami has been charged with evading custom duty and taxes worth Rs 653 crore for three years, from 2017-2021. In a development reported by the Finance Ministry’s Directorate of Revenue Intelligence (DRI) on…

According to RBI data analysis, about 50% of the transactions made through UPI platforms are under Rs 200 Among the announcements made by RBI Governor Shaktikanta Das in the Monetary Policy Statement on Wednesday, was the central bank’s…

Finance Minister Nirmala Sitharaman has stated that the government has no proposal to recognise Bitcoin as a currency in the country. With the start of winter session of the Parliament from November 29, a lot of reforms are expected to…

The Government has plans to appoint two bankers to oversee and manage the stake sale process of NSC. As a part of its ambitious disinvestment drive of Rs 1.75 lakh crore, the government has initiated the stake sale process of 25%…

The Income Tax department has informed that it is constantly working together with Infosys to resolve the existing issues on the IT portal. The new, much-promoted income tax portal launched on June 7, 2021, with the Bengaluru-based IT…

GIBNA serves to alleviate the economy by securing the development of general insurance business in the country. The central government is known to be in works for introducing some changes in the General Insurance Business…

India Issues 5 Lakh Free Visas To Boost Tourism; Rs 1.5 Lakh Crore Credit For Small Businesses, Travel Agents The second wave of the Covid-19 pandemic left the country more economically crippled than the last one, some sectors more than…

IRDAI asks insurance companies to expedite the settlement process of cashless claims made by Covid treatment policyholders. Reports of hospitals denying cashless insurance facilities for treatment of Covid-19 positive patients…

Supreme Court passes judgement on the best interests of banks and loan borrowers, on the issue of waiving interests on EMI during the loan moratorium period. On Tuesday, a finalized decision came from the Supreme Court, in regards to…

SBI, PNB, Bank of Baroda Won't Be Sold To Private Firms; These 6 Govt Banks Kept Out Of Privatisation Amidst the ongoing two-day nationwide bank strikes, conducted by bank unions and employees, opposing the finance ministry’s decision…