GST Council exempts import duty on COVID-19 related supplies including drug used in treatment of Mucormycosis till Aug 31

43rd GST Council meeting begins via video conferencing

Nirmala Sitharaman: Government has no plan to impose countrywide lockdown amid spike in Corona cases

Government reverses decision to cut small savings rates

<p>The sharp reduction in small savings rates, which was to take effect from today, has been withdrawn by the government. Finance Minister Nirmala Sitharaman said Thursday morning that the “orders issued by oversight shall be withdrawn”. The government had on Wednesday cut interest rates on various small savings schemes sharply by 40-110 basis points. The […]</p>

Changes in rules from April 1:Income Tax filing to EPF investment

<p>With the beginning of the new financial year on April 1, consumers will witness some significant changes in rules which are going to pinch their pockets and affect money matter to a large extent. From changes in banking rules due to merger of banks, income tax filing rule changes in terms of EPF investment, to, […]</p>

Insurance Amendment Bill, 2021 passed in Rajya Sabha, FDI limit increased from 49 to 74 %

<p>The Rajya Sabha has passed the Insurance (Amendment) Bill, 2021. It seeks to amend the Insurance Act, 1938 which will increase the limit of foreign investment allowed in Indian insurance companies. The Bill provides to increase the foreign direct investment limit from existing 49 percent to 74 percent. It also has a provision for removal […]</p>

Report: Finance Ministry considers cutting taxes on petrol, diesel

<p>India’s finance ministry is considering cutting excise duties on petrol and diesel to cushion the impact of record high domestic prices, three government officials close to the discussions said. A doubling in the price of crude oil over the past 10 months has contributed to record fuel prices at gas stations in India. But taxes […]</p>

Nirmala Sitharaman: Centre, states need to work together to lower fuel prices

<p>Amid an outcry over record high petrol and diesel prices, Union Finance Minister Nirmala Sitharaman on Saturday said the Centre and state governments will have to together work out a mechanism to bring retail rates to reasonable levels. As much as 60 per cent of the retail price of petrol, which shot above Rs 100-mark […]</p>

FM Nirmala Sitharaman to present Union Budget 2021-22 in Lok Sabha at 11 AM today

<p>The Union Budget 2021-22 will be presented in the Parliament today. Finance Minister Nirmala Sitharaman will present the Budget in the Lok Sabha at 11 AM. The Union Budget this year for the first time will be available only in digital format. It can be accessed through the mobile app UNION BUDGET both on android […]</p>

Union Budget 2021: Automobile industry optimistic about recovery from pandemic

<p>vv. As the year 2021 unfolds, the Indian auto industry is optimistic to recover from the throes of the further downturn caused by COVID-19 pandemic. The government has already shown focus on initiatives that are likely to improve the sentiments in the auto sector. The rollout of schemes like ‘Production Linked Incentive’ (PLI); ‘Manufacture and […]</p>