The council will also clear levying the highest tax of 28 per cent on online games, casinos and horse racing, besides, discussing a report of a GoM on high-risk taxpayers under GST to curb evasion.
In an internal note, the FinMin's Dept of Expenditure has warned that extension of the free food scheme beyond September or any more tax cuts will have consequences for the Centre's fiscal situation
The 47th GST Council meeting, chaired by Nirmala Sitharaman and comprising state Finance Ministers, in Chandigarh scheduled on June 28-29 is likely to see discussion veer around compensation mechanism
Madhya Pradesh Chief Minister Shivraj Singh Chouhan requested Union finance minister Nirmala Sitharaman to remove the separate capital gain tax on assets managed by the state company
Finance Minister Nirmala Sitharaman has assured Sri Lanka of her "fullest support" and cooperation for its recovery from the ongoing economic crisis.
The visit is consequent to the meetings held by Sri Lankan envoy in New Delhi Milinda Moragoda with External Affairs Minister S Jaishankar and FM Nirmala Sitharaman on June 20, the report said.
But says the country faces low risk of stagflation
The finance ministry, over the next couple of months, is planning to identify new members, restructure the bureau, and recommend new names to the appointments committee of the cabinet
The Finance Minister is said to take stock of credit growth, asset quality, and business growth plan of banks
Loan recovery, over Rs 100 crore of bad loans to be assessed
The Finance Minister would take a stock of credit growth, asset quality and business growth plan of banks
The finance ministry on Thursday held a meeting with heads of public sector banks and financial institutions to explore employment opportunities for 'Agniveers' in their respective organisations
The meeting assumes significance as it is expected to discuss the report of the panel of state ministers on rate rationalisation and also the tax rate on casinos, race courses and online gaming
Ex-West Bengal minister Amit Mitra has written to Union Finance Minister Nirmala Sitharaman, urging her to continue with the GST compensation to states for another 3-5 years after this month
Unforeseen battle against pandemic has put states' fiscal health under huge stress, he says in letter to FM
Even in an august gathering such as the one at Vigyan Bhavan, the percentage of people who had made their Will would be in the low double-digit
Finance Minister Nirmala Sitharaman had in the 2022-23 Budget announced implementation of a simplified regulatory framework to facilitate export of jewellery through e-commerce
This poll results has given an edge to the BJP, amid the fight for "secular votes" between the Congress and JD(S)
So far in the current fiscal year, the government has mopped up over Rs 24,000 crore from CPSE disinvestment
The minister said strategic sectors had been identified based on national interest, and the government would continue to have its presence in these sectors