Page 35 - Finance Ministry

Govt notifies processes for granting RoDTEP duty credits

An exporter must make a claim for RoDTEP in the shipping bill or bill of export by making the prescribed declaration

LIC to file draft IPO papers with Sebi by November, says FinMin official

Once the draft red herring prospectus (DRHP) is filed, merchant bankers will hold global and domestic road shows for investors by January, the official said

GST collection grows 23% to Rs 1.17 trn in Sep, surpasses pre-Covid levels

The collection continues to exceed Rs 1 trillion mark for the third month showing clear signs of recovery

FinMin suggests holding clerical exams for PSBs in regional languages

The finance ministry has suggested the Institute of Banking Personnel Selection to hold clerical recruitment exam for public sector banks (PSBs) in 13 regional languages along with English and Hindi

Govt widens scope of ECLGS, extends scheme deadline till March

The government has been receiving demands from various industry bodies and other stakeholders to extend the scheme to ensure continued support to eligible sectors/businesses

FinMin officials pitch for better sovereign rating outlook with Moody's

Finance Ministry officials and representatives of rating agency Moody's on Tuesday discussed economic growth prospects, during which India pitched for an upgrade in its sovereign rating outlook

India's fintech adoption rate at 87% as compared to 64% globally: FM

"I think India is the prime destination for digital activities, digital payments," FM Sitharaman said

India bonds likely to gain as govt refrains from adding to borrowing plan

The administration will adhere to its plan to borrow 12.05 trillion rupees ($163 billion) in the year through March, the finance ministry said in a statement Monday

Draft e-Commerce Rules 2021: Why aren't all ministries on the same page?

There seem to be differences within the government on the draft e-commerce rules. How serious are these? Or is it just part and parcel of any robust policy-making process? Let's find out

Advance tax collection up 52% in September quarter, shows CBDT data

Current mop-up 14.6% higher than the 2019-20 level of Rs 2.21 trillion

Finance ministry notifies procedure for goods exported under RoDTEP

The rates for 8,555 products - such as marine, agriculture, leather, gems and jewellery - were announced under the RoDTEP scheme in August this year.

Finance Ministry withdraws spending curbs on ministries, departments

The overall expenditure of more than 80 out of 101 departments, including steel, labour and civil aviation, was restricted to 20% of the Budget estimate for this fiscal year

Top headlines: Govt withdraws spending curbs; direct tax mop-up grows 74%

Business Standard brings you the top headlines on Friday

Made additional efforts to clear Punjab's GST dues: Nirmala Sitharaman

Union Finance Minister Nirmala Sitharaman on Friday said she made additional efforts to clear Punjab's pending GST dues of more than Rs 1,400 crore, which should be recognised

Net direct tax mop-up grows 74% at Rs 5.7 trn so far this fiscal

Refunds amounting to Rs 75,111 crore have also been issued so far this fiscal.

Finance Ministry to seek ratings upgrade for India in meeting with Moody's

The meeting is scheduled for September 28, according to people familiar with the matter

FinMin suggests restarting decades-old apprenticeship scheme in railways

The Finance Ministry has recommended the railways restart a 94-year-old apprenticeship scheme, which was discontinued in 2015

India plan for tighter e-commerce rules faces internal govt dissent: Report

The Ministry of Finance is said to have described some proposals as 'excessive' and 'without economic rationale'

GST Council to meet on Sept 17, to review rate on Covid essentials

The GST Council will meet on September 17 in Lucknow which among other things may review concessional rates on Covid essentials

GST Council meet on Friday; rate review, concession to Covid drugs on cards

The GST Council, chaired by Finance Minister Nirmala Sitharaman, will meet on Friday, which among other things may review tax rate of over four-dozen items and extend till December 31, tax concessions on 11 COVID drugs. Also, taxing petrol and diesel under the single national GST tax and a proposal to treat food delivery apps such as Zomato and Swiggy as restaurants and levy a 5 per cent GST tax on supplies made by them would be taken up by the Council at its meeting in Lucknow on September 17. "Finance Minister Smt @nsitharaman will chair the 45th GST Council meeting at 11 AM in Lucknow tomorrow. The meeting will be attended by MOS Shri @mppchaudhary besides Finance Ministers of States & UTs and Senior officers from Union Government & States," the Finance Ministry tweeted. The Council, comprising central and state finance ministers, will deliberate on the proposal of extending the existing concessional tax rate structure on Amphotericin B, Tocilizumab, Remdesivir and ...