![Organised sector employment on the rise, says Finance Ministry report Organised sector employment on the rise, says Finance Ministry report](/_next/image?url=https%3A%2F%2Fapi.newsarenaindia.com%2F%2Fuploads%2F1073627891705992869417gettyimages1231033195india_dixon_smartphonesjpeg_1716631054284.jpeg&w=3840&q=8)
May 25, 2024, 02:57 AM - 2 mins read
The Finance Ministry's report highlights a decline in unemployment rates alongside a rise in formal employment, attributed to initiatives like Aadhar and portals like Udyam. EPFO data shows a net payroll increase and a trend of rejoining members, indicating a growing formalized labor market.
Read more![Finance Ministry to auction Rs 28,000 crore govt bonds on May 3 Finance Ministry to auction Rs 28,000 crore govt bonds on May 3](/_next/image?url=https%3A%2F%2Fapi.newsarenaindia.com%2F%2Fuploads%2Ffinanceministrypsuwatchminjpg_1714466412259.jpg&w=3840&q=8)
April 30, 2024, 01:40 AM - 2 mins read
The Finance Ministry announces the sale of Government bonds worth Rs 28,000 crore through a price-based auction in three lots, managed by the RBI. Bids accepted electronically on May 3, with results announced the same day.
Read more![Govt set to auction Rs 38,000 Cr bonds using RBI's Multiple Price Auction Method Govt set to auction Rs 38,000 Cr bonds using RBI's Multiple Price Auction Method](/_next/image?url=https%3A%2F%2Fapi.newsarenaindia.com%2F%2Fuploads%2F30rbijpg_1712031184453.jpg&w=3840&q=8)
April 1, 2024, 09:13 PM - 2 mins read
The Finance Ministry revealed on Monday its plans to issue government bonds worth Rs 38,000 crore through the Reserve Bank of India's (RBI) new multiple price auction method. Auction results announced on the same day, with successful bidders making payments by April 8.
Read more![April 1 brings revised rules from Taxes to NPS for FY25 : Here's what you need to know April 1 brings revised rules from Taxes to NPS for FY25 : Here's what you need to know](/_next/image?url=https%3A%2F%2Fapi.newsarenaindia.com%2F%2Fuploads%2Fbudget2024liveupdatesjpg_1711949201206.jpg&w=3840&q=8)
March 31, 2024, 10:26 PM - 9 mins read
April 1 initiates FY2024-25, introducing revised Union Budget regulations for income tax alongside Finance Minister Nirmala Sitharaman's FY25 interim Budget. Here's a summary of key updates on tax, NPS, EPFO, insurance, and mutual funds.
Read more![The Finance Ministry announced on Wednesday that the Centre intends to raise Rs 7.5 lakh crore through market borrowing in the April-September period of 2024-25 to address the revenue gap and bolster economic growth. The Finance Ministry announced on Wednesday that the Centre intends to raise Rs 7.5 lakh crore through market borrowing in the April-September period of 2024-25 to address the revenue gap and bolster economic growth.](/_next/image?url=https%3A%2F%2Fapi.newsarenaindia.com%2F%2Fuploads%2Frbilogojpg_1711541918617.jpg&w=3840&q=8)
March 27, 2024, 05:18 AM - 2 mins read
In the interim Budget, Finance Minister Nirmala Sitharaman proposed borrowing Rs 14.13 lakh crore by issuing dated securities to cover the revenue shortfall in the upcoming financial year. This figure represents a decrease from the previous year's gross borrowing estimate of Rs 15.43 lakh crore, which stood as the highest ever recorded.
Read more![FY 2023-24 sees impressive 19.88% growth in net direct tax collections FY 2023-24 sees impressive 19.88% growth in net direct tax collections](/_next/image?url=https%3A%2F%2Fapi.newsarenaindia.com%2F%2Fuploads%2Fgrossdirecttaxcollectionsofrs1237lakhcroreforfy202324ezgifcomwebptojpgconverterjpg_1710927378989.jpg&w=3840&q=8)
March 20, 2024, 02:36 AM - 2 mins read
The net direct tax collection of Rs 18,90,259 crore as on March 17, 2024, includes Corporation Tax (CIT) at Rs 9,14,469 crore (net of refund) and Personal Income Tax (PIT), including Securities Transaction Tax (STT) at Rs 9,72,224 crore (net of refund).
Read more![Direct tax collections surge by 19.88% to Rs 18.9 Trillion in FY 2023-24: Finance Ministry Direct tax collections surge by 19.88% to Rs 18.9 Trillion in FY 2023-24: Finance Ministry](/_next/image?url=https%3A%2F%2Fapi.newsarenaindia.com%2F%2Fuploads%2Foutlookbusiness_import_uploadimage_library_16_9_16_9_5_tax_1641950526jpg_1710926932142.jpg&w=3840&q=8)
March 20, 2024, 02:28 AM - 2 mins read
The Net Direct Tax collection of Rs 18,90,259 crore as of March 17 includes Corporation Tax at Rs 9,14,469 crore (net of refund) and Personal Income Tax including securities transaction tax (STT) at Rs 9,72,224 crore (net of refund).
Read more![One97 Communications Ltd, the parent company of Paytm, saw its shares drop over 2.50% in a special trading session following a Rs 5.49 crore penalty imposed by the Financial Intelligence Unit on Paytm Payments Bank One97 Communications Ltd, the parent company of Paytm, saw its shares drop over 2.50% in a special trading session following a Rs 5.49 crore penalty imposed by the Financial Intelligence Unit on Paytm Payments Bank](/_next/image?url=https%3A%2F%2Fapi.newsarenaindia.com%2F%2Fuploads%2Foip-53jpg_1709371352232.jpg&w=3840&q=8)
March 2, 2024, 01:22 AM - 2 mins read
In fresh trouble for Paytm Payments Bank, the Financial Intelligence Unit (FIU) has slapped a penalty of Rs 5.49 crore on the payments bank for violating anti-money laundering law, the finance ministry said on Friday.
Read more![The Finance Ministry is currently deliberating on potential revisions to Section 43B(h) of the Income Tax Act, which was introduced under the Finance Act of 2023. The Finance Ministry is currently deliberating on potential revisions to Section 43B(h) of the Income Tax Act, which was introduced under the Finance Act of 2023.](/_next/image?url=https%3A%2F%2Fapi.newsarenaindia.com%2F%2Fuploads%2Findianfinanceministernirmalasitharaman1024x678jpg_1709205737105.jpg&w=3840&q=8)
February 29, 2024, 03:22 AM - 3 mins read
According to Rajiv Chawla, Founder and Chairman of SME network IamSMEofIndia, invoices issued before April 1, 2023, and outstanding dues as of March 31, 2023, remain unaffected by the amendment. However, he clarified that payments made by March 31, 2024, would render expenses permissible, mitigating the impact of payment delays during the year or previous dues.
Read more![The Pension Fund Regulatory and Development Authority (PFRDA) has notified amendments to the National Pension System Trust and Pension Fund regulations. The Pension Fund Regulatory and Development Authority (PFRDA) has notified amendments to the National Pension System Trust and Pension Fund regulations.](/_next/image?url=https%3A%2F%2Fapi.newsarenaindia.com%2F%2Fuploads%2Fwhatsapp-image-20240221-at-81346-pmjpeg_1708526682340.jpeg&w=3840&q=8)
February 21, 2024, 06:43 AM - 2 mins read
In a statement issued by the finance ministry on February 21, it was highlighted that the amendments to the Pension Fund Regulations aim to align governance practices with the Companies Act, 2013, while also emphasizing enhanced disclosure standards by pension funds
Read more![India's finance ministry is set to convene meetings with the country's fintech startups next week, signaling a concerted effort to ensure compliance with regulatory frameworks India's finance ministry is set to convene meetings with the country's fintech startups next week, signaling a concerted effort to ensure compliance with regulatory frameworks](/_next/image?url=https%3A%2F%2Fapi.newsarenaindia.com%2F%2Fuploads%2F1623766315375jpg_1708410714819.jpg&w=3840&q=8)
February 19, 2024, 10:31 PM - 2 mins read
The upcoming discussions come in the wake of the recent turmoil surrounding Paytm Payments Bank, triggered by a directive from the Reserve Bank of India (RBI) ordering the banking unit of digital payments giant Paytm to cease operations due to "persistent non-compliances and continued material supervisory concerns."
Read more![West Bengal Budget 2024-25 tabled on Thursday. West Bengal Budget 2024-25 tabled on Thursday.](/_next/image?url=https%3A%2F%2Fapi.newsarenaindia.com%2F%2Fuploads%2Fmama5nai50jpg_1707405882707.jpg&w=3840&q=8)
February 8, 2024, 05:00 AM - 4 mins read
The West Bengal government tabled Gender and Child Budget for 2024-25. The crux of this approach is dedicated to uplift women and ensure complete child development.
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