October 10, 2024, 05:38 PM - 2 min read
The substantial disbursement, announced by the Finance Ministry on Thursday, includes an advance instalment in addition to the standard monthly release, effectively doubling the usual allocation of Rs 89,086.50 crore for October 2024.
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October 7, 2024, 10:50 AM - 2 min read
The government announced that the bilateral investment treaty (BIT) between India and the UAE, signed on February 13 in Abu Dhabi, has been enforced from August 31, 2024.
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September 26, 2024, 08:21 PM - 3 min read
The Finance Ministry will begin pre-Budget meetings from October 10 to finalise allocations for 2025-26 and revised estimates for the current fiscal, with a focus on growth and job creation.
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September 23, 2024, 05:41 PM - 4 min read
The Finance Ministry and Reserve Bank of India are set to discuss the future of Sovereign Gold Bonds (SGB) amid declining issuance rates and increased attractiveness of physical gold following reduced import duties, with decisions impacting market borrowing for the upcoming fiscal half.
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September 22, 2024, 03:52 PM - 2 min read
The finance ministry will begin preparing the 2025-26 budget in the second week of October, focusing on reforms to boost economic growth, job creation, and demand, with a provisional budget expected to be finalised after pre-budget meetings and presented on February 1, 2025.
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September 14, 2024, 03:33 PM - 3 min read
The finance ministry has increased the basic customs duty on crude palm, soybean, and sunflower seed oil from 0% to 20%, and on refined versions from 12.5% to 32.5%. This change raises the effective duty on crude oils from 5.5% to 27.5% and on refined oils from 13.75% to 35.75%.
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August 16, 2024, 03:11 PM - 2 min read
The Revenue Department under the finance ministry has issued a notification under the Prevention of Money-laundering Act allowing the 15 reporting entities to conduct Aadhaar-based KYC (know your customer) process.
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May 25, 2024, 03:27 PM - 2 min 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.
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April 30, 2024, 02:10 PM - 2 min 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.
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April 2, 2024, 09:43 AM - 2 min 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.
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April 1, 2024, 10:56 AM - 2 min 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.
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March 27, 2024, 05:48 PM - 2 min 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.
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