Anupam Mittal

Photo: The Times of India

Anupam Mittal Lashes At GST Of 28% On Online Gaming

The recently announced 28% GST on online gaming has disappointed many businessmen, especially those in online gaming like horse racing, and casinos. Recently, a judge of Shark Tank India said, Anupam Mittal said, "'Latest lessons - stop gaming, start building rockets, move money from crypto to tomatoes."Earlier Ashneer Grover, a startup king said, "RIP - Real money gaming industry in India." The Union Ministry imposed 28% GST on… read-more

Thu, 13 Jul 2023 - 01:11 PM / by Varsha Joshi

Tags: online gaming, FINANCE MINISTRY, Anupam Mittal, shark tank India, business

Courtesy: NDTV

Polavaram Project

Photo: The Telangana Today

Good News For AP As Centre Approves Rs 12,911 Crores Funding

In a major development for Andhra Pradesh, the Central Government approved Rs 12,911 crores as additional funding to the State Government. The decision was taken by the Union Finance Ministry, after a meeting held between the Jal Shakti Department officials. The major announcement came as a boon to the YS Jagan Mohan Reddy-led YSRCP Government, which was demanding funding for the construction of the Polavaram Project.

Tue, 06 Jun 2023 - 11:22 AM / by Varsha Joshi

Tags: Andhra Pradesh Govt, Funds, Polavaram Project, FINANCE MINISTRY, Jal Shakti

Courtesy: One India

Nirmala Sitharaman

Photo: The Times of India

Nirmala Sitharaman Emphasises On 7 Priorities For Union Budget 2023-2024

Union Finance Minister Nirmala Sitharaman who will shortly present the full-fledged Union Budget 2023-2024, outlined seven priorities of the union budget. She emphasized seven priorities, calling it 'saptrishi'. Sitharaman said, Inclusive development, Reaching the last mile, Infrastructure and investment, Unleashing the potential, Green growth, Youth power and the Financial sector are the most important priorities for the Modi Government in… read-more

Wed, 01 Feb 2023 - 11:28 AM / by Varsha Joshi

Tags: Nirmala Sitharaman, FINANCE MINISTRY, Budget 2023-2024, Indian Politics, Budget

Courtesy: Hindustan Times

Nirmala Sitharaman

Photo: Business Standard

Govt Taking Necessary Measures Against Dubious Digital Loan Apps In India

Union Finance Minister Nirmala Sitharaman said the Government of India is taking action against dubious digital loan apps, including those originating from outside the country. During the Parliament session, Sitharaman clarified these loan apps, saying Indians who helped in setting them up will also be facing strict actions. On August 2, Rajya Sabha proceedings, Union FM said, many Indian borrowers are being harassed and money is being… read-more

Tue, 02 Aug 2022 - 08:15 PM / by Varsha Joshi

Tags: digital loan, dubious applications, Nirmala Sitharaman, parliament, FINANCE MINISTRY


Photo: News9 Live

DRI Detects Customs Duty Evasion Of Rs 4,389 Cr By Chinese Firm Oppo In India

Finance Ministry reported on July 13 that Directorate of Revenue intelligence personnel had discovered Rs 4,389 crore in duty fraud by Chinese smartphone manufacturer Oppo through incorrect import declarations. The DRI conducted searches at Oppo India's workplace and key management workers' homes, resulting in the seizure of damning evidence proving deliberate misdeclaration in the description of certain materials imported by Oppo India. The… read-more

Wed, 13 Jul 2022 - 06:20 PM / by Vidhi Jhunjhunwala

Tags: DRI, Oppo, Customs Duty, FINANCE MINISTRY, Chinese

Courtesy: Free Press Journal


Photo: The Economic Times

GST Revenue Collection Crosses Rs 1.44 Lakh Crore In June

In June, the GST collections increased by 56%,  to over Rs 1.44 lakh crore on economic recovery, said the Union Finance Ministry, on July 1. As per sources, during June, the revenues from the import of goods were 55 per cent higher and the revenues from domestic transactions. The Union Ministry said, this is a "rough-bottom line" and said, this is the fifth time, GST-monthly collection crossed the Rs 1.40-lakh-crore.

Fri, 01 Jul 2022 - 06:36 PM / by Varsha Joshi

Tags: GST Revenue, Percentage, Higher In June, FINANCE MINISTRY, Nirmala Sitharaman

Air India

Photo: CNN

Get Cheap Air Tickets On Govt Account With Prior Bookings: Finance Ministry

In a release, the Union Finance Ministry asked government employees to opt for the 'cheapest fare available' on their entitled travel class a month prior booking, on a government account. Aiming a reduce prices on tickets, the ministry said, employees, to book one ticket for each leg, avoiding unnecessary cancellations. Furthermore, it mentioned bookings prior 72-hours of intended travel, and cancellations less than 24 -hours will need a self… read-more

Mon, 20 Jun 2022 - 04:22 PM / by Varsha Joshi

Tags: Government Employees, FINANCE MINISTRY, Air Tickets, Cheap Flights, Air India


Photo: NDTV

Consultation On Cryptocurrencies Done, Papers Will Be Submitted Soon

The Economic Affairs Secretary Ajay Seth addressed the media and said, they have completed the consultation on cryptocurrencies and will submit the report soon. Seth on May 30, said, "A global response is needed to deal with the challenges posed by crypto." His statement came on the lines of an event organized by Union Finance Minister Nirmala Sitharaman. Notably, bitcoins and their usage legally is a concern globally.


Mon, 30 May 2022 - 07:30 PM / by Varsha Joshi

Tags: Cryptocurrencies, FINANCE MINISTRY, Nirmala Sitharaman, Ajay Seth, Indian Govt

Indian Oil Petrol Bunk

Photo: Bloomberg

Centre 'Unlikely' To Agree For Tax Cut As Relief From Rising Fuel Prices: Experts

The Central Government is not mulling over any plans for tax cuts on fuel to provide relief from the sting of rising fuel prices, said experts. The issue of this global rise in fuel price was raised during a recent meeting between senior executives, finance and oil ministers, and others. A person privy to the discussion said that the Finance Ministry has turned down the proposal to cut the duty.

Thu, 14 Apr 2022 - 06:31 PM / by Varun Das

Tags: business, Inflation, fuel prices hike, tax cut, FINANCE MINISTRY

Courtesy: The Economic Times


Photo: The Economic Times

Finance Ministry Clears Rs 96,576 Crore To States As GST Compensation

The Union Finance Ministry has released Rs 96,576 crore to states and Union Territories (UTs) to cover the revenue shortfall in connection with the implementation of Goods and Services Tax (GST). In addition, the Centre has provided an additional Rs 1.59 lakh crore in the form of back-to-back loans to states and UTs. Notably, the Centre also gave a nod to extend the GST compensation cess till March 2026.

Fri, 25 Mar 2022 - 07:16 PM / by Shaloo Priya


Courtesy: ANI News