Written by Khushboo Narayan, George Mathew, edited by Explained Desk | Mumbai | Updated: March 13, 2021 5:00:15 pm The decision of the Securities and Exchange Board of India (Sebi) to impose restrictions on mutual fund (MF) investments in additional Tier 1 (AT1) bonds has caused a storm in the …
Read More »GST Charges: February 2021 GST Charge at Rs 1.13 lakh crore: Ministry of Finance
NEW DELHI: The GST collection in February this year stood at Rs 1.13 lakh crore, according to data released by finance Minister Monday. This is the fifth month in a row of GST’s collection to exceed the 1 lakh crore rupee mark. The current cleaning is a 7 percent increase …
Read More »India’s Q3 GDP Growth Reflects Further Strengthening V-Shaped Recovery: Government
India’s economic growth in the December quarter is “a reflection of a further strengthening of the V-shaped recovery that began in the second quarter of 2020-21,” the Finance Ministry said on Friday. After contracting for two consecutive quarters, India’s gross domestic product (GDP) posted marginal growth of 0.4% year-on-year in …
Read More »Finance and Niti had raised red flags before Adani swept six airports
BOTH the Finance Ministry and Niti Aayog had filed record-breaking objections to the 2019 airport bidding process, which were overturned, clearing the way for a full cleanup of six airports by the Ahmedabad-based Adani Group, they show. the records accessed by The Indian Express. . This becomes important given that …
Read More »GST Evasion: GST officers arrest a person for evasion of duties of around Rs 831.72 crore
NEW DELHI: GST officers have unearthed tax evasion 832 million rupees for clandestine manufacturing and supply of gutkha / pan masala tobacco products and arrested one person, the finance Minister he said on Sunday. “GST Central Delhi’s Western Commissioner has uncovered GST evasion through clandestine manufacturing and supply of gutkha …
Read More »GST revenue collection, December record high of Rs 1.15 Lakh Cr; In tune with the recovery trend, says the government
GST collections reached a record high of more than Rs 1.15 lakh crore in December, reflecting holiday demand and the revival of the economy. GST gross revenue collected in the month of December 2020 is Rs 1,15,174 crore and is the highest since the introduction of the goods and services …
Read More »EPFO begins to credit 8.5% for 2019-20, an amount that will be reflected in the EPF accounts as of January 1
Retirement fund body EPFO on Thursday began crediting an 8.5 percent interest rate to the employee provident fund (EPF) for 2019-20 for its more than six million members, said a high Commissioner. A large number of members of the Employee Provident Fund Organization (EPFO) could see their EPF accounts updated …
Read More »The Finance Ministry had backed the Mandi tax, which BJP criticizes for countering the protests
New Delhi: Amid furious protests against the controversial land laws passed by the Center, a much more widespread and profound controversy has arisen over the taxes levied on state agricultural markets. Members of the ruling Bharatiya Janata Party have been criticizing the Agricultural Products Market Committee tax in an effort …
Read More »Air India’s new owner may be allowed to downsize the fleet and lay off staff
Since the skies are far from clear, the new owner will also be able to lay off employees, as his requirement will drop with the reduction in fleet size, officials familiar with the matter said. Topics Air India | Sale of Air India | Privatization of Air India The central …
Read More »Finance Minister promises ‘never before’ like Union budget, seeks contributions
The Union budget for 2021-22 is scheduled to be presented in Parliament on February 1, 2021 Finance Minister Nirmala Sitharaman promised a “never before” Union Budget on Friday as the government seeks to steer the pandemic-hit economy and boost growth. While investment in healthcare, medical research and development (R&D), and …
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