[ad_1] GST Collections March 2024: In a boost for the economy, the gross Goods and Services Tax (GST) collections for the month of March came in at the second highest ever level of Rs 1.78 lakh crore. This is an 11.5% year-on-year growth, according to the Ministry of Finance.This increase was primarily fueled by a…
[ad_1] Tax benefits of NSC: The National Savings Certificate (NSC) is a government-backed scheme ideal for low-risk investors. It offers guaranteed returns and tax benefits. NSC certificates are available in electronic or passbook formats.Interest rate updateThe current interest rate for NSC stands at 7.7% for the quarter from April to June 2024. It’s important to…
[ad_1] State-owned Bharat Electronics Ltd (BEL) on Tuesday said it has bagged orders worth Rs 847.84 crore, including a major project from the finance ministry. The company bagged an order worth Rs 665.84 crore (plus taxes) from Central Board of Indirect Taxes and Customs (CBIC), Ministry of Finance, to implement and manage IT infrastructure. “The…
[ad_1] NEW DELHI: The Indian economy is projected to grow close to 7 per cent in the financial year 2024-25 that starts this April, said the Ministry of Finance in its monthly review report.The strength of domestic demand has driven the economy to a 7 per cent plus growth rate in the last three years.India’s…
[ad_1] Bank holidays on Republic Day 2024 weekend: As the week unfolds, banks are preparing for a three-day weekend, with closures scheduled starting from Friday, i.e., January 26, 27, and 28. The month of January 2024 brings a total of 16 holidays for banks, including the second and fourth Saturdays, Sundays, and various regional holidays.The…
[ad_1] NEW DELHI: A total of Rs 13.7 lakh crore worth direct taxes (net) have been collected so far in the current financial year 2023-24, representing a 20.66 per cent increase on a yearly basis, according to provisional figures put out by the government on Monday.The collections were to the tune of Rs 11.3 lakh…
[ad_1] NEW DELHI: The central government and the Asian Development Bank (ADB) signed a USD 175 million loan to improve the connectivity and resilience of roads in Madhya Pradesh.The signatories to the loan agreement were Juhi Mukherjee, Joint Secretary, Department of Economic Affairs, in the Ministry of Finance, for the Government of India, and Takeo…
[ad_1] COLOMBO: Union Finance Minister Nirmala Sitharaman on Friday appreciated the State Bank of India (SBI) for becoming the first foreign bank in Sri Lanka to successfully launch a pathbreaking direct Sri Lankan Rupee-Indian Rupee trade. Sitharaman, who is on a three-day official visit to the crisis-hit island nation, along with P.S.M. Charles, the Governor…
[ad_1] NEW DELHI: The Central Board of Indirect Taxes and Customs (CBIC) continues to advance the Special Campaign for Disposal of Pending Matters 3.0, with remarkable accomplishments achieved in its third week of operation.One of the key highlights of the campaign this year has been the efficient disposal of seized commodities, particularly narcotic substances and…
