Finance Ministry News
PSU insurers to extend all hands to Kerala landslide victims, says finance ministry
The Ministry of Finance has mandated all public sector undertaking (PSU) insurance companies to extend all hands in supporting the victims of the tragic landslide in the state of Kerala. The finance ministry wants to expedite the process of claims in the insurance payments
2 min read3 Aug 2024Income tax clearance certificate not mandatory for all abroad travellers; Centre clarifies post social media outrage
The Income Tax department said that a person can be asked to obtain an income tax clearance certificate only after recording the requirements’ reasons.
1 min read28 Jul 2024More businesses face regulatory heat on beneficial ownership
The trend shows that RoCs are digging deep on various regulatory filings of the companies not only in India but also those made to overseas regulatory agencies that are publicly available.
3 min read19 Jul 2024Aluminium companies urge finmin to revise duty structure on metal and scrap in budget to prevent dumping
Ahead of the budget, the country’s aluminium industry has sought an increase in import duties on the metal and its scrap, flagging dumping of the metal from Middle East, ASEAN region countries and China.
3 min read15 Jul 2024LIC looks to buy a standalone private health insurer
The state-run insurance behemoth is planning to foray into health cover business with a readymade customer base, preferring to take over a player that has digital capabilities. LIC intends to leverage its network in the country to grow the planned health insurance business
4 min read14 Jun 2024Russia’s wealthy elite could face higher income tax as authorities propose a new, progressive system
Russia’s wealthy elite could face higher income tax as authorities propose a new, progressive system
1 min read29 May 2024Finance Ministry seeks suggestions, proposals for Annual Budget 2021-22
General public in their individual capacity need to register on MyGov to submit their ideas for Budget 2021-22, says govt
1 min read13 Nov 2020Stimulus package: Govt announces ₹65,000 crore to make fertilisers available for farmers
The finance minister announced the ’Aatmanirbhar’ package 3.0 in New Delhi to help boost growth in the countryThis announcement comes as the usage of fertilisers rose 17.8% as compared to the previous financial year
1 min read12 Nov 2020Popular Topics
Budget
The Union Budget contains details about the estimated receipts and the expenditure of the government for a particular fiscal year. The Budget is allotted for the upcoming fiscal year, which runs from 1st April to 31st March of the next year. Here is a quick guide on how the Union Budget is prepared