Centre releases Rs. 8923.8 crore to Panchayats in 25 States
The Department of Expenditure, Ministry of Finance,yesterday released an amount of Rs. 8,923.8 crore to 25 States for providing grants to the Rural Local Bodies...
Revenue Deficit Grant of Rs. 9,871 crore released to 17 States
The Department of Expenditure, Ministry of Finance today released the 2nd monthly installment of Post Devolution Revenue Deficit (PDRD) Grant of Rs. 9,871 crore for...
Exchange Rate Notification No.46/2021 – Customs (N.T.)
In exercise of the powers conferred by section 14 of the Customs Act, 1962 (52 of 1962), and in supersession of the Notification No.43/2021-Customs(N.T.),...
GST compensation shortfall released to States reaches Rs. 1 lakh crore
The Ministry of Finance, Department of Expenditure has on Friday, released the 17th weekly instalment of Rs.5,000 crore to the States to meet the GST...
Finance Minister presents first ever Union Budget digitally; Focus on Atma Nirbhar Bharat
The Union Minister for Finance & Corporate Affairs, Smt Nirmala Sitharaman presented the Union Budget 2021-22 in Parliament today, which is the first budget...
The Report of the Fifteenth Finance Commission
The Fifteenth Finance Commission (XVFC)’s ToR was unique and wide ranging in many ways. The Commission was asked to recommend performance incentives for...
India to Become the Fastest Growing Economy in Next Two Years as Per IMF
India’s real GDP to record a growth of 11 per cent in 2021-22 and nominal GDP by 15.4 per cent-the highest since independence. The...
Extension of due dates for Annual Return and Reconciliation Statement for 2018-19
The Government has been receiving a number of representations regarding need to extend due date for filing Annual Return (FORM GSTR-9) and Reconciliation Statement...
Twenty States allowed to mobilize Rs.68,825 crore
The Department of Expenditure, Ministry of Finance, has today granted permission to 20 States to raise an additional amount of Rs.68,825 crore through open...
Measures taken by Government to reform Direct Tax regime
Over the last few years, in order to provide a non-intrusive and non-adversarial tax ecosystem, the Government has taken various measures to reform the...