FinMin

The interest rate for MSSC is 7.5 per cent per annum, which is compounded quarterly.MSSC account may be opened by women of any age group, including the girl child, with a minimum deposit of Rs 1,000 and a maximum deposit of Rs 2 lakhs for a…

The finance ministry on Monday said there is no proposal to extend the deadline for the exchange of ₹2,000 notes beyond September 30, 2023. A woman holds ₹2000 notes as she exchanges demonetised notes at a bank in Chennai.(AFP File…

Strong balance sheets and digital advancements could lead to better credit decisions, says the finance ministry report. (Representative image)In its Annual Economic Review For May 2023, the finance ministry says Indian economy has carried…

Representational image only. | Photo Credit: Twitter/@FinMinIndia “Stellar macroeconomic management in the midst of unprecedented global challenges has put India on a quicker recovery path than has been the case in other nations,” the…

Minister for Finance and Revenue Senator Ishaq Dar (right) speaks to US Ambassador Pakistan Donald Blome in Islamabad, on June 21, 2023. — Twitter/@FinMinistryPakISLAMABAD: Pakistan has again sought the help of the United States to…

In the current fiscal, the deficit is budgeted at 5.9% of GDP. (For Representational purpose only) | Photo Credit: PTI The Finance Ministry officials will showcase India’s strong economic fundamentals and pitch for a sovereign rating…

The finance ministry has started the process of deciding on a new convenor of the GoM on GST rate rationalisation, sources said. The position has been lying vacant following the change of government in Karnataka. Former Karnataka chief…

Union Minister Nitin Gadkari. (File Photo/PTI)The surety bond insurance is a risk transfer tool for the principal, and shields the principal from the losses that may arise in case the contractor fails to perform his contractual…

The government on Friday walked back its plan to levy a 20% tax on overseas credit card spending from July 1, in the face of a furore from taxpayers as well as businesses, and decided to exempt any payments by an individual using their…

The government on Friday announced that no tax will be charged on overseas spending of up to Rs 7 lakh in a year using debit or credit as it looked to douse backlash from its earlier decision of levying TCS on all spending. The government…