Budget 2023: Modi govt announces 5 major changes in income tax
FM proposes to increase personal I-T rebate limit to ₹7 lakh under new tax regime; to cut total slabs to 5 and increase exemption limit to ₹3 lakh
finance ministry
February 2023
January 2023
December 2022
November 2022
October 2022
Jan GST collection 2nd highest ever at ₹1.55 lakh cr
The GST revenue collection in the current financial year up to January 2023 is 24% higher than the GST revenues during the same period last year.
Centre likely to slow down highway capex in Budget 2023
The highway ministry is likely to get gross budgetary support to the tune of ₹2.10 lakh crore in the upcoming budget.
Six years since note ban, cash in circulation nearly doubles to ₹31 lakh cr
The value of the total currency in March this year has gone up 89% to ₹31,05,721 crore, compared with Rs 16,41, 571 crore as of March 2016.
Crypto policy with FinMin; needs global collaboration: MoS Pankaj Chaudhary
Any legislation can be effective only with significant international collaboration on the evaluation of risks and benefits, says Pankaj Chaudhary.
Direct tax collection up 24.2% to ₹8.7 lakh cr till Nov
FinMin says July 31, 2022, marked the highest filing of ITRs in one day at 72.42 lakh, while throughout the month, 5.13 crore returns were filed.
GST revenue rises 11% to ₹1.46 lakh cr in Nov
Govt collects GST revenue of over ₹1.4 lakh crore for 9th straight month; revenue on month-on-month basis dips as govt grossed ₹1.5 lakh cr GST revenue last month.
India’s GDP growth slows to 6.3% in July-Sept period
Q2 GDP growth eases due to lack of favourable base effect; in terms of GVA, growth for Q2 stands at 5.6%, a dip from 8.3% in year-ago period.
Easing commodity prices to dampen inflationary pressures: FinMin
The finance ministry has cited the rising fuel prices as a major contributor to the gap between CPI and WPI inflation in the past few months.
ITR filing deadline for companies extended
The development comes days after the IT department extended the due date to file tax audits for the fiscal year 2021-22 by seven days due to technical glitch.
