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.
ministry of finance
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Direct tax collection jumps 24% in first half of FY23
The direct tax collection, net of refunds, was up 16.3% at ₹7.45 lakh crore, compared to the corresponding period last year.
FinMin to seek asset monetisation report card from ministries during pre-Budget talks
A top government source says the ministry will review the progress made by various central ministries on the national asset monetisation pipeline announced by the Centre in last year's budget.
May GST collection jumps 44% to ₹1,40,885 crore
This is the fourth time the monthly GST collection crossed ₹1.40 lakh crore mark since the inception of GST and the third month at a stretch since March 2022.
GST revenue scales to all-time high of ₹1.68 lakh cr in April
April GST collection is 18% more than the previous record of ₹1,42,095 crore in March, as per finance ministry data.
November GST up 25% YoY to Rs 1,31,526 crore
These are the 2nd highest collections after the record set in April this year.
Will Mauritius regain the tag of India’s top investor?
Mauritius last week got the ‘eligible country’ status from India. Investment entities from the island country can register with SEBI as category–1 FPIs with less stringent KYC requirements.
The tax cut party continues at bourses
While equity markets continue to boom, economists warn about likely ‘subject-to’ consequences of the corporate tax cuts announced last Friday.
Borrowing cut of ₹70,000 crore shows govt confidence on fisc
Ministry of Finance expects to make up the difference through reduced buyback of government securities, additional flows from small savings and the introduction of retail-inflation indexed bonds.
