20% TCS on credit card spends abroad not high: Govt
International credit cards are being issued with limits in excess of the current LRS limit of $2,50,000, says Ministry of Finance
ministry of finance
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GST e-invoicing threshold lowered to ₹5 crore
Businesses with a turnover of ₹5 crore or more will be required to switch to e-invoicing from August 1, 2023
Indian banks less prone to U.S. crisis: FinMin
Investments in held-to-maturity securities by the Indian banks are limited to 23% of deposits, according to the monthly economic review for March.
More than ₹40,700 cr sanctioned to over 1.8 lakh accounts under Stand Up India scheme in 7 yrs: FM
Stand Up India scheme was launched on April 5, 2016, in order to promote entrepreneurship at the grassroot level amongst women, and SC/ST (Scheduled Caste/Scheduled Tribe) category.
GST collection up 12% YoY to ₹1.5 lakh cr in February
On a month-on-month basis, Feb collection declines; Centre says Feb being a 28-day month saw a relatively lower revenue collection
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.
Budget 2023: A case for stronger fiscal push
India has moderately high debt and deficit levels, but the imperatives to push demand, correct K-shaped distortions and global experiences far outweigh the need for fiscal consolidation.
Gross direct tax collection jumps 26% to ₹13.63 lakh cr for FY23
The net direct tax collection grew 19.81% year-on-year to ₹11,35,754 crore during the ongoing financial year.
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.
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.
