
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
International credit cards are being issued with limits in excess of the current LRS limit of $2,50,000, says Ministry of Finance
Businesses with a turnover of ₹5 crore or more will be required to switch to e-invoicing from August 1, 2023
Investments in held-to-maturity securities by the Indian banks are limited to 23% of deposits, according to the monthly economic review for March.
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.
On a month-on-month basis, Feb collection declines; Centre says Feb being a 28-day month saw a relatively lower revenue collection
The highway ministry is likely to get gross budgetary support to the tune of ₹2.10 lakh crore in the upcoming budget.
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.
The net direct tax collection grew 19.81% year-on-year to ₹11,35,754 crore during the ongoing financial year.
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.
The direct tax collection, net of refunds, was up 16.3% at ₹7.45 lakh crore, compared to the corresponding period last year.