ministry of finance

Investment in Share Market: Fundamental V/S Technical

Finance - Ever wondered what is the difference between Fundamental and Technical approaches to Stock Picking? Is Technical Analysis a form of betting your money? Is only investing with Fundamentals in mind enough? Hope you are all enjoying the upswing in the market post March, 2020. Sensex & Nifty has bounced back & have bounced back in a ...

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The Illusion of Return on Investment

Finance - In March 2020, when we had a market crash due to Covid-19, there were many people & articles talking about Market are under-performing, Returns from Bank Deposits in last 10 to 15 years of time frame.. So if this was true, are Bank Deposits really better Instruments than Mutual Funds or Direct Equity? Are the […]...

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Where to Invest Money in India Now – Booming Market & Money Making

Finance - General believe lies among several goes saying Stock Market is very unstable, turbulent, uncertain, gamble and nobody likes taking risks in terms of hard earned money. But the truth lies in fact It has given Extraordinary returns to discipline Investors who understood the power of compounding at Early age and shown good character in inves...

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FM releases COVID Relief Package to boost economy: A Liquidity Lifeline

Finance - Welcome Announcements by Finance Minister to boost COVID affected sectors: Healthcare, Tourism, Exports, Job Creation In a bid to boost the economy battered by the second wave of COVID-19, Finance Minister Smt. Nirmala Sitharaman, on 28th June, 2021, announced a relief package targeting healthcare, tourism, exports and job creation, among...

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Financial Assistance Schemes for Electronic Component Manufacturers

Finance - Financial Assistance for Electronic Component Manufacturers PLI SCHEME – AN OVERVIEW Production Linked Incentive Scheme (PLI) for Large Scale Electronics Manufacturing offers a production linked incentive to boost domestic manufacturing and attract large investments in mobile phone manufacturing and specified electronic components, incl...

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Services Contributed Over 50% To GDP

Finance - SERVICES CONTRIBUTED OVER 50% TO GDP SECTOR WITNESSED 10.8% GROWTH DURING FIRST HALF OF 2021-22 8.2 % GROWTH EXPECTED IN OVERALL SERVICES SECTOR FDI INFLOW OF $ 16.73 BILLION RECEIVED IN FIRST HALF (H1) OF 2021-22 22.8% INCREASE IN NET EXPORTS OF SERVICES IN H1 2021-22 IT-BPM REVENUES REACHED $ 194 BILLION, GROWING BY 2.26% […]...

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DGGI refutes speculative media reports in case of ‘Odochem Industries’

Finance - DGGI refutes multiple speculative media reports in case of M/s Odochem Industries; sets the record straight on facts In the context of ongoing investigations by the Directorate General of GST Intelligence (DGGI) in the case of M/s Odochem Industries, Kannauj- a manufacturer of perfumery compounds – and its proprietor Shri Peeyush Ja...

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Public Debt Management Quarterly Report for July – September 2021 (Q2 FY22)

Finance - Since Apr-June (Q1) 2010-11, Public Debt Management Cell (PDMC) (earlier Middle Office), Budget Division, Department of Economic Affairs, Ministry of Finance, has been bringing out a quarterly report on debt management on a regular basis. The current report pertains to the quarter July - September 2021 (Q2 FY22)....

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FM concludes pre-Budget meetings for forthcoming Union Budget 2022-23

Finance - Finance Minister Smt. Nirmala Sitharaman concludes pre-Budget meetings for forthcoming Union Budget 2022-23 More than 120 invitees representing 7 stakeholder groups participated in 8 virtual meetings Union Minister for Finance & Corporate Affairs Smt. Nirmala Sitharaman chaired the pre-budget consultation meetings for Budget 2022-23 h...

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Tata Groups Gets back Air India after 68 Years – Wins Bid

Finance - Government Approves Air India Disinvestment Tatasons’ SPV – Talace Pvt Ltd – Wins Bid for Air India The Cabinet Committee on Economic Affairs  (CCEA) – empowered Air India Specific Alternative Mechanism (AISAM) comprising of Union Minister for Home Affairs and Cooperation Shri Amit Shah; Union Minister for Finance & C...

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Service Tax on Renting of Immovable Properties- AP High Court stays retrospective amendment

Trent Limited Vs. DDIT (High Court of Andhra Pradesh) - TRENT Ltd and Future Value Retail Ltd have challenged before the AP High Court, the service tax with retrospective effect on renting of immovable property, brought in by the Finance Act, 2010....

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Contingency Fund of India (Amendment) Rules, 2021

Notification No. G.S.R. 721(E) - (04/10/2021) - An amount equivalent to forty per cent of the Fund corpus shall be placed at the disposal of the Secretary, Ministry of Finance, Department of Expenditure for the purpose of meeting unforeseen expenditure, and beyond this limit, all further Contingency Fund releases shall be made with the approval o...

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Initiation of sunset Review investigation on imports of Toluene Di-isocyanate

Notification No. AD (SSR) - 20/2021 - (27/08/2021) - Case No. AD (SSR) - 20/2021 Initiation of sunset Review investigation concerning imports of Toluene Di-isocyanate (TDI), originating in or exported from China PR, Japan and Korea RP....

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CBDT designates Special Court for Meghalaya under Section 280A & Black Money Act

Notification No. 88/2021-Income Tax [S.O. 3136(E)] - (04/08/2021) - Notification No. 88/2021-Income Tax | Dated 04.08.2021 – High Court of Meghalaya, hereby designates the court of the senior most Judicial Magistrate First Class of East Khasi Hills District, Shillong as the Special Court for the State of Meghalaya for the purposes of sub- section (1) of sectio...

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Tariff Notification No. 63/2021-Customs (N.T.), Dated: 30.07.2021

Notification No. 63/2021-Customs (N.T.) [S.O. 3068(E)} - (30/07/2021) - Tariff Notification No. 63/2021-Customs (N.T.), Dated: 30.07.2021 in respect of Fixation of Tariff Value of Edible Oils, Brass Scrap, Areca Nut, Gold and Silver- Reg MINISTRY OF FINANCE (Department of Revenue) (CENTRAL BOARD OF INDIRECT TAXES AND CUSTOMS) Notification No. 63/2021-Customs (N.T.), Dat...

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Change in Location of Debts Recovery Appellate Tribunal, Chennai

Notification No. S.O. 2824(E) - (14/07/2021) - Central Government hereby notifies the following change in the location of Debts Recovery Appellate Tribunal, Chennai with effect from 09.07.2021...

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Recent Posts in "ministry of finance"

Services Contributed Over 50% To GDP

SERVICES CONTRIBUTED OVER 50% TO GDP SECTOR WITNESSED 10.8% GROWTH DURING FIRST HALF OF 2021-22 8.2 % GROWTH EXPECTED IN OVERALL SERVICES SECTOR FDI INFLOW OF $ 16.73 BILLION RECEIVED IN FIRST HALF (H1) OF 2021-22 22.8% INCREASE IN NET EXPORTS OF SERVICES IN H1 2021-22 IT-BPM REVENUES REACHED $ 194 BILLION, GROWING BY 2.26% […]...

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Posted Under: Finance |

DGGI refutes speculative media reports in case of ‘Odochem Industries’

DGGI refutes multiple speculative media reports in case of M/s Odochem Industries; sets the record straight on facts In the context of ongoing investigations by the Directorate General of GST Intelligence (DGGI) in the case of M/s Odochem Industries, Kannauj- a manufacturer of perfumery compounds – and its proprietor Shri Peeyush Ja...

Read More
Posted Under: Finance |

Public Debt Management Quarterly Report for July – September 2021 (Q2 FY22)

Since Apr-June (Q1) 2010-11, Public Debt Management Cell (PDMC) (earlier Middle Office), Budget Division, Department of Economic Affairs, Ministry of Finance, has been bringing out a quarterly report on debt management on a regular basis. The current report pertains to the quarter July - September 2021 (Q2 FY22)....

Read More
Posted Under: Finance |

FM concludes pre-Budget meetings for forthcoming Union Budget 2022-23

Finance Minister Smt. Nirmala Sitharaman concludes pre-Budget meetings for forthcoming Union Budget 2022-23 More than 120 invitees representing 7 stakeholder groups participated in 8 virtual meetings Union Minister for Finance & Corporate Affairs Smt. Nirmala Sitharaman chaired the pre-budget consultation meetings for Budget 2022-23 h...

Read More
Posted Under: Finance |

Tata Groups Gets back Air India after 68 Years – Wins Bid

Government Approves Air India Disinvestment Tatasons’ SPV – Talace Pvt Ltd – Wins Bid for Air India The Cabinet Committee on Economic Affairs  (CCEA) – empowered Air India Specific Alternative Mechanism (AISAM) comprising of Union Minister for Home Affairs and Cooperation Shri Amit Shah; Union Minister for Finance & C...

Read More
Posted Under: Finance |

Contingency Fund of India (Amendment) Rules, 2021

Notification No. G.S.R. 721(E) 04/10/2021

An amount equivalent to forty per cent of the Fund corpus shall be placed at the disposal of the Secretary, Ministry of Finance, Department of Expenditure for the purpose of meeting unforeseen expenditure, and beyond this limit, all further Contingency Fund releases shall be made with the approval of Secretary to the Government of India, ...

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Initiation of sunset Review investigation on imports of Toluene Di-isocyanate

Notification No. AD (SSR) - 20/2021 27/08/2021

Case No. AD (SSR) - 20/2021 Initiation of sunset Review investigation concerning imports of Toluene Di-isocyanate (TDI), originating in or exported from China PR, Japan and Korea RP....

Read More

Resolve glitches in Income Tax e-filing portal by 15th Sep 2021: FM to Infosys

The Finance Minister demanded that the issues faced by taxpayers on current functionalities of the portal should be resolved by the team by 15th September, 2021 so that taxpayers and professionals can work seamlessly on the portal....

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Posted Under: Finance |

CBDT designates Special Court for Meghalaya under Section 280A & Black Money Act

Notification No. 88/2021-Income Tax [S.O. 3136(E)] 04/08/2021

Notification No. 88/2021-Income Tax | Dated 04.08.2021 – High Court of Meghalaya, hereby designates the court of the senior most Judicial Magistrate First Class of East Khasi Hills District, Shillong as the Special Court for the State of Meghalaya for the purposes of sub- section (1) of section 280A of the Income-tax Act, 1961 and [...

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ITC fraud of more than Rs 31,000 crore busted in FY 2020-21

CGST authorities bust input tax credit fraud of more than Rs 31,000 crore involving more than 7,200 cases in FY 2020-21 The Goods and Services Tax authorities have unearthed over Rs 31,000 crore of tax fraud committed by misuse of input tax credit (ITC) provision under the Goods and Services Tax (GST) regime during the […]...

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Posted Under: Finance |

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