Tag: finance ministry
Draft Income Tax Rules raises threshold for quoting PAN for cash deposits, car purchase, others
Draft Income Tax Rules have proposed significantly raising transaction limits for quoting of PAN for cash deposits/withdrawal in banks, purchase of motor vehicles and property,…
No tax risk for foreign companies setting up data centres in India under new Budget proposal: Finance Ministry sources
New Delhi: The Budget proposal of a 20-year tax holiday to foreign companies which provide cloud services globally will be available only to those which…
India seeks to boost manufacturing, hit $1.3 tn in exports through deregulation, sources say; announcement likely in Budget
India will seek to triple the nation’s exports by 2035 by boosting manufacturing through structural changes rather than with hefty spending, according to two government…
Govt approves wage revision of PSU general insurers, NABARD, RBI employees, pensioners
New Delhi, The central government has approved wage revisions for PSU General Insurance companies and the National Bank for Agriculture and Rural Development (NABARD), as…
Budget 2026: FinMin shares status of key direct tax reforms for investors, startups and aam aadmi
New Delhi: The Centre Government of India has completed the implementation of several key direct tax reforms announced in recent Union Budgets, aiming to enhance…
National Highway builders ask Finmin to clarify arbitration order
The National Highway Builders Federation (NHBF) has requested the finance ministry to issue sector-specific clarification or guidance regarding the ministry’s order of 2024 to end…
Union Budget 2026: Centre’s dividend kitty may beat budget estimates in FY26
New Delhi: The government’s dividend collections from non-financial central public sector enterprises (CPSEs) and entities where it holds minority stakes may exceed the budgeted target…
Finance ministry to take a relook at crop insurance plan
The finance ministry has begun a review of the cup-and-cap model under the government’s flagship crop insurance programme, Pradhan Mantri Fasal Bima Yojana (PMFBY), amid…
A step forward: 83 GSTAT members allotted benches
NEW DELHI: The finance ministry has allotted benches to 83 newly appointed members of the Goods and Services Tax Appellate Tribunal (GSTAT), a key step…
Budget 2026: Budget 2026: States may get bigger capex push as Centre plans higher interest-free loans
The central government is considering raising long-term interest-free loans to states in the budget for 2026-27 for their capital asset creation, expecting the high multiplier…