Tag: finance ministry
Govt modifies Mutual Credit Guarantee Scheme to support MSME manufacturers, exporters
The Finance Ministry on Saturday said the Mutual Credit Guarantee Scheme for MSMEs (MCGS-MSME) has been modified to support manufacturers and exporters, allowing a 5…
Govt gets Parliament nod for Rs 2.01 lakh crore additional spending in FY26
Parliament on Tuesday approved the second batch of supplementary demands for grants, allowing the government to spend an additional Rs 2.01 lakh crore in the…
FinMin advises banks to speed up IBC resolutions
The finance ministry has advised banks to take a collaborative approach in the resolution of pending Insolvency and Bankruptcy Cases (IBC) for asset value maximisation,…
Govt plans study to assess impact of formalisation on workers
New Delhi: The government plans to assess whether the rapid formalisation of the economy and digital transformation are helping create long-term income and employment opportunities…
Financial Inclusion 2.0 in works; FinMin plans push to bring informal borrowers into formal credit system
New Delhi: The finance ministry on Wednesday held deliberations to prepare a road map for Financial Inclusion 2.0. In a statement, the finance ministry noted…
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…