Tag: Ministry Of Finance
Government consultancy tenders open doors for Indian firms
The Finance Ministry has advised government departments to relax consultancy tender rules, reduce excessive turnover and staffing conditions, and create fairer opportunities for Indian firms.
Finance Minister Nirmala Sitharaman outlines roadmap for simpler customs duty by FY28
Finance Minister Nirmala Sitharaman says customs duty on most items will fall to single digits by FY28 Budget, while stressing borrowing only for asset creation.
Centre allocates Rs 1.09 lakh crore more to states in August installment to strengthen state finances
The Union government has released an additional Rs 1.09 lakh crore as tax devolution to state governments ahead of the regular monthly transfer, giving states extra room to push capital spending and development work.
Privatising Public Sector Banks won’t make financial inclusion difficult: Finance Minister Nirmala Sitharaman
Finance Minister Sitharaman argued that the privatisation of PSBs is not contrary to the goal of financial inclusion.
Festive boom in India pushes up GST collections 5% in October
Despite recent tax cuts on several goods, net collections after refunds stood strong at 1.69 trillion rupees, a marginal increase of 0.6 percent compared with October 2024.