Finance Ministry

By Anjana Das New Delhi, May 27 (IANS) The Finance Ministry has asked all ministries to report evaluation of Central Sector schemes under them in an effort to decide on funds allocations and requirement of improvements in them prior to the…

By Subhash Narayan New Delhi, May 27 (IANS) At least two out of five petroleum products, including the aviation turbine fuel or ATF and natural gas, are likely to be among the first set of petro products to be included in the GST ahead of…

By Subhash Narayan New Delhi, May 27 (IANS) The next wave of bank consolidation is planned during the October-December quarter of the current fiscal with the Finance Ministry starting to seek information from PSBs on possible targets for…

New Delhi, March 6 (IANS) The Finance Ministry may explore a clearly-defined broad framework to ensure that cuts in GST rates benefit consumers. The fresh initiative is being considered in the wake of rising number of complaints against…

New Delhi, March 1 (IANS) The revenue collection under the Goods and Services Tax (GST) rose more than 13 per cent to Rs 97,247 crore in February as against Rs 85,962 crore in the year-ago month, the Finance Ministry said on Friday."The…

New Delhi, Jan 1 (IANS) Revenue collection under the Goods and Services Tax (GST) fell for the second straight month to Rs. 94,726 crore in December from Rs. 97,637 crore collected in November despite a rise in the number of tax returns…