Thursday, February 9, 2023
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Finance Ministry

RBI hikes repo rate by 25 basis points to 6.5%

The Monetary Policy Committee (MPC) of RBI by a majority decided to raise the policy repo rate by 25 basis points & keep a 'strong vigil' on inflation outlook

Commerce Ministry recommends imposing anti-dumping duty on vinyl tiles from China, Taiwan

Commerce Ministry has the recommended imposition of anti-dumping duty on vinyl tiles coming from China & Taiwan for five years

Finmin asks banks to increase credit penetration in 112 aspirational districts

Finmin asked banks to increase credit penetration in aspirational districts & ensure availability of banking outlet within five kms of all inhabited villages

DFS Secretary holds review meeting with PSB heads

Vivek Joshi, Secretary, DFS, Ministry of Finance, chaired a full day review meeting with heads of PSBs and financial institutions on Thursday

Finance Ministry to organise meeting with heads of public sector banks on Jan 19

Finance ministry has called a meeting for heads of public sector banks & financial institutions to review the progress of various social sector schemes

Global economic developments to complicate outlook for Indian economy: Finmin report

Global economic developments are expected to complicate the outlook further for the Indian economy next year, said the report by Finance Ministry

Widen tax base, do away with cess and surcharges: Experts

Widening of tax base, doing away with cess and surcharge, improvement in compliance & moderation in tax were some suggestions given to FM

Net direct tax collection grows by 24% to Rs 8.77 lakh cr: Finance Ministry

The net direct tax collection grew by 24 percent to Rs 8.77 lakh crore in the April-November period of the current fiscal, said the Finance Ministry

Govt defers sale of AAI’s residual stakes in 4 joint venture airports

The Finance Ministry has decided to defer the sale of AAI's residual stakes in four private joint venture airports as the valuations could be lower now

Centre releases Rs 17k cr GST compensation to states: Finance Ministry

The Central government has released Rs 17,000 crore to states towards balance GST compensation, said the finance ministry

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