Ministry of Finance Archives

October 9, 2024 10:28 AM

Atal Pension Yojana enrollments cross 7 crore mark, over 56 lakh new subscribers added in FY 2024-25

Total enrollments under the Atal Pension Yojana (APY) have surpassed 7 crore, with over 56 lakh new enrollments recorded in the current financial year 2024-25, according to a statement from the Ministry of Finance. Launched on May 9, 2015, the Atal ...

September 28, 2024 5:35 PM

Finance Minister Sitharaman meets Bukhara Governor, says India has a lot to offer to Uzbekistan

Finance Minister Nirmala Sitharaman, currently on a five-day visit to Uzbekistan, met with Botir Zaripov, the Governor of Bukhara city, on Saturday. During the meeting, she emphasized the importance of strengthening tourism and people-to-people ties ...

May 11, 2024 5:20 PM

India’s forex reserves rise USD 3.7 billion in latest week

India's foreign exchange reserves witnessed a significant rebound, rising by $3.668 billion to $641.590 billion in the week ended May 3, according to data released by the Reserve Bank of India (RBI). This increase comes after three consecutive weeks ...

May 1, 2024 4:33 PM

GST collection for April 2024 highest ever at Rs 2.1 lakh crore

Gross Goods and Services Tax (GST) collections surged to a record high of Rs 2.10 lakh crore in the month of April, registering a 12.4 per cent year-on-year growth. The Ministry of Finance attributed the rise in GST collection to a robust uptick in ...

March 4, 2024 10:00 AM

FM Sitharaman to inaugurate conference of GST enforcement chiefs to tackle tax evasion & fake invoicing

Union Finance Minister Nirmala Sitharaman will be inaugurating the national conference of Goods and Services Tax enforcement chiefs in the national capital on Monday, the Ministry of Finance said in a press release. The one-day national conference wi...

February 10, 2024 12:55 PM

Understanding the Sovereign Gold Bond Scheme 2023-24 (Series IV)

The Ministry of Finance, in collaboration with the Reserve Bank of India (RBI), is set to launch the Sovereign Gold Bond Scheme 2023-24 (Series IV), which will be open for subscription from February 12th to February 16th, 2024. This scheme allows inv...

January 31, 2024 8:26 PM

Government cuts import duty on mobile phone components to 10%

The government has slashed the import duty by 5 percent on some parts used for manufacturing of mobile phones. According to a Finance Ministry notification, duty has been lowered on components such as battery cover, front cover, middle cover, main le...

January 30, 2024 9:24 AM

Indian economy poised for 7% growth in fiscal year 2024-25: Ministry of Finance

The Indian economy is set to achieve nearly 7% growth in the financial year 2024-25, according to a report released by the Ministry of Finance on Monday. The report attributes this positive outlook to the robust domestic demand that has propelled the...

October 19, 2023 4:12 PM

IMF relaxes forex reserve and revenue targets for Bangladesh

The International Monetary Fund (IMF) has relaxed several targets for Bangladesh. For the loan package of $4.70 billion, the IMF had set some targets for Bangladesh including foreign exchange reserves, revenue collection, and automatic price adjustme...