India’s crorepati taxpayers quadruple to 576 in five years
The number of Indians declaring an annual income of Rs 100 crore or more has jumped nearly four-fold in five years, from 142 in assessment year 2021-22 to 576 by 2025-26, the…
All posts tagged in Finance Ministry5- Page
65Articles
FM says high-level banking reforms panel to be announced soon
Finance Minister Nirmala Sitharaman on Monday said the government will soon announce a high-level committee on banking reforms, which she had proposed in the Budget for 2026-27. Speaking at the PSB Conclave…
Qatar-India UPI remittance service PosTransfer launched
India Post and Qatar Post have launched PosTransfer, a UPI-based remittance service allowing people in Qatar to send money directly to UPI-linked bank accounts in India. The service went live on August…
Banking reforms high-level panel to be set up this month: FM
Finance Minister Nirmala Sitharaman said the government will announce members of the high-level committee on banking reforms soon, with a senior ministry official adding the panel is likely to be formed this…
India opens FAST-DS 2026 window for small foreign asset holders
The government on 16 August opened the Foreign Assets of Small Taxpayers, Disclosure Scheme (FAST-DS) 2026, a one-time amnesty for undisclosed foreign assets and income. First announced in the Union Budget, the…
Govt discusses 50 bps cut in Kisan Credit Card interest subvention
The government is in preliminary discussions with banks to reduce the interest subvention on Kisan Credit Card (KCC) loans by 50 basis points, the Economic Times reports. The move is intended to…
Project Insight 2.0 set for 2028 launch to speed up tax refunds
The Finance Ministry plans to go live with Project Insight 2.0 from January 27, 2028, a mechanism that uses AI to separate genuine income tax filings from suspicious ones. The Ministry told…
FinMin nudges ministries to switch to PPI for contracts
The finance ministry has asked all ministries and departments to use the Producer Price Index (PPI) instead of the Wholesale Price Index (WPI) for price escalation clauses in future government contracts. The…
Finance Ministry sets 14-day route for insurance complaints
The Department of Financial Services under the Finance Ministry has issued guidelines for policyholders facing unfair claim rejections, delays, mis-selling or other service issues. Policyholders must first approach the insurer’s grievance redressal…
Petrol export duty cut to nil, diesel and ATF levies reduced
The Centre has cut the export duty on petrol to zero for August 15 to 31, while lowering the levy on diesel to Rs 24 per litre and on aviation turbine fuel…
