India’s improved monsoon performance, continued expansion in manufacturing, and vigorous capital expenditure spending by the public and private sectors augur well for macroeconomic stability and growth during FY24, the finance ministry said in a report. However, it cautioned that cross-border spillovers and adverse global developments can act anytime as a deterrent to achieving… Continue reading India’s improved monsoon performance, capex augur well: FinMin report
Tag: FinMin
Current law enough against GST evasion by offshore gaming platforms: FinMin
The GST Council on July 11 decided that online gaming is an actionable claim, like the lottery, on which a 28 per cent tax is to be levied. The finance ministry on Tuesday said there are sufficient enforcement provisions in GST laws to take action against offshore gaming platforms, which default in paying taxes.… Continue reading Current law enough against GST evasion by offshore gaming platforms: FinMin
77% of Rs 2,000 notes returned by users to banks as of June 30: FinMin
It said that the number of Rs 2,000 notes in circulation fell to 418 million in volume terms on June 30, from 1.77 billion on May 19. The value of these notes in circulation fell to Rs 84,000 crore on June 30 from Rs 3.56 trillion on May 19, the ministry added. On… Continue reading 77% of Rs 2,000 notes returned by users to banks as of June 30: FinMin