India’s economic growth in the current year is estimated to be 9.2 per cent, highest among all large economies. The overall, sharp rebound and recovery of the economy from the adverse effects of the pandemic is reflective of our country’s strong resilience. This was stated by Union Minister for Finance and Corporate Affairs Smt Nirmala Sitharaman while presenting the Union ...

Reforms serve as the tools which enable Odisha Government to meet organizational challenges creating opportunities to make the process of governance suitable for changing environment. Odisha with its pristine beauty and glorious culture has emerged as a leading state of the nation. The economy of Odisha which has been forced to be reduced to 4.92 percent in 2020 -2021 financial ...

Cyber financial frauds in banking primarily relate to frauds that have taken place on ATM/ debit cards, credit cards and internet banking platforms. This was stated by Union Minister of State for Finance Dr Bhagwat Kisanrao Karad in written reply to a question in Lok Sabha today. Giving more details, the Minister stated that as per RBI data on frauds ...

On account of huge accumulated debt of Air India, Government followed Enterprise Value (EV) bidding approach for strategic disinvestment of Air India and its identified subsidiaries/JVs (100% shareholding in AIXL and 50% shareholding in AISATS). This was stated by Union Minister of State for Finance Dr Bhagwat Kisanrao Karad in written reply to a question in Lok Sabha Given more ...

More than 3 crore Income Tax Returns have now been filed on the new e-Filing portal of the Income Tax Department as on 3rd December 2021. The number of ITRs filed per day is over 4 lakh and increasing everyday as the extended due date of 31st December 2021 is approaching. The Income Tax Department strongly urges all taxpayers to view their ...

The details of foreign investment reported through routes of Foreign Direct Investment (FDI) inflow and Foreign Portfolio Investment (FPI) inflows (net) during the last five financial years are as under:   S. No. Financial Year Total FDI Inflow (amount in US$ million) FPI inflows (net) (amount in US$ million) 1. 2016-17 60,220 7,735 2. 2017-18 60,974 22,165 3. 2018-19 62,001 ...

The gross GST revenue collected in the month of November 2021 is ₹ 1,31,526 crore of which CGST is ₹ 23,978 crore, SGST is ₹ 31,127 crore, IGST is ₹ 66,815 crore (including ₹ 32,165 crore collected on import of goods) and Cess is ₹ 9,606 crore (including ₹ 653 crore collected on import of goods). The government has settled ₹ 27,273 crore to CGST and ₹ 22,655 ...

The Government does not allocate funds under the Stand Up India Scheme as loans under this Scheme are extended by lending institutions as per their Board approved policy and extant guidelines. This was stated by Union Minister of Stat for Finance Dr Bhagwat Kisanrao Karad in a written reply to a question in Rajya Sabha today. However, the Minister stated, ...

As on 29.10.2021, 21.52 crore loans have been extended to women borrowers by Member Lending Institutions (MLIs) under the Pradhan Mantri Mudra Yojana (PMMY) since inception of the Scheme. This was stated by Union Minister of State for Finance Dr Bhagwat Kisanrao Karad in a written reply to a question in Rajya Sabha today. The Minister further stated that this ...

The Government of India and the Asian Development Bank (ADB) yesterday signed a $300 million loan to strengthen and improve access to comprehensive primary health care in urban areas of 13 states that will benefit over 256 million urban dwellers including 51 million from slum areas. Mr. Rajat Kumar Mishra, Additional Secretary, Department of Economic Affairs in the Ministry of Finance, ...