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"Sonia Gandhi Acted As Super PM": Finance Minister On "Rudderless" UPA
Mounting an all-out offensive against the Congress and the UPA government, Finance Minister Nirmala Sitharaman said on Friday that the previous regime was a "rudderless and leaderless" one and Sonia Gandhi acted as the "Super Prime Minister".
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Chandrababu Naidu's Aides Fled, They Will Complete Money Trail: CID Chief
The investigating agency chief denied he is acting on the diktat of Chief Minister Jagan Mohan Reddy, but suggested that a former finance secretary who had contradicted the CID's claims must have done so under pressure.
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Taliban Central Bank Chief Meets Chinese Envoy, Discusses Business
The Taliban's acting governor of the Afghan central bank met China's ambassador this week to discuss banking relations and business, the bank's spokesperson told Reuters on Friday.
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Existing UPI QR Codes Could Begin Processing Transactions in eRupee CBDC: RBI’s T Rabi Sankar
The RBI is considering if existing QR codes must act like a gateway for CBDC transactions. Currently, eRupee worth over Rs. 130 crore are in circulation as part of the going trials. The detail was revealed by Indian Finance Minister Nirmala Sitharaman earlier in March. By the end of June, India aims to onboard a million users to its CBDC ecosystem,...
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Centre Proposes Changes To Tax On Angel Investors In Unlisted Entities
The Income Tax Department on Friday proposed to exempt Sebi-registered FPIs, pension funds and SWFs from the purview of angel tax.
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Crypto Exchanges, Virtual Digital Asset Intermediaries Must Perform KYC of Clients: Finance Ministry
Crypto exchanges and firms dealing with virtual digital assets must perform KYC of their clients and users on the platform, under new rules notified by the Finance Ministry earlier this week. Entities dealing in virtual digital assets are now considered 'reporting entities' under the Prevention of money laundering Act (PMLA).
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Budget 2023: Overseas Holidays May Get Costlier, Hike In TCS Proposed
The Finance Bill, through the Budget 2023-24, amended Section 206C of the Income Tax Act levying a higher Tax Collected at Source (TCS) on overseas tour programme packages.
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Contractual Finance Ministry Employee Arrested For Espionage
Delhi Police's Crime Branch has arrested of a man for allegedly leaking sensitive information related to the finance ministry to foreign countries, officials said on Wednesday.
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Drugs Worth Rs 50 Crore Seized From Clandestine Labs In Hyderabad
DRI officers have seized about 25 kg of stimulant drug Mephedrone worth about Rs 50 crore from two clandestine manufacturing labs in Hyderabad, the Finance Ministry said on Monday.
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Centre Rules Out Making RBI Report On Inflation Breach Public
The said provisions of the RBI Act, 1934, and regulations therein do not provide for making the report public, Minister of State for Finance Pankaj Chaudhary said in a written reply.
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ED Freezes WazirX Funds Worth Rs 64-Cr for 'Assisting' in Money Laundering
The Directorate of Enforcement (ED) said it had conducted searches on the premises of one of the directors of crypto exchange WazirX, and has issued an order to freeze their bank balances over Rs 60 crore. The ED has been conducting Money Laundering investigation against a number of Indian non-banking finance companies (NBFCs) and their fintech par...
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ED Probing WazirX in 2 Cases, Transactions With Binance 'Cloaked in Mystery', Says MoS Finance
The Enforcement Directorate is investigating two cases related to cryptocurrency against WazirX under the provisions of Foreign Exchange Management Act, 1999 (FEMA), Minister of State for Finance Pankaj Chaudhary said on Tuesday. "...Further, it has been found that all crypto transactions between these two exchanges (WazirX and Binance) were not e...
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IT Department Notifies TDS Disclosure Requirements for Crypto, Virtual Digital Assets
The income tax department has announcement TDS disclosure requirements for cryptocurrency, virtual digital assets. From July 1, 1 percent TDS will be charged on payments towards virtual digital assets or cryptocurrencies beyond Rs 10,000 in a year.
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Crypto Mining Cost Not Allowed as Deduction Under I-T Act: Finance Ministry
Cost incurred in the mining of cryptocurrencies or any virtual digital assets (VDA) will not be allowed as deduction under the Income Tax Act, Minister of State for Finance Pankaj Chaudhary said on Monday.
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Crypto Mining Cost Not To Be Allowed As Deduction Under I-T Act: Finance Ministry
Infrastructure cost incurred in the mining of cryptocurrencies or any virtual digital assets will not be allowed as deduction under the Income Tax (I-T) Act, Minister of State for Finance Pankaj Chaudhary said on Monday.
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"Sonia Gandhi Acted As Super PM": Finance Minister On "Rudderless" UPA
Mounting an all-out offensive against the Congress and the UPA government, Finance Minister Nirmala Sitharaman said on Friday that the previous regime was a "rudderless and leaderless" one and Sonia Gandhi acted as the "Super Prime Minister".
-
Chandrababu Naidu's Aides Fled, They Will Complete Money Trail: CID Chief
The investigating agency chief denied he is acting on the diktat of Chief Minister Jagan Mohan Reddy, but suggested that a former finance secretary who had contradicted the CID's claims must have done so under pressure.
-
Taliban Central Bank Chief Meets Chinese Envoy, Discusses Business
The Taliban's acting governor of the Afghan central bank met China's ambassador this week to discuss banking relations and business, the bank's spokesperson told Reuters on Friday.
-
Existing UPI QR Codes Could Begin Processing Transactions in eRupee CBDC: RBI’s T Rabi Sankar
The RBI is considering if existing QR codes must act like a gateway for CBDC transactions. Currently, eRupee worth over Rs. 130 crore are in circulation as part of the going trials. The detail was revealed by Indian Finance Minister Nirmala Sitharaman earlier in March. By the end of June, India aims to onboard a million users to its CBDC ecosystem,...
-
Centre Proposes Changes To Tax On Angel Investors In Unlisted Entities
The Income Tax Department on Friday proposed to exempt Sebi-registered FPIs, pension funds and SWFs from the purview of angel tax.
-
Crypto Exchanges, Virtual Digital Asset Intermediaries Must Perform KYC of Clients: Finance Ministry
Crypto exchanges and firms dealing with virtual digital assets must perform KYC of their clients and users on the platform, under new rules notified by the Finance Ministry earlier this week. Entities dealing in virtual digital assets are now considered 'reporting entities' under the Prevention of money laundering Act (PMLA).
-
Budget 2023: Overseas Holidays May Get Costlier, Hike In TCS Proposed
The Finance Bill, through the Budget 2023-24, amended Section 206C of the Income Tax Act levying a higher Tax Collected at Source (TCS) on overseas tour programme packages.
-
Contractual Finance Ministry Employee Arrested For Espionage
Delhi Police's Crime Branch has arrested of a man for allegedly leaking sensitive information related to the finance ministry to foreign countries, officials said on Wednesday.
-
Drugs Worth Rs 50 Crore Seized From Clandestine Labs In Hyderabad
DRI officers have seized about 25 kg of stimulant drug Mephedrone worth about Rs 50 crore from two clandestine manufacturing labs in Hyderabad, the Finance Ministry said on Monday.
-
Centre Rules Out Making RBI Report On Inflation Breach Public
The said provisions of the RBI Act, 1934, and regulations therein do not provide for making the report public, Minister of State for Finance Pankaj Chaudhary said in a written reply.
-
ED Freezes WazirX Funds Worth Rs 64-Cr for 'Assisting' in Money Laundering
The Directorate of Enforcement (ED) said it had conducted searches on the premises of one of the directors of crypto exchange WazirX, and has issued an order to freeze their bank balances over Rs 60 crore. The ED has been conducting Money Laundering investigation against a number of Indian non-banking finance companies (NBFCs) and their fintech par...
-
ED Probing WazirX in 2 Cases, Transactions With Binance 'Cloaked in Mystery', Says MoS Finance
The Enforcement Directorate is investigating two cases related to cryptocurrency against WazirX under the provisions of Foreign Exchange Management Act, 1999 (FEMA), Minister of State for Finance Pankaj Chaudhary said on Tuesday. "...Further, it has been found that all crypto transactions between these two exchanges (WazirX and Binance) were not e...
-
IT Department Notifies TDS Disclosure Requirements for Crypto, Virtual Digital Assets
The income tax department has announcement TDS disclosure requirements for cryptocurrency, virtual digital assets. From July 1, 1 percent TDS will be charged on payments towards virtual digital assets or cryptocurrencies beyond Rs 10,000 in a year.
-
Crypto Mining Cost Not Allowed as Deduction Under I-T Act: Finance Ministry
Cost incurred in the mining of cryptocurrencies or any virtual digital assets (VDA) will not be allowed as deduction under the Income Tax Act, Minister of State for Finance Pankaj Chaudhary said on Monday.
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Crypto Mining Cost Not To Be Allowed As Deduction Under I-T Act: Finance Ministry
Infrastructure cost incurred in the mining of cryptocurrencies or any virtual digital assets will not be allowed as deduction under the Income Tax (I-T) Act, Minister of State for Finance Pankaj Chaudhary said on Monday.
