Finance Ministry Archive

Electoral Bond Sale at authorised four branches of SBI from 1st March 2018

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Electoral Bond Sale at authorised four branches of SBI. First sale to start from 1st March 2018 for 10 days up to 10th March 2018.  The Government of India has notified the Electoral Bond Scheme 2018 vide Gazette Notification S.O. No.29 (E) dated 02nd January 2018. As per provisions of

 

Bill to ban Unregulated Deposit Schemes and Chit Funds Amendment Bill, 2018

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Bill to ban Unregulated Deposit Schemes and Chit Funds Amendment Bill, 2018.  Words “Fraternity Fund” to be used for chit business. Cabinet approves New Bill  In a major policy initiative to protect the savings of the investors, the Union Cabinet chaired by the Prime Minister Shri Narendra Modi has

 

No proposal to withdraw protection against attachment of PPF Account

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No proposal to withdraw protection against attachment of PPF Account under any decree or court order in respect of any debt/liability of depositors-Amendments in Small Savings Act. Yesterday, the Ministry of Finance by a press release denied the news circulated in print and social media that it aims to bring down

 

Economic Survey 2017-18 : GST data reveals 50 percent increase in number of Indirect Taxpayers

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GST data reveals 50 percent increase in number of Indirect Taxpayers as per Economic Survey 2017-18. Bird’s-Eye View of the Indian Economy through the GST Economic Survey 2017-18 has revelaed that Maharashtra, Gujarat, Karnataka, Tamil Nadu & Telangana account for 70% of India’s exports  India’s internal trade in goods

 

Economic Survey draws Attention to 10 New Economic Facts on Indian Economy

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Economic Survey 2017-18 draws Attention to 10 New Economic Facts on Indian Economy   The Economic Survey 201-18 has been presented by the Union Finance Minister Shri Arun Jaitley in Parliament today. The Finance Minister has relied upon analysis of the new data to highlight ten new economic facts as under: Goods and

 

Reporting of U S Tax Identification Numbers (TINs) for pre-existing accounts by Financial Institutions

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Reporting of U S Tax Identification Numbers (TINs) for pre-existing accounts by Financial Institutions  In USA, a Taxpayer Identification Number (TIN) is an identification number used by the Internal Revenue Service (IRS) in the administration of tax laws. It is issued either by the Social Security Administration (SSA) or

 

News on no free services by banks from 20th January is Fake-MoF

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News on no free services by banks from 20th January is fake-Finance Ministry According to news in circulation in social media, from 20th January, 2018 Banking Regulations are going to change resulting in discontinuance of various free services. The viral news  created a confusion in the public  The fake