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Tag: Ministry of Finance
IT conducts searches in Tamil Nadu, IT-SEZ developer spends Rs 160 cro...
29 NOV 2020 Delhi
The Income Tax Department conducted searches on 27/11/2020 in the case of an IT SEZ developer, its ex-Director and a prominent stainless-steel supplier in Chennai. The search operation was carried out at 16 premises located in Chennai, Mumbai, Hyderabad and Cuddalore.
The evidences unearthed include unaccounted assets worth a...
Loans worth more than Rs 1 Lakh crore disbursed under ECLGS
Delhi, 20 AUG 2020
Under the 100% Emergency Credit Line Guarantee Scheme (ECLGS) backed by a Government of India guarantee, Banks from Public & Private Sectors have sanctioned loans worth over Rs. 1.5 lakh crore as of 18th August, 2020, of which more than Rs 1 lakh crore has already been disbursed. The ECLGS was announced by the Government as ...
1.22 crore Kisan Credit Cards sanctioned with credit limit of Rs. 1,02...
Delhi, 20 AUG 2020
In an effort to buffer the agricultural sector from the shock of COVID-19, a special saturation drive is underway to provide concessional credit to farmers through Kisan Credit Card (KCC). As on 17.08.2020, 1.22 crore KCCs have been sanctioned with credit limit of Rs. 1,02,065 crore. This will go a long way in reviving the rural...
Faceless Assessment Scheme, 2019 – cases selected by data analyt...
Ahmedabad, 03 AUG 2020
Basic features :-
All such cases shall be selected through system using data analytics and artificial intelligence. It will have dynamic jurisdiction with automated random allocation of cases. In other words, the jurisdiction over such cases shall not vest with one particular officer but keep on changing as per th...
39 crore poor people received financial assistance of Rs 34,800 crore ...
https://youtu.be/VUiXQyNXiWE
Delhi, 06 MAY 2020
Using the digital payment infrastructure, around 39 crore poor people received financial assistance of Rs 34,800 crore under the Pradhan Mantri Garib Kalyan Package (PMGKP) as on 5th May,2020, announced by Union Finance Minister Smt Nirmala Sitharaman on 26th March,2020 to protect them from th...
No Extension of the Financial Year
Delhi, 30 MAR 2020
There is a fake new circulating in some section of media that the Financial Year has been extended. A notification issued by the Government of India on 30th March 2020 with respect to some other amendments done in the Indian Stamp Act is being misquoted. There is no extension of the Financial Year.
The Finance ministry said t...