Last Updated: October 31, 2026

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  • Tag: Finance Ministry

    Government Raises Petrol Export Duty to ₹2.5 per Litre, Cuts Diesel Duty to ₹8.5

    The government has increased the export duty on petrol from ₹0.50 to ₹2.50 per litre and reduced the duty on diesel from ₹16 to ₹8.50 per litre. Both changes took effect on October 16 as part of the regular review of petroleum export duties.

    Bengal Cabinet Expanded: CM Suvendu Retains Home, Swapan Dasgupta Gets Finance

    West Bengal Chief Minister Suvendu Adhikari on Wednesday allocated portfolios among his cabinet ministers, allocating the Finance Department to Swapan Dasgupta, Industry and Commerce to Tapas Roy, while keeping the key Home Ministry with himself.

    Government Asks DRTs to Clear Cases Faster

    In a bid to reduce pendency and accelerate disposal of cases, the government has urged debt recovery tribunals

    Economic outlook has become “more uncertain” due to developments in West Asia: Finance Ministry

    New Delhi: The economic outlook has become “more uncertain” in the wake of recent geopolitical developments in West Asia, which have “disrupted” key energy and logistics channels, according to the Monthly Economic Review for March 2026 released by the Department of Economic Affairs. It said, India’s economy remained “robust” until February 2026, supported by strong.

    UPI Becomes India’s Top Payment Mode, Surpassing Cash: Finance Ministry Study

    UPI has emerged as the most preferred mode of payment, accounting for 57 per cent of total payment transactions in India

    Centre Invites Feedback on New Income-Tax Rules and Forms

    The government is seeking inputs from various stakeholders on the rules and forms in the Income-tax Act, 2025.

    No directions to banks to close inactive PM Jan Dhan accounts: Finance Ministry

    New Delhi: The Finance Ministry on Tuesday stated that the Department of Financial Services has not asked banks to close inactive PM Jan Dhan Yojana accounts. The Finance Ministry stated in a release that DFS has launched a nationwide three-month campaign, starting from July 1, to deepen the adoption of Jan Dhan Yojana accounts, Jeevan.

    Relief to taxpayers as no double TDS deduction if PAN is inactive

    The relief is in regard to the TDS/TCS deduction.