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Finance Ministry

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Import duty hike: Fridges, ACs, diamonds, etc. to cost more
Business

Import duty hike: Fridges, ACs, diamonds, etc. to cost more

On Wednesday, the government hiked import duties on 19 categories of "non-essential items" ranging from refrigerators and washing machines to luxury items like diamonds.
Small savings rate hiked by Modi government: Details here
Business

Small savings rate hiked by Modi government: Details here

On Thursday, the Modi government announced new interest rates for small savings schemes, including the National Savings Certificate (NSC), and the Public Provident Fund (PPF).
Govt hikes interest rate on small savings by upto 0.4%
Business

Govt hikes interest rate on small savings by upto 0.4%

The government has raised interest rates on small savings schemes, including NSC and PPF, by up to 0.4% for the third quarter of the financial year 2018-19, starting October 1 and ending on December 31, 2018, in line with rising deposit rates in the banks.
Are banks closed for 6 days in September? Know here
India

Are banks closed for 6 days in September? Know here

Dismissing rumors, the government today said bank branches would remain open next week and there was no need for panic.
#FinancialBytes: What happens if you miss tomorrow's ITR filing deadline
Business

#FinancialBytes: What happens if you miss tomorrow's ITR filing deadline

The new Income tax filing deadline, ie. August 31, is just a day away. Earlier, the due date was July 31, which was later extended by a period of one month.
#PolicyExplainer: Get upto Rs. 60,000/year post-retirement with Atal Pension Yojana
India

#PolicyExplainer: Get upto Rs. 60,000/year post-retirement with Atal Pension Yojana

India is a "young" country with youth accounting for over 50% of the population. But once this young population starts aging, India may face a critical challenge because of an "unpensioned society" as over 90% of Indians aren't covered under any pension scheme.
Series of reforms by Modi govt transformed economy: Arun Jaitley
India

Series of reforms by Modi govt transformed economy: Arun Jaitley

Finance Minister Arun Jaitley has cited IMF reports to highlight how the Narendra Modi-led government through a series of reforms has transformed the "weak economy" it inherited from UPA government.
Arun Jaitley back as Finance Minister, after 3-month break
Politics

Arun Jaitley back as Finance Minister, after 3-month break

After a three-month-long hiatus following a successful kidney transplant at the All India Institute of Medical Sciences (AIIMS), Arun Jaitley is finally ready to to take up the reins as the Finance and Corporate Affairs minister again.
#FinancialBytes: How to pay your taxes online and offline
Business

#FinancialBytes: How to pay your taxes online and offline

In a given financial year, your income is taxable in three ways, namely- 1) Tax deducted at source, 2) Advance tax payments, and 3) Self-assessment taxes (before filing ITR).

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