The provisional figures for indirect tax collections (GST & non-GST) for the FY 2020-21 show that net revenue collections are at Rs 10.71 lakh crore as compared to 9.54 lakh Crore for the Financial Year 2019-20, thereby registering a growth of 12.3%.
Commerce & Industry Minister Shri Piyush Goyal launched DGFT ‘Trade Facilitation’ Mobile Appduring the online video conference, for promoting ease of doing business and providing quick access to information to importers/exporters.
The Finance Minister urged World Bank to explore the possibility to sustain crisis response keeping in mind debt sustainability of vulnerable countries and financial sustainability of the WBG.
The provisional figures of Direct Tax collections for the Financial Year 2020-21 show that net collections are at Rs. 9.45 lakh crore.
The discussions at the meeting were based on IMF Managing Director’s Global Policy Agenda (GPA) titled, “Bolstering the Recovery, Countering Divergence”. The meeting was represented by 190 member countries of the IMF.
The amendments aim to ensure smooth and flawless compliance in the light of the technological advancement in the digital era by adopting electronic means as a primary mode of communication and working in the Copyright Office.
Shri Tarun Bajaj formally takes charge as the Secretary, Department of Revenue (DoR), Ministry of Finance, in New Delhi earlier today. Shri Bajaj held additional charge of DoR after superannuation of Dr A.B. Pandey on 28.02.2021.
Lending institutions shall disclose the aggregate amount to be refunded/adjusted in respect of their borrowers based on the above reliefs in their financial statements for the year ending March 31, 2021.
Projection of real GDP growth for 2021-22 is retained at 10.5 percent consisting of 26.2 per cent in Q1; 8.3 per cent in Q2; 5.4 per cent in Q3; and 6.2 per cent in Q4.
Measures on (i) liquidity management and support to targeted sectors; (ii) regulation and supervision; (iii) debt management; (iv) payment and settlement systems; (v) financial Inclusion; and (vi) external commercial borrowings.
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