finance ministry

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RBI deputy governor T Rabi Sankar appointed member of 16th Finance Commission

The 16th Finance Commission is a constitutional body to provide suggestions on centre-state financial relations.

RBI Deputy governor T Rabi Sankar will hold office from the date of assuming charge until the submission of the Commission's Report or October 31, 2025(X)
Published on Jun 07, 2025 04:49 PM IST
PTI |

Hyderabad luxury car dealer arrested in 25 crore customs duty evasion fraud

Basharat Khan, one of the biggest importers involved in this commercial fraud, alone imported 8 luxury cars involving evasion of more than ₹7 crore.

Over 30 luxury cars, including Rolls-Royce, Lexus (in frame), Hummer EV, were imported to India with customs duty evasion. (File Image)
Updated on May 16, 2025 11:56 AM IST

Arvind Shrivastava takes charge as revenue secretary of India

Shrivastava is a civil engineer by education and has done post-graduation in economics from Mysore and finance from University of London.

Arvind Shrivastava after taking charge as India’s next revenue secretary. (Finance Ministry)
Updated on May 01, 2025 03:01 PM IST
ByRajeev Jayaswal

CBIC issues new instructions to reduce compliance burden for GST registration

The government also refuted reports in a section of the media that it is considering levy of GST on Unified Payment Interface (UPI) transactions above ₹2,000

FILE PHOTO: A commuter walks past the building of India's Ministry of Finance during dusk in New Delhi (REUTERS)
Published on Apr 18, 2025 09:38 PM IST
ByRajeev Jayaswal

Central government raises excise duty on petrol and diesel by 2 per litre

The excise duty on petrol was increased to ₹13 per litre and that on diesel to ₹10, as per the department of revenue's order.

The excise duty of petrol and diesel has increased by <span class='webrupee'>₹</span>2 per litre (HT_PRINT)
Updated on Apr 07, 2025 06:05 PM IST
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