Finance Ministry

"Video KYC is blocked for IP (Internet Protocol) addresses outside India. we are seeing how to mitigate risks & open it up," said a Finmin official

India has extended the anti-dumping duty imposed on certain Chinese tubes and pipes till January 27, 2027 to guard domestic makers from cheap inbound shipments, according to a finance ministry notification. The duty on 'seamless tubes, pipes and hollow profiles of iron, alloy or non-alloy steel' was first imposed on October 28, 2021 for five years. Amending a notification, the Central Board of Indirect Taxes and Customs (CBIC) has said it extends "the levy of anti-dumping duty... up to and inclusive of 27th January, 2027 unless revoked, superseded or amended earlier". The existing duty ranges between USD 961.33 and USD 1,610.67 per tonne. The CBIC has also announced continuation of an anti-dumping duty on imports of 'Normal Butanol' or 'N-Butyl Alcohol' exported from Malaysia, South Africa, and the United States of America for five years. It is used in different sectors such as chemicals, paints, adhesives, and coatings. Anti-dumping measures are taken to ensure fair trade and pr

A single can influence vegetable prices, inflation, rural incomes, corporate earnings and even the RBI's interest-rate decisions. In this video,

The finance ministry said over 140,000 guarantees worth more than Rs 1.55 trillion have been issued under ECLGS 5.0, with MSMEs accounting for the overwhelming majority of beneficiaries

Finance Minister Nirmala Sitharaman urged the Indian toy industry to target a quarter of the global toy market, citing government support and quality measures to boost manufacturing and exports

The Emergency Credit Line Guarantee Scheme (ECLGS) 5.0 has crossed 4.11 lakh guarantees to businesses affected by the West Asia geopolitical situation, with the guaranteed amount reaching over Rs 1.55 lakh crore, the finance ministry said on Tuesday. The scheme has benefited India's small businesses with 98 per cent of the total number of guarantees and 82 per cent of the total guaranteed amount going to MSMEs. "Since launch, 4,11,497 guarantees have been issued under ECLGS 5.0, with the guaranteed amount reaching Rs 1,55,229 crore - a sign of the scheme's rapid absorption across the lending ecosystem," the ministry said in a statement. The ECLGS 5.0 was approved by the Union Cabinet on May 5, 2026. The scheme aims to infuse additional credit of Rs 2.55 lakh crore to existing borrowers to tide over the liquidity challenges arising due to the West Asia crisis. As the scheme evolves and outreach expands, it is expected to further strengthen liquidity support for businesses, including

The report said the cessation of the conflict in West Asia had also brightened the growth outlook and reduced external deficit risks

The finance ministry on Tuesday said advanced technologies like AI and data analytics are being used in GST registration and scrutiny to identify possible tax evasions, while easing regulatory requirements for compliant taxpayers. The number of taxpayers registered under Goods and Services Tax (GST) has increased from 66.5 lakh in 2017 to 1.65 crore as of May 2026, reflecting greater formalisation of the economy, according to the ministry. Also, gross GST collection, which stood at around Rs 7.4 lakh crore in 2017-18, has increased steadily over the years. In the last five years, collections rose from Rs 13.76 lakh crore in 2021-22 to Rs 22.27 lakh crore in 2025-26. In April-May this fiscal, GST collections have reached Rs 4.37 lakh crore. Introduced on July 1, 2017, GST replaced a complex system of 17 central and state taxes and 13 cesses with a unified indirect tax framework. The reform, rolled out after years of negotiations between the Centre and states, was aimed at creating a

India's inflation likely to remain contained in coming months, says FinMin

The Centre has retained interest rates on all small savings schemes for the July-September quarter, extending the status quo for the 10th consecutive quarter despite policy rate cuts

Extension follows representations over technical issues on the GSTAT portal and a sharp increase in appeal filings as the new appellate mechanism becomes operational

The extension, prompted by supply-chain disruptions arising from the West Asia conflict, will continue to provide relief to industries dependent on critical petrochemical imports

The interest rate on the Public Provident Fund (PPF) has been retained at 7.1 per cent, while post office savings deposits will continue to earn 4 per cent

Under ISM 1.0, the government approved 10 major projects with cumulative investments of roughly ₹1.60 trillion across six Indian states as of December 31, 2025

The Centre's total commitment to the sovereign-anchored fund will rise to Rs 60,000 crore, supporting a new infrastructure fund and attracting global investors

The exemption covers specified goods imported for nuclear power generation under designated customs tariff categories

The government has approved the extension of the Credit Guarantee Scheme for Microfinance Institutions - 2.0 and a hike in the maximum loan limit to Rs 1,000 crore. As of date, loans totalling Rs 770 crore have been sanctioned under the scheme, the Finance Ministry said in a statement. The CGSMFI-2.0 scheme was introduced on March 20, 2026, and aims to provide guarantee cover to Banks/ FIs through National Credit Guarantee Trustee Company Limited (NCGTC) against expected losses on the financial assistance extended by them to NBFC-MFIs and MFIs for on-lending to small borrowers. The scheme was valid till June 30, 2026 or loans up to Rs 20,000 crore are guaranteed, whichever is earlier. "The Government of India has approved extension in validity of the Credit Guarantee Scheme for Microfinance Institutions-2.0 (CGSMFI-2.0) up to August 31, 2026, or till guarantees for an amount of Rs 20,000 crore are issued, whichever is earlier," the ministry said. The government has also approved a

The Department of Investment and Public Asset Management, which is under the Finance Ministry, aims to launch the process this month or in July

With GSTAT benches becoming operational, industry bodies have urged the government to fast-track large disputes and extend the June 30 deadline for filing appeals

Expenditure by 50 ministries and departments came in below revised estimates, helping the Centre contain the fiscal deficit despite lower-than-projected receipts