Centre defers import curbs on laptops, PCs till Nov 1
In a notification, issued late Friday night, the Directorate General of Foreign Trade (DGFT) announced that the restriction on import of certain category of laptops and computers will come into effect from November 1 onwards. Post November 1, no entity will be allowed to import laptops, computers, and related items without a license.
Govt engaging with Vedanta to facilitate its residual stake sale in BALCO
Sources aware of the development said that the Mines Ministry is said to have requested the Department of Investment and Public Asset Management (DIPAM) to engage with Vedanta to withdraw the arbitration case, as the government plans to take the initial public offer (IPO) route to sell a part of its 49 per cent stake in BALCO.
Government received Rs 1,70,501 crore in April as revenue
Non-debt capital receipts consists of recovery of loans of Rs 592 crore and miscellaneous capital receipts of Rs 9 crore. An amount of Rs 59,140 crore has been transferred to state governments as devolution of share of taxes by the Central government upto this period, which is Rs 11,548 crore higher than the previous year.
Govt exploring possibilities of investing in lithium mines in Argentina, Australia
According to top sources, the joint venture company of union mines ministry, Khanij Bidesh India Limited (KABIL), which consists of National Aluminium Company Ltd. (NALCO), Hindustan Copper Ltd. (HCL) and Mineral Exploration and Consultancy Ltd, is exploring opportunities for investment in lithium mines in Argentina and Australia.
Govt removes windfall tax on crude oil production, cuts for diesel
The windfall tax on diesel has been slashed to Rs 0.5 per litre from Rs 1 per litre earlier.There is no windfall tax on petroleum and jet fuel or aviation turbine fuel (ATF).Windfall tax is levied by government on unexpectedly high profits earned by companies.
Central govt's total gross liabilities increase marginally by 2.6% in Q3 FY 2022-23
According to the quarterly report released by the Department of Economic Affairs, this represented a quarter-on-quarter increase of 2.6 per cent in Q3 FY2022-23. Public debt accounted for 89.0 per cent of total gross liabilities at end-December 2022 in contrast to 89.1 per cent at end- September. Nearly 28.29 per cent of the outstanding.
Government received Rs 20.39L cr till Feb, spent Rs 34.93L cr
Meanwhile, total expenditure incurred by the government stood at Rs 34,93,590 crore, out of which Rs 29,03,363 crore was on revenue account and Rs 5,90,227 crore on capital account. Out of the total revenue expenditure, Rs 7,98,957 crore was on account of interest payments and Rs 4,59,547 crore was on account of major subsidies.
Government hikes interest rate of small saving schemes, maximum in Sukanya Samridhi Yojana
However, savings deposit interest rates and PPF interest rates have been kept unchanged at 4 per cent and 7.1 per cent respectively. The interest rate of Sukanya Samriddhi Yojana has been significantly hiked to 8 per cent from the existing 7.6 per cent, while interest rate of NSC has been hiked from the existing 7 per cent to 7.7 per cent.