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Finance ministry expects rural demand to recover as inflation softens

Rural demand in India, which was buffeted by the Covid-19 pandemic and then by high global inflation, is set to recover as prices come down and the southwest monsoon proves supportive to the sowing season, the finance ministry said in its latest monthly economic report (MER). “Kharif sowing supported by the …

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No move to levy charges on UPI services: Finance ministry

NEW DELHI: There is no move in the government to levy any charges on UPI (Unified Payments Interface) transactions, the finance ministry said on Sunday. It asserted concerns of service providers for cost recovery have to be met through other means. “UPI is a digital public good with immense convenience for the public and productivity …

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No plans to levy charges on UPI transactions, says Finance Ministry

The Centre on Sunday said there are no plans to levy charges for making payments through Unified Payments Interface (UPI) while saying the service is a “digital public good with immense convenience”. The Ministry of Finance on Sunday said the concerns of service providers for cost recovery have to be met …

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Centre reinstates Shah Faesal as Deputy Secretary in Tourism Ministry

The Central government has reinstated controversial IAS officer Shah Faesal and appointed him as Deputy Secretary in the Tourism Ministry. The Department of Personnel and Training (DoPT) in its order issued two days ago appointed Faesal in the Union Tourism Ministry, a senior DoPT official told ANI. The Centre’s move …

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No GST on residential unit if rented out for personal use: Finance ministry

NEW DELHI: Residential properties if rented out to private persons for personal use will not attract Goods and Services Tax, and no GST will be charged on food items sold loose, a finance ministry official said. A section of media misreported that house rent paid by tenants will attract an 18% GST, which is factually …

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