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Saturday, Jun 14, 2025
The money that various government departments, grant-in-aid institutions, Boards, and self-financing institutions had drawn from the treasury and kept in banks for various expenses and as advance is to be returned
IGST, which is one of the three components of Goods and Services Tax or GST, is levied when there is an inter-state transfer of goods and services.
Those who have crossed 60 years and those who have retired from service after 55 years of age, are eligible to join the SCSS scheme. The maturity period is five years.
The finance minister also emphasised that the country offers "immense attraction" for domestic as well as foreign tourists.
Further, the government will set up National Financial Information Registry for facilitating the efficient flow of credit and fostering financial stability.
To spur a movement for environmentally conscious lifestyle, India is moving firmly for the panchamrit, the net zero carbon emission by 2070, usher in green industrial and economic transition. This budget builds on our focus on green growth," said Finance Minister Nirmala Sitharaman.
Presenting the Budget for 2023-24, Finance Minister Nirmala Sitharaman added that an expert committee will also be set up to make infrastructure classification and financing framework suitable for Amrit Kaal.
Finance Minister Nirmala Sitharaman added that 47.8 crore JanDhan accounts have been opened.
Finance Minister Nirmala Sitharaman made this announcement during her Budget speech in the Lok Sabha.
The budget for ‘23-24 comes at the end of a landmark financial year, when India is set to record the highest growth among the large economies of the world, including China.
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.jpg?w=315&h=164 "Finance Dept issues ultimatum to transfer amounts in banks to treasury")
