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The Ministry of Finance (IAST: Vitta Maṃtrālaya) is a ministry within the Government of India concerned with the economy of India, serving as the Treasury of India.In particular, it concerns itself with taxation, financial legislation, financial institutions, capital markets, currency regulation, banking service, centre and state finances, and the Union Budget.
The Public Provident Fund (PPF) is a voluntary savings-tax-reduction social security instrument in India, [1] introduced by the National Savings Institute of the Ministry of Finance in 1968. The scheme's main objective is to mobilize small savings for social security during uncertain times by offering an investment with reasonable returns ...
Amin Liew Abdullah (Minister of Finance II) 30 January 2018 Bulgaria: List: Rosita VelkovaRositsa Velkova-Zheleva: 2 August 2022 [1] Burkina Faso: List: Lassané Kaboré: People's Movement for Progress: 2019 Burundi: List: Audace Niyonzima: National Council for the Defense of Democracy: 2022 [2] Cambodia: List: Aun Pornmoniroth: People's Party ...
The ministry is responsible for formulating and implementing national policy on provincial councils and Local Government and other subjects which come under its purview. [3] The current Minister of Provincial Councils and Local Government is Dinesh Gunawardena. [4] The ministry's secretary is H. T. Kamal Pathmasiri. [5]
During the Budget 2022–23, reports emerged that New Tax Regime was getting poor response [3] and Government is considering to make it more attractive among the taxpayers. [ 4 ] The latest changes were presented in the Union Budget 2023-24 which brought five significant changes in the earlier existing (FY 2022–23) income tax policy.
To act as the administrative head of the Ministry of Finance. The responsibility in this regard is complete and undivided. [11] To act as the chief adviser to the Finance Minister on all aspects of policy and administrative affairs. [11] To represent the Ministry of Finance before the Public Accounts Committee of the Parliament of India. [11]
The 2022 Union Budget of India was presented by the Minister of Finance Nirmala Sitharaman on 1 February 2022, as her fourth budget. This is the third budget of Narendra Modi-led NDA government's second term. The Economic Survey for 2021–2022 was released on 31 January 2022, a day before the budget. [2]
The Ministry of Finance is a ministry of the Government of Maharashtra. It is responsible for preparing annual plans for the development of Maharashtra state. [1] [2] The Ministry is headed by a Cabinet level Minister. Ajit Pawar is current Deputy Chief Minister of Maharashtra and Minister of Finance.