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New Delhi, Nov 12: The Finance Ministry has approved the allocation of Rs 39,097 crore under the Merchandise Exports from India Scheme (MEIS) for the exports...
The fund infusion would be for meeting regulatory capital requirements if the need arises in October-December quarter, sources said
Time taken in reconciliation of compensation receipts can't be termed as diversion of GST cess fund when the dues to states were fully released by the...
The Finance Minister said the government is trying to bring amendments in order to protect the interest of depositors who in the last two years have...
Six more states — Goa, Assam, Arunachal Pradesh, Nagaland, Mizoram and Himachal Pradesh — will be giving their choice in a day or two, said people...
The Finance Minister also said that 'Labour Codes' are being completely changed and will require the Parliament's approval.
With regard to the government's Rs 20 lakh crore economic package, the official source defended its structure while suggesting that comparisons with the economic packages of...
Of the 14 states, the maximum grant-in-aid for May has gone to Kerala that has been given an amount of 1,277 crore followed by Himachal Pradesh...
Fin Min sources said that neither IRS Association nor any group of officers mentioned in the said report were ever asked by the Government to give...
"The @FinMinIndia has issued orders to declare this period as 'on duty' and wages paid accordingly. (2/2) #IndiaFightsCorona," the minister said in a second tweet.
New Delhi, Jan 29 : Facing the financial crunch over Rs 50,000 crore outgo as pension to more than 15.5 lakh former railway employees, the railways...
Delhi: Growth may have slowed down, but there is no recession: Finance Minister in Rajya Sabha. India’s GDP growth was 6.4% at the end of 2009-14,...
Chennai, Nov 19 : Even as the government is mulling increasing the insurance cover for bank deposits, the All India Bank Employees’ Association (AIBEA) has demanded...
The government has recognised that consumption needs a boost, says Nirmala Sitharaman.
New Delhi, July 29 : Congress leader Kapil Sibal hit out at the Centre for “creating an oligopoly in the country”as 4-5 major players were will...
The Bill has proposed that if an application under the bankruptcy law is not admitted or rejected within 14 days by the adjudicating authority, it shall...
New Delhi, July 27 (IANS) Former Finance Secretary Subhash Chandra Garg’s tenure in finance ministry is believed to have been cut short by the RSS and...
New Delhi, July 1 RBI’s Economic Framework Panel will meet sometime in mid July to finalise and submit its report to the central bank, panel chairman...
New Delhi, June 24 (IANS) A parliamentary panel has asked Finance Ministry’s Revenue Department to take steps to unearth and bring to book unaccounted income, both...
New Delhi, June 22 Excess expenditure over and above the limit of one-third of the provisions in the vote-on-account by the Public Financial Management System (PFMS)...
In a late evening notification, the Union Finance Ministry said that the decision was taken in public interest.
New Delhi, June 10 (IANS) Withdrawing a cumulative Rs 10 lakh a year can attract 3-5 per cent tax if a proposal going around in the...
New Delhi, March 28 (IANS) The Finance Ministry is making a last-ditch effort to get close to the direct tax target of Rs 12 lakh crore,...
New Delhi, Feb 19 (IANS) The provident and pension fund trusts that invested in the IL&FS bonds now fear loss of money as the debt-ridden company’s...
Earlier, a Finance ministry official had said all the six banks were expected to come out of PCA over the next two quarters or by June.
New Delhi, Jan 23 : Railway Minister Piyush Goyal was on Wednesday given charge of Finance Ministry in the absence of Finance Minister Arun Jaitley who...
New Delhi, Nov 30: UIDAI CEO Ajay Bhushan Pandey took over as the Revenue Secretary in the Finance Ministry after Hasmukh Adhia retired on Friday. Pandey...
The major tussle between Reserve bank of India (RBI) and the Modi government includes the proposal of the Finance ministry that has asked the RBI to...
New Delhi, Oct 31: Amid spat between the RBI and the Narendra Modi government, the Finance Ministry Wednesday said that the autonomy for the central bank “is...
New Delhi, Oct 25 : India’s budgetary fiscal deficit for the April-September period at Rs 5.95 lakh crore accounted for 95.3 per cent of the full...
New Delhi, August 27 : The Supreme Court today issued a notice to messaging service provider WhatsApp as well as to IT and Finance ministry and sought...
New Delhi, July 22: The Finance Ministry has directed the Indian Railways to raise the capital from the market after the Railways sought around Rs 10,000 crore...
On the most important issue of the budget session i.e. the Finance Bill, there was no discussion for even a second. It has been the DNA...
New Delhi, Feb 26: The Finance Ministry on Monday released a list of around 9,500 Non-Banking Financial Companies (NBFCs), which have been categorised as high-risk financial institutions....
The tax buoyancies have been affected by the transition to the GST and the GST compensation to states will continue till 2022.
New Delhi, Dec 29: Amid of surge in the price of bitcoins across India and the globe, the Finance Ministry on Friday warned the consumers and investors...
New Delhi: The government will undertake additional market borrowing of Rs 50,000 crore in the remaining period of the current fiscal to meet expenditure, according to its...
New Delhi, Dec 16: A day after the finance ministry decided to increase the customs duty from 10 per cent to 15 per cent on mobile phone,...
New Delhi, Dec 7: The Union Health Ministry has written to the Finance Ministry seeking reduction in GST rates for medical products and services either to five...
New Delhi, Nov 27: The total revenue collected under GST fell by around 10 per cent to Rs 83,346 crore for the month of October from over...
New Delhi, Sep 28 : Finance Minister Arun Jaitley today said the government is finalising electoral bonds scheme, a move aimed at cleaning up political funding....
New Delhi, Sep 23: Chief Economic Advisor (CEA) Arvind Srubramanian, whose tenure was going to end in October, has been given an extension of one year, the...
New Delhi, Sep 22: The central government today asked taxpayers to confirm the identities of the income tax authorities who carry out search operations in case of...
New Delhi, Sep 22, 2017: The government has extended to October 31 the deadline for businesses to file transitional credit claims under the Goods and Services...
New Delhi, Sep 2, 2017: The government, on the recommendations of the Goods and Services Tax Council, has waived the penalty of Rs 200 per day...
New Delhi, Aug 31, 2017: Senior IAS officer Rajiv Mehrishi, who retired as Union Home Secretary on Wednesday, has been appointed as the new Comptroller and...
New Delhi, Aug 31: In the backdrop of the RBI’s report stating that 99 per cent of the demonetised cash had come back into the banking system,...
New Delhi, July 22, 2017: Finance Minister Arun Jaitley on Saturday said the government was actively working towards providing a system of clean political funding. “When...
New Delhi, July 13: Rebuffing reports that hostel fee charged by educational institutions will fall under 18 per cent slab of Goods and Services Tax (GST), the...
New Delhi, June 15, 2017: The Civil Aviation Ministry has asked the Finance Ministry to postpone the rollout of the Goods and Services Tax (GST) from...
New Delhi, June 8 : Union Finance Minister Arun Jaitley on Thursday thanked all political parties for their cooperation and contribution in making the launch of...
Mumbai, June 7 : The Reserve Bank of India’s Monetary Policy Committee had turned down the Finance Ministry’s invite for a discussion ahead of the panel’s...
New Delhi, May 24 : In a bid to further ease doing business in India, the Union cabinet on Wednesday abolished the over 25-year-old Foreign Investment Promotion...
New Delhi, May 23 : Finance Ministry said on Tuesday, Taxation on the entertainment sector shall come down in the the Goods and Services Tax (GST)...
New Delhi, May 5 : The government on Friday promulgated an ordinance empowering the RBI in a big way to deal with the crisis of huge bad...
April 20, New Delhi: The parliamentary Standing Committee has yet again summoned RBI Governor Urjit Patel on May 25 over demonetisation issue. In the last meeting that...
New Delhi, March 15: Finance Minister Arun Jaitley on Wednesday said that the bad loans of banks remain a challenge, with “very large” corporates at the...
New Delhi, March 10: Direct tax collections rose by 10.7 per cent to Rs 6.17 lakh crore while indirect tax collections jumped 22.2 per cent to...
New Delhi, March 9: While Tuesday’s explosion on a Bhopal-Ujjain passenger train has been suspected to be a terror attack and sabotage by anti-national terror outfits,...
New Delhi, Feb 23 In step with the government’s Digital India initiative, the Central Board of Excise and Customs (CBEC) on Thursday launched a Goods and...
New Delhi, January 31: Although Finance Minister Arun Jaitley is geared up to address this year’s budget speech tomorrow, a promise of pilot health cover scheme for...
New Delhi, Jan 31 : India’s Economic Survey for 2016-17 has pegged the country’s growth at between 6.75 per cent and 7.5 percent, while going by the...
Jan 28: In view of the “sufferings” of the common people resulting from demonetisation, former Union Finance Minister P. Chidambaram on Saturday suggested that the Centre should...
One of the main motives of demonetisation was to dig out counterfeit money and tackling terrorist financing. But in its submission to the Public Accounts Committee,...
New Delhi, Jan 16: The possibility of implementing the Goods and Services Tax (GST) by the Centre’s targeted deadline of April 1, 2017, has receded with...
Various employee unions of the central bank have objected to the government "impinging on RBI autonomy" and have written to Patel to take action against the...
New Delhi, Dec 28, 2016: The Law Ministry has turned down a proposal made by the Finance Ministry that a person investing in small savings schemes,...
New Delhi, Decmeber 15: Today is the last day to use your old Rs 500 notes for paying utility and hospital bills and purchasing cooking gas...
New Delhi, December 15: In the biggest overhaul to the tone of demonetisation drive, Finance Minister Arun Jaitley on Thursday said that digital transactions are parellel mechanism,...
New Delhi, Dec 5, 2016: The Income Tax department on Sunday has rejected two high-value declarations, one of Rs 13,680 by an Ahmedabad Businessman Mahesh Shah...
New Delhi, December 1: In a yet another face-off to clarify central government’s move to fight black money, the Central Board of Direct Taxes on Thursday...
New Delhi, Dec 1, 2016: In the wake to meet the demand of payday during December 1-7, Finance Ministry sources said the government is considering withdrawal...
Just fifty days of pain is what PM Modi has asked people to endure for this surprise movement of demonetization. But this limitation seems implausible as...
Prime Minister Narendra Modi reviewed the recently announced demonetization and its effects with senior ministers after midnight on Monday. The meeting was held at Prime Minister’s...
NEW DELHI: The finance ministry has come up with a latest offering to add a hole in your pocket. The ministry has asked several government departments...
New Delhi, Sep 16, 2016: In the wake to review quarterly performance of state-run banks, Finance Minister Arun Jaitley is going to look into it here on...
The Finance Ministry of India on Tuesday announced the much-anticipated capital infusion of Rs 22,915 crore towards the recapitalisation of 13 public sector banks during 2016-17,...
New Delhi, July 14 The tax authorities on Thursday clarified that those using the one-time compliance window under the black money declaration scheme cannot pay tax...
PM NARENDRA MODI TO EXPAND HIS CABINET WITH MAJOR CHANGES ON TUESDAY. It will be a second major ministerial reshuffle after Modi took over as the...
Bowing to persistent pressure from trade unions and political parties, the Centre on Friday increased the interest rate on employees provident fund (EPF) deposits to 8.8...
Upset with the stalled economic reforms and the losing of series of elections from Delhi to Bihar and local civic polls , Prime Minister Narendra Modi...
COVID-19 affects different people in different ways. Most infected people will develop mild to moderate illness and recover without hospitalization.
