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Finance Ministry asks state-owned banks to submit fund-raising roadmap in a month

The government had last month unveiled a whopping Rs 2.11 lakh crore two-year programme to strengthen the NPA-hit public sector banks (PSBs), which includes recapitalisation bonds, budgetary support..
IndiaTimes Also reported by •Firstpost

Yashwant Sinha, Shatrughan Sinha should resign: BJP leader

Telangana BJP spokesperson Krishna Saagar Rao today said Yashwant Sinha and Shatrughan Sinha should resign from the party if they have "problems" on governance and are not finding enough opportunities..
Deccan Herald

Videos for "Finance Ministry"

News video: Ministry Of Finance Falls Asleep At The Keyboard

Ministry Of Finance Falls Asleep At The Keyboard 00:52

It seems the mighty Finance Ministry is slipping up on more than a slowing economy. Twitter was perplexed and bemused with a couple of tweets from the official handle that were the perfect Covfefe..

News video: European Commission Hits Amazon With Fine for Tax Avoidance

European Commission Hits Amazon With Fine for Tax Avoidance 01:04

The European Commission says the e-commerce giant didn't pay its fair share in taxes, and now it wants Amazon to pay $294 million.
Source: Newsy Studio -

News video: BlackRock Says Merkel May Keep Finance Ministry Open

BlackRock Says Merkel May Keep Finance Ministry Open 03:33

Sep.28 -- Martin Lueck, chief investment strategist at BlackRock, discusses Wolfgang Schaeuble stepping down as Germany's finance minister to become the head of the lower house of parliament and who is..
Source: Bloomberg Global Business -

News video: Catalan police will not accept state rule

Catalan police will not accept state rule 01:28

The mounting political crisis in Spain over Catalonia’s campaign for independence intensified on Saturday with a new row over the control of the local police force as the regional government pressed..
Source: Euronews English -

News video: Spanish government and Catalonia clash over control of regional police

Spanish government and Catalonia clash over control of regional police 01:39

Spain’s central government and Catalan authorities clashed on Saturday over who controls the regional police force seen as key to the success of a planned Oct. 1 independence vote. The State..
Source: euronews (in English) -


Govt seeks up to 100% dividend from 12 public sector firms as fears of tax revenue shortfall loom

The demand has been made following a finance ministry assessment on 25 October of the financial health of 14 state companies, including top miner NMDC Ltd and trading firm MMTC Ltd

Govt seeks hefty dividends from PSUs

The Centre is demanding millions of dollars in dividends from 12 reluctant state companies to make up for an expected tax revenue shortfall this fiscal year, as a slump in economic growth risks New..
Deccan Herald

More trauma centres to reduce road accident fatalities

In an effort to reduce the number deaths due to road accidents, the Union health ministry plans to create 30 additional trauma centres close to the national and states highways at a cost of more than..
Deccan Herald

Not to pursue Islamic banking in India, says RBI

In a major move, the Reserve Bank of India (RBI) has decided not to pursue a proposal for introduction of Islamic banking in the country. Replying to an RTI query, the central bank said the decision..
Deccan Herald

Congress to push for one rate in GST: Chidambaram

The Congress party on Saturday lampooned the Finance Ministry for taking four months to see common sense and make sweeping changes to the Goods and Services Tax. Congress leaders said their demand..
Deccan Herald

Analysis: India plans lending reforms as bankers fear new bad debt crisis

NEW DELHI (Reuters) - Weeks after India unveiled a $32 billion bailout of state-run banks, top finance ministry officials and bankers will meet this weekend to discuss lending reforms designed to..
Reuters India

1,492 kg gold, 59 airports: Demonetisation kept CISF on toes

The highest instances of people trying to fly with gold in handbags was detected in Delhi in a year of demonetisation when the finance ministry had asked security agencies to keep a special watch on..

Few nations still have old notes, exchange unlikely

he government is yet to take a decision on substantial quantities of demonetised Indian currency floating around in countries like Nepal, Bhutan, Bangladesh and Zimbabwe, the finance ministry informed..

Parliament panel grills FinMin officials over impact of DeMO

A day after the political slugfest between the NDA and Opposition parties on the first anniversary of demonetization, a Parliamentary panel on Thursday saw a similar political divide as members grilled..

India signs loan agreement with World Bank for 119 million dollars for OHEPEE project

India has singed a loan agreement of 119 million dollar with World Bank for the Odisha higher education programme for excellence and equity project. Finance Ministry said in a statement yesterday that..
All India Radio

Improvement in tax-to-GDP ratio needs to stabilise

Exactly a year after Prime Minister Narendra Modi’s surgical strike on black money through the scrapping of high-value currency notes of Rs 500 and Rs 1,000, its economic gains are still elusive...

Centre extends SHe-box to private sector

Women working in the private sector can now lodge complaints of sexual harassment at the workplace through an online system created by the Women and Child Development (WCD) Ministry. The complaints,..
Deccan Herald

Revenue Secretary Hasmukh Adhia appointed as new Finance Secretary

There are five departments under the Finance Ministry - Expenditure, Economic Affairs, Financial Services, Revenue and Department of Investment and Public Asset management

Scrapping of high-value notes flushed out black money, eliminated fake notes, claims finance ministry

Detailing other benefits of demonetisation for the economy, the finance ministry said it has dealt a big blow to finances of terrorism and Left-wing extremism

Direct tax mop up rises 15% to Rs 4.39 lakh cr in Apr-Oct

The government has collected Rs 4.39 lakh crore in direct taxes, up 15.2 per cent year-on-year, during the first seven months of the current fiscal. The collection, which includes personal income..
Deccan Herald

Demonetisation helped in flushing out black money: Govt

demonetisation helped in flushing out black money: govt
The Finance Ministry has said, demonetisation has helped in flushing out black money, eliminating fake notes and reducing cash in circulation. In a tweet, the Ministry yesterday said, the total..
All India Radio

Trouble for Louis Hamilton? F1 Champion evaded paying tax on private jet; received £3.3 million VAT refund

 Formula One champion Lewis Hamilton avoided paying taxes on his private jet using an elaborate scheme now under investigation by British tax authorities, new leaked documents revealed. The driver..

Hamilton avoided taxes on 16.5 3 million pound private jet

Formula One champion Lewis Hamilton avoided paying taxes on his private jet using an elaborate scheme now under investigation by British tax authorities, new leaked documents revealed. The driver..
Deccan Herald

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