"Finance Ministry"
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Ex-RBI Governor Makes Shocking Claim, Says Pranab Mukherjee, P Chidambaram Pressured RBI To Present Rosy Picture Of EconomyFormer RBI Governor Duvvuri Subbarao claimed that the finance ministry under Pranab Mukherjee and P Chidambaram used to pressure the RBI to soften interest rates.Zee News - Published | |
From PPF, KVP To Sukanya Samriddhi And More: Check Interest Rates Of 11 Post Office Savings Scheme For April-June 2024Interest rates of these small savings scheme will remain unchanged for the first quarter of the next fiscal, beginning April 1, 2024, a notification issued by the finance ministry has said.Zee News - Published | |
Will there be ban on petrol and diesel vehicles? Here's what Nitin Gadkari saidThe proposal to reduce GST on hybrid vehicles to five per cent and to 12 per cent for flex engines has been sent to the Finance ministry which is considering the requisition, Gadkari saidDNA - Published | |
No new change in income tax regime from April 1: FinMinThe finance ministry on Monday said there is no change in the new income tax regime for individuals for the current fiscal year and individual taxpayers can opt out of the regime at the time of filing..IndiaTimes - Published | |
New Change To Income Tax Rules, Slabs From 01 April 2024? Finance Ministry Rebuts ClaimsIn an explanatory tweet, finance ministry has said that some misleading information related to new tax regime is being spread on some social media platforms.Zee News - Published | |
First Edition of Build India Infra Awards Showcases India to the WorldBuild India Awards given by Union Minister, Mr. Nitin Gadkari provided a spotlight on the remarkable endeavours in India's infrastructure landscape. Award. The 1^st edition of the award saw not only..NewsVoir - Published | |
Hon'ble Union Minister of Finance, Smt. Nirmala Sitharaman, was Presented with Two Valuable Books by Shri S. Ramann CMD, SIDBIThe Hon'ble Union Minister of Finance, Smt. Nirmala Sitharaman, heralded for her unwavering commitment to fostering economic growth and stability, was presented with two insightful books by, Shri..NewsVoir - Published | |
PPF, Senior Citizen Savings Scheme, Sukanya Samriddhi, Other Small Savings Schemes Interest Rates Unchanged For April-June QuarterInterest rates of these small savings scheme will remain unchanged for the first quarter of the next fiscal, beginning April 1, 2024, a notification issued by the finance ministry has said.Zee News - Published | |
GST collection surges 12.5% to nearly Rs 1.7 lakh crore in FebruaryGross GST revenue rose by 12.5% year-on year to Rs 1.68 lakh crore in Feb, sustaining the strong momentum in the receipts as growth remains robust. Average monthly gross GST collection for 2023-24 is..IndiaTimes - Published | |
Paytm Payments Bank Fined Rs 5.49 Crore For Money Laundering, Penalised By Finance MinistryThe FIU issued its order imposing the penalty on February 15.Zee News - Published | |
Finmin, RBI to look at ownership change in fintech cos for complianceThe finance ministry and RBI will focus on ownership change of listed fintech companies to ensure regulatory compliance. Virtual meetings, workshops, and simplified processes will support the growth of..IndiaTimes - Published | |
Govt Plans To Simplify, Digitalise KYC ProcessPrescribing uniform KYC norms and inter-usability of KYC records across the financial sector are on the anvil, as per Finance Ministry statement.Zee News - Published | |
Food inflation to moderate in months ahead: Finance ministry reportRetail inflation has eased to a three-month low of 5.1% in Jan due to a moderation in food and core inflation (minus food and fuel). The report said prospects of healthy rabi harvesting, sustained..IndiaTimes - Published | Norway PM expects deal on Israel-Palestine tax fund transferThe release of tax funds allocated for the Palestinian Authority (PA) and currently frozen by Israel is anticipated to take place soon, as indicated by Norwegian Prime Minister Jonas Gahr Stoere...IndiaTimes - Published |
Budget 2024: Nirmala Sitharaman Arrives In Blue Kantha Stitch Saree, To Present Interim Budget SoonNirmala Sitharaman will table the interim budget on February 1, 2024, as the Lok Sabha polls are due to be held later this year. Ahead of the Budget presentation, Sitharaman - who's known for her..Zee News - Published | Budget 2024: Finance Ministry bullish on 7 percent plus growth but...Although the Indian economy is expected to grow above 7% driven by strong domestic demand and economic reforms, geopolitical risks such as the fallout of Israel-Hamas war pose a risk.DNA - Published |
Govt, RBI measures have kept inflation in 2-6% range: Finance ministerThe Indian economy remains resilient amid global challenges due to robust domestic demand, investment-led strategies, and macro-economic stability, according to a review by the finance ministry...IndiaTimes - Published | India To Become 3rd Largest Economy With GDP Of USD 5 Trillion In 3 years: Finance MinistryTen years ago, India was the 10th largest economy in the world, with a GDP of USD 1.9 trillion at current market prices.Zee News - Published |
HDFC And Axis Bank Closed On January 22 For Ayodhya Ram Temple EventThe finance ministry issued an order, stating that public sector banks, insurance companies, financial institutions, and regional rural banks will also remain closed for a half-day on January 22 in..Zee News - Published | Banks Closed Or Open On January 22 - Monday? Finance Ministry Says ThisThere has been a suspense over whether the banks will be open or closed on January 22 which is Monday.Zee News - Published |
Interim Budget 2024: Gold Linked Credit Line Via UPI Can Monetise Idle Gold Jewellery, Says Muthoot Finance MDMuthoot Finance MD Alexander Muthoot in his pre-budget expectations from the finance ministry said that gold linked credit line via UPI will be ideal for common man.Zee News - Published | Russian rouble climbs to multi-week high versus dollarThe Russian rouble climbed to a more than seven-week high against the dollar on Friday, boosted by the state's new foreign currency interventions plan and higher oil prices after Western strikes..IndiaTimes - Published |
Govt holds back $600 million strategic oil reserve top-upIndia's finance ministry cancels plan to top up strategic crude oil reserves due to market volatility and potential further decline in prices. Instead, the ministry is considering leasing out empty..IndiaTimes - Published | Budget 2024: Government may extend FAME II incentive scheme for manufacturing electric vehiclesAccording to ET, because the finance ministry hasn't approved FAME III, there's a suggestion to extend the current edition until a new framework is in place. If accepted, this extension would..IndiaTimes - Published |
Union Budget 2024 fiscal deficit target: Will FM Sitharaman prioritise fiscal responsibility once again?India's finance ministry targets reducing the fiscal deficit to 4.5 percent by FY26. Analysts anticipate Sitharaman to uphold the government's focus on infrastructure spending in the Interim Budget..IndiaTimes - Published | 29,273 bogus firms involved in suspected GST ITC evasion, 121 arrested: Finance ministryIndiaTimes - Published |
Govt Relaxes Norms Governing Public Expenditure Exceeding Rs 500 Cr For Q4According to the finance ministry, capital expenditure by central public sector enterprises touched about 52 per cent of the Budget target at Rs 3.79 lakh crore in the first half of the current fiscal.Zee News - Published | GST kitty grows 10% in December on strong domestic sourcesGoods and services tax (GST) collections rose 10.3% to Rs 1,64,882 crore during December, driven by domestic sources, while the rise in mop-up from imported goods lagged. Latest data released by the..IndiaTimes - Published |
Record 8.18 Crore ITRs Filed For Assessment Year 2023-2024 Till Dec 31: Finance MinistryThe Ministry of Finance also today said that a large number of taxpayers did their due diligence by comparing data of their financial transactions by viewing their Annual Information Statement (AIS)..Zee News - Published | Niti Aayog's 1st VC Panagariya to head 16th Finance CommissionColumbia University professor and the first vice chairman of Niti Aayog Arvind Panagariya has been appointed the chairman of the 16th Finance Commission. The government is, however, yet to name the..IndiaTimes - Published |
Budget: Finmin seeks expenditure proposals from other ministriesThe finance ministry has sought expenditure proposals for the second and final batch of supplementary demands for grants from various ministries and departments ahead of the Budget session likely to..IndiaTimes - Published | New Year bonanza! Centre may reduce petrol, diesel prices by this much, check latest fuel rates of your cityFuel prices in India might be significantly lowered before the Lok Sabha elections in 2024. The finance ministry awaits the final nod.DNA - Published |
Ukraine received $1.34 billion under World Bank project: Finance ministryUkraine received $1.34 billion under the World Bank's public expenditures for administrative capacity endurance in Ukraine, the Ukrainian finance ministry said on Monday. The ministry said in a..IndiaTimes - Published | Finance ministry asks banks to monitor top 20 IBC casesThe finance ministry has directed heads of public sector banks to closely monitor and review the top 20 cases under the Insolvency and Bankruptcy Code (IBC) as part of their strategy for managing bad..IndiaTimes - Published |
IMF report: Govt allays fear over debtThe finance ministry clarified that the interpretation of the IMF report suggesting India's general government debt would exceed 100% of GDP in the medium term is misconstrued. The ministry emphasized..IndiaTimes - Published | Insurance drive: Govt may consider health regulatorThe finance ministry has written to the health ministry suggesting a regulator for healthcare services. The National Health Authority's efforts to build the National Health Exchange have been welcomed...IndiaTimes - Published |
Rating method needs reform: Finance ministry paperA paper by the finance ministry's economic division calls for reform in the credit rating process of global agencies like Moody's, Fitch, and Standard & Poor's. The paper highlights the opaqueness and..IndiaTimes - Published | Will review held-up insolvency cases: GovernmentThe finance ministry plans to review insolvency cases that are stuck in bankruptcy tribunals. The government aims to address concerns about the slow progress of these cases, which were initially..IndiaTimes - Published |
At 1.1 crore, number of GST return filers up 65% in 5 years The number of GST return filers rose about 65% to 1.1 crore in 5 years till April 2023 as compliance by taxpayers improved, the finance ministry said on Sunday. Also, the number of active taxpayers..IndiaTimes - Published | Electric 2-wheelers may see end of subsidy soonThe subsidy for electric two-wheelers is expected to end in a few weeks as the government is not keen on introducing the third phase of Faster Adoption and Manufacturing of Electric Vehicles or FAME..IndiaTimes - Published |
Kenyan court suspends plan to privatise more state-owned firmsA Kenyan court on Monday suspended a government plan to start a fresh privatisation drive under a modified law while it hears a challenge that an opposition party has brought against the sales. In late..IndiaTimes - Published | Banks asked to act fast on fraud alertsThe government is considering deploying a series of measures to curb the growing menace of cyber frauds in the financial sector, including blocking the IMEI, the unique number of mobile devices, and..IndiaTimes - Published |
No new liability under Bharatmala till fresh cabinet approval, road ministry to NH agenciesThe approval and bidding of highway projects under the Bharatmala programme have been halted until fresh Cabinet approval is obtained. The finance ministry has instructed the road transport and..IndiaTimes - Published | India set for longer economic, financial cycle than past: Finance ministryIndia's growth experience in 2023-24 will continue to be a positive outlier as compared to other major economies and the country can look ahead to the prospect of a longer economic and financial cycle..IndiaTimes - Published |
China proposes cybersecurity check for auditors if national security involvedChina's finance ministry has proposed new measures that require auditors to undergo additional cybersecurity checks when their work involves national security. The measures also outline how accounting..IndiaTimes - Published | GST: Finance ministry launches amnesty scheme for filing appeals against demand ordersThe finance ministry has introduced an amnesty scheme for filing appeals against Goods and Services Tax (GST) demand orders. The scheme will be open until January 31, 2024, for entities that were..IndiaTimes - Published |
State-run pharma co IMPCL selloff sees several EOIsThe Centre has received multiple expressions of interest (EOIs) for the privatisation of state-run Indian Medicines Pharmaceutical Corporation (IMPCL), a top finance ministry official announced on..IndiaTimes - Published | Government plans to set up single agency for infrastructure planning, monitoring & evaluationThe Indian government is working on setting up a single agency for infrastructure planning, monitoring, and evaluation to ensure maximum impact on the economy and quality of life. The Department for..IndiaTimes - Published |
'Government initiatives pushing women-led development'The Indian government's initiatives for financial inclusion, rural microfinance, and property rights in rural housing have contributed to the development of women-led initiatives in the country,..IndiaTimes - Published | Banks tap business, rework plan to raise low-cost depositsThe Centre's "just-in-time" mechanism for releasing funds to government agencies has led to banks losing out on low-cost current and savings account float. Public sector banks, such as State Bank of..IndiaTimes - Published |
