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Ravikumar opposes closure of I-T offices in Villupuram

Villupuram MP D. Ravikumar has urged the Union Finance Ministry to reconsider its decision of abolishing the Villupuram Range and Assessment Wards of
Hindu - Published

Climate change activists hose 'fake blood' at UK Treasury from fire engine

Climate change activists used a fire engine to hose a red liquid at the facade of the British finance ministry on Thursday in an attempt to draw attention to what they said was the government's failure..
Reuters India - Published

PMO seeks clarity on revival of MTNL, BSNL

The Prime Minister Office (PMO) is learnt to have asked a high-level panel, looking into the revival of MTNL and BSNL, to explain if the two telecom PSUs can be turned around and how. The direction has..
IndiaTimes - Published

Floods, auto slowdown: GST mop-up dips 3%

Goods and services tax (GST) collections in September fell 2.7% to Rs 91,916 cr, the lowest monthly mop-up in 19 months, as floods and the auto slowdown took a toll on government revenue. Data released..
IndiaTimes - Published

Norway sovereign wealth fund to divest oil explorers, keep refiners

Norway's $1.1 trillion (894.7 billion pounds) sovereign fund will divest from companies that are solely dedicated to oil and gas exploration and production, while maintaining stakes in refiners and..
Reuters India - Published

GST collections dip to 19-month low in September

This is the second straight month of decline in the GST collections, according to official data released by the Finance Ministry.
Hindu - Published

Deadline to link PAN-Aadhaar extended till Dec 31

The deadline to link Permanent Account Number or PAN with unique identity Aadhaar has been extended to December 31 from September 30, the finance ministry stated in a notification on Saturday.
IndiaTimes - Published

PAN-Aadhaar linking deadline extended till Dec 31

The deadline to link Permanent Account Number or PAN with unique identity Aadhaar has been extended to December 31 from September 30, the finance ministry stated in a notification on Saturday.
IndiaTimes - Published

RBI, govt. rebut rumours of PSB closure

Following rumours on social media that 9 public sector banks would be shut, both the Reserve Bank of India and the Finance Ministry, in separate state
Hindu - Published

Interest rate on EPF for 2018-19 hiked to 8.65%, over 6 crore subscribers to benefit

The Labour Ministry notified the new interest rate on Tuesday after approval by the Finance Ministry.
DNA - Published

Finance Ministry approves proposal to raise EPF interest rate to 8.65% for 2018-19

 It may be recalled that 8.65 per cent interest rate for the last fiscal was approved by the Central Board of Trustees - the top decision-making body of the EPFO - on February 21, 2019.
Zee News - Published

Government aims to sell Air India, other firms by March 2020, says official

India aims to sell two or three state-owned firms to local or foreign firms to raise up to 600 billion rupees ($8.5 billion) by March 2020, a senior Finance Ministry official said on Monday.
Reuters India - Published

HRANI Thanks Government for Rationalization of GST

*Hotel and Restaurant Association of Northern India (HRANI)* thanked the central and state government for the reduction in GST rates on hotel room tariffs in a bid to give a boost to the hospitality..
NewsVoir - Published

How India Inc reacted to FM Nirmala Sitharaman's announcement on corporate tax, MAT rate cuts

The Finance Ministry on Friday announced that corporate tax rates will be slashed to 22 percent for domestic companies and 15 percent for new domestic manufacturing companies.
Zee News - Published

Sudhir Mungantiwar urges Finance Ministry to quash GST on redevelopment projects

Realty players fear that such schemes will come to a halt in Mumbai
DNA - Published

Facebook met UK officials three times before Libra announcement

Facebook met British finance ministry, central bank and regulatory officials in the weeks before making public its plans for the Libra digital currency, responses to Reuters freedom of information..
Reuters India - Published

France to host pilot plant for Franco-German battery consortium - source

France will host a pilot plant to make electric car batteries, a French Finance Ministry source said, part of a pan-European project to rival Asia's dominance of the battery market.
Reuters India - Published

'Another blueprint ready': Govt mulls 4th booster dose to revive economy

The finance ministry is working on one more booster dose to give a leg-up to the economy that has hit over six-year low of 5 per cent, a senior finance ministry official said. The blue print for the..
IndiaTimes - Published

Govt mulling another booster dose to revive eco

The finance ministry is working on one more booster dose to give a leg-up to the economy that has hit over six-year low of 5 per cent, a senior finance ministry official said. The blue print for the..
IndiaTimes - Published

Indonesia to raise cigarette prices by more than a third at start of 2020

Indonesia will raise the minimum price of cigarettes by more than a third from January next year, a finance ministry spokesman said on Friday, as part of the government's efforts to reduce smoking..
Reuters India - Published

Govt notifies e-assessment process for tax payers

The ambitious 'e -assessment' scheme, also called the faceless or nameless assessment, for income-tax payers has been notified by the Central government. The notification gazette was published by the..
IndiaTimes - Published

Ball in finance ministry's court over GST rate cut for automobiles: Nitin Gadkari

Union minister Nitin Gadkari on Wednesday said it is up to the finance ministry along with state governments and GST Council to decide on reduction in GST rate for automobiles and that he has already..
IndiaTimes - Published

Nitin Gadkari on MV Act: Government intents to save lives, not earn revenue through fines

Amidst criticism for the revised fines for traffic violations, Union Minister for Road Transport and Highways, Nitin Gadkari on Wednesday justified the government's intention behind bringing the Motor..
Mid-Day - Published

India will become an auto manufacturing hub in next 5-6 years: Nitin Gadkari

Gadkari also said that that he has discussed the issue of GST reduction on automobiles with the Finance Ministry.
Zee News - Published

Tax refunds under new export scheme may be tough: FinMin

As the government works on an “export package”, the finance ministry has said that it may not be possible for the government to shift all exports to the Rebate of State and Central Taxes and Levies..
IndiaTimes - Published

In a 1st, govt OKs cannabis research in UP, U'khand

The narcotics department within the revenue wing of the Union finance ministry has sanctioned a research and development project on cannabidiol (CBD) and tetrahydrocannabinol (THC) - two natural..
IndiaTimes - Published

Finance ministry holds meeting with heads of CPSEs, advisors of infrastructure ministries


newKerala.com - Published

FinMin asks infra ministries, PSUs to step up spending

With the private sector holding back investment in creating additional capacity, the finance ministry on Friday sought to push the country's top public sector companies and the infrastructure..
IndiaTimes - Published

FinMin to monitor PSUs’ investments

In a bid to boost demand in the economy by spurring public sector investment, the Finance Ministry on Friday held a meeting with the heads of public
Hindu - Published

Finance Ministry meet Heads of CPSEs to boost capital expenditure

During the meeting the finance ministry reviewed capital expenditure by various CPSEs and ministries.
Zee News - Published

Sensex jumps over 200 points; TechM rallies 5 %

According to Sunil Sharma, Chief Investment Officer, Sanctum Wealth Management, regular news flow from the RBI and the Finance Ministry have helped to stabilise equity markets lately.
Hindu - Published

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