Finance Ministry | The Asian Age

Wednesday, Apr 24, 2024 | Last Update : 02:31 PM IST

finance ministry Page-4

The Economic Survey for 2019-20 will be tabled on July 4 followed by the presentation of the budget on the next day.

Finmin in 'quarantine' from Monday as Budget-making exercise begins

The Ministry will be out of bounds for visitors and media as it gets down to prepare the Budget for 2019-20 fiscal year.

04 Jun 2019 3:14 PM

Inter government tax adjustments have to be done on month-on-month basis to avert any possibility of temporary revenue deficit to a particular government.

Single authority for sanctioning, processing GST refunds likely by August

A single window tax refund in a federal, democratic economy would be a massive jump in ease of doing business.

26 May 2019 11:16 AM

The plan to launch a bank ETF comes on the back of the government seeing huge investor demand for two existing ETFs.

FinMin to launch ETF with bank stocks, fin institutions this fiscal

Govt is looking at diversifying the ETF basket by including stocks public sector banks and financial institutions.

26 May 2019 10:35 AM

In last fiscal, AAI had transferred the entire profit after tax (PAT) for 2017-18 fiscal of Rs 2,800 crore to the government as dividend.

FinMin asks AAI to issue shares against govt funding of Rs 656 crore

Last fiscal, AAI was asked to transfer its entire profit of 2017-18 to the exchequer as dividend.

21 May 2019 1:57 PM

In last fiscal the government had raised Rs 84,972 crore from CPSE disinvestment, of which Rs 15,914 crore came in from strategic stake sale.

Finance Ministry reworking strategic sale procedure for CPSEs

The process for strategic sale of many state-owned companies started back in late 2017 or early 2018.

12 May 2019 10:51 AM

In its monthly economic report for March, the Finance Ministry said monetary policy has attempted to provide a fillip to the growth impulse through cuts in repo rate and easing of bank liquidity. (Representational Image)

Economic growth may have slowed in 2018-19: Finance Ministry

The Ministry, however, said that India continues to remain fastest growing major economy and is projected to grow faster.

03 May 2019 11:17 AM

ETFs function like a mutual fund scheme and have underlying assets of government-owned companies. (Representational image)

Finance Ministry starts consultation with investors to launch global ETF

DIPAM will start developing the index for the ETF based on investors' feedback.

28 Apr 2019 1:39 PM

"The DFS has approved the proposal subject to fulfilment of certain conditions related to efficient management of the retirement fund," the source said.

FinMin ratifies 8.65 per cent interest on EPF for 2018-19

Earlier in Feb, EPFO's apex decision making body Central Board of Trustees had decided to raise interest rate on EPF to 8.65 pc.

26 Apr 2019 6:22 PM

During April-December 2018, 3,626 cases of GST evasion/violations involving Rs 15,278 crore were detected.

FinMin brings in changes in e-way bill system to check GST evasion

Electronic way or e way bill was rolled out in 2018, for moving goods worth over Rs 50,000 from one state to another.

24 Apr 2019 8:51 PM

Guarantees are contingent liabilities have the potential to impact the financial performance of the government.

Finmin asks all depts to conduct review of govt guarantee; submit details by Apr 30

The Finance Ministry has extended date for submission of these details to April 30 from April 10.

23 Apr 2019 9:38 AM

India is pushing the dates as both sides are negotiating a trade package to boost bilateral commerce. (Representational Image)

India again extends deadline to impose high import duties on 29 US products

Increased customs duty on specified imports originating in the US has been postponed from April 1, 2019 to May 2.

30 Mar 2019 12:23 PM

The merger of Dena Bank and Vijaya Bank with BoB would be effective from April 1.

Govt to infuse Rs 5,042 crore into Bank of Baroda

The capital infusion will be by way of preferential allotment of equity shares of the bank during FY2018-19.

28 Mar 2019 12:02 PM

The government borrows money from the market to meet its fiscal deficit, which is the difference between total expenditure and total receipts. (Representational image)

FinMin seeks EC nod for announcing govt's borrowing calendar for Apr-Sept FY'20

"We have sought Election Commission's approval and will announce the borrowing schedule after receiving its nod," an official said.

26 Mar 2019 6:52 PM

Economic Affairs Secretary Subhash Chandra Garg. (Photo: PTI)

Liquidity to get further boost of Rs 35,000 cr via rupee-dollar swap: Garg

The auction of USD 5 billion for a tenure of three years will be conducted on Tuesday.

25 Mar 2019 2:46 PM

New Delhi is also backing a proposal for Jet’s founder and Chairman Naresh Goyal to step down if it means saving the airline. (Photo: AFP/File)

Government asked banks to save Jet, avoid bankruptcy: sources

jet airways saddled with more than 1 billion dollars of debt.

19 Mar 2019 2:45 PM

So far this fiscal, the government has raised over Rs 56,064 crore by divesting stakes in state-owned companies. (Photo: File)

Niti Aayog to draw up list of non-core assets of CPSEs for possible monetisation

The approved framework shall be reviewed after two years for instituting any change including delegations on financial limits.

03 Mar 2019 12:26 PM

Sebi wants govt rethink on RBI representation on its board

Officials said Sebi first proposed to the Ministry of Finance to amend the relevant provisions in the Sebi Act.

28 Feb 2019 5:51 PM

The bonds will be sold in three tranches from March 1-15, April 1-20 and May 6-15.

Sale of electoral bonds in 3 tranches from March: Finance Ministry

The electoral bonds will be valid for 15 calendar days from the date of issue and no payment will be made to any payee political party.

28 Feb 2019 3:38 PM

It provides for India to access 75 billion in US dollars while the earlier BSA provided for 50 billion dollars. (Photo: File)

BSA between India and Japan provides for India to access USD 75 billion

The BSA was negotiated between India and Japan during the visit of Prime Minister Narendra Modi to Tokyo on October 29 last year.

28 Feb 2019 1:48 PM

The task force was scheduled to submit the report by February 28.

Panel to overhaul direct tax law seeks 3 months extension

The panel was initially supposed to submit its report to the government, within 6 months, by May 22, 2018.

27 Feb 2019 3:52 PM

4 of 22

Columns

Sanjeev Ahluwalia