Finance Minister | The Asian Age

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Finance Minister Nirmala Sitharaman. (Photo: ANI)

Nirmala Sitharaman says tax targets 'absolutely' achievable: report

India expects to rake in 24.6 trillion rupees (USD 358.97 billion) in gross tax revenue in 2019-20.

12 Jul 2019 12:07 PM

India on upward growth trajectory, says Arun Jaitley

Economic Survey projected India's growth to rise to 7 pc in the current fiscal, from five-year low of 6.8 pc in 2018-19.

05 Jul 2019 9:14 AM

The SBI saw the highest number of wilful defaults at 461.58 billion rupees, while PNB stood second at 250.9 billion rupees.

Wilful defaults in India cross USD 21 billion in 2018-19

As per data from RBI, gross loans and advances in state-run banks came in at 638.2 bn rupees, as of March 31, 2019.

03 Jul 2019 9:37 AM

The demonetisation decision in the first term of the Modi government in 2016 had created a huge controversy. (Photo: Twitter/ ANI)

No study on effect of note-ban: FM Nirmala Sitharaman

This was disclosed by Finance Minister Nirmala Sitharaman in reply to a question by Congress member Digvijaya Singh in the Rajya Sabha.

02 Jul 2019 7:53 PM

The contempt petition which was filed by Srivastava against Adhia was dismissed by the Supreme Court, observing that no contempt has been made out. (Photo: File)

SC dismisses contempt petitions against former, present revenue secretaries

A Bench of Justice UU Lalit and Justice Vineet Saran JJ dismissed the contempt petition.

02 Jul 2019 11:08 AM

According to officials, it is likely that the Reserve Bank of India could further lower lending rates to provide more room to commercial banks for cheaper loans. (Photo: File)

Sitharaman's first budget likely to focus on economic growth, unemployment

The reforms could see structural policy changes in areas such as land, labour, capital and entrepreneurship.

24 Jun 2019 10:54 AM

'In 2015-16, over 37 lakh job positions were vacant, but only 1.48 people were recruited. Likewise, in 2017-18, as many as 23 lakh job positions were to be filled, but only 9. 21 lakh people were recruited,' Shiv Sena mouthpiece 'Saamna' read. (Photo: ANI)

Finance Minister must find a solution to economic crisis: Shiv Sena

It said merely playing around with words will not help fight unemployment, the highest in the last 45 years.

03 Jun 2019 3:48 PM

If Modi wins India election, who will be finance minister?

Whoever holds the job, Modi needs a finance minister who can reinvigorate the economy without hiking debt.

21 May 2019 9:03 AM

India has been 'politicising' the proceedings at the FATF against Pakistan, the Foreign Office claimed on Friday, a day after the Indian government said it seeks downgrading of Pakistan on the global watch dog's terrorism financing list. (Representational Image)

India ‘politicising’ FATF proceedings against us: Pakistan

On several previous occasions, calculated leaks were made to Indian media about proceedings of FATF, which are strictly confidential.

03 May 2019 9:05 PM

The secured creditors have a say on deals in the NCLT while views of unsecured creditors are not considered. (Photo: File)

NTPC eyes stressed assets under insolvency in NCLT to make deals sweeter

All those insolvency deals so far in the NCLT have got discounts of up to 70 per cent or even more from secured creditors.

03 Mar 2019 12:12 PM

The MoCA will be then send the reserve price to the Evaluation Committee. (Photo: File)

Financial bids for Pawan Hans to be submitted by March 6

Separately, the transaction advisor has worked out a reserve price for Pawan Hans which will be submitted to the Ministry of Civil Aviation.

03 Mar 2019 12:04 PM

Adhikari was deputy prime minister in the coalition government, which was thrown out in a coup by then King Gyanendra Shah in 2005. (Photo: Twitter/ @RepublicaNepal)

Ex-Deputy prime minister of Nepal Bharat Mohan Adhikari passes away

He was admitted to the hospital for treatment three weeks ago following problems in chest and lungs.

03 Mar 2019 10:21 AM

IBC brought back Rs 3 lakh crore into banking system: Jaitley

On the issue of non-performing assets (NPAs), he said the curve is going down.

01 Mar 2019 11:42 AM

Goods and services tax council. (Photo: PTI)

Govt detects Rs 20,000 cr GST evasion in April-Feb FY'19

The GST Council, chaired by FM Jaitley decided to cut tax rates on under-construction apartments to five and one per cent, respectively.

27 Feb 2019 2:34 PM

The measure is one of a series by Prime Minister Narendra Modi’s government to try to stimulate consumption as he faces nationwide elections by May. (Photo: File)

Tax cuts should boost Indian real estate demand, but many issues linger

On Sunday, a government body said the sales-tax on under-construction residential houses in April will drop to 5 per cent from 12 per cent.

26 Feb 2019 12:55 PM

The Lok Sabha passed the Bill to this effect on the last day of the budget session by a voice-vote, but the legislation could not get the approval of the Rajya Sabha. (Photo: AFP)

Prez promulgates Unregulated Deposit Scheme Ordinance

The Ordinance will help put a check on illicit deposit taking activities like Saradha scam and Rose Valley chit fund scam in the country.

22 Feb 2019 10:34 AM

The recovery is expected to touch Rs 1.80 lakh crore by March 2019 with some of the resolutions at the final stage, Financial Services Secretary Rajiv Kumar said. (Photo: ANI | Twiiter)

Finmin expects NPA recovery of Rs 1.80 lakh crore in FY19

So far, banks have recovered Rs 1 lakh crore under the Insolvency and Bankruptcy Code (IBC).

21 Feb 2019 10:01 AM

The decision was taken during the Cabinet meeting here. (Photo: PTI)

Govt clears Rs 30,274 cr Delhi-Ghaziabad-Meerut Regional Rapid Transport System

'The Cabinet has approved construction of Regional Rapid Transit System (RRTS) covering a distance of 82.15 kilometres,': FM Arun Jaitley.

20 Feb 2019 1:09 PM

The amalgamation, the first-ever three-way consolidation of banks in India, would be effective from April 1, 2019. (Photo: ANI)

India needs fewer and mega banks: Jaitley

The Union Cabinet last month approved the merger of the three banks to create the country's third-largest lender after SBI and ICICI Bank.

18 Feb 2019 3:17 PM

THe ambitious scheme is targeted at unorganised sector workers with monthly income of up to Rs 15,000. (Photo: File)

Unorganised workers can now subscribe to Rs 3,000 monthly pension scheme

The ambitious social security scheme was announced by Finance Minister Piyush Goyal in the Interim Budget 2019-20.

17 Feb 2019 2:12 PM

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