Finance Ministry | The Asian Age

Friday, Apr 26, 2024 | Last Update : 08:34 PM IST

finance ministry Page-2

The ministry said the government has undertaken series of financial sector and other reforms to strengthen the economy as a whole.

FinMin says fundamental of Indian eco robust, reforms to stimulate investments

Government of India has also proactively taken policy decisions in response to the global slowdown.

08 Nov 2019 10:21 AM

Government decides to sell 11 PSUs

MTNL, Bhel, ITDC’s Ashok Hotel in Delhi up for disinvestment.

23 Oct 2019 2:12 AM

The Finance Ministry is also mulling to re-look at the most contentious Financial Resolution and Deposit Insurance (FRDI) Bill, a year after it was withdrawn by the government following a huge public outcry against controversial bail-in clause, which led to many depositors prematurely cancelling their bank deposits.

Centre plans new FRDI Bill, hike in deposit insurance

The source further said DICGC has proposed to hike deposit insurance to Rs 3 lakh from Rs 1 lakh, depending upon the demands of circumstances.

18 Oct 2019 2:26 AM

According to returns filed by the large corporates to the Ministry of Corporate Affairs, as much as Rs 40,000 crore is due to the MSME sector.

Over Rs 81,700 cr disbursed by banks during 9-day loan mela: FinMin

FM said that banks have been asked to provide bill discounting facility to the MSME sector against payments due from the large corporates.

14 Oct 2019 2:45 PM

The CBDT clarified that as there is no timeline within which option under section 115BAA can be exercised.

Cos opting for new lower tax can't claim MAT credit, other deductions: CBDT

The section does not provide any timeline for companies to opt for the new regime of lower tax rate.

03 Oct 2019 9:18 AM

The revenue during September declined by 2.67 per cent in comparison to the revenue collected in the same month a year ago, the release said. (Photo: File)

GST collection declines to Rs 91,916 crore in September

The revenue collection in the same month a year ago stood at Rs 94,442 crore.

01 Oct 2019 7:38 PM

On salary and allowances, the notice said the post carries the pay scale of Rs 2.25 lakh per month (level 17). (Photo: AFP)

Finmin gets nearly 100 applications for post of RBI deputy governor

Persons with at least 25 years of work experience in an Indian or international public financial institution could also apply for the post.

19 Sep 2019 3:04 PM

Finance Minister Nirmala Sitharaman. (Photo: Asian Age)

FinMin to hold review meeting with public sector banks today

The finance ministry will also discuss ways in which PSBs can offer doorstep banking facility.

19 Sep 2019 8:50 AM

The first set of announcements was made on 23 August that included rollback of the enhanced surcharge imposed on foreign portfolio and domestic investors. (Photo: File)

'Blueprint ready': Govt mulling fourth booster dose to revive economy

Last week, the government announced a slew of measures to boost exports and the real estate sector.

18 Sep 2019 9:24 AM

The proposal was sent for the concurrence of the finance ministry.

Over 6 cr EPFO members to get 8.65 pc interest for 2018-19: Labour minister

At present, the EPFO is settling PF withdrawal claims at 8.55 per cent interest rate.

17 Sep 2019 1:44 PM

Former Prime Minister Manmohan Singh. (Photo: Twitter | ANI)

Centre should take CMs' views on changing Finance Commission's: Manmohan Singh

Cooperative federalism demands give-and-take, and which is why it is important for the Central Govt to make efforts to consult the states.

16 Sep 2019 10:58 AM

Union Transport Minister Nitin Gadkari backed Finance Minister Nirmala Sitharaman's claim that the mindsets of millennial were adversely affecting the automobile industry as they prefer to use radio taxi services instead of buying own vehicle. (Photo: File)

Gadkari backs Sitharaman's remark on auto sector slowdown, says 'one of the reasons'

Gadkari, known for his astute business skills, said his ministry along with finance is charting out way to uplift automobile industry.

12 Sep 2019 1:06 PM

The previous two rounds of bank consolidation, will bring down the number of nationalised public sector banks to 12 from 27 in 2017.

Board to soon consider amalgamation with OBC, United Bank: PNB

The government on Friday unveiled a mega plan to merge 10 public sector banks into four as part of plans.

31 Aug 2019 2:14 PM

The country has set a goal of achieving a USD 5-trillion economy by 2024-25.

FinMin asks PSBs to seek ideas from branches to streamline banking sector

The campaign comes at a time when the economy is facing headwind and it has slowed to a 5-year low of 6.8 per cent.

17 Aug 2019 11:15 AM

In the real estate sector, the number of unsold homes has increased while fast-moving consumer goods (FMCG) companies have reported a decline in volume growth in the first quarter.

Modi reviews state of economy with Sitharaman, FinMin officials

There are expectations that the government would come out with sector-specific stimulus sometime soon.

15 Aug 2019 5:35 PM

So far, 27 rounds of talks at the chief negotiators level have been conducted.

FinMin asks commerce ministry to assess revenue impact of proposed RCEP

India is looking for a balanced trade agreement, as it would cover 40 per cent of the global gross domestic product.

08 Aug 2019 3:03 PM

The applicant should not be more than 60 years of age as on July 24.

FinMin invites application for post of RBI deputy governor

The appointment will be for a period of three years and the person will be eligible for re-appointment.

01 Aug 2019 4:01 PM

The task force was assigned to draft direct tax laws in line with the norms prevalent in other countries

Tax force on direct taxes gets more time to submit report

The government has allowed the task force to submit its report by 16th of August 2019.

01 Aug 2019 10:56 AM

Garg says none in govt questioned offshore bonds issue when he was DEA Secy

The sovereign bond issuance was basically intended to ease the pressure on the domestic availability of resources.

27 Jul 2019 11:32 AM

Senior bureaucrat and former finance secretary Subhash Chandra Garg.

Subhash Chandra Garg takes over as new Power Secretary

Garg was in charge of the Department of Economic Affairs (DEA), and was designated the Finance Secretary.

26 Jul 2019 12:42 PM

2 of 22

Columns

Sunil Gatade