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finance ministry Page-6

Printing of Budget documents begins with 'Halwa' ceremony

The NDA government on February 1, would unveil the interim Budget for 2019-20.

21 Jan 2019 2:42 PM

Corporate tax may be cut to 25 per cent for turnover up to Rs 500 cr

Companies above Rs 250 crore turnover currently pay a basic corporate tax rate of 30 per cent.

16 Jan 2019 11:18 AM

Govt keen to pare stake in banks to 52 per cent, but capital infusion a hurdle

State Bank of India has already initiated steps for a Rs 20,000-crore share sale through qualified institutional placement.

15 Jan 2019 2:14 PM

Finance ministry for caution on Mudra loans without stifling credit

Mudra loans NPAs at best could be under 3.5 per cent of total outstandings of Rs 2. 4 lakh crore of the PSBs in fiscal 2018.

15 Jan 2019 10:55 AM

Finance Ministry, RBI to take up dividend, surplus

While govt wants a big pie of surplus, some feel RBI needs a large corpus to maintain credibility.

04 Jan 2019 10:25 AM

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Govt exempts rupee payments for Iran oil from taxes

Any income a foreign company receives in an Indian bank account is subject to a withholding tax of 40 per cent

01 Jan 2019 3:49 PM

State banks recover USD 8.69 billion of bad loans in April-September

Banks have raised 244.4 billion rupees from the market this fiscal year.

20 Dec 2018 5:45 PM

Important for Indian govt to heed RBI's message on financial stability: IMF Chief

Central bank does have to be intimately concerned with financial stability to some degree and with the payment system.

10 Dec 2018 2:24 PM

Direct tax collections surge 15.7 pc to Rs 6.75 lakh cr in Apr-Nov

Refunds worth Rs 1.23 lakh crore have been issued in the eight months of the current fiscal.

10 Dec 2018 12:52 PM

No GST on flats with completion certificates: Govt

The ministry also asked the builders to reduce the prices of properties by passing on the benefit of lower GST rate.

09 Dec 2018 5:39 AM

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Govt extends deadline for filing TDS returns for Oct-Dec to Jan 2019

The TDS provisions under the goods and services tax (GST) were brought into effect from October 1, 2018.

30 Nov 2018 4:43 PM

Centre, states apportion Rs 33,000 crore IGST in November

The finance ministry has targeted monthly GST collections to be Rs 1 lakh crore for this fiscal.

30 Nov 2018 2:46 PM

Jaitley defends revised GDP numbers for UPA era, says CSO credible org

Chidambaram had called the revision a

29 Nov 2018 1:07 PM

Government to run power play at next RBI board meeting: report

PM Modi is keen to stimulate the economy and is looking for the RBI to allow easier lending policies.

28 Nov 2018 3:46 PM

No additional recapitalisation in PSBs beyond Rs 65,000 crore in FY19

The government has already infused about Rs 82,000 crore through bonds.

28 Nov 2018 10:47 AM

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RBI Governor to submit written answers to questions raised by MPs

Governor replied that adherence to the global norms was India's commitment to G-20 nations.

27 Nov 2018 5:06 PM

Panel to overhaul, simplify Direct Tax laws to submit report by Feb 28

Currently, income up to Rs 2.5 lakh per annum is exempt from tax for individuals.

27 Nov 2018 10:56 AM

Govt to infuse Rs 42,000 cr in PSU banks by March; next tranche likely in Dec

Out of the Rs 1.35 lakh crore, the government has already infused about Rs 82,000 crore through the bonds.

26 Nov 2018 3:06 PM

Finance Ministry hopeful about public sector banks

Of the 21 state-owned banks, 11 are under the PCA framework, which imposes lending and other restrictions on weak lenders.

26 Nov 2018 7:38 AM

Finance Ministry likely to stick to capital infusion programme for PSU banks

Out of the Rs 1.35 lakh crore, the government has already infused about Rs 82,000 crore through recap bonds.

23 Nov 2018 5:00 PM

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