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Finance minister Arun Jaitley listens to chief economic advisor Arvind Subramaniam as MoS (finance) Shiv Pratap Shukla looks on at the 22nd meeting of the GST council in New Delhi. (Photo: PTI)

Working to rationalise GST rates, says Shiv Pratap Shukla

The MoS Finance said a big announcement from the government regarding GST is imminent.

8 Jun 2018 12:00 PM IST

Indian Railways is not looking at more funds in the upcoming Union Budget for 2018-19 as it is focused on monetising assets within, Railway Minister Piyush Goyal said. (Photo: PTI)

Bank merger back on table, Piyush to meet bank chiefs

Meeting is also expected to take a call on issuance of recapitalisation bonds for some of the weak banks.

8 Jun 2018 8:52 AM IST

RBI's policy stand confirms economic activity is on upswing: Goyal

The finance ministry said it welcomed the monetary policy of the banking regulator.

7 Jun 2018 9:16 AM IST

Revenue Secretary Hasmukh Adhia. (Photo: File)

Finance Ministry raps central tax officers for poor GST show

After registering highest GST collections of Rs 1,03,458 cr in April, revenue has fallen to Rs 94,016 cr in May.

6 Jun 2018 9:30 AM IST

Goods and Service Tax

Govt planning to revamp GST AAR mechanism

The AARs in different states have so far passed about 60 orders under the GST law.

5 Jun 2018 5:15 PM IST

State-owned Punjab National Bank (PNB) has hired lawyers to represent itself in the bankruptcy proceedings of the US-based Firestar Diamond.

FinMin rejects PNB's Rs 7,000 cr extra capital infusion demand

PNB had received Rs 5,473 crore recap funds last year during the first round of infusion.

4 Jun 2018 9:18 AM IST

Disinvestment-bound Air India has approached aviation regulator DGCA for renewal of its flying permit, expiring in June.

Civil Aviation Ministry mulls Rs 11,000 crore bailout package for Air...

The discussions come against the backdrop of a failed effort to privatise the loss-making airline.

7 Aug 2018 7:44 PM IST

Union Minister Arun Jaitley said that Congress had no real issue and was hence resorting to manufacturing. (Photo: File)

Arun Jaitley to resume office in 3rd week of August

Jaitley, according to sources, is recovering well and will be able to assume the responsibilities of the Finance...

7 Aug 2018 5:02 PM IST

With the rupee resuming its fall after a brief period of consolidation, forex participants are not ruling out of the possibility of the rupee weakening further to breach the 70 level mark. (Photo: AP)

Rupee fall due to external factors: Economic Affairs Secretary

The rupee hit an all-time low of 70.1 per dollar earlier, as concerns about Turkey's economic woes persisted.

14 Aug 2018 12:36 PM IST

Saifee trust buys terrorist Dawood Ibrahim's Mumbai property for Rs...

The auction of property, 'Masulla', a 4-storey building, was conducted by Union Finance Ministry.

10 Aug 2018 4:21 PM IST

The Reserve Bank last month put IDBI Bank under watch by initiating Prompt Corrective Action against it.

LIC will be asked to speed up IDBI Bank acquisition process

IDBI Bank and LIC chairman did not reply to queries in this regard.

23 Aug 2018 8:40 AM IST

The finance ministry said that the bill is far more depositor-friendly than in many other countries which provide for statutory bail-in without consent of creditors and depositors.

Finmin asks PSU bank CEOs to check frauds in NPAs or face penal action

SFIO is also looking into the books of companies which are currently undergoing debt resolution.

22 Aug 2018 5:32 PM IST