Home » finance ministry

You Searched For "finance ministry"

According to government estimates, there is Rs 400 crore of fake currency in circulation in the economy at any given point of time.

Fake money detection in banks at an all time high: Report

The report also said that the compliance levels of the public sector banks in this regard continued to be low.

14 Jun 2017 1:18 PM IST

Economist Sanjeev Sanyal.

Resolution of Indian banks' bad loans primary focus of govt: Sanyal

Sanyal's comments came a day after the RBI revealed that it had identified 12 of the largest loan defaulters.

14 Jun 2017 11:34 AM IST

Hard to pinpoint' impact of demonetisation, says FinMin

The government was asked whether the economy was stagnant due to demonetisation, which was announced in November last...

20 Dec 2017 1:21 AM IST

In a notice to banks, the ministry said that they should make necessary changes in their system/software to accept the tax.

Bank branches may be de-authorised

Under the PMGKY, declarants also have to park a quarter of the total sum in a non-interest bearing deposit scheme for...

25 Feb 2017 6:49 AM IST

The e-filing facility for ITR-1, which is to be enabled from April 1, will have an online tax calculator and ITRs can be filed till the stipulated deadline of July 31.

Panel pulls up Finance Ministry for locking Rs 9.85 trillion on tax...

There are around 2.83 lakh appeals pending before the CIT(A) through out the country.

26 Dec 2017 5:56 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.

Banks lost nearly Rs 17,000 cr to frauds last fiscal: Finance Ministry

RBI has advised banks from time to time to enhance security arrangements at their branches and ATMS.

22 Dec 2017 4:39 PM IST

Assocham president Sandeep Jajodia also urged the Centre that the NPA norms on getting the account classified under non-performing asset category for core sectors should be extended from 90-days to 180-days. (Photo:PTI)

India Inc demands RBI rate cut as IIP growth slides

The industry reiterated its demand for an interest rate cut by the RBI, saying it was imperative to boost growth and...

12 Jun 2017 9:27 PM IST

Finance Minister Arun Jaitley

Jaitley says universal basic income has 'political limitations'

Arun Jaitley also said the finance ministry is debating the Economic Survey's suggestions of UBI and creation of bad...

12 Jun 2017 2:40 PM IST

Finance Minister Arun Jaitley

Jaitley to meet PSB chiefs to assess NPA situation

Currently, the PSBs are being faced with toxic loans of Rs 6.06 lakh crore during April-December 2016-17.

12 Jun 2017 11:11 AM IST

RBI governor Urjit Patel

Urjit Patel to appear before Par panel on July 6

Committee had also called top finance ministry and RBI officials in January to discuss the impact of demonetisation.

9 Jun 2017 4:40 PM IST

Commerce & Industry Minister Nirmala Sitharaman and Secretary, DIPP, Ramesh Abhishek. (Photo: PTI)

DIPP to soon release SOP for FDI proposal clearances

Inflow of foreign direct investment into India increased by 9 per cent to USD 43.48 billion in 2016-17.

8 Jun 2017 12:35 PM IST

RBI Governor Urjit Patel at a press conference after the monetary policy review meeting in Mumbai. (Photo: PTI)

Strong autonomy message: MPC declines FinMin meet request

All the MPC members declined the request of the finance ministry for that meeting.

8 Jun 2017 12:17 PM IST