Home » finance ministry

You Searched For "finance ministry"

Bank customers across the nation have complained that several banks are refusing to accept more than the said amount despite providing detailed explanations. (Photo: PTI/File)

PSBs' probing NPAs of over Rs 50 crore to cleanse the system: Ficci

PSBs should strengthen their risk management practices with an immediate sense of urgency.

28 Feb 2018 4:07 PM IST

PNB has suspended 10 officers over the scam and referred the matter to CBI for investigation. (Photo: PTI)

After USD 2 bn fraud, 15-day deadline for state banks to fix...

State-run banks have 15 days to 'take pre-emptive action and identify gaps/weaknesses' to tackle rising operational and...

27 Feb 2018 1:06 PM IST

The income-tax department had booked Mr Bhandari under the new act, called the Black Money (Undisclosed Foreign Income and Assets) and Imposition of Tax Act, 2015. (Photo: PTI)

Finance Ministry releases list of 9,491 'high risk' financial...

The list, containing the names of the firms, has been updated till January this year.

27 Feb 2018 10:52 AM IST

As per PMLA, all NBFCs have to appoint a principal officer in financial institutions and report all suspicious and cash transactions of over 10 lakh rupees to FIU. (Photo: ANI)

Finance Ministry puts out list of high-risk finance companies

FIU released list on its website showing the names of NBFCs which have been found non-compliant to the PMLA rules.

26 Feb 2018 1:05 PM IST

Finance Ministry

Finance Ministry signs MoU with NBCC for housing project

MoU for the project was signed between Department of Economic Affairs and NBCC.

23 Feb 2018 3:23 PM IST

PNB customers will have to pay charges for depositing cash above Rs 5,000 in a non-base branch even if it is located in the same city.

PNB fraud: FinMin sets up new regulatory measures for big loans

FinMin has written to Hong Kong branches of 4 Indian banks asking them to reconcile accounts and check for...

23 Feb 2018 2:00 PM IST

Terming the MSME sector as the backbone of the economy, Finance Minister Arun Jaitley on Saturday said the sector would lead the current consolidation phase of the economy. (Photo: PTI)

Finance Ministry to meet bankers on fraud

Banks said to be directly or indirectly affected by the scam include SBI, Allahabad Bank and Union Bank of India.

22 Feb 2018 7:12 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.

Small Savings Act amended to allow flexibility to investors

No change in interest rate or tax policy on small savings scheme is being made through this amendment.

14 Feb 2018 10:07 AM IST

According to sources in the finance department, the GST collection was not expected to be so high and hence it had asked the Centre for a compensation of Rs 6500 crore.

GST mop up could top Rs 1 trillion a month post anti-evasion steps

Government has budgeted about Rs 7.44 lakh crore from GST in the 2018-19 fiscal beginning April 1.

13 Feb 2018 3:42 PM IST

The policy aims to achieve USD 300 billion (over Rs 20 lakh crore) worth of textile exports by 2024-25 and create an additional 35 million jobs.

Govt expects to finalise roadmap for MSME bad loans by March

Online loan sanctioning facilities for MSMEs will be revamped for prompt decision-making by banks.

7 Feb 2018 11:52 AM IST

E-way bill provision has been decided by the GST Council and will be implemented in six months. (Representational Image)

Finance ministry asks for e-way bill report

e-way bill is an electronic way bill required for movement of goods more than Rs 50,000 in value and can be generated on...

3 Feb 2018 1:16 AM IST

The court was hearing an appeal against non-registration of a divorce application on grounds that one of the parties was away in the US and did not present herself in court to file her consent.

Govt notifies rules to operationalise fugitive economic offenders law

The Fugitive Economic Offenders Ordinance, 2018, is aimed at deterring economic offenders from evading the process of...

29 April 2018 1:32 PM IST