Finance Ministry

Finance Ministry likely to infuse about Rs 10K crore soon in PSU banks

Finance Ministry likely to infuse about Rs 10K crore soon in PSU banks

Some of these banks have come under pressure because of interest payment to their bond holders of Additional Tier 1 (AT-1) bonds.

Jul 17, 2018, 17:35 PM IST
Proposal to increase mandatory cover limit under EPFO sent to Finance Ministry

Proposal to increase mandatory cover limit under EPFO sent to Finance Ministry

The proposal calls to increase the mandatory wage limit to Rs 21,000 from Rs 15,000.

Jul 17, 2018, 17:25 PM IST
Finance minister Piyush Goel assures Swiss bank details by next year

Finance minister Piyush Goel assures Swiss bank details by next year

"We will have all information. If someone is found guilty, the government will take strong action against them."

Jun 29, 2018, 15:34 PM IST
GST formalising economy, widening tax base: Finance Ministry

GST formalising economy, widening tax base: Finance Ministry

The Goods and Services Tax was introduced from July 1, 2017, to subsume plethora of indirect taxes like excise and sales tax.

Jun 19, 2018, 00:45 AM IST
Piyush Goyal given additional charge of Finance Ministry, Rajyavardhan Singh Rathore is new I&B Minister

Piyush Goyal given additional charge of Finance Ministry, Rajyavardhan Singh Rathore is new I&B Minister

Arun Jaitley underwent a successful kidney transplant at AIIMS on Monday.

May 14, 2018, 21:22 PM IST
Rahul Gandhi mocks PM Narendra Modi for 'mass-bunk' at Finance Ministry

Rahul Gandhi mocks PM Narendra Modi for 'mass-bunk' at Finance Ministry

Both the Finance Minister and the Finance Secretary are out of action for one reason or another.

May 08, 2018, 13:44 PM IST
Finmin may write to Sebi for relaxing minimum public float norms for PSUs

Finmin may write to Sebi for relaxing minimum public float norms for PSUs

There are over a dozen public sector units (PSUs), including those up for strategic sale, which are yet to meet the minimum public holding norm -- the deadline for which ends in August.

Apr 09, 2018, 15:29 PM IST
Petrol, diesel should be under GST ambit, ball in Finance Ministry court: Dharmendra Pradhan

Petrol, diesel should be under GST ambit, ball in Finance Ministry court: Dharmendra Pradhan

Minister of Petroleum and Natural Gas Dharmendra Pradhan on Thursday reiterated that his ministry wants petrol and diesel to be brought under the domain of Goods and Services Tax (GST). Speaking to Zee media about petrol price reaching 4-year high and diesel touching all-time high, Pradhan blamed the increase in crude oil price.

Apr 05, 2018, 18:02 PM IST
Finance Ministry asks RBI to help ease industry troubles post-LoU ban

Finance Ministry asks RBI to help ease industry troubles post-LoU ban

FinMin has asked RBI to look into the problems being faced by industry and banks by the abrupt ban on LoUs.

Mar 29, 2018, 21:01 PM IST
7th Pay Commission: Here's what you can actually expect from April 2018

7th Pay Commission: Here's what you can actually expect from April 2018

The Modi government is planning to raise the minimum pay from Rs 18,000 to Rs 21,000 from April this year for their employees.

Mar 18, 2018, 22:12 PM IST
Massive 84% of initial GST returns filed for July-Dec don't match with final returns

Massive 84% of initial GST returns filed for July-Dec don't match with final returns

The revenue department has analysed the GST returns data filed by over 51.96 lakh businesses during July-December, 2017.

Mar 18, 2018, 19:51 PM IST
PNB fraud: RBI initiates audit of PSBs with focus on trade finance, LoUs

PNB fraud: RBI initiates audit of PSBs with focus on trade finance, LoUs

Most of the big banking frauds which were unearthed in the recent past, including the one perpetuated by diamantaire Nirav Modi and his associates, pertain to trade finance.

Mar 11, 2018, 18:06 PM IST
Properties linked to terrorist Hafiz Saeed's JuD, charity seized in PoK, Pakistan's Punjab

Properties linked to terrorist Hafiz Saeed's JuD, charity seized in PoK, Pakistan's Punjab

Action against Hafiz Saeed's JuD, FIF was taken at the behest of Pakistan's Finance Ministry.

Mar 09, 2018, 22:44 PM IST
Finance Ministry directs banks to collect passport details of big borrowers in 45 days

Finance Ministry directs banks to collect passport details of big borrowers in 45 days

In case the borrower does not have a passport, the bank should obtain a certificate in the form of declaration that the person does not have the passport, sources said quoting the Finance Ministry's advisory to banks.

Mar 07, 2018, 06:52 AM IST
Modi govt sets up panel on financial technology to make regulations more flexible

Modi govt sets up panel on financial technology to make regulations more flexible

The Committee will also focus on how Fintech can be leveraged to enhance financial inclusion of MSMEs.

Mar 05, 2018, 15:42 PM IST
GST collection dips marginally in January to Rs 86,318 crore

GST collection dips marginally in January to Rs 86,318 crore

FinMin said that 1.03 crore taxpayers have been registered under GST till Feb 25, of which 17.65 lakh are composition dealers who are required to file returns every quarter.

Feb 27, 2018, 18:17 PM IST
Crackdown on black money? Finance Ministry releases list of 9,491 'high risk' NBFCs, details inside

Crackdown on black money? Finance Ministry releases list of 9,491 'high risk' NBFCs, details inside

Many of these NBFCs were found converting banned currency notes after demonetisation by receiving cash as deposits and issuing back-dated FDs and cheques.

Feb 26, 2018, 17:51 PM IST
Finance Ministry must've known about it: Congress lashes out at Arun Jaitley's comment on regulators

Finance Ministry must've known about it: Congress lashes out at Arun Jaitley's comment on regulators

Hours after Finance Minister Arun Jaitley slammed regulators for failing to detect the Rs 11,400-crore fraud at Punjab National Bank for seven long years, Congress accused the Centre of being aware of all details. 

Feb 24, 2018, 14:45 PM IST
Finance Ministry writes to Hong Kong banks over PNB LOUs

Finance Ministry writes to Hong Kong banks over PNB LOUs

The development comes over the PNB fraud case worth over Rs. 11,000 crore, which was allegedly committed by famous jeweller Nirav Modi.

Feb 23, 2018, 13:25 PM IST
7th Pay Commission: Good news for central govt employees, new pay hike from April

7th Pay Commission: Good news for central govt employees, new pay hike from April

Finance ministry has reportedly set a panel to take a final call on demands of these employees by April this year.

Feb 22, 2018, 20:32 PM IST

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