Finance Ministry

Govt mulls additional Rs 30,000 crore capital infusion in PSU banks

Govt mulls additional Rs 30,000 crore capital infusion in PSU banks

Due to subdued market conditions, banks have been unable to raise enough funds from the markets so far.

Dec 13, 2018, 17:42 PM IST
Finance Ministry says RBI's assessment of economy in line with govt's reading

Finance Ministry says RBI's assessment of economy in line with govt's reading

The government, he said, welcomes the assessment made by the MPC.

Dec 06, 2018, 12:58 PM IST
Centre rejects demand for higher military service pay for 1 lakh personnel; Army to seek review

Centre rejects demand for higher military service pay for 1 lakh personnel; Army to seek review

The Army is reportedly upset with the decision taken by the Finance Ministry and will seek its review.

Dec 04, 2018, 16:19 PM IST
GST refunds worth Rs 91,149 crores settled, Rs 6,053 crore being processed

GST refunds worth Rs 91,149 crores settled, Rs 6,053 crore being processed

In case of IGST refunds, about 95 percent of the total claims have been disposed.

Dec 04, 2018, 10:44 AM IST
Expenditure Secretary AN Jha named new Finance Secretary

Expenditure Secretary AN Jha named new Finance Secretary

Fifty-nine-year-old AN Jha is a 1982-batch IAS officer of Manipur Tripura cadre.

Dec 03, 2018, 22:10 PM IST
FinMin eyes Rs 8,000 cr through CPSE ETF, issue likely by November-end

FinMin eyes Rs 8,000 cr through CPSE ETF, issue likely by November-end

This would be the fourth tranche of the CPSE ETF, which comprises shares of 10 bluechip companies. In the earlier three tranches of the ETF, the government had raised Rs 11,500 crore.

Nov 05, 2018, 14:29 PM IST
IMF says monitoring situation in India; bats for RBI's independence

IMF says monitoring situation in India; bats for RBI's independence

There were reports of mounting tension between the Ministry of Finance and the Reserve Bank of India.

Nov 02, 2018, 09:18 AM IST
FinMin banking on CPSE acquisitions, buybacks to meet FY19 disinvestment target

FinMin banking on CPSE acquisitions, buybacks to meet FY19 disinvestment target

The Finance Ministry is banking on merger and acquisitions among CPSEs and share buybacks by state-run companies to meet the Rs 80,000-crore disinvestment target for the current fiscal.

Oct 19, 2018, 13:19 PM IST
Disagree with reasoning that sexuality is part of free speech, says Arun Jaitley on Section 377 verdict

Disagree with reasoning that sexuality is part of free speech, says Arun Jaitley on Section 377 verdict

Finance Minister Arun Jaitley on Saturday said he did not agree with the portion of the historic Supreme Court judgment decriminalising consensual gay sex.

Oct 06, 2018, 16:36 PM IST
Import duty on 19 products hiked: Check out list of products that will become costlier

Import duty on 19 products hiked: Check out list of products that will become costlier

The enhanced duty rates which will make these imported goods expensive.

Sep 27, 2018, 12:01 PM IST
ACs, refrigerators and washing machines to get dearer as Centre hikes import duty

ACs, refrigerators and washing machines to get dearer as Centre hikes import duty

The Centre's order will be effective from midnight of September 26-27.

Sep 26, 2018, 20:12 PM IST
Under Opposition attack, Centre lists out steps to check decline in Rupee, boost economy

Under Opposition attack, Centre lists out steps to check decline in Rupee, boost economy

PM Modi today chaired a meeting to review declining Rupee and the state of economy.

Sep 14, 2018, 22:35 PM IST
Arun Jaitley denies meeting Vijay Mallya since 2014, says industrialist 'misused' privilege of being Rajya Sabha MP

Arun Jaitley denies meeting Vijay Mallya since 2014, says industrialist 'misused' privilege of being Rajya Sabha MP

Vijay Mallya had claimed that he met FM Jaitley before leaving India in 2014.

Sep 12, 2018, 19:36 PM IST
Banks shut for six days? Finance Ministry clears the air

Banks shut for six days? Finance Ministry clears the air

Rumours have been doing the rounds on social media that banks across the country would remain closed for business in the first week of September.

Aug 31, 2018, 16:20 PM IST
Months after kidney transplant, Arun Jaitley to take charge of Finance Ministry

Months after kidney transplant, Arun Jaitley to take charge of Finance Ministry

The 65-year-old BJP leader had undergone a renal transplant in May this year.

Aug 16, 2018, 07:12 AM IST
Finance ministry to re-balance CPSE ETF, may include new PSUs

Finance ministry to re-balance CPSE ETF, may include new PSUs

The CPSE ETF comprises 10 state-owned bluechips and shares in these companies can be sold only till the government stake in them reaches 55 percent.

Jul 31, 2018, 16:42 PM IST
GST slashed: Sanitary pads, footwear, small TVs among 100 items impacted

GST slashed: Sanitary pads, footwear, small TVs among 100 items impacted

The decision was taken during a meeting of the GST Council, which decided to reduce tax rates on an array of daily use appliances and products. 

Jul 21, 2018, 20:05 PM IST
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

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