PM to keep Finance portfolio: Reports

With FM Pranab Mukherjee demitting office to contest the Presidential election, there are indications that the key ministry would be handled by PM.

HC to Centre: File affidavit on PIL against petrol

Bombay High Court directed Centre, Petroleum Min and Finance Min to file affidavit in response to PIL claiming recent petrol price hike was "illegal".

FM, Planning Comm rapped over allocation to PR Min

A Parliamentary panel has criticised the Finance Ministry and the Planning Commission for not making "realistic" allocation for the Ministry of Panchayati Raj.

EPFO fails to fix interest rate; FinMin to decide

The Employees` Provident Fund Organisation failed to
take a decision today on the interest rate to be paid to its
subscribers for 2011-12.

2G: JPC grills Fin Min officials, CAG next in line

The JPC grilled top officials of Finance Ministry for its failure to provide it the controversial March 25 note on 2G.

Railways to seek Rs 2000 cr loan from govt

Reflecting its financial
trouble, Railways is seeking a Rs 2000-crore loan from the Finance Ministry to meet the expenditure of ongoing development projects.

JPC members question non-submission of 2G note

Opposition members in JPC demanded that the Finance Secretary be called before it to
give clarifications.

Committee set up to strengthen ways to curb blackmoney

The committee will consult various stakeholders and submit its report within six months, a statement from the Finance Ministry said today.

`No authentic figures on black money deposits`

The Finance Ministry says it has "no authentic figures" about the quantum of money deposited in Swiss banks.

French Finance Ministry confirms cyber attack

The French Finance Ministry confirms hackers targeted G20 documents.

Track black money-terror link: Par panel to govt

A Parliamentary panel has asked
top officials of the Finance Ministry track the trail of black
money used to fund acts of terror in the country.

Pakistan can`t afford more military offensives: Finance Ministry

US insists Pak to send troops to take on Haqqani network in North Waziristan.

Govt probing 100 overseas deals for tax evasion

The Finance Ministry has begun its maiden investigation into over 100 offshore "financial structuring deals" undertaken by Indian business entities in foreign tax havens to allegedly evade the taxman`s net.

Nitish keeps Home, Personnel, Modi gets Finance

Bihar CM Nitish Kumar on Friday night allocated portfolios to the ministers retaining Home, General Administration, Election, Vigilance and rest of the departments and giving his deputy Sushil Kumar Modi the charge of Finance.

Finance Ministry nod for institute for peace, development

A proposed institute to be set up
in the national capital in collaboration with UNESCO for
promotion of peace and sustainable development in the
subcontinent Monday got the approval of Finance Ministry.

Govt revises tax information exchange treaty

Government has approached 65 countries, to revise a tax information exchange treaty with them to include fresh details while sharing bank-related information of individuals and other entities.

Fin Min rejects plan for 20 IIITs

An ambitious proposal of HRD
Ministry to set up 20 Indian Institutes of Information
Technology (IIIT) could be a non-starter with the Finance Ministry not favouring it during the 11th Plan.

Yarn for bulletproof jackets gets excise, customs relief

The Finance Ministry has exempted a special kind of yarn used to manufacture bulletproof jackets meant for the armed and police forces from
excise and customs duties.

Chidambaram still the Finance Ministry boss!

Old habits die hard! It has been
more than a year since P Chidambaram took over as Home
Minister but for a top banker he is still the boss.

Finance ministry moves for AI-IA demerger: The Times of India

If you can`t fix it, merge it. And if you still can`t fix it, demerge it. This seems to the government`s prescription for Air India and Indian Airlines which were merged in August 2007 despite widespread criticism.