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Fiscal deficit in Q1 at 56.1% of Budget estimates for FY'15

Fiscal deficit in Q1 at 56.1% of Budget estimates for FY'15

Last Updated: Thursday, July 31, 2014, 19:31

During the April-June period of 2013-14 fiscal, the deficit was 48.4 percent of Budget Estimates.

Rajya Sabha to discuss Insurance Bill on Monday

Rajya Sabha to discuss Insurance Bill on Monday

Last Updated: Thursday, July 31, 2014, 14:24

The Rajya Sabha is likely to take up for discussion on Monday the Insurance Bill which seeks to hike foreign investment cap in the sector to 49 percent with a rider that management control remains with Indian promoters.

FinMin sets up panel to give more teeth to debt recovery laws

FinMin sets up panel to give more teeth to debt recovery laws

Last Updated: Wednesday, July 30, 2014, 18:34

The Finance Ministry has constituted a panel to give more teeth to the debt recovery laws to effectively deal with wilful defaulters and check bad loans which have soared to Rs 2.40 lakh crore.

DoD for OFS route for disinvestments, want hike in retail quota

Last Updated: Monday, July 28, 2014, 15:12

The OFS is the most preferred route for stake sale and has evoked good response from investors and hence the government has decided to stick to it, sources said.

Govt not to hike import duty on sugar

Last Updated: Friday, July 25, 2014, 17:50

Rejecting the demand to hike import duty on sugar to 40 percent, the Finance Ministry on Friday said the levy will be retained at the existing level of 15 percent.

No proposal to lower gold import duty: FinMin

Last Updated: Friday, July 25, 2014, 16:42

The Finance Ministry on Friday said at present it has no proposal to lower customs duty on gold from the current 10 percent.

Finance Ministry examining Budget proposal to double tax on debt MFs

Last Updated: Wednesday, July 23, 2014, 22:01

The Finance Ministry is examining to tweak the Budget proposal for hiking capital gains tax to 20 percent for debt mutual funds following representation from the industry, Economic Affairs Secretary Arvind Mayaram said on Wednesday.

EPFO may announce interest on PF for 2014-15 next month

Last Updated: Tuesday, July 22, 2014, 23:03

Retirement fund body EPFO may take a decision on rate of interest on PF deposits to be provided for current fiscal to its over 5 crore subscribers, in its trustees meet scheduled next month.

Restrictions on gold imports likely to stay

Last Updated: Tuesday, July 22, 2014, 13:31

Both the government as well as the RBI took a series of steps to curb imports of gold and other non-essential items in addition to increase foreign exchange inflows.

Finance Bill expected to be passed by parliament on July 28

Last Updated: Monday, July 21, 2014, 20:27

The Finance bill, whose passage signals the end of the budgetary exercise, is coming up for discussion in the Lok Sabha on July 24 and 25, Minister of State for Parliamentary Affairs Prakash Javadekar told reporters.

FinMin mulls raising FII investment sub-limit in govt bonds

Last Updated: Monday, July 21, 2014, 19:31

Government is considering hiking the FII investment sub-limit in its bonds to USD 25 billion without disturbing overall USD 30 billion FII debt cap, a top finance ministry official said Monday.

FinMin may tweak proposal to double tax on debt Mfs

Last Updated: Sunday, July 20, 2014, 19:09

Finance Ministry is contemplating to tweak the Budget proposal for hiking capital gains tax to 20 percent for debt mutual fund investors from prospective effect instead of April 1, 2014.