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Finmin News

Atal Pension Yojana

11 Aug 2022

APY: Big change in Atal Pension Yojana for taxpayers! Check new rule

The new order issued by FinMin will come into effect from October 1, 2022. Any Indian citizen aged between 18-40 and having a savings account with any bank or post office can apply for the scheme.

18 Jun 2022

Agnipath Scheme: Banks asked to explore job opportunities for 'Agniveers'

The support for "Agniveers" would be provided using already-existing government programmes like Mudra and Stand Up India. It has been decided that banks would look into ways to support "Agniveers".

E-Advance Rulings Scheme

19 Jan 2022

FinMin notifies e-advance ruling scheme, allows filing e-mail application

The scheme enables taxpayers to file their application for advance ruling through e-mail. The move will majorly benefit non-resident assesses in such proceedings.

Finance Ministry

17 Oct 2021

FinMin to seek Cabinet nod for setting up firm to monetise CPSE-owned lands

A special purpose vehicle (SPV) in the form of a company would be set up. The firm will hold these assets which would be monetised to fetch value to the exchequer.

Economic prospects

12 Aug 2016

Economic prospects look bright in near term: FinMin

Indian economy is showing "bright" near-term prospects, but reducing fiscal deficit to 3.5 percent of GDP in 2016-17 is a challenge because of additional liabilities on account of pay revision, the government said.

02 Jul 2016

SBI secures $625 million from World Bank for solar programme

State Bank of India has inked agreements with the World Bank for a USD 625 million (around Rs 4,200 crore) facility to support grid connected rooftop solar programme in the country.

20 Oct 2015

Finmin promises to resolve tax concerns of FPIs

Government on Tuesday promised to address tax concerns of foreign portfolio investors (FPIs) even as it nudged them to set up permanent establishment in the country.

Finance Ministry

19 Apr 2015

Finmin seeks list of wilful bank loan defaulters by month-end

"We have asked banks to provide list of wilful defaulters which is expected in the last week of this month," Secretary Department of Financial Services Hasmukh Adhia told PTI.

23 Mar 2015

FinMin frontloads FY16 borrowing;RBI says huge supply of bonds

As they scotch murmurs of their 'differences' over public debt management, the government today frontloaded its market borrowing for next fiscal with plans to raise Rs 3.6 lakh crore in the first half, even as RBI voiced concern over a "huge supply" of government bonds.

02 Nov 2014

FinMin to start budgetary exercise tomorrow

The Finance Ministry will start the budgetary exercise tomorrow, with the Expenditure Secretary meeting various ministries starting with Law and Justice and Information & Broadcasting.

08 Jun 2014

FinMin shortlists B Sriram, V G Kannan for MD posts of SBI

The Finance Ministry has shortlisted two senior officials of State Bank of India (SBI) for the post of managing directors of the country's largest bank.

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