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Finance Ministry

No official estimation of black money: Finance ministry informs Rajya Sabha

Responding to the question on official estimation of black money in the country, MoS Finance Anurag Singh Thakur said the government has taken several concrete steps to crack down on black money .

Jul 23, 2019, 15:59 PM IST

After banks, govt may recapitalise PSU insurers prior to restructuring

Sources in the Finance Ministry said that management consultancy firm Ernst & Young (EY) has been shortlisted to advise on restructuring of three general insurers and based on its report, the government may also consider providing capital support to the companies.

Jul 10, 2019, 12:35 PM IST

Union Budget 2019 envisions a 'New India', says FM Nirmala Sitharaman

FM Nirmala Sitharaman on Friday said that the Union Budget 2019 envisions a 'New India' and aims to make the country a USD 5 trilion economy.

Jul 05, 2019, 23:38 PM IST

12 Income Tax officers directed to retire by Finance Ministry

It is to be noted that Rule 56(j) provides for compulsory retirement of government staff in public interest and it has existed for several decades. 

Jun 10, 2019, 22:40 PM IST

No change in annual GST return filing deadline, last date to continue as June 30

Government has made the clarification as the trade and industry have raised certain queries with respect to filing of this Annual return.

Jun 04, 2019, 15:01 PM IST

India's GDP growth rate slumps to 5.8% in fourth quarter

India’s economic growth rate slowed to five-year low of 5.8% in January-March 2018-19, due to poor performance in agriculture and manufacturing sectors, official data released on May 31 said

Jun 01, 2019, 10:18 AM IST

FinMin may look at 10-year tax holiday on rental profits earned by builders

In a recent meeting with senior finance ministry officials, the real estate developers have been asked to suggest steps to address challenges faced by the sector.

May 30, 2019, 10:47 AM IST

PM Modi meets Arun Jaitley, asks him to reconsider decision on not joining government

PM Modi also held a marathon meeting with Bharatiya Janata Party chief Amit Shah which lasted nearly four hours and in which, members of the new council of ministers were discussed.a;lso

May 29, 2019, 22:40 PM IST

Made clear demand to Finance Ministry that unutilised defence budget is not sent back: Nirmala Sitharaman

She was addressing a gathering after releasing reports on indigenous research and development and cyber security, prepared by think tank Vivekananda International Foundation (VIF) here.

Apr 12, 2019, 23:14 PM IST

FinMin seeks EC nod for announcing govt's borrowing calendar for Apr-Sept FY'20

The government in the Budget had proposed to borrow a gross amount of Rs 7.10 lakh crore from the market during 2019-20, higher than Rs 5.71 lakh crore in the current fiscal.

Mar 27, 2019, 11:35 AM IST

Budget 2019: Piyush Goyal arrives at Finance Ministry

Piyush Goyal has arrived at Finance Ministry. He will present interim Budget 2019-20 in the Parliament today. Watch this video to know more.

Feb 01, 2019, 09:38 AM IST

Morning Breaking: Piyush Goyal gets temporary charge of finance ministry

Piyush Goyal was appointed interim finance minister a week ahead of the February 1 interim budget presentation, with Arun Jaitley undergoing surgery in the US.

Jan 24, 2019, 08:06 AM IST

Arun Jaitley unwell, Piyush Goyal gets temporary charge of Finance Ministry ahead of interim budget

Arun Jaitley will be designated as Minister without portfolio during the period of his indisposition.

Jan 23, 2019, 21:28 PM IST

Income tax exemption limit may be raised to Rs 5 lakh; know all about the current tax slabs

Amid reports that the govt may double income tax exemption limit, here's all you need to know about the current tax slabs.

Jan 21, 2019, 22:20 PM IST

Finance Ministry wants PSU banks to bring down govt equity to 52%

Dilution of government stake will help banks to meet 25 per cent public float norms of market regulator Sebi. Some of the public sector banks have government's holding beyond 75 per cent.

Jan 14, 2019, 16:21 PM IST

Direct tax mop up rises 14.1% to Rs 8.74 lakh cr in Apr-Dec 2018

As much as Rs 3.64 lakh crore has been collected as advance tax, which is 14.5 percent higher than the advance tax collections during the same period last year.

Jan 08, 2019, 14:41 PM IST

FinMin allows businesses to claim GST input credit benefit for FY'18 till March 2019

The deadline for claiming input tax credit (ITC) ended on October 25, 2018.

Jan 03, 2019, 16:16 PM IST

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

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

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