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Zoom Developers' saga shows collateral safety is a myth; banks are sitting ducks

Jul 03, 2015

Zoom Developers' saga shows collateral safety is a myth; banks are sitting ducks

Jaitley should hurry on legislating a bankruptcy law; it is critical for the recovery of bank loans in many similar cases #RBI #finance ministry #Vijay Mallya #Loan recovery #Bankruptcy law #Zoom Developers #wilful defaulter #Bank NPAs #Vijay Choudhary
More than its value: RTI query reveals cost of printing a one-rupee note is Rs 1.14

Jul 02, 2015

More than its value: RTI query reveals cost of printing a one-rupee note is Rs 1.14

The cost of printing one rupee note, which was recently re-introduced after a gap of 20 years, is Rs 1.14, more than its value, an RTI query has revealed. #finance ministry #Rupee #One #RBI Governor
Finance ministry assessing capital requirement of public sector banks

Jun 24, 2015

Finance ministry assessing capital requirement of public sector banks

The total government support provided to public sector banks towards capitalisation during the past four years was Rs 58,634 crore. #finance ministry #Arun Jaitley #Allahabad Bank #Punjab National Bank #IDBI Bank #UCO Bank #United Bank of India #Oriental Bank of Commerce #Punjab & Sindh Bank
Simplified income tax returns forms notified: Deadline for filing 31 Aug, Aadhaar number mandatory

Jun 24, 2015

Simplified income tax returns forms notified: Deadline for filing 31 Aug, Aadhaar number mandatory

The new ITRs have replaced the 14-page form that were notified earlier this year, triggering a major controversy with individuals, industrialists and MPs saying tax filing would become cumbersome as those forms had sought details including foreign trips and bank accounts details. #Economy #finance ministry #Aadhaar #PolicyWatch #Income tax #Aadhaar scheme
Now plastic route to plug black money: Govt mulls tax benefits for card payments, cash wallets

Jun 23, 2015

Now plastic route to plug black money: Govt mulls tax benefits for card payments, cash wallets

Government on Monday proposed income tax benefits for people making payments through credit or debit cards and doing away with transaction charges on purchase of petrol, gas and rail tickets with plastic money. #Business #India #RBI #finance ministry #Banking #NewsTracker #Arun Jaitley
Path to 10 percent not impossible, says Finance Minister Arun Jaitley

Jun 20, 2015

Path to 10 percent not impossible, says Finance Minister Arun Jaitley

Noting that a new aspirational India expects early results and decisive governance, Finance Minister Arun Jaitley has exuded confidence that with the government pursuing economic reforms, policy changes, pumping in money in key sectors like infrastructure, along with a good monsoon, the path to 10 per cent growth is not impossible. #finance ministry #NewsTracker #Arun Jaitley #American Enterprise Institute
Govt plans selling 3% stake in BPCL to raise Rs 1,800 cr

Jun 16, 2015

Govt plans selling 3% stake in BPCL to raise Rs 1,800 cr

The finance ministry has moved a cabinet note for inter-ministerial consultations for selling 2.16 crore shares in BPCL through a public offer, official sources said. #finance ministry #NTPC #ONGC #BHEL #Nalco #REC #Bharat Petroleum #Department of Disinvestment #CPSE #Oman Oil #S Varadarajan
Service tax only in AC restaurants; effective rate 5.6%

Jun 09, 2015

Service tax only in AC restaurants; effective rate 5.6%

Restaurants, eating-joints or messes, which do not have the facility of air-conditioning or central-heating in any part of the establishment are exempt from service tax. #Economy #finance ministry #PolicyWatch #service tax #Education Cesses
Oil ministry's gas price premium proposal fails to get FinMin approval

Jun 09, 2015

Oil ministry's gas price premium proposal fails to get FinMin approval

The source said the finance ministry has its comments stated that the premium should be consistent with the October 2014 cabinet decision. #Reliance Industries #finance ministry #NewsTracker #Oil Ministry #ONGC #GAIL #Natural gas #Thailand #CCEA #Gas premium