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Finance ministry sanctions Rs 5,223 cr fuel subsidy for IOC, BPCL

May 22, 2015

Finance ministry sanctions Rs 5,223 cr fuel subsidy for IOC, BPCL

The fuel retailers had lost a total of Rs 72,314 crore on selling diesel (up to 17 October), LPG and kerosene at government rates, which were way below cost in 2014-15. #finance ministry #NewsTracker #ONGC #Indian Oil #LPG #Diesel #Kerosene #Hindustan Petroleum #Bharat Petroleum #Oil India #Fuel Subsidy
Sebi ropes in Narayana Murthy to head panel on start-ups

May 21, 2015

Sebi ropes in Narayana Murthy to head panel on start-ups

The norms, which are likely to issued later this month or early next month, will help startup companies raise funds from within India and stop their flight to overseas markets. #RBI #finance ministry #NewsTracker #SEBI #NR Narayana Murthy #Alternative Investment Policy Advisory Committee
Finance ministry to notify Swachh Bharat cess on services later

May 20, 2015

Finance ministry to notify Swachh Bharat cess on services later

Finance Minister Arun Jaitley in his budget announced raising the service tax rate from 12 percent to 14 percent and levying of 2 percent Swachh Bharat cess on all or select services to fund cleanliness drive. #Economy #finance ministry #NewsTracker #Arun Jaitley #Swachh Bharat
Black money case: India to hold direct talks with tax havens

May 20, 2015

Black money case: India to hold direct talks with tax havens

Indian tax authorities and investigators probing black money cases have decided to hold one-to-one meetings with their overseas counterparts based in tax haven nations and other countries to "deepen" cooperation in the fight against illicit funds stashed abroad. #India #Black money #finance ministry #NewsTracker #SIT #Central Board of Direct Taxes
India's strong cash balance behind bond announcement delay: source

May 19, 2015

India's strong cash balance behind bond announcement delay: source

Neither the central bank nor the finance ministry made an announcement on Monday about this week's bond auction, as is usually the case, creating confusion in markets. #finance ministry #NewsTracker #markets #Bond
Essar Group was in touch with ex-finance minister, planted questions in Parl: NGO to SC

May 14, 2015

Essar Group was in touch with ex-finance minister, planted questions in Parl: NGO to SC

Essar Group was allegedly in touch with the then Finance Minister over the issue of Group of Ministers (GoM) constituted by the erstwhile UPA government for clearances on coal allocation issues, an NGO has said in a PIL before the Supreme Court. #India #Essar Group #finance ministry #Supreme Court #CBI #SIT #Centre for Public Interest Litigation #CPIL #GoM
Black money bill passed; Modi govt warns those having illegal assets

May 13, 2015

Black money bill passed; Modi govt warns those having illegal assets

A bill to deal with black money stashed abroad was passed by Parliament today with government warning those having such assets to utilise the 'compliance window' or have sleepless nights once the global automatic information exchange system comes into effect in 2017. #India #finance ministry #NewsTracker #Arun Jaitley #Income tax #Prevention of Money Laundering Act
Oops! 12 BJP MPs hit wrong button in Lok Sabha, vote against Modi sarkar

May 07, 2015

Oops! 12 BJP MPs hit wrong button in Lok Sabha, vote against Modi sarkar

The government on Wednesday faced some embarrassing moments in Lok Sabha as 12 BJP members voted against a clause of the GST Bill, instead of voting in favour. #India #finance ministry #NewsTracker #West Bengal #Trinamool Congress #Arun Jaitley #parliament #GST Bill
Jaitley moves GST bill in Lok Sabha, Opposition walks out in protest

Apr 24, 2015

Jaitley moves GST bill in Lok Sabha, Opposition walks out in protest

The long-pending Goods and Services Tax (GST) Bill was on Friday moved in the Lok Sabha for consideration amid stiff resistance by several Opposition parties, even as Finance Minister Arun Jaitley said it is a "win-win" measure and states have nothing to fear. #Politics #Sonia Gandhi #UPA #Congress #finance ministry #NewsTracker #AIADMK #Arun Jaitley #GST #Standing Committee #NDA
Govt revamps selection norm for non-official directors in PSBs

Apr 01, 2015

Govt revamps selection norm for non-official directors in PSBs

To ensure efficient management of PSU banks and insurance companies, the government has revamped the procedure for appointment of non-official directors and will invite online applications from candidates. #India #PSUs #finance ministry #NewsTracker