Finance Minister Piyush Goyal

Plea filed against 'Interim Budget' in Supreme Court; petition says Constitution only provides for full Budget or Vote on Account

Within hours of the Interim Budget being presented in Parliament on Friday, a petition was filed in the Supreme Court seeking that it be quashed on the charge that there is no Constitutional provision for an Interim Budget.

Union Budget 2019: No change in Lokpal allocation, funds for CVC marginally increased

There has been no change in the current fiscal's allocation of Rs 4.29 crore for the anti-corruption ombudsman Lokpal during 2019-20,

Piyush Goyal dismisses Congress' claims of increasing Indian deposits in Swiss banks, says it has dropped by 34% since 2014

Piyush Goyal said that contrary to Congress President Rahul Gandhi's assertion that deposits by Indian nationals in Swiss Banks had increased by 50 percent, the actual Indian deposits had gone down by 34 percent

Merit-based GST rate rationalisation possible in next council meet, says finance minister Piyush Goyal

GST council, in its next meeting on 21 July, will discuss ease of filing returns as well as ease of assessment, finance minister Piyush Goyal said

Govt raises threshold limit for filing appeals in tax cases, says finance minister Piyush Goyal

Finance minister Piyush Goyal said the move is to create trust in the tax administration and give relief to honest, small and mid-sized taxpayers

Piyush Goyal says govt open to give more powers to Reserve Bank of India in regulating public sector banks

Following criticism that RBI also has to be blamed for the biggest financial scam in the country--the Rs 13,500-crore PNB scam--governor Urjit Patel had blamed it on the lack of powers the central bank to control the state-run banks

NPA crisis: Sunil Mehta panel backs bad bank plan; to be funded by lenders

The Sunil Mehta committee has backed the government plan for a bad bank to fight the bad loan menace by setting up an asset management company/asset reconstruction company

Finance minister Piyush Goyal expects fiscal deficit to be below budgeted level of 3.3% in FY19

Finance Minister Piyush Goyal has said India will be able to restrict the fiscal deficit below the budgeted level of 3.3 percent of GDP in 2018-19, which has hit 55 percent of the annual target in the first two months of the financial year

Rupee falls to lifetime low: No need for 'knee-jerk' reactions, says finance minister Piyush Goyal

The rupee had on Thursday breached the 69-mark against the US dollar for the first time due to multiple headwinds like weak global cues and inflation concerns. It finally ended at an all-time low of 68.79, slumping 18 paise.

IDBI Bank-LIC stake deal: Bank employees' union asks govt to retain at least 51% stake

Opposing the probable majority stake sale by the government in IDBI Bank to LIC, bank union AIBEA has asked the Centre not to go back on its commitment on the debt-laden bank, and retain at least 51 percent stake