Finance Ministry

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Finance Ministry - Total results - 1040
Coronavirus Outbreak: Piyush Goyal hears out industry reps, says FinMin will take 'balanced, nuanced approach' to issues
Business

Coronavirus Outbreak: Piyush Goyal hears out industry reps, says FinMin will take 'balanced, nuanced approach' to issues

Union Minister Piyush Goyal on Thursday told trade and industry representatives that all their issues and feedback are being forwarded to the finance ministry, which he says will take a "balanced and nuanced approach" to their problems in view of coronavirus situation

Coronavirus Outbreak: : Finance ministry imposes expenditure restrictions on non-essential heads
Business

Coronavirus Outbreak: : Finance ministry imposes expenditure restrictions on non-essential heads

The finance ministry on Wednesday imposed spending restrictions on various ministries and departments in view of revenue constraints caused by the COVID-19 crisis

Coronavirus Outbreak: Finance ministry allows states to borrow Rs 3.20 lakh cr from market
Business

Coronavirus Outbreak: Finance ministry allows states to borrow Rs 3.20 lakh cr from market

The Finance Ministry has allowed all states to borrow a cumulative Rs 3.20 lakh crore from the market between April-December

Coronavirus Outbreak: Centre releases Rs 14,103 cr GST compensation to states; more to be released soon
Business

Coronavirus Outbreak: Centre releases Rs 14,103 cr GST compensation to states; more to be released soon

In a bid to provide further relief to states amid the coronavirus outbreak, the finance ministry has released about Rs 34,000 crore in two phases to states as compensation for their revenue loss in the goods and services tax (GST) regime

Mega PSU bank merger marks new dawn for Indian banking space: Finance ministry
Business

Mega PSU bank merger marks new dawn for Indian banking space: Finance ministry

The biggest-ever consolidation exercise in the public sector banking space effected on Wednesday will mark a new dawn for the Indian banking sector, the Finance Ministry said on Wednesday

GST mop-up slips below Rs 1 lakh cr-mark first time in four months, March collection at Rs 97,597 cr
Business

GST mop-up slips below Rs 1 lakh cr-mark first time in four months, March collection at Rs 97,597 cr

GST collections in March slipped below the psychological Rs 1 lakh crore-mark for the first time in four months to Rs 97,597 crore as COVID-19 lockdown that shut most businesses compounded tax collections in an already sluggish economy

Coronavirus Outbreak: Govt extends validity of lower withholding tax orders by three months till 30 June
Business

Coronavirus Outbreak: Govt extends validity of lower withholding tax orders by three months till 30 June

The Finance Ministry on Tuesday extended the validity of all lower withholding tax orders by three months till 30 June in view of hardships caused due to COVID-19 pandemic

Coronavirus Outbreak: Govt orders banks to remain open during lockdown, ensure welfare cash schemes to beneficiaries
Business

Coronavirus Outbreak: Govt orders banks to remain open during lockdown, ensure welfare cash schemes to beneficiaries

On Sunday night, State Level Bankers’ Committee of West Bengal issued an advisory to all the banks in the state to remain operational on all working days.

Finance ministry, RBI meeting on Tuesday to decide first-half borrowing plan for FY21
Business

Finance ministry, RBI meeting on Tuesday to decide first-half borrowing plan for FY21

The Finance Ministry and RBI will hold a meeting on Tuesday to decide on the government's borrowing plan for the first half of 2020-21 amid the lockdown to contain the spread of coronavirus

Finance Ministry writes to RBI on coronavirus relief measures, asks central bank to help borrowers cope with damage from outbreak
Business

Finance Ministry writes to RBI on coronavirus relief measures, asks central bank to help borrowers cope with damage from outbreak

Amid the coronavirus pandemic which has infected over 600 people in India, the Union finance ministry has asked the Reserve Bank of India to consider ensuring a string of emergency measures to help borrowers cope with the damage caused by the outbreak.

FM Nirmala Sitharaman on Coronovirus Outbreak: Centre pushes deadline for filing of GST, ITR and waives off ATM withdrawal fee; key takeaways
India

FM Nirmala Sitharaman on Coronovirus Outbreak: Centre pushes deadline for filing of GST, ITR and waives off ATM withdrawal fee; key takeaways

Amid coronavirus outbreak, Finance Minister Nirmala Sitharaman announced some micro measures to offer some end-of-the-financial-year relief to citizens, many of whom are currently living under lockdown

Govt says its contractual employees will be paid during period of absence due to coronavirus lockdown
Business

Govt says its contractual employees will be paid during period of absence due to coronavirus lockdown

The Finance Ministry on Monday said contractual employees will be paid even if they are unable to report on duty due to lockdown imposed by authorities

Former RBI Governor Bimal Jalan blames Yes Bank for crisis at private lender; says some steps could have been taken earlier
Business

Former RBI Governor Bimal Jalan blames Yes Bank for crisis at private lender; says some steps could have been taken earlier

Former RBI governor Bimal Jalan has blamed Yes Bank for the crisis at the private lender and said some steps could have been taken earlier as the problems in the bank were visible two-three years ago

Govt mulls up to Rs 12,000 cr rescue plan for aviation sector battered after coronavirus outbreak: Report
Business

Govt mulls up to Rs 12,000 cr rescue plan for aviation sector battered after coronavirus outbreak: Report

The Finance Ministry is considering a proposal that includes the temporary suspension of most taxes levied on the aviation sector, including a deferment of aviation fuel tax, said the sources, who have direct knowledge of the matter.

GSTN glitch: Infosys asked to submit resolution plan in 15 days, Nandan Nilekani to make presentation
Business

GSTN glitch: Infosys asked to submit resolution plan in 15 days, Nandan Nilekani to make presentation

The finance ministry has asked Infosys to provide within 15 days a plan for quick resolution of glitches on the GSTN portal, as it took strong note of the "unresolved" problems and "tardy" progress made over the last two years on multiple issues faced by taxpayers in filing returns

Power Ministry flags concerns over divesting govt stake below 51% in NTPC, PowerGrid; says move not to go down well with investors
Business

Power Ministry flags concerns over divesting govt stake below 51% in NTPC, PowerGrid; says move not to go down well with investors

Earlier, under disinvestment plan, it was proposed to divest government equity below 51 percent of its stake in certain public sector undertakings, including NTPC, PowerGrid and PFC.

Labour ministry keen to retain 8.65% interest rate on employees provident fund deposits for 2019-20
Business

Labour ministry keen to retain 8.65% interest rate on employees provident fund deposits for 2019-20

The labour ministry is keen to retain an interest rate of 8.65 percent paid on provident fund deposits to around six crore subscribers of retirement fund body EPFO for the current financial year, a source said

No instructions to banks to phase out Rs 2,000 notes, says Finance Minister Nirmala Sitharaman
Business

No instructions to banks to phase out Rs 2,000 notes, says Finance Minister Nirmala Sitharaman

Banks have started dispensing more of Rs 500 notes than Rs 2,000 denomination notes, a move seen as gradual phasing out of the high denomination currency note

With revenues falling, taxman rakes up three-year-old demonetisation cases; about 15,000 jewellers sent tax demands
Business

With revenues falling, taxman rakes up three-year-old demonetisation cases; about 15,000 jewellers sent tax demands

Tax authorities are within the rights to demand tax on past revenue, which takes time to scrutinise, but it is highly unusual for officials to demand the entire revenue as tax.

AGR concerns: Vodafone Idea urges DoT to grant 15 years for paying dues; seeks tax refund, licence fee cut among measures to tide over crisis
Business

AGR concerns: Vodafone Idea urges DoT to grant 15 years for paying dues; seeks tax refund, licence fee cut among measures to tide over crisis

Vodafone Idea, in a letter to the DoT, the finance ministry and NITI Ayog, said that a GST refund of Rs 8,000 crore can be adjusted against its AGR dues and the remaining amount can be paid in a span of over 15 years.