Finmin

Finmin raises serious concerns over Moody's methodology, says agency ignored reform steps

Questioning the methodology adopted by Moody's, Finance Ministry today said the global agency has ignored reforms initiated by the government and it should not wait "till infinity" for them to take root before upgrading the country's sovereign rating.

FinMin approval needed for all new schemes for efficient management of public expenditure

The Expenditure Department said that over the years the Ministries have started operating small and multiple schemes which spread resources too thinly to realise any meaningful outcomes.

FinMin should raise tax holiday for start-ups to 7 years, says Nirmala Sitharaman

The Minister said she would visit different co-work spaces of these new age companies to see the ground picture and infuse fresh energy.

Why Jaitley's threats won't work: All black money is in stock markets & real estate, too risky to touch

Sheer volume of investment in participatory notes (P-notes, estimated at around $43 billion last June) and private equity money flowing into real estate ($1.3 bn in January-June this year) suggests that illegal money held abroad may actually be substantially invested here

FM should not rob oil companies to show a lower deficit

The finance ministry's efforts to force export parity pricing down oil companies throats is a short-cut to a lower fiscal deficit that will damage balance-sheets unnecessarily

Budget 2014: No mindless populism, expect bold decisions, says Jaitley

Indicating that his maiden budget next week will not indulge in 'mindless populism', Finance Minister Arun Jaitley said the government would take bold decisions and pursue path of fiscal prudence to revive economy.