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Finance Ministry

FY24 to end with strong growth performance, macroeconomic stability, reports Finance Ministry

FY24 to end with strong growth performance, macroeconomic stability, reports Finance Ministry

Tue, Nov 21, 2023

Financial flows in the external sector need constant monitoring as they impact the value of rupee and the balance of payments, the report said, adding that a fuller transmission of the monetary policy may also temper domestic demand.

India 360: Government's coffers are filling during the festive season, GST collection increased

India 360: Government's coffers are filling during the festive season, GST collection increased

Thu, Nov 02, 2023

Cover Story: There is bumper demand all around during the festive season, and the government's coffers are getting filled as GST collection is increasing significantly.

India's fiscal deficit at Rs 7.02 lakh crore for April-September this year

India's fiscal deficit at Rs 7.02 lakh crore for April-September this year

Tue, Oct 31, 2023

India's fiscal deficit for the first six months (April-September) of the current financial year was Rs 7.02 lakh crore which works out to 39.3 per cent of the estimate for the whole year, according to government data.

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Raghuram Rajan wants monetary policy panel formed before he departs RBI

Raghuram Rajan wants monetary policy panel formed before he departs RBI

Mon, Aug 01, 2016

The government has yet to appoint a replacement for Rajan, a former International Monetary Fund chief economist whose appointment in 2013 had boosted investor confidence in India`s management of its economy.

7th Pay Commission: You will get all arrears with your August salary!

7th Pay Commission: You will get all arrears with your August salary!

Fri, Jul 29, 2016

It is good news for one crore government employees and pensioners after all. The Government of India on Friday announced to pay its employees arrears arising from implementation of the 7th Pay Commission recommendations in one installment in August salaries.

PSUs will require Rs 99000 crore capital infusion in four years: Nomura

PSUs will require Rs 99000 crore capital infusion in four years: Nomura

Fri, Jul 22, 2016

Out of Rs 22,915 crore infused, the government allocated Rs 7575 crore to State Bank of India.

SIT Black Money Report: Here are other countries with cash transaction limits

SIT Black Money Report: Here are other countries with cash transaction limits

Fri, Jul 15, 2016

Regarding the limits on cash transactions and cash holding the SIT report drew on the examples of countries in which such restrictions have been imposed in order to curb black money. These countries include France, Portugal, Hungary, Slovakia, Czech Republic, Spain, Bulgaria, Belgium, Greece and Italy.

Banking Reforms: 10 lakh employees to go on strike on July 29

Banking Reforms: 10 lakh employees to go on strike on July 29

Wed, Jul 13, 2016

United Forum of Banks Unions, in a notice on Tuesday July 12, 2016 said that nearly 10 lakh employees and officers of public sector banks will go on a nation-wide strike on July 29.

Coal India to spend Rs 3650 crore on share buyback; stock falls

Coal India to spend Rs 3650 crore on share buyback; stock falls

Tue, Jul 12, 2016

The state-run company announced that around 10.89 crore shares will be buyback at Rs 335 per share.

Challenge is to grow in double digits, says new MoS Finance Meghwal

Challenge is to grow in double digits, says new MoS Finance Meghwal

Wed, Jul 06, 2016

Prime Minister shuffled and expanded his ministers on Tuesday June 5, 2016. Jayant Sinha, who was the Minister of State Finance has been moved to Civil Aviation Ministry in the same role and his position at the finance ministry has been filled by Arjun Ram Meghwal.

Finance Ministry defends Shaktikanta Das on allegations of land allocation at below market rates

Finance Ministry defends Shaktikanta Das on allegations of land allocation at below market rates

Tue, Jul 05, 2016

In a post on its Facebook page the spokesperson of the Finance Ministry said that the allegation is totally false and mischievous.

Govt likely to make first round of capital infusion in PSBs within next few weeks

Govt likely to make first round of capital infusion in PSBs within next few weeks

Mon, Jul 04, 2016

The Finance Ministry has finalised plan for the first round of capital infusion for public sector banks and funds would be granted to some of the lenders within next few weeks.

Govt may not cut excise duty on petrol, diesel in near-term

Govt may not cut excise duty on petrol, diesel in near-term

Sun, Jul 03, 2016

Government may not cut excise duty on petrol and diesel in the near-term if it accepts the suggestions made in the approach paper submitted by Chief Economic Adviser for maintaining status quo when oil prices can climb by another $15 a barrel.

571 aspiring startups file applications with DIPP for tax benefits

571 aspiring startups file applications with DIPP for tax benefits

Sun, Jul 03, 2016

Seven have submitted all documents and are eligible for Startup India benefits and tax exemption and 106 have submitted all documents but are not eligible for tax exemptions, Startup India said in its tweet.

News Tonight : Govt may declare to issue seventh pay commission soon

News Tonight : Govt may declare to issue seventh pay commission soon

Tue, Jun 28, 2016

Watch this special segment and get to know more here.

7th Pay Commission: Govt allocates Rs 70,000 crore for its implementation

7th Pay Commission: Govt allocates Rs 70,000 crore for its implementation

Mon, Jun 27, 2016

The Government of India has allocated Rs 70,000 crore for the implementation of 7th Pay Commission for government employees in the Union Budget 2016-17.

Bank mergers likely to happen after SBI consolidation: Finance Ministry

Bank mergers likely to happen after SBI consolidation: Finance Ministry

Sun, Jun 26, 2016

Banks can only make acquisitions when they have financial might which is subdued at the moment due to clean up exercise of balance sheet.

Monetary policy committee rules to be notified in few weeks: Shaktikanta Das

Monetary policy committee rules to be notified in few weeks: Shaktikanta Das

Sun, Jun 26, 2016

Members of the MPC will be appointed for a period of four years and will not be eligible for reappointment.

Finance Ministry sets terms for premature PPF withdrawal

Finance Ministry sets terms for premature PPF withdrawal

Mon, Jun 20, 2016

The Finance Ministry on Monday said subscribers of the Public Provident Fund (PPF) can prematurely close the deposit scheme after completing five years for reasons such as higher education or expenditure towards medical treatment.

Govt imposes 20% export duty on sugar to boost domestic supply

Govt imposes 20% export duty on sugar to boost domestic supply

Fri, Jun 17, 2016

The move comes at a time when prices have surged sharply in various commodities including tomato, wheat and pulses.

Sugar stocks fall after Govt imposes export duty

Sugar stocks fall after Govt imposes export duty

Fri, Jun 17, 2016

Stocks of sugar companies fell over 3% in the Bombay Stock Exchange (BSE) in the morning trade on Friday. The government imposed 20% customs duty on sugar exports to boost domestic supply and check prices which are ruling high at Rs 40/kg.

7th Pay Commission: Committee of secretaries likely to decide on salaries today

7th Pay Commission: Committee of secretaries likely to decide on salaries today

Tue, Jun 14, 2016

The 7th Pay Commission which will give a relief to several central government employees may get green signal on Tuesday, Zee Media Bureau reported.

Arun Jaitley discusses operationalisation of Rs 40,000 crore sovereign wealth fund

Arun Jaitley discusses operationalisation of Rs 40,000 crore sovereign wealth fund

Wed, Jun 08, 2016

Jaitley also launched NIIF website during the second governing council meet of the sovereign wealth fund.

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