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Finance Ministry

Insurance Amendment Bill proposing 100% FDI unlikely in winter session

Insurance Amendment Bill proposing 100% FDI unlikely in winter session

Sun, Dec 08, 2024

Insurance Amendment Bill, which proposes 100 per cent FDI in the insurance sector, may not be introduced in Parliament in the ongoing session, sources said. Some finetuning may be required in the draft Bill after receiving comments from stakeholders, sources said.

Finance Ministry proposes to raise FDI in insurance to 100%

Finance Ministry proposes to raise FDI in insurance to 100%

Thu, Nov 28, 2024

The finance ministry has proposed to amend various provisions of the Insurance Act, 1938, including raising foreign direct investment (FDI) in insurance sector to 100 per cent, reduction in paid-up capital, and provision for composite licence.

Finance Ministry to review efficacy of windfall tax on crude oil and fuel exports

Finance Ministry to review efficacy of windfall tax on crude oil and fuel exports

Thu, Nov 28, 2024

The Finance Ministry would review the efficacy of windfall tax on the export of petrol, diesel and Aviation Turbine Fuel (ATF) as global crude oil prices have stabilised, sources said. Phenomenal profits made by some oil refiners on exporting fuel at the expense of domestic supplies had prompted the government to introduce an export tax on petrol, diesel and ATF in July 2022.

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15th Finance Commission: This Advisory Council Meeting will be different - Here is how

15th Finance Commission: This Advisory Council Meeting will be different - Here is how

Tue, Apr 21, 2020

The Economic Advisory Council of the 15th Finance Commission is all set to meet on 23-24 April, 2020.

Whopping Rs 36,659 cr transferred to 16 cr beneficiaries using DBT during COVID-19 lockdown

Whopping Rs 36,659 cr transferred to 16 cr beneficiaries using DBT during COVID-19 lockdown

Sun, Apr 19, 2020

More than Rs 36,659 crore has been transferred to the bank accounts of 16.01 crore beneficiaries using direct benefit transfer (DBT) between March 24 and April 17 during the lockdown, the finance ministry said on Sunday.

India mulls up to $1.6 billion rescue plan for aviation sector after coronavirus

India mulls up to $1.6 billion rescue plan for aviation sector after coronavirus

Thu, Mar 19, 2020

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

Coronavirus: Anil Singhvi's top 5 tips for government to revive economy

Coronavirus: Anil Singhvi's top 5 tips for government to revive economy

Wed, Mar 11, 2020

Among the measures, Zee Business Managing Editor Anil Singhvi recommends a policy rate cut and lowering of personal income tax to revive consumption

Finance Ministry nod for relief to telcos unlikely

Finance Ministry nod for relief to telcos unlikely

Sun, Feb 23, 2020

The Finance Ministry is unlikely to give consent to any cut in the licence fee and the spectrum usage charges (SUC) for relief to telcos to meet adjusted gross revenue (AGR) dues, due to its own revenue position and economic slowdown.

An action plan of relief for telecom companies

An action plan of relief for telecom companies

Tue, Oct 29, 2019

Watch this video to know about the action plan of relief for telecom companies.

BONANZA! BIG STEP soon by Modi government for stock markets? Here is what you must know

BONANZA! BIG STEP soon by Modi government for stock markets? Here is what you must know

Tue, Oct 29, 2019

A bonanza is in the offing for the stock markets as the Prime Minister's Office (PMO) and the Finance Ministry are working on measures!

Finance Ministry asks CPSUs to clear all dues by Oct 15 - Know TOP POINTS of Nirmala Sitharaman's CAPEX review meeting

Finance Ministry asks CPSUs to clear all dues by Oct 15 - Know TOP POINTS of Nirmala Sitharaman's CAPEX review meeting

Sat, Sep 28, 2019

Union Minister of Finance and Corporate Affairs Nirmala Sitharaman on Saturday held a meeting with Heads of major CPSUs (Central Public Sector Undertakings) to review total Capital Expenditure (CAPEX) by the CPSUs in 2019-20 till now and plan for future CAPEX in current Financial Year.

Finance Minister Nirmala Sitharaman meeting heads of major PSUs to review CAPEX plan - TOP POINTS

Finance Minister Nirmala Sitharaman meeting heads of major PSUs to review CAPEX plan - TOP POINTS

Sat, Sep 28, 2019

Union Minister of Finance and Corporate Affairs Nirmala Sitharaman is holding a meeting with Heads of major CPSUs (Central Public Sector Undertakings) to review total Capital Expenditure (CAPEX) by the CPSUs in 2019-20 till now and plan for future CAPEX in current Financial Year.

FM Sitharaman meets secretaries, financial advisors of key selected ministries on CAPEX Plan: TOP POINTS

FM Sitharaman meets secretaries, financial advisors of key selected ministries on CAPEX Plan: TOP POINTS

Fri, Sep 27, 2019

Union Finance Minister Nirmala Sitharaman on Friday addressed the media after her meeting with Secretaries and Financial Advisors of key selected Ministries

Finance Ministry asks CPSEs to stick to capex plan

Finance Ministry asks CPSEs to stick to capex plan

Fri, Sep 06, 2019

The Ministry and the CPSEs reviewed three areas: Capital expenditure by various CPSEs and ministries where the CPSEs were asked adhere to the expenditure plan and accelerate investment activities.

Desh Ki Baat: Govt withdraws surcharge imposed on long-term and short-term capital gains

Desh Ki Baat: Govt withdraws surcharge imposed on long-term and short-term capital gains

Fri, Aug 23, 2019

On Friday, during a presser at the Finance Ministry, Finance Minister Nirmala Sitharman said that starting ‘Vijay Dashami’ that there’d be ‘faceless scrutiny’ of businesses.

Watch: Key announcements by FM on Indian economy, FPIs, GST and Automobile

Watch: Key announcements by FM on Indian economy, FPIs, GST and Automobile

Fri, Aug 23, 2019

Union Finance Minister Nirmala Sitharaman said on Friday that India is rapidly transforming into a new economy in the globalised world, which calls for strict regulatory compliances by Indian corporates and multinational corporations. Watch this video to know more.

Surcharge imposed on long-term and short-term capital gains withdrawn

Surcharge imposed on long-term and short-term capital gains withdrawn

Fri, Aug 23, 2019

On Friday, during a presser at the Finance Ministry, Finance Minister Nirmala Sitharman said that starting ‘Vijay Dashami’ that there’d be ‘faceless scrutiny’ of businesses.

Will surcharge on long-term and short-term capital gains be withdrawn?

Will surcharge on long-term and short-term capital gains be withdrawn?

Fri, Aug 23, 2019

Will surcharge on long-term and short-term capital gains be withdrawn? Watch more to know.

Tax surcharge on rich: FM Sitharaman, PMO to meet FinMin officials on Saturday

Tax surcharge on rich: FM Sitharaman, PMO to meet FinMin officials on Saturday

Fri, Aug 16, 2019

Sitharaman in Ahmedabad said on Friday that the ministry is still in talks with PMO in reviving financial sentiment.

Rajiv Kumar appointed new Finance Secretary by Modi government as SC Garg replacement

Rajiv Kumar appointed new Finance Secretary by Modi government as SC Garg replacement

Tue, Jul 30, 2019

Modi government on Tuesday appointed Rajiv Kumar as a new Secretary, Department of Financial Services (DFS). Finance Secretary, Kumar is a 1986 batch IAS officer of the Jharkhand cadre.

SEBI chief Ajay Tyagi writes to PMO, finance ministry

SEBI chief Ajay Tyagi writes to PMO, finance ministry

Wed, Jul 17, 2019

Raising concern over its autonomy, the Securities and Exchange Board of India (SEBI) Chairman Ajay Tyagi reportedly wrote a letter to the Prime Minister's Office (PMO) and the finance ministry seeking to have a relook at the Budget 2019 proposal to transfer its surplus funds to the Consolidated Fund of India

Nirmala Sitharaman: Budget boosts investments without compromising on fiscal consolidation roadmap

Nirmala Sitharaman: Budget boosts investments without compromising on fiscal consolidation roadmap

Fri, Jul 12, 2019

The Budget boosts investments without compromising on fiscal consolidation roadmap. Centre`s net tax revenue for 2019-20 is Rs 16.49 lakh crore, which is up by 11.13 per cent over the previous year.

Cabinet Secretary calls meeting to discuss $5 trillion economy vision

Cabinet Secretary calls meeting to discuss $5 trillion economy vision

Sun, Jul 07, 2019

Cabinet Secretary P.K. Sinha has asked various departments of Finance Minsitry for a meeting to discuss the vision, policy intervention, investment and departmental responsibilities towards achieving the target of a $5 trillion economy.

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