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Finance Ministry News
Taxpayers asked to file Form TRAN-1 by Dec 27 to avail input tax credit
Wed, Dec 13, 2017
The Finance Ministry statement said, "In keeping with the philosophy of voluntary compliance, revision of Form TRAN-1 has also been provided. The last date for revision of TRAN-1 is also 27th December, 2017."
Govt will fully protect public deposits: Arun Jaitley
Tue, Dec 12, 2017
Seeking to allay concerns of depositors over provisions of a draft law, Finance Minister Arun Jaitley today said the government will fully protect public deposits in financial institutions even as he hinted at openness to changes in the proposed FRDI Bill.
Sebi picks 12 companies for forensic audit, other suspected firms get clean chit
Fri, Dec 08, 2017
As many as 12 companies got relief from the Securities Appellate Tribunal (SAT), which then sought details about 36 firms to verify credentials and fundamentals.
FRDI Bill will protect the rights of depositors, says FM Jaitley
Thu, Dec 07, 2017
Apart from giving protection guarantee of Rs 1 lakh to depositors, the FRDI Bill will also look into the rights of uninsured depositors compared to the existing legal arrangements over the unsecured creditors and even government dues.
India says debt rollover risk in next five years low
Tue, Dec 05, 2017
The government bought back 277.67 billion rupees of short-dated securities last week as a part of its debt management operation to reduce risks of bulk payouts next year.
Exporters file over 10,000 applications for GST refunds
Sun, Dec 03, 2017
The Central Board of Excise and Customs (CBEC) had last month started refunds for exporters of goods who have paid IGST and have claimed refund based on shipping bill by filling up Table 6A.
FinMin giving final touches to recap bonds, FM nod likely soon
Wed, Nov 29, 2017
The Department of Financial Services, in consultation with the Reserve Bank of India, has submitted proposals to the Department of Economic Affairs, which is working on the final structure, a government official said, adding that the final structure will be known in the next few days after approval from the finance minister.
India's inflation likely to rise, interest rates won't: Reuters poll
Wed, Nov 29, 2017
The results, from a poll of economists taken over the past week, also found there is a bigger risk the next move is a cut, even though forecasts diverge in three directions starting from the second quarter of next year.
Infra status: Logistics players hail move, see 50 bps savings
Mon, Nov 20, 2017
Leading logistics players have welcomed the government's decision to grant infrastructure status to the industry saying the move will help them raise funds at a lower cost which in turn will help reduce the overall transportation cost.
7th Pay Commission: NAC may not favour employees on minimum pay, fitment factor issue
Mon, Nov 20, 2017
When 7th Pay Commission received in-principle approval from cabinet in June 2017, it was expected to benefit 34 lakh civilian employees and 14 lakh Defence Forces personnel.
Banks asked to prevent defaulters from buying stressed assets
Sun, Nov 19, 2017
As many as 12 accounts each having more than Rs 5,000 crore of outstanding loans and accounting for 25% of total NPAs of banks are being under the Insolvency and Bankruptcy Code process.
7th Pay Commission: Govt to soon hear NAC's recommendation on minimum pay hike
Tue, Nov 07, 2017
Many media reports have stated that the proposal to implement recommendations of 7th Pay Commission has been approved by the Ministry.
Ease of Doing Business: 8 key areas that helped India jump 30 places
Wed, Nov 01, 2017
The World Bank on Tuesday said that India's ranking on the Ease of Doing Business rose 30 spots to stand at 100th position for the first time ever.
Government is planning to ease procedure of availing loans for MSMEs: Sources
Sat, Oct 28, 2017
Post recapitalisation of the PSU banks, the union government is planning to ease the procedure of availing loans for Ministry of Micro, Small and Medium Enterprises (MSMEs), a source aware of the development has told this to Zee Business.
First Installment for recapitalisation of PSU banks will be released in December, sources say
Thu, Oct 26, 2017
The Union Government will start infusing capital into public sector banks (PSBs) from December 2017, a source aware of the development has informed Zee Business. The recapitalisation bond will be cash neutral, the source further said.
RBI chooses inflation over growth, keeps repo rate unchanged
Wed, Oct 04, 2017
RBI has decided to keep key rates unchanged during its bi-monthly monetary policy meeting in Mumbai on October 4, 2017. RBI also revised GVA growth downwards to 6.7% from its earlier projection of 7.3%.
Finance Ministry allows exporters to show Letter of Undertaking in place of bond for GST
Sat, Sep 30, 2017
The Finance Ministry today announced that it will allow exporters to show Letter of Undertaking instead of a bond when exporting of goods or services or both.
Scope for a rate cut by RBI in next policy review, says Finance Ministry
Sat, Sep 23, 2017
The statement comes ahead of the Reserve Bank's bi-monthly monetary policy decision to be announced on October 4.
Arvind Subramanian will continue as CEA for 1 more year: Arun Jaitley
Sat, Sep 23, 2017
The Finance Ministry tweeted quoting Jaitley saying that CEA Arvind Subramanian will continue for one more year after completion of his 3 year tenure.
Real estate is easiest to bring under GST, Arun Jaitley says
Thu, Sep 21, 2017
Jaitley while addressing the 2nd India Investor Summit discussed various issues of Indian economy like inflation, black money, private investment, disinvestment, banks capital requirement and farm loan waiver.