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Ministry of Finance News
Ministry of Finance
Govt to borrow Rs 4.88 lakh cr in first half of FY21: DEA Secretary Atanu Chakraborty
Tue, Mar 31, 2020
Government will borrow Rs 4.88 lakh crore in the first half of fiscal 2020-21 starting April 1 to shore up resources amid a war it is wagging to contain economic fallout of coronavirus pandemic, DEA Secretary Atanu Chakraborty said on Tuesday
Financial year 2020 changed due to coronavirus lockdown? Fake news? Here is TRUTH
Tue, Mar 31, 2020
The Finance Ministry said that a notification has been issued by the Department of Revenue, Ministry of Finance on 30th March 2020 which relates to certain amendments to the Indian Stamp Act.
FinMin, DoT, Niti Aayog discuss options for relief to telcos
Mon, Feb 24, 2020
Department of Telecommunications, the Finance Ministry and Niti Aayog on Sunday held a preliminary meeting to discuss relief measures for telecom industry, which is struggling amidst huge AGR dues.
Lottery! Show your GST bill and win up to Rs 1 crore; here is how
Tue, Feb 11, 2020
Lottery: The bill will have to be uploaded on the GST portal to participate in the Lottery which has a prize on offer of up to Rs 1 crore.
SBI Alert: Big move by Modi Government! State Bank of India to sell electoral bonds ahead of Delhi Assembly Elections 2020
Sat, Jan 11, 2020
SBI Alert: Just ahead of Delhi Assembly Elections 2020, the Narendra Modi Government has entrusted State Bank of India (SBI) to sell Electoral Bonds from 13th January 2020 to 22 January 2020.
PPF account holder? Your Public Provident Fund account has changed, check top 5 changes and their impact
Tue, Dec 24, 2019
PPF New Rules: Earlier, a PPF account holder was allowed to invest money only 12 times in a year. Now, this maximum number of investments cap in PPF account has been abolished.
Have savings account in bank, but did not maintain minimum balance? Hefty fines imposed
Tue, Nov 26, 2019
Savings account minimum balance penalty: PSU banks have a rule in regard to maintaining minimum balance that a savings account holder must keep and avoid a penalty.
Ministry of Finance working on to give full amount to PMC Bank customers
Wed, Oct 30, 2019
Ministry of Finance is working on to give the full amount to PMC Bank customers. Watch this video to know more.
Income Tax Return (ITR) filing ALERT! Last date extended to August 31, 2019 in big relief for taxpayers!
Tue, Jul 23, 2019
Income Tax Return (ITR) filing: The decision was announced by Finance Ministry via their Twitter account.
Public sector banks have been recapitalised to the extent of Rs 3.19 lakh crore: Fin Min
Tue, Jun 25, 2019
Steps have been taken by the Government to improve the conditions of banks under it's 4R strategy of recognising non performing asset (NPA), Finance Ministry said in a statement.
First Cabinet meet under Modi 2.0: Union Budget to be presented on July 5
Fri, May 31, 2019
With the portfolio allocation job over and done with in the morning, the first Cabinet meeting under Modi 2.0 dispensation was held today in New Delhi.
New Rs 5 coin introduced: Check images, features, shape and everything else
Fri, Mar 08, 2019
The front face of the coin will have the Lion Capitol of Ashoka Pillar with the legend 'Satyamev Jayate' in Hindi inscribed below, flanked on the left periphery with the word 'Bharat' in Hindi language and on the right with word “INDIA” in English.
New Re 1, Rs 2, Rs 5, Rs 10, Rs 20 coins launched: Check features, composition, all other details
Thu, Mar 07, 2019
The coins of One Rupee, Two Rupees, Five Rupees, Ten Rupees and Twenty Rupees shall also be coined at the Mint for issue under the authority of the Central Government, said the finance ministry.
In a first, Rs 20 coin launched by PM Narendra Modi: Features, shape, and all other details you want to know
Thu, Mar 07, 2019
Rs 20 Coin: National Institute of Design has prepared the design of the coins while Security Printing and Minting Corporation of India Limited and the Ministry of Finance played the key role in the introduction of new coins.
Where is Black Money? Report reveals this location, two years after demonetisation
Fri, Feb 22, 2019
Contrary to the popular belief, reports of three studies commissioned by the government say that 90-97.2% of the black money is inside the country while only 2.8-19% has been taken out of the country.
Budget 2019 expectations: No tax on health insurance, revise 80D limits under IT Act
Thu, Jan 24, 2019
Health insured working in a SME or MSME should be given tax waiver as the taxes make insurance costlier that a common man may not be able to afford.
Budget 2019 may bring a reason for big cheer to farmers: What Modi-Jaitley may announce - 'Universal Income Scheme'
Mon, Jan 21, 2019
Finance minister Arun Jaitley may come out with a surprise move with the announcement of the universal income scheme in the interim budget, which may cost the exchequer as much as Rs 3.1 lakh crore annually.
Budget 2019 expectations: MSMEs want 30 per cent investment allowance from Modi government - Will they get?
Tue, Jan 08, 2019
Rajeev Chawla, Chairman, IamSMEofIndia — a platform that fights for the cause of the MSMEs in India — told Zee Business online, "The Indian government is giving Income Tax exemption up to 30 percent to those firms which have an annual turnover of Rs 25-crore or above.
GST evasion of Rs 12,766 cr detected in April-November
Wed, Dec 19, 2018
A total of 3,196 cases of Goods and Services Tax (GST) evasion amounting to Rs 12,766 crore have come to light in the first eight months of the current financial year, the Ministry of Finance said on Tuesday.
Alert! Banks will remain closed for six days in September? Here's the truth
Sat, Sep 01, 2018
Banks alert: Don't fall to social media rumours claiming that banks will remain closed for the first six days of this month starting today