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Home > finance ministry
finance ministry
Finance Minister Nirmala Sitharaman. (Photo: ANI)
Budget 2020: FinMin seeks suggestions for rationalising income tax, other duties
13 Nov 2019 3:10 PM

The move is estimated to result in Rs 1.45 lakh crore in revenue loss for the government during 2019-20.

The ministry said the government has undertaken series of financial sector and other reforms to strengthen the economy as a whole.
FinMin says fundamental of Indian eco robust, reforms to stimulate investments
08 Nov 2019 10:26 AM

Government of India has also proactively taken policy decisions in response to the global slowdown.

According to returns filed by the large corporates to the Ministry of Corporate Affairs, as much as Rs 40,000 crore is due to the MSME sector.
Over Rs 81,700 cr disbursed by banks during 9-day loan mela: FinMin
14 Oct 2019 2:45 PM

FM said that banks have been asked to provide bill discounting facility to the MSME sector against payments due from the large corporates.

The CBDT clarified that as there is no timeline within which option under section 115BAA can be exercised.
Cos opting for new lower tax can't claim MAT credit, other deductions: CBDT
03 Oct 2019 9:19 AM

The section does not provide any timeline for companies to opt for the new regime of lower tax rate.

On salary and allowances, the notice said the post carries the pay scale of Rs 2.25 lakh per month (level 17).
Finmin gets nearly 100 applications for post of RBI deputy governor
19 Sep 2019 3:05 PM

Persons with at least 25 years of work experience in an Indian or international public financial institution could also apply for the post.

Finance Minister Nirmala Sitharaman.
Sitharaman to hold review meeting with public sector banks today
19 Sep 2019 8:51 AM

The finance ministry will also discuss ways in which PSBs can offer doorstep banking facility.

The first set of announcements was made on 23 August that included rollback of the enhanced surcharge imposed on foreign portfolio and domestic investors.
'Blueprint ready': Govt mulling fourth booster dose to revive economy
18 Sep 2019 9:24 AM

Last week, the government announced a slew of measures to boost exports and the real estate sector.

The proposal was sent for the concurrence of the finance ministry.
Over 6 cr EPFO members to get 8.65 pc interest for 2018-19: Labour minister
17 Sep 2019 1:44 PM

At present, the EPFO is settling PF withdrawal claims at 8.55 per cent interest rate.

Former Prime Minister Manmohan Singh.
Centre should take CMs' views on changing Finance Commission's: Manmohan Singh
16 Sep 2019 10:58 AM

Cooperative federalism demands give-and-take, and which is why it is important for the Central Govt to make efforts to consult the states.

The previous two rounds of bank consolidation, will bring down the number of nationalised public sector banks to 12 from 27 in 2017.
Board to soon consider amalgamation with OBC, United Bank: PNB
31 Aug 2019 2:21 PM

The government on Friday unveiled a mega plan to merge 10 public sector banks into four as part of plans.

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