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SEBI diktats cause unease in markets, brokers petition Finance Ministry

SEBI diktats cause unease in markets, brokers petition Finance Ministry

🕔10:38, 2.Aug 2020

New Delhi, Aug 2 The Finance Ministry may soon have a decision to make, whether to encourage retail investors participation in the stock market through direct trading or to discourage them as seems to be the case with recent diktats on

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Full Rs 1.65 lakh cr GST compensation for FY20 given to states

Full Rs 1.65 lakh cr GST compensation for FY20 given to states

🕔07:08, 28.Jul 2020

New Delhi, July 28  In a bid to provide further relief to states amid the coronavirus outbreak, the Finance Ministry has released Rs 13,806 crore as compensation for March 2020 for the states’ revenue loss in the goods and services

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Govt wants PSUs to trigger change in investment climate hit by Covid

Govt wants PSUs to trigger change in investment climate hit by Covid

🕔07:15, 24.Jul 2020

New Delhi, July 24  Government has asked Public Sector Undertakings (PSUs) to complete all their planned capex for FY21 on time and become vehicles of growth for the economy hit by the coronavirus pandemic. With private investment on a standstill,

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Govt ready with incentives, development schemes to boost manufacturing in India

Govt ready with incentives, development schemes to boost manufacturing in India

🕔18:45, 23.Jul 2020

New Delhi, July 23  Government will soon come out with new stimulus packages to boost manufacturing in the country, a senior official of the Finance Ministry said on Thursday. This would be in addition to Rs 20 lakh crore economic

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Govt, industry can together take FinTech to next level: Official

Govt, industry can together take FinTech to next level: Official

🕔09:40, 25.Jun 2020

New Delhi, June 25  India Inc should brainstorm and work jointly with the government for taking ‘FinTech 2.0’ to the next level, a top Finance Ministry official said on Wednesday. Additional Secretary, Investment and IER, in Department of Economic Affairs,

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Govt releases Rs 36,400 cr as GST compensation to states for Covid-19 expenditure

Govt releases Rs 36,400 cr as GST compensation to states for Covid-19 expenditure

🕔07:15, 5.Jun 2020

New Delhi, June 5  In a bid to provide further relief to states amid the coronavirus outbreak, the finance ministry has released Rs 36,400 crore to states as compensation for their revenue loss in the goods and services tax (GST)

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Cash handout to poor, workers if situation evolves: FinMin sources

Cash handout to poor, workers if situation evolves: FinMin sources

🕔17:32, 29.May 2020

New Delhi, May 29  The government may consider direct cash transfers to the poor and migrant labourers if the current crisis deepens and a situation evolves where this exercise emerges as the best solution, a top Finance Ministry source said

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Niti Aayog CEO suggests customs reforms to Finance Ministry

Niti Aayog CEO suggests customs reforms to Finance Ministry

🕔17:30, 29.May 2020

New Delhi, May 29 Niti Aayog has recommended to the Finance Ministry the setting up of a National Trade Network (NTN) on the lines of GSTN to facilitate import and exports and flagged negative interventions at the field level where customs

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No GST exemption to help businesses fight Covid-19 disruptions

No GST exemption to help businesses fight Covid-19 disruptions

🕔12:08, 24.May 2020

New Delhi, May 24  The Finance Ministry has ruled out GST waiver or deference to businesses as part of the economic relief package to help them cope with the situation arising in the wake of Covid-19 pandemic and the resultant

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Relief for NRIs and foreign visitors on residency status amid lockdown

Relief for NRIs and foreign visitors on residency status amid lockdown

🕔07:00, 9.May 2020

New Delhi, May 9  The Finance Ministry on Friday announced relief to those who have been facing difficulty with the status of their residency in India under the provisions of the Income Tax Act, due to lockdown and suspension of

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Transactions using Aadhar-enabled payment system doubles during lockdown

Transactions using Aadhar-enabled payment system doubles during lockdown

🕔06:58, 5.May 2020

New Delhi, May 5  Digital technology has helped in a big way to enable provision of banking services at the grassroots level during the period lockdown, the Finance Ministry said on Monday. This can be gauged from the popularity of

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ITR forms being revised for benefits of timeline extension

ITR forms being revised for benefits of timeline extension

🕔19:12, 19.Apr 2020

New Delhi, April 19 The Finance Ministry on Sunday said that the Central Board of Direct Taxes (CBDT) is revising the income tax return (ITR) forms for FY 2019-20 (Assessment Year 2020-21) which will be notified by the end of this

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Economic package focussing on SMEs may be announced soon

Economic package focussing on SMEs may be announced soon

🕔11:30, 15.Apr 2020

New Delhi, April 15  The next set of stimulus measures from the government will have a clear focus on concerns of SME segments that have been hit hard due to Covid-19 outbreak and resultant nationwide lockdown. Sources in the government

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Govt payment systems essential services, to work on: FinMin

Govt payment systems essential services, to work on: FinMin

🕔09:33, 24.Mar 2020

New Delhi, March 24  The Finance Ministry has issued an office memorandum to ensure smooth functioning of government expenditure system during the operation of preventive measures to contain the spread of Covid-19. It has said that as the expenditure functions

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FinMin may use more CMBs in FY21 to meet debt obligations

FinMin may use more CMBs in FY21 to meet debt obligations

🕔19:05, 12.Jan 2020

New Delhi, Jan 12 (IANS) The government is likely to opt for auctioning of more cash management bills (CMBs) to meet the debt obligations of government bonds in the next fiscal standing at Rs 3.02 lakh crore to avoid putting pressure

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FinMin notifies GST grievance redress panel for tax payers

FinMin notifies GST grievance redress panel for tax payers

🕔06:29, 26.Dec 2019

New Delhi, Dec 26  The Finance Ministry on Wednesday notified setting up of a GST grievance redress committee at zonal/state level after it was approved in the last GST Council meeting this month. The Council in its 38th meeting held

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PSBs disburse Rs 81,781 cr credit in phase I outreach: FM

PSBs disburse Rs 81,781 cr credit in phase I outreach: FM

🕔07:40, 15.Oct 2019

New Delhi, Oct 15  Public sector banks disbursed Rs 81,781 crore, including new term loans of Rs 34,342 crore during the first phase of the Customer Outreach Initiative from October 1-9 and sanctioned Rs 39,068 crore to NBFCs from September

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FinMin to start pre-Budget, Revised Estimates meetings Oct 14

FinMin to start pre-Budget, Revised Estimates meetings Oct 14

🕔07:15, 3.Oct 2019

New Delhi, Oct 3  The Finance Ministry will start pre-Budget and Revised Estimates meetings from October 14 to November’s first week, an official notification of the ministry said on Wednesday. “The pre-budget/RE meetings will begin on the 14th October 2019.

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Government hopeful on FPIs returning post-tax rollback

Government hopeful on FPIs returning post-tax rollback

🕔07:00, 3.Sep 2019

New Delhi, Sep 3  The government is in a waiting mode to see the impact of its recent measures to reverse the economic slowdown and is hopeful of Foreign Portfolio Investors (FPIs) returning to the Indian equity market in September

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Sectoral policy intervention in works, no fiscal stimulus

Sectoral policy intervention in works, no fiscal stimulus

🕔10:31, 19.Aug 2019

New Delhi, Aug 19  The Finance Ministry is holding back-to-back discussions with the Prime Minister’s office and the Reserve Bank of India to come out with a sectoral policy package at the earliest but sources rule out any fiscal stimulus

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