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Rescuing PSBs: TAP PARALLEL BANKING…

Rescuing PSBs: TAP PARALLEL BANKING…

🕔11:43, 21.May 2018

Rescuing PSBs TAP PARALLEL BANKING By Shivaji Sarkar The strength of the Indian economy has been a reliable banking system and the parallel economy. The 11 Public Sector banks (PSB) are suffering from a loss of Rs 31,688 crore and

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PNB fraud: Finance Ministry initiates action against Allahabad Bank CEO

PNB fraud: Finance Ministry initiates action against Allahabad Bank CEO

🕔10:45, 15.May 2018

New Delhi, May 15  The Finance Ministry on Monday started the process of removing Allahabad Bank CEO and MD Usha Ananthasubramanian from her post after the CBI filed a chargesheet detailing her alleged role in the over Rs 13,000-crore Punjab

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Government clears FDI proposals worth Rs 3,250 cr

Government clears FDI proposals worth Rs 3,250 cr

🕔11:36, 11.May 2018

New Delhi, May 11  The Finance Ministry on Friday said it cleared an FDI proposal last month which will bring total foreign investment worth Rs 3,250 crore. The proposal sought Foreign Direct Investment (FDI) in Hindustan Infralog Pvt Ltd, a

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Government confident of meeting fiscal deficit target: Economic Affairs Secretary

Government confident of meeting fiscal deficit target: Economic Affairs Secretary

🕔17:00, 4.Feb 2018

New Delhi, Feb 4  The Finance Ministry is confident of meeting next year’s fiscal deficit target of 3.3 per cent, citing lesser uncertainties ahead, even as it failed to achieve its target for 2017-18. Calling this year’s upward revision of

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GST, World Bank rank, Moody’s upgrade major events of 2017: Ministry

GST, World Bank rank, Moody’s upgrade major events of 2017: Ministry

🕔09:57, 19.Dec 2017

New Delhi, Dec 19 Implementing the GST, the improvement in India’s World Bank ease of doing business rankings, the sovereign rating upgrade by US agency Moody’s and bank recapitalisation all contributed to make 2017 a historic year, the Finance Ministry said

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CBDT notifies simplified one-page ITR form

CBDT notifies simplified one-page ITR form

🕔18:32, 31.Mar 2017

New Delhi, March 31 (IANS) The Central Board of Direct Taxes (CBDT) has notified income-tax return forms (ITR forms), including a one-page simplified ITR Form-1 (Sahaj), which can be used by individuals having income up to Rs 50 lakh. This initiative

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43 budget proposals for 2016-17 implemented : Finance Ministry

43 budget proposals for 2016-17 implemented : Finance Ministry

🕔22:25, 1.Feb 2017

New Delhi, Feb 1 (IANS) Of the 107 social schemes and welfare programmes announced in the Union Budget for 2016-17, 43 were implemented and 4 partially implemented by the ministries concerned, work on 59 was in progress while one was dropped,

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Additional Rs 2,070 cr cleared for Char Dham project

Additional Rs 2,070 cr cleared for Char Dham project

🕔10:22, 26.Jul 2016

New Delhi, July 26  The Finance Ministry has given an in-principle approval to provide additional funds up to Rs 2,070 crore in the current financial year for the government’s Char Dham programme, parliament was told on Monday.“The Ministry of Finance has

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Fund donation to AIIMS made tax free

Fund donation to AIIMS made tax free

🕔08:06, 20.Oct 2015

New Delhi, Oct 20  The finance ministry has declared fund donation to the All India Institute of Medical Sciences (AIIMS) as tax-free to encourage more donors in the country for the apex health institution, a statement said on Monday.Accordingly to

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Deadline for filing tax returns extended till September 7

Deadline for filing tax returns extended till September 7

🕔10:49, 3.Sep 2015

New Delhi, Sep 3  The Finance Ministry on Wednesday said the last date for filing income tax returns has been extended till September 7, thus extending the earlier deadline of August 31.“Due date for filing Income Tax return extended till

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Rules for valuation of black money abroad notified

Rules for valuation of black money abroad notified

🕔10:41, 4.Jul 2015

New Delhi, July 4  The finance ministry on Friday notified rules for calculating income and assets abroad under the Undisclosed Foreign Income and Assets Bill. The bill providing for heavy penalties for stashing away black money in foreign accounts came

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Finance ministry calls meeting of bank heads on April 28

Finance ministry calls meeting of bank heads on April 28

🕔12:50, 20.Apr 2015

New Delhi, April 20  The finance ministry has called a meeting of public sector bank chiefs on April 28 for planning implementation of large projects, a release said here on Sunday. The meeting has been called in view of the

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Finance ministry lauds rate cuts, nudges rating agencies

Finance ministry lauds rate cuts, nudges rating agencies

🕔12:58, 4.Mar 2015

New Delhi, March 4 The finance ministry welcomed the interest rate cuts announced by the Reserve Bank of India (RBI) Wednesday and said it was a vote of confidence on the steps taken by the government on fiscal consolidation and

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Finance ministry launches new FIPB website

Finance ministry launches new FIPB website

🕔11:32, 18.Feb 2015

New Delhi, Feb 18  The Finance Ministry launched an upgraded and secure user-friendly website for filing and processing of applications for foreign direct investment (FDI) requiring government approval. “With the introduction of the new website (fipb.gov.in), applicant will have to

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‘Ordinance will improve insurance accessibility in rural areas’

‘Ordinance will improve insurance accessibility in rural areas’

🕔09:48, 29.Dec 2014

New Delhi, Dec 29  A day after President Pranab Mukherjee signed an ordinance to amending the Insurance Act, Finance Ministry said that this would improve insurance accessibility in rural areas in the country. According to the finance ministry, insurance penetration

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Finance ministry releases good governance e-book

Finance ministry releases good governance e-book

🕔11:16, 26.Dec 2014

New Delhi, Dec 26  The union finance ministry released an e-book about its various initiatives including those under the government’s good governance programme, an official statement said. “This provides an easy access to various initiatives including good governance initiatives taken

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Central Planning: REGIONAL VISION CRITICAL…

Central Planning: REGIONAL VISION CRITICAL…

🕔12:05, 25.Aug 2014

Central Planning REGIONAL VISION CRITICAL By Shivaji Sarkar The corridors of power and well-wishers of the economy are wondering what should happen to the Planning Commission. There is no unanimity over making it a titular body and giving the ministries

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