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Need environment for fintech firms to innovate: Official

Need environment for fintech firms to innovate: Official

🕔17:05, 8.Sep 2020

New Delhi, Sep 8  K Rajaraman, Additional Secretary for Investment and IER in the Department of Economic Affairs, Ministry of Finance, has said that there is a need to create an environment for fintech companies to partner large financial institutions

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Cost cutting: No more new posts in Central ministries, departments

Cost cutting: No more new posts in Central ministries, departments

🕔21:58, 4.Sep 2020

New Delhi, Sep 4 Moving ahead with its cost-cutting measures amid a slowing economy and falling revenues, the Department of Expenditure has banned creation of new posts in all Central ministries, departments and statutory bodies. In an office memorandum on

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FinMin for salary regulation of retired officials working on contract

FinMin for salary regulation of retired officials working on contract

🕔07:35, 17.Aug 2020

New Delhi, Aug 17  The Department of Expenditure, under the Finance Ministry, has come up with draft guidelines for regulation of salaries of retired Central government employees, appointed on contract or as consultants, with the government. The office memorandum with

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PM to launch platform for honouring honest taxpayers

PM to launch platform for honouring honest taxpayers

🕔14:21, 12.Aug 2020

New Delhi, Aug 12 Prime Minister Narendra Modi will launch a platform to honour honest taxpayers on Thursday. The launch of the platform for ‘Transparent Taxation – Honoring the Honest’ will further carry forward the journey of direct tax reforms,

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CBDT notifies modified IT return forms for FY 19-20

CBDT notifies modified IT return forms for FY 19-20

🕔13:05, 1.Jun 2020

New Delhi, May 31 The Central Board of Direct Taxes (CBDT) has notified new Income Tax Return forms for the Assessment Year 2020-21 or the financial year 2019-20. The modifications come in the backdrop of the coronavirus pandemic. In a

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RBI says India’s FY21 GDP growth to be negative

RBI says India’s FY21 GDP growth to be negative

🕔11:46, 22.May 2020

Mumbai, May 22 (IANS) Reserve Bank of India (RBI) Governor Shaktikanta Das on Friday said that the GDP growth rate for the financial year 2020-21 is likely to be in the negative territory due to the severe impact of the coronavirus

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DEA secy Tarun Bajaj nominated to RBI Central Board

DEA secy Tarun Bajaj nominated to RBI Central Board

🕔09:53, 6.May 2020

Mumbai, May 6 Government has nominated Tarun Bajaj, Secretary, Department of Economic Affairs, Ministry of Finance, as a Director on the Central Board of Reserve Bank of India. He replaces Atanu Chakraborty to the position in the Reserve Bank of Indian

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Centre extends validity of Forms 15G, 15H till June 30

Centre extends validity of Forms 15G, 15H till June 30

🕔18:39, 4.Apr 2020

Chennai, April 4 (IANS) The Central government has extended the validity of Forms 15G and 15H submitted by fixed deposit holders during fiscal 2019-20, till June 30, a senior official of the All India Bank Employees’ Association (AIBEA) said on Saturday.

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RBI MPC Cuts Repo Rate By 75 bps, Reverse Repo Rate By 90 bps & maintain accommodative stance

RBI MPC Cuts Repo Rate By 75 bps, Reverse Repo Rate By 90 bps & maintain accommodative stance

🕔10:51, 27.Mar 2020

All retail loans including the EMI are also covered in the moratorium Credit card payment are not covered in the 3 month moratorium. Mumbai, Mar 72 The Reserve Bank of India (RBI) on Friday massively reduced the key lending rates

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Rs 170,000 cr relief package for weaker sections in Covid-19 shadow

Rs 170,000 cr relief package for weaker sections in Covid-19 shadow

🕔14:34, 26.Mar 2020

New Delhi, March 26 The Centre on Thursday announced a Rs 170,000 crore relief package to protect the weaker sections of the society from the economic fallout of Covid-19. Announcing the the measures of relief package, Finance Minister Nirmala Sitharaman

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India likely to go in for a $18bn recovery package

India likely to go in for a $18bn recovery package

🕔12:22, 26.Mar 2020

New Delhi, March 25 (IANS) India is said to be preparing a more than $18 billion recovery and sustainability package for its industries and large workforce in the unorganised sector, industry sources in the know said on Wednesday. Not just putting

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Withdraw cash from any ATM free of charge

Withdraw cash from any ATM free of charge

🕔16:18, 24.Mar 2020

New Delhi, March 24 (IANS) The government has reduced charges for digital trade transaction and ATM cash withdrawals to promote digital financial transactions at the time of COVID-19 pandemic. As per the decision announced by Finance Minister Nirmala Sitharaman, debit card

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Default threshold under IBC raised to Rs 1 cr: Sitharaman

Default threshold under IBC raised to Rs 1 cr: Sitharaman

🕔16:16, 24.Mar 2020

New Delhi, March 24 In a major relief for small and medium enterprises, the central government has raised the threshold for default under the IBC to Rs 1 crore from the current Rs 1 lakh. Addressing the media through videoconferencing

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Govt extends deadline for IT return filing till June 30

Govt extends deadline for IT return filing till June 30

🕔16:11, 24.Mar 2020

New Delhi, March 24 The Union Finance Ministry on Tuesday extended the deadline for filing income tax returns for the financial year 2018-19 till June 30, 2020 in a bid to provide relief amid the coronavirus crisis. Addressing the media

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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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COVID-19: Deadlines for filing GST returns extended

COVID-19: Deadlines for filing GST returns extended

🕔17:47, 23.Mar 2020

New Delhi, March 23  The Ministry of Finance has extended the deadlines for filing returns of goods and services tax (GST) in view of the coronavirus crisis and difficulties faced by taxpayers in meeting the compliance norms. The due date

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Union Cabinet approves Yes Bank reconstruction scheme

Union Cabinet approves Yes Bank reconstruction scheme

🕔16:46, 13.Mar 2020

SBI to invest in 49 % stakes, ICICI bank to invest 100 cr & HDFC board also investing New Delhi, March 13 The Union Cabinet on Friday approved a reconstruction plan for cash-strapped Yes Bank, under which the State Bank

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Ajay Bhushan Pandey to be new Finance Secretary

Ajay Bhushan Pandey to be new Finance Secretary

🕔18:30, 3.Mar 2020

New Delhi, March 3 The Appointments Committee of the Cabinet (ACC) on Tuesday approved the designation of Ajay Bhushan Pandey as the new Finance Secretary. Pandey, currently the Revenue Secretary in the Union Finance Ministry, will replace incumbent Rajiv Kumar.

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Two tax systems give flexibility, widen people’s choice: Rev Secy

Two tax systems give flexibility, widen people’s choice: Rev Secy

🕔06:27, 4.Feb 2020

New Delhi, Feb 4 Stating that most countries have multiple slabs and gradual increase in tax brackets to minimise the scope of under-reporting of income, Revenue Secretary Ajay Bhushan Pandey has said that the new system is simple and gives more

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