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Tag "ministry of finance"

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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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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Dozens of IRS officers promoted, get new postings

Dozens of IRS officers promoted, get new postings

🕔16:40, 1.Dec 2019

New Delhi, Dec 1 Ensuring smooth and timely career progression of officers of Indian Revenue Service (Customs and Central Excise), the Centre has cleared promotions of 94 officers and posted them to various positions. In its order, the Department of

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Centre to rationalise CSS, Rs 20k cr for new schemes: Expenditure Secretary

Centre to rationalise CSS, Rs 20k cr for new schemes: Expenditure Secretary

🕔16:02, 7.Jul 2019

New Delhi, July 7  In an effort to lower the expenditure, Finance Ministry is considering merger and discontinuation of a few more Centrally Sponsored Schemes (CSS), priortise expenditure to rationalise expenses and has allocated Rs 20,000 crore for some new

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Government cuts interest rates on small savings

Government cuts interest rates on small savings

🕔13:09, 29.Jun 2019

New Delhi, June 29  The government has reduced interest rates of small savings schemes by 10 bps for the July to September quarter. “On the basis of the decision of the government, interest rates for small savings schemes are to

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PSBs infused with Rs 3.19 lakh cr capital in last five years: FinMin

PSBs infused with Rs 3.19 lakh cr capital in last five years: FinMin

🕔09:10, 25.Jun 2019

New Delhi, June 25  Over the last five Financial Years (FYs), public sector banks (PSBs) have been infused with capital to the extent of Rs 3.19 lakh crore, with recapitalisation of Rs 2.5 lakh crore by the government and mobilisation

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FinMin stares at direct tax revenue shortfall by Rs 70,000 cr to Rs 1 lakh cr

FinMin stares at direct tax revenue shortfall by Rs 70,000 cr to Rs 1 lakh cr

🕔17:05, 7.Mar 2019

New Delhi, March 7 (IANS) The government may be staring at higher-than-projected deficit for the current fiscal with country’s direct tax revenue expected to fall short by Rs 60,000 to 70,000 crore over the revised target of Rs 12 lakh crore

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INTERIM BUDGET 2019-20 -BUDGET SUMMARY

INTERIM BUDGET 2019-20 -BUDGET SUMMARY

🕔14:02, 1.Feb 2019

By TN Ashok New Delhi, February 1, 2019 : Interim Finance Minister Piyush Goyal  today presented an Interim Budget 2019-20 full of sops for middle class, senior citizens, salaried class in an evidently pre-election budget that goes all out to

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Highest Ever Growth Of 42% Recorded in Minimum Wages of Labours during last 5 years

Highest Ever Growth Of 42% Recorded in Minimum Wages of Labours during last 5 years

🕔13:37, 1.Feb 2019

During the last 5 years, the minimum wages of labours of all classes have been increased by 42% which is the highest increase so far. While presenting the Interim Budget 2019-20 in Parliament today, the Union Minister for Finance, Corporate

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India now 6th largest economy in the world with high growth

India now 6th largest economy in the world with high growth

🕔13:35, 1.Feb 2019

Under the leadership of the Prime Minister,  Shri Narendra Modi, the country has witnessed its best phase of macro-economic stability, becoming the sixth largest economy in the world from being the 11th in the World in 2013-14. Presenting the Interim

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