Page 11 of Finance ministry News: Finance ministry Latest News, Finance ministry Today news, Finance ministry Breaking News

Dearness Allowance amount to calculate Gratuity, Leave Encashment of Central Government pensioners changed!

Gratuity, Leave Encashment Calculation of Retired Central Government Employees: As per Central Civil Services (Pension) Rules 1972, DA on the…

September 10, 2021 12:20 IST

Need to conclude loan guarantee scheme for medical infra in non-metros in time: Nirmala Sitharaman

Observing that increasing the medical capacities in the rural areas as well as tier-II and -III towns are very critical,…

August 31, 2021 19:16 IST

Sovereign Gold Bond Scheme 2021-22 – Series V: Issue price fixed at Rs 4,790/gm; subscription opens on Monday

The government, in consultation with the RBI, also provides a discount of Rs 50 per gram to those investors applying…

August 6, 2021 21:57 IST

Infosys acknowledged technical issues in I-T portal, initial glitches mitigated: FinMin

The portal www.incometax.gov.in had a bumpy start from the day of its launch on June 7 as taxpayers, tax professionals…

July 20, 2021 15:19 IST

Centre borrows, releases Rs 75,000 crore to compensate states for GST revenue shortfall

The Finance Ministry in a statement said the amount released is about half of the Rs 1.59 lakh crore that…

Updated: July 15, 2021 20:24 IST

In contrast, the bad loan ratio of scheduled commercial banks stood at 7.5% as of March 2021, having eased from 8.4% a year before, the RBI said in its latest report in July.

Nirmala Sitharaman Highlights: job benefits, easier loans, tourism booster, more economic relief measures

FM Nirmala Sitharaman Highlights: Union Finance Minister Nirmala Sithraman today announced 8 new economic relief measures. These include job benefits…

Updated: June 28, 2021 18:29 IST

While the average recovery from toxic assets was to the tune of 39% of creditors’ claims until March 2021, in some cases, the haircuts were as high as 95%.

Govt’s capex scheme to augment Indian states’ equitable long-term growth

The scheme comes at an opportune time as it enables the states to cater to their long-term investment needs without…

Updated: June 2, 2021 17:24 IST

SBI Chairman Dinesh Khara explains rolling out RBI’s 5-May SME loan relief measures; ECLGS extended

SBI Press Conference HIGHLIGHTS: The government announced an extension of its Rs 3 lakh crore ECLGS and will also offer…

Updated: May 30, 2021 13:17 IST

GST Council Meet Highlights: Covid-19 relief material, black fungus drug exempted from tax; return filing simplified

GST Council Meet Highlights: The GST Council met today after a gap of over seven months.

Updated: May 28, 2021 23:12 IST

COVID-19 management: Centre releases Rs 8,923 cr to 25 states as grants for rural local bodies

It may be utilised by the RLBs, among other things, for various prevention and mitigation measures needed to combat the…

May 9, 2021 14:31 IST

Finance Ministry relaxes spending norms to boost capital expenditure

Finance Minister Nirmala Sitharaman in the Budget 2021-22 had announced a sharp increase in capital expenditure and provided Rs 5.54…

April 23, 2021 22:04 IST

The trend is accentuated if state-owned banks are excluded. In FY20, for example, of the 49 NIFTY 500 companies that reported losses, 57% of them held their AGMs between September and December.

Companies’ registration up 27% in FY21 to over 1.55 lakh company incorporations

The ministry attributed the growth in registrations to the various policy measures taken by the government to enhance the ease…

April 2, 2021 01:46 IST

GST revenue at record high of Rs 1.23 lakh cr in March; tops Rs 1 lakh cr for 6 months in a row

GST collections grew to a record high of Rs 1.23 lakh crore in March 2021, crossing the Rs 1 lakh…

Updated: April 1, 2021 14:47 IST

In the case of NABFID's other officers are employees, the courts will have to wait for the approval of its managing director.

Don’t read 41% share for states from divisible tax pool as ‘reduction’: FM Nirmala Sitharaman

States’ share coming down to 41 per cent from 42 per cent should not be read as a reduction, the…

February 11, 2021 22:20 IST

Finance Ministry permits 4 states to borrow additional Rs 5,034 cr for undertaking ease of doing business reforms

In a statement, the ministry said four more states namely, Assam, Haryana, Himachal Pradesh and Punjab have undertaken ‘Ease of…

February 6, 2021 21:03 IST

Centre’s Diwali gift: Waives interest on interest for all loans up to Rs 2 crore; check details

The Department of Financial Services of the ministry on Friday issued a circular that laid the guidelines for financial institutions…

October 24, 2020 13:19 IST

Covid relief for MSMEs on anvil: Financial package for small businesses underway, says Nitin Gadkari

Credit and Finance for MSMEs: The government may soon provide much-needed relief to the MSME sector through a financial package…

May 3, 2020 14:38 IST

Covid-19 vaccine: Oxford University to start human trials in UK from thursday

FinMin rubbishes ‘FORCE’ report proposing more income tax, Covid cess; says no one asked their opinion

The Indian Revenue Service Association (IRSA) has submitted a recommendation paper called Fiscal Options & Response to Covid-19 Epidemic (FORCE)…

Updated: April 26, 2020 19:04 IST

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