Finance Ministry

Race against time! PSU banks form high-level committees to meet merger deadline

Bank Merger: Top management of these banks have also identified the core business areas that will be looked after by the specific teams.

PSU Bank Merger, Bank Merger and Consolidation, Mega Merger Deadline

Modi govt signs 26 advance pricing agreements; software, BPO, engineering services sectors to benefit

Central Board of Direct Taxes: With the signing of 26 advance pricing agreements this year, the total number of APAs signed by the board stands at 297.

Income Tax Day, Tax paying, pleasurable experience, CBDT chairman, Pramod Chandra Mody, Income Tax

Good news! Start-ups can raise capital from abroad without losing control of the company; here’s how

Start-up India: In less than a week, the Modi govt announced two major reliefs for start-ups on the issue of angel tax and by liberalising norms for issuing DVR shares and ESOPs.

Start Up India, DVRs, ESOPs, Differential Voting Right Shares

Narendra Modi to inaugurate Revenue ‘Gyan Sangam’ on June 16 in Delhi

The two revenue collection arms of the central government--the CBDT and CBEC--will jointly hold their annual brainstorming session for the first time later this month which will be inaugurated by Prime Minister Narendra Modi.

Arun Jaitley trashes talk of federal front posing challenge to BJP

Finance Minister Arun Jaitley has dismissed the possibility of any federal front posing a challenge to the BJP, saying a vacuum in the opposition caused by the weakening of Congress cannot be filled by an alliance of regional

India looking at “significant” stressed-assets fund: Jayant Sinha

India is looking to start a "significant" fund that will invest in distressed loans held by lenders, the country's junior finance minister said on Tuesday, as regulators strive to clean-up non-performing loans in the struggli

Finance Ministry, Jayant SInha, assets fund, NIIF, Banks NPA, UPA government

Mumbai airport Customs better than global counterparts: Survey

A Finance Ministry-sponsored survey has revealed that 69 per cent respondents at the Mumbai airport Customs rated their experience as "better or somewhat better" than other international airports.

customs assessment, mumbai airport, customs, finance ministry

Consolidate govt policy; need global-sized institutions: Finance Minister

According to SBI Chairman Arundhati Bhattacharya, with the merger, the balance-sheet size of the bank will soar to Rs 37 lakh crore, from Rs 28 lakh crore currently.

Arun Jaitley, Finance Minister, SBI, consolidate government policy, Bharatiya Mahila Bank

Govt borrowings: FinMin to meet with RBI on March 18

The net borrowing has been targeted at Rs 4.25 lakh crore for the next financial year.

RBI Governor Raghuram Rajan - monetary policy review

Budget 2016: Finance Ministry seeks Twiteratti’s vote to decide focus

In a first of its kind of exercise to gauge the public mood, the Finance Ministry today invited people to vote on Twitter for the group they want the Budget 2016-17 to focus more on farmers, middle class, women or the underpr

twitter trends 2015

RBI policy broadly in line with market expectation: Finance Ministry

Finance Ministry today said Reserve bank's monetary policy is broadly in line with market expectations and the government will unveil fiscal consolidation roadmap in the Budget 2016-17.

rbi

Fin min approves buying 14 lakh new electronic voting machines

Sources in the government said an estimated Rs 1,872 crore would be required in 2016-17 for the new EVMs, but final figures will be available when the EC issues tender.

World Bank to provide $250 million loan for Kosi Basin project

India today signed a $250 million loan agreement with the World Bank for Bihar Kosi Basin Development project, aimed at enhancing resilience to floods and increase agriculture productivity.

As Budget nears, Finance Ministry lays premium on ‘promises met’

As preparations for the Budget for 2016-17 pick up pace, the Finance Ministry today highlighted "the promises met" relating to the last Budget, including those of subsidy and agriculture.

Union Budget 2016, budget 2016, arun jaitley, income tax

RBI asks banks to stop Rs 1,000 notes without security thread

The RBI today said it has received complaints about notes of Rs 1,000 denomination without the security thread being in circulation and has asked banks not to issue them in case these are found.

rbi, bad loan

India, UK to cooperate in infrastructure and financing, check tax evasion

India and the UK today agreed to strengthen their economic cooperation in infrastructure and financial services as they vowed to address cross-border tax evasion and avoidance.

Government’s taxation decision can’t be contested under Bilateral Investment Treaty: Finance Ministry

The new Bilateral Investment Treaty (BIT), which will be used as a model for negotiating and renegotiating investment pacts with countries, will ensure that no decision taken by the government with regard to taxation matters

NTPC Q4 results

Finance ministry, RBI keeps eye on rupee movement; CAD under control: Shaktikanta Das

With the rupee falling to 67.38 against the US dollar, the Finance Ministry today said it, along with the Reserve Bank, is keeping a close watch on the currency movement...

GNA Axles IPO, BSE Sensex

RBI raises shareholding in National Housing Bank

Reserve Bank of India has increased its shareholding in National Housing Bank by contributing Rs 1,000 crore towards the paid capital.

rbi

DBT in kerosene a reform; to help better targeting: FinMin

The government last night said it will roll out Direct Benefit Transfer (DBT) for kerosene from April 1 where the users will buy the cooking fuel at market rate but will get financial support directly in their bank accounts.

Finance Ministry raises monetary limit for filing appeals in tax cases

Seeking to reduce tax litigation by about 50 per cent, the Finance Ministry today raised the monetary limit for filing appeals to Rs 10 lakh in appellate tribunal, and Rs 20 lakh in High Courts.

tax

More room for states: Finance Ministry may ease borrowing limit beyond 3% of GSDP

States will have more room to borrow this financial year with the Ministry of Finance expected to soon approve relaxation of their borrowing limits beyond 3 per cent of Gross State Domestic Product (GSDP), subject to conditio

jyoti structures

Finance ministry wants EPFO to retain 8.75% interest rate for FY16

The Employees' Provident Fund Organisation (EPFO) has provided 8.75 per cent rate of interest on PF deposits for previous two financial years -- 2013-14 and 2014-15.

EPFO

Finance Ministry extends deadline for comments on corporate tax reduction

In a bid to give stakeholders sufficient time to study the plan, the Finance Ministry has extended the deadline to give comments on the roadmap for corporate tax exemption by over three weeks till December 31.

Corporate tax, tax deductions

Finance Ministry aims to set rational target for govt stake sale in FY17 budget

With the fear that disinvestment revenue this fiscal could be less than Rs 30,000 crore as against the ambitious target of Rs 69,500 crore, the finance ministry may determine a rational target for sale of government stake in

Disinvestment target

Finance Ministry mulls allowing more pension funds in equities

The Finance Ministry is considering a proposal to raise investment limit of pension funds in stock markets to 50 per cent and a decision is expected in a short time, PFRDA Chairman Hemant G Contractor has said.

pension

GDP to exceed 7.5%, taxes to fall short of target: Finance Ministry

The total tax revenues are likely to be around Rs 14 lakh crore in the current fiscal, as against the budget estimate of Rs 14.5 lakh crore.

Digital payments, Ratan P Watal, Niti Aayog Principal,  Niti Aayog , Committee on Digital Payments, RBI data, Arun Jaitley
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