Page 4 of Finance Ministry

Central government employees' pension delays: Govt nudges authorities to strictly follow timelines

Pension Rules: Centre announces big measures to address pensioners’ difficulties

The central government has expressed concerns over delays in pension processing for retirees, underscoring the critical need for adhering to…

September 12, 2024 15:07 IST

GST, Finance Ministry, Finance MInister, Industry

FM asks industry to use PLI-like schemes to fast-track investments

The government lost a little over Rs 1 trillion in 2020-21 on account of a cut in corporate taxes.

September 6, 2024 05:30 IST

Finance, Finance Ministry, Capital Expenditure, Economy

Contraction in states’ capex continues, down 17% in April-July

Sensing the resource crunch of the states, the Centre frontloaded tax devolution to states by releasing two instalments amounting to…

September 6, 2024 02:15 IST

Paytm, One 97 Communications, Q3 results, quarter earnings, profit, revenue, EBITDA, loss, payment services, financial services, merchant subscriber base

Paytm gets Finance Ministry nod for ‘downstream investment’ in Paytm Payments Services

With this approval in place, PPSL will proceed to resubmit application for its payment aggregator license.

August 28, 2024 18:34 IST

GDP, GDP growth, economy, consumption, exports, manufacturing, private consumption, improvement, FMCG companies, agriculture sector, government spending

Finance Ministry projects real GDP growth of 6.5-7% for FY25 despite erratic monsoon

Goods and Services Tax (GST) collections have risen due to an expanded tax base and increased economic activity, the report…

August 22, 2024 19:30 IST

Contours of the proposed amnesty scheme

The government has introduced an amnesty scheme under GST laws in the Finance Bill, 2024, aiming to reduce pending cases,…

August 20, 2024 13:33 IST

Finance ministry not keen on capex-linked subsidy for electronics components scheme

This is because officials at the finance ministry believe that there is a risk in supporting the proposals with upfront…

July 15, 2024 10:02 IST

An arbitrary decision

Govt’s new policy on arbitration is short-sighted, needs swift reversal.

June 14, 2024 06:30 IST

A forgotten finance minister

Though KC Neogy resigned from the Union cabinet in April 1950, he was made chairman of the first Finance Commission…

June 13, 2024 06:00 IST

SBI charged Rs 10.68 crore as ‘commission’ from Finance Ministry for electoral bonds

SBI levied transaction and bank charges for at least 30 phases of the sale and redemption of electoral bonds from…

April 5, 2024 11:35 IST

Consumption demand strengthening: FinMin

Rise in household savings necessary for private-sector capital formation, as per monthly review.

March 23, 2024 00:15 IST

fintech india, fintechs in india, gift city, finance ministry, ADB

Govt, ADB ink USD 23 million loan pact to strengthen fintech ecosystem in India

As per the loan agreement, a fintech institute will be set up at GIFT City. The pact was signed by…

March 14, 2024 18:50 IST

Finmin asks PSU banks for comprehensive review of their gold loan portfolio

“We have asked banks to undertake comprehensive review of the gold loan business,” Financial Services Secretary Vivek Joshi told PTI.

March 13, 2024 16:54 IST

Financial Intelligence Unit-India imposed a penalty on Paytm Payments Bank Ltd

Paytm Payments Bank fined Rs 5.49 crore over PMLA violations, says Finance Ministry

FIU-IND, under Ministry of Finance, fined Paytm Payments Bank Rs 5,49,00,000 for PMLA violations due to illegal activities, including online…

Updated: March 2, 2024 10:19 IST

section 43b, income tax act, finance act, msmes, buyers, finance ministry, cmai, clothing manufacturers, cait, traders, delayed payments, iamsmeofindia, nirmala sitharaman

Section 43B(h): Is Finance Ministry revising the new rule for payment to MSMEs within 45 days?

The clause, to be effective from April 1, 2024, disallows expenses to buyers on invoices from micro and small enterprises…

February 29, 2024 12:47 IST

udyam registration, msme jobs, msme employees, monthly economic report, finance ministry, department of economic affairs, nirmala sitharaman, gem portal, eclgs scheme

MSME employee count jumped over 5x since July 2020: FinMin monthly economic report

As of February 26, the total employment reported by Udyam-registered MSMEs was 15.6 crore including 3.89 women employees, as per…

February 26, 2024 11:36 IST

Finance panel holds first meeting

The chairman and other members would hold office from the date on which they respectively assume office up to the…

February 15, 2024 00:15 IST

Karnataka Congress' 'Chalo Delhi' protest at Jantar Mantar: What is the agitation about?

Karnataka Congress’s ‘Chalo Delhi’ protest at Jantar Mantar: What is the agitation about?

The Karnataka government demands that the Centre set right the losses allegedly incurred by the state to the tune of…

February 7, 2024 12:55 IST

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Two-wheeler sales rise 9% in September to over 2 million

Industry-204 min ago

Two-wheeler manufacturers saw a 9% increase in dispatches to dealerships in September, thanks to the cut in GST rates and the start of the Navratri season. Hero MotoCorp, Royal Enfield, TVS Motor, and Bajaj Auto all saw growth in their volumes, with Royal Enfield leading the pack with a 43% surge. However, some demand was held back due to lack of discounts and extended monsoon.

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