Finance Minister
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Government clarifies on FPI, experts say benefits limited
Business | Aug 24, 2019, 11:07 PM ISTTax experts said that the clarification has watered down the expected benefits of the government announcement and can make return-filing very complicated. One of them said that the structure is very "ridiculously worked out" as it makes things very complex.
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Big relief for markets as Finance Minister Nirmala Sitharaman rolls back tax surcharge on FPIs
Business | Aug 23, 2019, 07:47 PM ISTThe rollback comes after Indian capital markets witnessed massive outflow of foreign funds in the month of July.
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UP Finance Minister Rajesh Agarwal Resigns Day Before Cabinet Reshuffle
News | Aug 20, 2019, 04:15 PM ISTUP Finance Minister Rajesh Agarwal Resigns Day Before Cabinet Reshuffle
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Highest personal I-T rate in India still lower than in China, US, South Africa
India | Jul 07, 2019, 03:21 PM ISTJustifying raising of tax incidence on the super-rich, the finance ministry said the highest tax rate in India was still lower than many countries, including the US and China, and it was a worldwide phenomenon to ask the super-rich to pay extra tax.
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NBFC crisis has peaked but not ended yet: FM Nirmala Sitharaman
Business | Jul 06, 2019, 07:55 PM ISTFinance Minister Nirmala Sitharaman on Saturday said the non-banking finance company (NBFC) sector crisis has plateaued but not ended yet and her ministry will monitor the emerging situation with the RBI, a day after she announced a slew of measures to address the lending concerns of the NBFCs.
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Interest rates to come down as FM proposes overseas borrowings
Budget | Jul 06, 2019, 12:04 AM ISTIn a bid to lower domestic interest rates, Finance Minister Nirmala Sitharaman has proposed raising a part of the government's gross borrowings from abroad.
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Sovereign bond: Interest rates to come down as FM proposes to raise overseas borrowings
Budget | Jul 05, 2019, 11:59 PM ISTIn a bid to lower domestic interest rates, Finance Minister Nirmala Sitharaman has proposed to raise a part of the government's gross borrowings from overseas.
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Nirmala Sitharaman only 2nd women to present Union Budget
Budget | Jul 05, 2019, 11:24 AM ISTFormer Prime Minister Indira Gandhi was the first and only women till now to have presented the Union Budget. In 1970, she presented the Union Budget of India for 1970-71, after she took over the finance portfolio following the resignation of Morarji Desai as finance minister.
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Budget 2019 LIVE streaming, Budget Speech LIVE Streaming today
Budget | Jul 05, 2019, 12:43 PM ISTBudget 2019: When and where to watch Union Budget 2019 India: Finance Minister Nirmala Sitharaman will present her maiden Union Budget 2019 speech in the Parliament on Friday at around 11 am. Nirmala Sitharaman will be the first woman full-time Finance Minister to present Union Budget in the Parliament.
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Budget 2019-2020: Finance Ministry makes progress in strategic sale of 28 CPSEs
Budget | Jul 04, 2019, 04:08 PM ISTThe Finance Ministry has made progress in the strategic sale of 28 state-owned companies, of which three have already been sold off in the previous fiscal. The Department of Investment and Public Asset Management (DIPAM) had raised about Rs 85,000 crore from CPSE disinvestment in 2018-19
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Government considering giving more powers to RBI to regulate NBFCs: Sitharaman
India | Jul 01, 2019, 04:47 PM ISTReplying to a question, the finance mnister said RBI was closely monitoring the liquidity position of NBFCs and will continue to monitor the activity and performance of the sector with a focus on major entities and their interlinkages with other sectors.
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Markets to be in 'wait and watch' mode ahead of Budget: Analysts
Budget | Jun 30, 2019, 04:13 PM ISTThe Union Budget 2019-20, to be presented later this week, will be the decisive factor for equity markets going ahead and investors are likely to be in a 'wait and watch' mode ahead of the mega event, analysts said.
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Top 10 points about 7th Pay Commission all central government employees should know
Budget | Jul 03, 2019, 05:44 PM ISTTop 10 points about 7th pay commission: The Seventh Pay Commission is an administrative system that is set up by the Government of India to determine the salaries of government employees. Every Pay Commission does its research and then produces its recommendations to the Government of India on the same.
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Govt to celebrate 2nd anniversary of GST on July 1
India | Jun 28, 2019, 04:04 PM ISTThe Government will organise an event on July 1, to celebrate the second anniversary of Goods and Services Tax (GST) roll out, which will be addressed by Finance Minister Nirmala Sitharaman and her deputy Anurag Thakur.
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'Indefinite blockade' on Indo-Nepal border in Bihar cripples trade
India | Jun 26, 2019, 06:11 PM ISTAn 'indefinite road blockade' by residents in Bihar's Jogbani has brought trade between India and Nepal to a halt on the Jogbani Land Customs Station for the past 48 hours. Over 2,000 trucks, including oil and gas tankers, are stranded on either side of the Indo-Nepal border.
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IT Dept issues notices in 380 cases of undisclosed foreign assets of Rs 12,260 cr
India | Jun 24, 2019, 11:16 PM ISTIn a written reply to a question in the Lok Sabha, Nirmala Sitharaman said prosecution has been launched in 68 cases.
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Finance Ministry issues clarification on DoE's order on salary disbursal
India | Jun 22, 2019, 07:01 PM ISTThe ministry cautioned the general public not to circulate the order since it is confidential in nature and may attract punitive actions under applicable legal provisions.
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Market in liquidity defict mode in Q4 of FY19, RBI pumped in Rs 1.12 lakh crore: Finance Ministry
Business | Jun 21, 2019, 10:05 PM ISTMarket liquidity conditions, on an average basis, were mostly in a deficit mode during January-March 2019. The net average liquidity injection by the Reserve Bank under Liquidity Adjustment Facility (LAF) including MSF was Rs 52,364 crore during Q4 FY 19 (Rs 80,077.24 crore during Q3 FY 19).
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Budget 2019: Govt likely to raise income tax exemption threshold to Rs 3 lakh
Budget | Jun 23, 2019, 07:00 AM ISTThe government is considering to increase the personal income tax threshold in Budget 2019-20, according to a Bloomberg report. Budget 2019-20 is set to be presented by Finance Minister Nirmala Sitharaman on July 5.
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Finance Ministry starts twitter quiz on Budget
Business | Jun 18, 2019, 09:16 PM ISTIn order to generate public interest in the Budget, the Finance Ministry has started a quiz series on twitter.