Finance Ministry
-
Reversing two months of decline, GST collections rise to Rs 86,703 cr in Dec
Business | Jan 25, 2018, 06:50 PM ISTThe GST collection for the month of July was over Rs 95,000 crore while for August, it was more than Rs 91,000 crore.
-
Union Budget 2018: Why so much distress in agriculture sector and what’s on agenda
Budget | Jan 31, 2018, 04:59 PM ISTAgriculture sector is expected to grow at 2.12% in the current fiscal against 4.1% in the preceding year, according to Central Statistics Office.
-
No minimum balance penalty for first generation bank accounts: Finance Ministry
Business | Jan 24, 2018, 07:46 PM ISTThe penalty became a contentious issue when it was reported that public sector banks collected Rs 2320.96 crore in FY18 by imposing a fine on customers who do not maintain their minimum monthly average balance.
-
Govt unveils details of recapitalisation plans for PSBs, assures customers their money is safe with banks
Business | Jan 24, 2018, 05:51 PM ISTThe Government today announced that it will infuse Rs 2.11 lakh crores in public sector banks to provide them relief from mounting pressures of non-performing assets (NPAs).
-
India to become one of three largest economies in 25 years: Arun Jaitley
Business | Jan 23, 2018, 08:55 PM ISTFinance Minister Arun Jaitley said that India stood as an exception in a world where most countries had started to increasingly look inwards.
-
Union Budget 2018: Know all about important documents, terminologies
Budget | Jan 31, 2018, 07:20 PM ISTWhile tabling the Budget, the Finance Minister tells the country about government’s revenues and expenditures, besides showing how the government plans to use public resources to meet policy goals.
-
Breaching 3.2% fiscal deficit target? What it means
Budget | Jan 31, 2018, 05:00 PM ISTIn the given scenario, analysts say that the fiscal deficit could now rise to 3.5 per cent of the GDP and this slippage means that the expected target for the next fiscal – 3 per cent, will not be adhered to.
-
Union Budget 2018: Govt may hike personal tax exemption limit, tweak tax slabs, say sources
Budget | Jan 09, 2018, 10:34 PM ISTIn the next Budget to be unveiled on February 1, the government could lower tax rate by 10 per cent on income between 5-10 lakh, levy 20 per cent rate for income between Rs 10-20 lakh and 30 per cent for income beyond Rs 20 lakh.
-
GST anti-profiteering: FinMin serves notices to McDonald's franchisee, Lifestyle, Honda dealer
Business | Jan 02, 2018, 11:46 AM ISTThe Revenue Department has sent notices to three entities, including retail shopping outlet Lifestyle International, for allegedly not passing benefit of cost reduction to consumers.
-
Rs 7,961 cr in undisclosed income unearthed by I-T post demonetisation, FinMin informs Parliament
Business | Dec 18, 2017, 06:24 PM ISTMoS for Finance Pon Radhakrishnan said the I-T department conducted searches on around 900 groups between Nov 2016 and March this year, wherein assets worth over Rs 900 crore were seized and undisclosed income of Rs 7,961 crore was admitted.
-
Union opposes govt demand to get additional surplus from RBI
Business | Nov 16, 2017, 06:19 PM ISTThe Reserve Bank had early July transferred Rs 30,659 crore as surplus to government for fiscal 2017, which was almost 50 per cent lower than the previous year.
-
GST Council relaxes return filing norms, slashes late fee
Business | Nov 11, 2017, 01:35 PM ISTTill March, businesses with a turnover of over Rs 1.5 crore will have to file only GSTR-1 or sales returns by 40th day of the end of the month. This will be in addition to initial GSTR-3B returns.
-
Jaitley on 23rd GST Council Meet: '178 items moved from 28% to 18% slab, restaurants flat at 5%; real estate discussion in next meet'
Business | Nov 10, 2017, 07:54 PM ISTEarlier in the day, the GST Council decided to reduce tax rate on a wide range of mass use items - from chewing gums to detergents -- to 18 per cent from current 28 per cent.
-
Scrapping of high-value notes led to multiple benefits: Finance ministry
Business | Nov 06, 2017, 10:52 PM ISTDemonetisation a year ago has helped in flushing out black money, eliminating fake notes and reducing cash in circulation, the finance ministry said on Monday.
-
Govt makes use of Public Finance Management System mandatory for 613 central schemes
Business | Oct 27, 2017, 04:56 PM ISTThe mandatory use of PFMS will go a long way in ensuring that benefits of government schemes reach the last mile, Finance minister Arun Jaitley said.
-
Rs 2.11-lakh crore bank recapitalisation to improve credit, GDP growth: Goldman Sachs
Business | Oct 25, 2017, 05:23 PM ISTThe government, on Tuesday, announced a capital infusion of Rs 2.11 lakh crore in state-run banks over a period of two years.
-
Govt to infuse Rs 2.11L cr into PSBs, more banking reforms to follow: 10 facts
Business | Oct 25, 2017, 10:43 AM ISTThe infusion into PSBs will be based on twin parameters of 'performance and potential', the Finance Ministry said.
-
Modi govt unveils grand plans to spur economy, create jobs, recapitalise banks and more
Business | Oct 25, 2017, 08:23 AM ISTArun Jaitley on Tuesday announced a massive Rs 6.92 lakh crore infrastructure spending and another Rs 2.11 lakh crore for bank recapitalisation to revive investments as well as growth.
-
Cabinet nod to construction of over 83,000 km roads at a cost of Rs 7 lakh crore
Business | Oct 24, 2017, 10:48 PM ISTThe Narendra Modi government on Tuesday approved an ambitious road construction and expansion programme of over 83,000 km over the next five years with an investment of about Rs 7 lakh crore.
-
In Pics: How Arun Jaitley took a graphical approach to explain the roadmap for Indian economy
India | Oct 24, 2017, 10:20 PM ISTArun Jaitley on Tuesday said the Indian economy is on a strong wicket with sound macro-economic fundamentals. He took a graphical approach to explain the achievements of his ministry in the last three years and also to explain the future strategies.