Finance Ministry
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Cabinet approves Rs 2.11 lakh crore recapitilisation plan for public sector banks
Business | Oct 24, 2017, 07:20 PM ISTThe Union Cabinet on Tuesday announced an aggressive Rs 2.11 lakh crore capital infusion for the NPA-hit public sector banks (PSBs) over a period of two years.
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Direct tax collections rises 16% to 3.86 lakh crore in April-September: Finance Ministry
Business | Oct 11, 2017, 07:10 PM ISTIndia's direct tax collections for April-September rose 15.8 per cent to Rs 3.86 lakh crore, buoyed by a healthy growth in advance tax mop-up, the finance ministry said.
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File final July GST returns by Tuesday: Government to taxpayers
Business | Oct 09, 2017, 08:35 PM ISTThe government on Monday asked businesses to file final GST returns for the month of July by tomorrow as it ruled out any extension to the due date.
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GST repackaged: Measures announced to ease concerns of traders, rates on 27 items slashed
Business | Oct 07, 2017, 07:28 AM ISTArun Jaitley made the announcements after a day-long 22nd meeting of the GST Council that took note of the difficulties faced by various businesses.
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Markets cautious ahead of RBI policy review outcome; Sensex, Nifty open flat
Business | Oct 04, 2017, 09:58 AM ISTThe fourth bi-monthly monetary policy statement for 2017-18, to be released today, is being keenly awaited by all stakeholders.
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India's April-August fiscal deficit at over 96 pc of target
Business | Sep 29, 2017, 11:04 PM ISTThe 2017-18 deficit -- the difference between revenue and expenditure -- has been pegged at Rs 5.46 lakh crore for 2017-18, as compared to the deficit of Rs 5.34 lakh crore for the last fiscal.
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Government retains interest rate on small savings for Oct-Dec quarter
Business | Sep 30, 2017, 09:26 AM ISTSince April last year, interest rates of all small saving schemes have been recalibrated on a quarterly basis. The RBI is scheduled to undertake monetary policy review on October 4.
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Government keeps option of financial stimulus open
Business | Sep 28, 2017, 10:58 PM ISTIn the discussions for raising capital investments, it also emerged that most of the PSUs have very low or no debt on their balance sheet which is reflected in their low debt to equity ratios.
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Examining reports on black money commissioned by UPA: FinMin
Sep 20, 2017, 04:58 PM ISTFinance Ministry said that it is examining three reports on the quantum of black money held by Indians inside the country and abroad that were commissioned by UPA regime.
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Govt notifies GST cess hike on mid & large cars, SUVs
Sep 12, 2017, 02:57 PM ISTThe Finance Ministry late last night notified the hike in quantum of cess to be levied on cars, following which the new rates came into effect.
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2 lakh shell companies deregistered, their bank ops restricted for illicit fund flows
Sep 05, 2017, 10:00 PM ISTAbout the directors and signatories of the over 2.09 lakh firms, the government said they would not be able to operate bank accounts of such companies till these entities are legally restored
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Finance Ministry sends reports on quantum of black money to Parliamentary panel
Sep 04, 2017, 04:33 PM ISTFinance Ministry has sent three study reports on the quantum of black money held by Indians inside the country and abroad to a Parliamentary panel.
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Arjun Ram Meghwal rules out policy measures to legalise cryptocurrency
Sep 02, 2017, 04:55 PM ISTMinister of State for Finance Arjun Ram Meghwal also sought suggestions for betterment of capital and commodities market by 2020.
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Aadhaar-PAN linkage: Finance Ministry to decide on extension of deadline today
Aug 31, 2017, 08:22 AM ISTFinance Ministry will take a decision tomorrow on extension of the deadline for linking PAN with Aadhaar.
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No plans to reissue Rs 1,000 note, says government
Aug 30, 2017, 06:56 AM ISTThe government does not plan to reintroduce Rs 1,000 notes that were taken out of circulation by the demonetisation of high-value currency last November
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Prepare your wallets for Rs 200 notes, Centre confirms RBI to issue new currency notes soon
Aug 23, 2017, 02:52 PM ISTThe exercise of printing Rs 200 denomination notes is reportedly being undertaken to further improve the currency situation in the country.
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Difficult to achieve high end of 6.75-7.5 pc growth, govt says in mid-year Economic Survey
Aug 11, 2017, 02:01 PM ISTThe Economic Survey cited appreciation of rupee, farm loan waivers and transitionary challenges from implementing GST as the difficulties in achieving the growth levels
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Govt capital expenditure to rise 25 pc to Rs 3.9 lakh cr by FY'20
Aug 10, 2017, 02:24 PM ISTDefence, which accounts for about 30 per cent of the government's capital outlay, will see the spending rise from Rs 91,580 crore in the current fiscal to Rs 1,01,137 crore in the next one and Rs 1,11,706 crore in 2019-20.
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At Rs 1.90L cr, govt sees 19 pc jump in direct tax revenue in April-June
Aug 10, 2017, 12:37 PM ISTThe collection for the April-July period is 19.5 percent of the Rs 9.80 lakh crore target from this segment for the entire 2017-18, the Finance Ministry said
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New Rs 500, 2000 notes have unique dimension: Finance Ministry
National | Aug 08, 2017, 05:53 PM ISTOpposition today forced adjournment of the proceedings in the Rajya Sabha over what it called as the "biggest scam of this century" in the printing of two different sizes for the new currencies.