Finance Ministry
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Mallya effect: Govt tells PSBs to sell guarantors’ assets if firms don't repay debt
Mar 19, 2016, 04:17 PM ISTThe government has now directed all government-owned banks to immediately invoke personal guarantees of promoter directors and reco
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DRI to probe if Rs 34.5 lakh crore flew out of India during UPA rule
India | Feb 16, 2016, 07:50 AM ISTNew Delhi: The Special Investigation Team (SIT) on black money has asked the Directorate of Revenue Intelligence (DRI) to probe if $505 billion (approximately Rs 34.5 lakh crore) were sent out of India during 2004-13,
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7.6% growth amid global turmoil is noteworthy: Finance Ministry
Feb 11, 2016, 01:48 PM ISTNew Delhi: Terming the 7.6 per cent growth projection for current fiscal as "noteworthy and very significant" amidst global turmoil, Finance Ministry today said the government is keeping a close watch on developments and is
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FM Arun Jaitley to inaugurate India Investment Summit on February 4
Feb 02, 2016, 05:53 PM ISTNew Delhi: Finance Minister Arun Jaitley will on February 4 inaugurate the two-day India Investment Summit, which is aimed at attracting long-term foreign investors into the infrastructure sector.During the summit, Jaitley will also unveil the
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Nitin Gadkari expecting to fix Rs 40,000 crore road project issues today
National | Jan 28, 2016, 05:05 PM ISTNew Delhi: The government is hopeful of resolving today issues related to stuck highway projects worth Rs 40,000 crore, and in case some problems still persist then the PMO and the Finance Ministry will look
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'India Investment Summit' to take place in Delhi on Feb 4-5
Jan 28, 2016, 03:21 PM ISTNew Delhi: In order to attract investments in infrastructure sector, the Finance Ministry will organise a two-day India Investment Summit from February 4, which would see the participation of various global investors."India Investment Summit organised
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Government limits foreign travel by bureaucrats to four a year
India | Jan 14, 2016, 08:35 PM ISTNew Delhi: Bureaucrats can go on a maximum four overseas trips in a year, according to a Finance Ministry guideline which says that Secretaries should undertake foreign travels only when no one else can be
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Arun Jaitley to present Union Budget 2016-17 on February 29
Jan 14, 2016, 03:32 PM ISTNew Delhi: Finance minister Arun Jaitley will present the Union Budget for the year 2016-17 on February 29, Minister of State for Finance Jayant Sinha said today.This will be the second full-year budget for the
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Stop being Narad Muni, start being FM: Cong advice to Jaitley
National | Jan 14, 2016, 07:16 AM ISTNew Delhi: “Stop being Narad Muni, start being finance minister” was Congress's advice to Arun Jaitley on Wednesday in response to his criticism that the party leadership and not the party was responsible for the
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No clear info with RBI on Re 1's different title: RTI reply
Jan 12, 2016, 10:16 PM ISTMumbai: The Reserve Bank of India (RBI) does not have a clear guideline regarding the printing of different titles on the currency note of Re 1 and that of other denominations, reply to an RTI
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Finance Ministry rejects Railways request for Rs 32,000 crore
Jan 12, 2016, 10:02 PM ISTNew Delhi: Finance Ministry has rejected the request of Railways for Rs 32,000 crore as revenue grant, sought to tide over the impending impact of the 7th Pay Commission recommendations on the public transporter.In a
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Money laundering: RBI to share banks' inspection report
Jan 05, 2016, 04:38 PM ISTNew Delhi: Bowing down to pressure, the Reserve Bank of India has agreed to share relevant extracts of its banks' inspection reports with a central economic intelligence wing to help it check money laundering and
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Prabhu seeks Rs 32K cr from FinMin to bear Pay Commission burden
Jan 01, 2016, 11:53 AM ISTNew Delhi: Railways has sought a financial grant of about Rs 32,000 crore from the Finance Ministry to tide over the impending impact of 7th Pay Commission recommendations on the public transporter.In a letter to
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Taxman ups 'name and shame' campaign, publishes names of 18 defaulters
India | Dec 30, 2015, 06:15 PM ISTNew Delhi: Taking its 'name and shame' campaign up a notch, the Income Tax (IT) department today published a third list of 18 tax defaulters with their names and addresses among other details. The total dues of
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Govt mulls doubling salaries, allowances of MPs
National | Dec 24, 2015, 11:07 AM ISTNew Delhi: After Aam Aadmi Party (AAP) government, the BJP-led NDA government is mulling to double the salaries and allowances of Members of Parliament (MPs).According to an Indian Express report, the government has proposed increasing
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Indian economy could double to $5 trillion in 10 years: Jayant Sinha
Dec 19, 2015, 10:35 PM ISTNew Delhi: The Indian economy could register an over twofold growth if the current growth rate is sustained, Minister of State for Finance Jayant Sinha said in New Delhi today."If we grow at 7 per
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GST draft model law to be finalised in a month
Dec 15, 2015, 05:03 PM ISTNew Delhi: The draft model law on Goods and Services Tax (GST) will be finalised in a month's time, a top finance ministry official on Tuesday said."We are also working on draft GST model law.
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Indian economy can still grow 8% this fiscal: NITI Aayog VC
Dec 04, 2015, 11:48 PM ISTNew Delhi: Expecting an upward revision of the first quarter GDP numbers, NITI Aayog Vice Chairman Arvind Panagariya today said the Indian economy can still manage an 8 per cent growth rate this fiscal. "I have
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Economy to grow around 7.5% in current fiscal: Finance Ministry
Dec 01, 2015, 12:44 PM ISTNew Delhi: Finance Ministry today expressed hope that the economy will grow in the vicinity of 7.5% during the current fiscal.The Finance Ministry further observed that the growth is being mainly driven by pick-up in
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Why RBI staff is planning to go on a mass leave on November 19?
Nov 12, 2015, 05:28 PM ISTKolkata: Reserve Bank's employees have proposed one-day mass leave on November 19 to protest what they termed as the government's intention to curb the apex bank's activity and intervening into monetary policies.The United Forum of