Finance Ministry
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Finance Ministry may hold fresh interview for heads of 3 large PSU banks
Dec 14, 2014, 04:33 PM ISTNew Delhi: The Finance Ministry is mulling holding fresh interviews for the top jobs at three large public sectors banks by also inviting candidates from private sector as it looks for talent from a wider
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FinMin: No proposal to ban P-Notes
Dec 12, 2014, 04:43 PM ISTNew Delhi: The government today said it is not considering any proposal to ban Participatory Notes (P—Notes) as part of efforts to check black money.“There is no proposal at present to remove participatory notes in
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States reject Centre's GST Bill, say it does not address their concerns
Dec 12, 2014, 02:19 PM ISTNew Delhi: In a setback to the Centre, states on Thursday rejected the draft goods and services tax (GST) Bill saying it does not address their concerns, particularly on entry tax and taxation of petroleum
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Govt to set up 6 Debt Recovery Tribunals
Dec 11, 2014, 11:57 AM ISTNew Delhi: The government on Wednesday approved setting up of six new Debt Recovery Tribunals (DRTs) to expedite cases pertaining to bad loans.The Cabinet has cleared setting up DRTs in Chandigarh, Bengaluru, Ernakulam, Dehradun, Siliguri
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Cut in gold import duty unlikely before Budget
Dec 04, 2014, 01:51 PM ISTNew Delhi: Any revision in gold import duty is unlikely to take place before the Budget and there is no proposal as of now to reduce the 10 per cent duty, a Finance Ministry official
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Finance Ministry hopeful of 5.4-5.9 per cent growth this year
Nov 29, 2014, 08:13 AM ISTNew Delhi: The Finance Ministry expects the economy to record a growth rate of 5.4-5.9 per cent this year as it said 5.3 per cent second-quarter GDP expansion is on expected lines."The growth in the
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SIT to submit 2nd report on black money by month end: Finance Ministry
India | Nov 25, 2014, 10:48 PM ISTNew Delhi: The Special Investigation Team (SIT), probing black money, will submit its second report to the Supreme Court by month end, the Rajya Sabha was informed today.SIT, constituted by the government on Supreme Court
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Finance Ministry to start budgetary exercise from today
Nov 04, 2014, 02:57 PM ISTNew Delhi: The Finance Ministry will start the budgetary exercise from today with the Expenditure Secretary meeting various ministries starting with Law and Justice and Information & Broadcasting.The ministry will finalise the revised estimates for
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Finance Ministry to meet top bankers on 'Jan Dhan' programme
Nov 03, 2014, 07:53 AM ISTNew Delhi: The Finance Ministry has called a meeting of the heads of banks on November 5 to review the progress of the Pradhan Mantri Jan Dhan Yojana, government's flagship financial inclusion programme.Department of Financial
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Finance Ministry launches website for Pradhan Mantri Jan Dhan Yojana
Oct 28, 2014, 07:42 AM ISTNew Delhi: The Finance Ministry has launched a dedicated website for Pradhan Mantri Jan Dhan Yojana, government's flagship financial inclusion programme, to help people open bank accounts."The website will provide an easy access to information
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Government to name those having prosecutable case: FM on black money
India | Oct 27, 2014, 10:29 PM ISTNew Delhi: Government will make public names of only those people against whom there is a prosecutable case in connection with tax evasion through offshore accounts, Finance Minister Arun Jaitley said on Monday, amid the
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Government may unveil new Planning body before Winter Session
National | Oct 26, 2014, 01:38 PM ISTNew Delhi: Government is likely to unveil the structure of the new official think tank that would replace the Planning Commission before the forthcoming winter session of Parliament in November."The government may form the new
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Finance Ministry clears 20 FDI proposals worth Rs 988 crore
Oct 25, 2014, 08:12 AM ISTNew Delhi: The Finance Ministry has cleared 20 FDI proposals including 6 in the pharma sector envisaging a total inflow of Rs 988.3 crore.The proposals of Fresenius Kabi Oncology for Rs 119 crore and Amneal
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Finance Secretary Arvind Mayaram shifted to Tourism Ministry
National | Oct 16, 2014, 03:08 PM ISTNew Delhi: In a surprise development, Finance Secretary Arvind Mayaram has been shunted out of the Finance Ministry and given a low profile Ministry of Tourism.In orders issued on Wednesday, Mayaram, a 1978-batch IAS officer
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Jan Dhan account opening target will be met by December-end: Finance Ministry
Oct 16, 2014, 07:38 AM ISTNew Delhi: Finance Ministry exuded confidence that the target of opening 7.5 crore bank accounts under the Pradhan Mantri Jan Dhan Yojana (PMJDY) would be met by December-end."One thing I would like to say that
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No decision on making CAG multi-member body: Finance Ministry
India | Oct 05, 2014, 11:14 AM ISTNew Delhi: No decision has been taken on the suggestion of the UPA government-appointed Shunglu Committee to make CAG a multi-member body, the Finance Ministry has said.The high-level committee, headed by former CAG VK Shunglu,
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Go Green: Finance Ministry asks government departments to curb use of Paper
Aug 24, 2014, 07:19 PM ISTNew Delhi: As part of the green initiative and to cut down on cost, the Finance Ministry has asked government departments to curb use of paper and promote electronic communication. Issuing a set of instructions to
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Black money: India gets 24,000 pieces of secret foreign data
India | Aug 10, 2014, 06:00 PM ISTNew Delhi: In its effort to unearth black money stashed away abroad, India has received data on over24,000 instances of alleged tax evasion and dubious funds which has been detected in foreign shores in the
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FinMin may double tax exemption limit under 80C to Rs 2 lakh
Jul 10, 2014, 08:58 AM ISTNew Delhi: Seeking to boost household savings, the Finance Ministry is considering doubling the exemption limit for investments by individuals in financial instruments to Rs 2 lakh.Presently the investments and expenditures up to a combined
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Fiscal disciplining required to put economy back on track: FM
Jun 15, 2014, 07:52 PM ISTSrinagar: Finance Minister Arun Jaitley today said fiscal disciplining is required to put the economy of the country back on tracks as India has witnessed two successive years of sub-five per cent growth. “At this