Finance Ministry
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Clear Air India dues, buy tickets in cash: Finance Ministry tells ministries, departments
Business | October 28, 2021 11:01 ISTAs of August 31, Air India had a total debt of Rs 61,562 crore and 75 per cent of this debt or Rs 46,262 crore will be transferred to a special purpose vehicle AIAHL before handing over the loss-making airline to the Tata Group.
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Government may raise over Rs 10,000 Crore via Bharat Bond ETF by December
Business | October 24, 2021 17:20 ISTBharat Bond ETF is an exchange-traded fund that invests in the debt of public sector companies.
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Opportunities in India galore for investors and industry stakeholders: Sitharaman
Business | October 17, 2021 10:33 ISTStartups in India have grown tremendously and many are now raising money through capital markets. This year itself, more than 16 of them will qualify as unicorns, Sitharaman said.
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Banks disburse Rs 7,500 crore under Credit Guarantee Scheme for micro finance institutions
Business | September 29, 2021 19:50 ISTThe scheme was announced by FM Nirmala Sitharaman in June as part of a Rs 6.29 lakh cr package to provide relief to various sectors affected by 2nd wave of COVID pandemic.
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Government to borrow Rs 5.03 lakh crore in second half of FY'22 to fund revenue gap
Business | September 27, 2021 20:37 ISTDuring the first half, the government has raised Rs 7.02 lakh crore by issuing bonds, the finance ministry said in a statement.
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India needs 4-5 more SBI sized banks: FM Nirmala Sitharaman
Business | September 26, 2021 14:29 ISTHaving done 2 rounds of bank consolidation earlier, the Central govt in 2019 decided to merge 6 disparate and weak PSBs into four in one stroke.
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IT e-filing portal now live after emergency maintenance: Infosys
August 23, 2021 14:38 ISTThe new income tax e-filing portal developed by Infosys was launched on June 7 in a bid to ease the tax filing process and expedite the refund issue. However, taxpayers have been facing several problems in using the portal since its inception.
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Centre brings Department of Public Enterprises under Union Finance Ministry
India | July 07, 2021 12:48 ISTTill now, the Department of Public Enterprises was part of the Ministry of Heavy Industries and Public Enterprises.
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Vaccinate staff of banks, insurance companies on priority: Finance Ministry to States
India | May 14, 2021 17:24 ISTThe finance ministry on Friday asked state governments to accord priority to employees of banks and insurance companies for COVID-19 vaccination, saying they are exposed to high risks during these difficult times.
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GST revenue hits all-time high of Rs 1.41 lakh crore in April
Business | May 01, 2021 17:38 ISTGST collections in April touched a record high of over Rs 1.41 lakh crore, indicating sustained economic recovery, the Finance Ministry said on Saturday.
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Finance Ministry to clarify on residency status of NRIs stranded in India this fiscal due to COVID
India | February 04, 2021 16:31 ISTFor the fiscal ended on March 31, 2020, the ministry, in May last year, clarified that the period of stay of Non-Resident Indians (NRIs) and foreign nationals in India during the lockdown period would not be counted for the purpose of determining their residency status for the purpose of taxation.
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Watch: 'Halwa Ceremony' at Finance Ministry ahead of Budget
News | January 23, 2021 21:17 ISTLike every year, 'Halwa Ceremony' was held at Finance Ministry ahead of upcoming Union Budget.
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Budget 2021: Aluminium industry seeks govt support; looks forward to supportive measures
Business | January 19, 2021 17:11 ISTIn a representation to the government ahead of the Union Budget for 2021-22, the Aluminium Association of India said, "The Indian aluminium industry seeks immediate government support to tide over this challenging phase and look forward for supportive measures in the forthcoming Union Budget 2021-22.
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FinMin releases weekly instalment of Rs 6,000 cr to states to meet GST compensation shortfall
Business | January 18, 2021 19:44 ISTThe Finance Ministry on Monday released the 12th instalment of Rs 6,000 crore to states to meet the GST compensation shortfall, taking the total amount released so far under this window to Rs 72,000 crore.
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Finance Ministry releases weekly instalment of Rs 6,000 crore to meet GST shortfall
Business | December 28, 2020 20:17 ISTThe Ministry of Finance in a statement said it has released the ninth weekly instalment of Rs 6,000 crore to the states to meet the GST compensation shortfall.
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Finance Ministry permits these 5 states to borrow extra Rs 16,728 cr for 'Ease of Doing Business'
Business | December 20, 2020 12:50 ISTThe Finance Ministry on Sunday said five states, including Tamil Nadu and Telangana, have been permitted to borrow an additional Rs 16,728 crore following completion of stipulated reforms for 'Ease of Doing Business'. Andhra Pradesh, Karnataka and Madhya Pradesh are the other states which have been permitted to borrow the extra amount.
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Finance Ministry invites public suggestions, ideas for Union Budget 2021-22 from Nov 15
Business | November 13, 2020 19:31 ISTThe finance ministry on Friday sought ideas, suggestions and proposals for the annual budget of 2021-22. The Union Budget 2021, which will be the third budget of Modi's 2.0 government and Finance Minister Nirmala Sitharaman, is likely to be presented on February 1.
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ITR Filing: Finance Ministry notifies extended deadline for FY19-20 income tax return filing
October 30, 2020 18:18 ISTITR Filing: The Finance Ministry has notified the extended due date for Income Tax Return (ITR) filing by individual taxpayers for FY 2019-20.
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Loan moratorium: Crop, tractor loans not part of interest-on-interest waiver scheme
Business | October 30, 2020 11:26 ISTIssuing additional frequently asked questions (FAQs) on the 'scheme for grant of ex-gratia payment of the difference between compound interest and simple interest', it said credit card dues outstanding as on February 29 would be considered for giving relief to the borrowers.
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Man cheats friend with promise of job in Finance Ministry, arrested
India | October 17, 2020 17:01 ISTThe Delhi Police has arrested a former call centre employee for cheating his ex-colleague on the pretext of getting him a job in the Finance Ministry. The accused Gaurav Dutt hatched a conspiracy to dupe his friend to pay back his loans. In various instalments, he took Rs 1,54,000 from the victim.
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