Finance Ministry
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ITR Filing: Finance Ministry notifies extended deadline for FY19-20 income tax return filing
Income Tax | Oct 30, 2020, 06:18 PM 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 | Oct 30, 2020, 11:26 AM 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 | Oct 17, 2020, 05:01 PM 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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India may have crossed COVID peak in September: Finance Ministry
India | Oct 05, 2020, 08:26 AM ISTIndia may have crossed the COVID-19 peak in September, TOI quoted the Finance Ministry as saying. The ministry, in its monthly economic outlook report for September, also cautioned that the disease was far from over and urged all stakeholders to push for economic recovery as positivity rate improves.
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Entire shortfall of compensation to states will be compensated: Sources
Business | Sep 08, 2020, 12:05 AM ISTDays after government announced 2 options for States on the issue of meeting GST compensation, Finance Ministry sources on Monday said the entire shortfall of compensation to the states irrespective of whether it is on account of GST implementation or coronavirus pandemic will be compensated.
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No restriction, ban on filling up of Govt posts, normal recruitment to continue as usual
India | Sep 05, 2020, 10:32 PM ISTThe Finance Ministry on Saturday dismissed rumoured reports that the government has banned or restricted hirings saying that there is no restriction or ban on filling up of posts in Government of India.
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Don't charge UPI transactions, refund money collected since Jan 1: Finance ministry tells banks
Business | Aug 31, 2020, 12:53 PM ISTAccording to the CBDT, it received some representations which revealed that a few banks are imposing and collecting charges on transactions carried out through UPI. A certain number of transactions were allowed free by these banks beyond which every transaction bears a charge, the CBDT noted.
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FinMin working on norms for salaries of retired central govt officials re-appointed on contract
Business | Aug 16, 2020, 02:48 PM ISTThe finance ministry is working on norms to regulate salary paid to retired central government employees re-appointed on contract and has proposed keeping nomination-based appointments at "bare minimum".
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Govt imposes curbs on public procurement from certain countries that share border with India
News | Jul 24, 2020, 08:49 AM ISTThe Ministry of Finance today amended the General Financial Rules 2017 to enable imposition of restrictions on bidders from countries which share a land border with India on grounds of defence of India, or matters that directly or indirectly relate to the national security of the country.
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Portion of ceiling collapses at Finance Ministry office in North Block, one injured
India | Jul 09, 2020, 08:33 PM ISTA person was injured as part of the ceiling at Finance Ministry's North Block office collapsed on Wednesday. Finance Ministry office on the second floor of the North Block collapsed in the early hours on Wednesday afternoon.
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Govt not considering merger of CBDT and CBIC, Finance Ministry clarifies
Business | Jul 06, 2020, 06:47 PM ISTThe government is not considering any proposal to merge the Central Board of Direct Taxes (CBDT) and Central Board of Indirect Taxes and Customs (CBIC), the Union Ministry of Finance clarified today.
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Over Rs 65,000 cr given through DBT to PMGKP beneficiaries
Business | Jun 20, 2020, 08:17 PM ISTMore than 42 crore beneficiaries have been extended cash support through Direct Benefit Transfer (DBT) totalling Rs 65,454 crore under the Pradhan Mantri Garib Kalyan Package (PMGKP) till June 19, the Finance Ministry said on Saturday.
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Finance Ministry invites bids from transaction advisors for LIC IPO
Business | Jun 19, 2020, 03:33 PM ISTKick-starting the process of LIC disinvestment, the Finance Ministry on Friday invited bids from consulting firms, investment bankers, and financial institutions for advising it on the proposed initial public offer.
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No new govt scheme to be approved for a year: Finance Ministry
Business | Jun 05, 2020, 03:06 PM ISTThe Union Finance Ministry on Friday said that the government will not initiate any new scheme/sub-scheme, whether under delegate power to ministry including SFC proposals or through EFC should be initiated in 2020-21 except proposal announced under PM Gareeb Kalyan Package, Aatma Nirbhar Bharat Abhiyan Package and any other special packages.
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Finance Ministry not considering calamity cess on GST
Business | May 23, 2020, 09:47 PM ISTReports had earlier said that the central government is considering a calamity cess on the Goods and Services Tax, similar to flood cess imposed by Kerala in June last year.
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Centre released over Rs 6,000 crore to 14 states to enhance resources during COVID-19: Sitharaman
India | May 11, 2020, 11:17 PM ISTThe Finance Ministry on Monday released Rs 6,195 crore revenue deficit grant to 14 states to enhance their resources during COVID-19 crisis.
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March GST collection slips to Rs 97,597 crore, over Rs 1.05 lakh crore lower than February
Business | Apr 01, 2020, 05:50 PM ISTGoods and Services Tax (GST) revenue in March stood at Rs 97,597 crore, lower than over Rs 1.05 lakh crore collected in February. Of the total Rs 97,597 crore revenue, the central GST stood at Rs 19,183 crore, state GST at Rs 25,601 crore and integrated GST at Rs 44,508 crore.
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Contractual employees to be paid during period of absence due to lockdown: Finance Ministry
Business | Mar 23, 2020, 10:40 PM ISTThe Finance Ministry on Monday said that contractual employees will be paid even if they are unable to report on duty due to lockdown imposed by authorities.
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What's for Electric Vehicles segment in Budget 2020
Business | Feb 01, 2020, 05:54 PM ISTFinance Minister Nirmala Sitharaman presented her second union budget with an aim to revive the economy and speed up growth amid global slowdown. Here's a quick guide as to what Budget has brought for the Electric Vehicles makers and consumers.
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Budget 2020 Expectations: Tax cut to boost in investment, govt all set for big fat Budget day
Business | Jan 27, 2020, 03:50 PM ISTThe Year 2020 has a lot of speculations regarding budget and financial changes in the country. All eye in on 1 February and Finance Minister, Nirmala Sitharaman for seeking relief on tax slabs for salaried including steps to overcome fiscal deficit along with the addition in the consumer demand.