Finance Ministry
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FinMin's Alternative Mechanism gives nod for BoB, Dena, Vijaya Bank merger
Business | Dec 21, 2018, 06:02 PM ISTBank of Baroda is the transferee bank, while Vijaya Bank and Dena Bank are the transferor banks in the amalgamation process, it added.
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Govt mulls additional Rs 30,000 cr capital infusion in PSU banks
India | Dec 13, 2018, 10:52 PM ISTAs part of the capital infusion plan announced by the Finance Ministry in October 2017, the government envisaged that public sector banks (PSBs) would raise Rs 58,000 crore from the stock markets by March 2019 to meet Basel III norms.
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GST collections drop to Rs 97,637 cr in November; lower than Rs 1 lakh crore collected previous month
Business | Dec 01, 2018, 06:36 PM ISTThe GST collections stood at Rs 1.03 lakh crore in April, Rs 94,016 crore in May, Rs 95,610 crore in June, Rs 96,483 crore in July, Rs 93,960 crore in August, Rs 94,442 crore in September and Rs 1,00,710 crore in October.
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7.1% GDP growth in Q2 'disappointing': Finance Ministry
Business | Nov 30, 2018, 07:35 PM ISTThe government data released Friday shows India's economy grew at 7.1 per cent in July-September, lowest in three quarters.
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Government expects bad loan recoveries to exceed Rs 1.80 lakh crore target in FY19
Business | Oct 28, 2018, 09:04 PM ISTBanks recovered Rs 36,551 crore in the first quarter of 2018-19 and had recovered Rs 74,562 crore during 2017-18.
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Working capital crunch slows down delivery schedule of railway wagons
India | Oct 21, 2018, 07:41 PM ISTPlans to approach the Finance Ministry to resolve the GST issue are in the pipeline, said industry sources.
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Finance Ministry extends deadline for filing September GST returns to October 25
Business | Oct 21, 2018, 04:47 PM ISTThe GSTR-3B of a particular month has to be filed by the 20th day of the subsequent month. The deadline for September return filing was October 20.
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Gross direct tax collection grows 16.7 pc to Rs 5.47 lakh cr in Apr-Sept
Business | Oct 04, 2018, 02:00 PM ISTGross direct tax collection in the first six months of the financial year grew 16.7 per cent to Rs 5.47 lakh crore, Finance Ministry said Thursday.
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GST collections likely to top Rs 1 lakh crore in Nov, Dec
Business | Oct 02, 2018, 06:07 PM IST"With the current trend for GST mop-up, it is expected that the monthly collections could again touch Rs 1 lakh crore around November and December," an official said.
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Govt, RBI will do everything to check rupee slide to 'unreasonable levels': Finance Ministry
Business | Sep 12, 2018, 04:20 PM ISTThe rupee, after crashing to a lifetime low in early trade, rebounded by 69 paise to trade at 72.00 to the US dollar in late afternoon trade on suspected intervention by the central bank.
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Finance Ministry simplifies GST refund claim process for businesses: 'File GSTR-2A instead of invoices'
Business | Sep 05, 2018, 04:14 PM ISTGSTR-2A is a purchase return auto-generated by the system based on the transaction between a business and its supplier.
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Digital Payment will soon be country’s norm: Finance Ministry
India | Sep 04, 2018, 06:42 AM ISTThe real-time bank-to-bank payment system on mobile platform UPI registered 312.02 million transactions in August, up by 32 per cent in July.
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No GST refunds on goods purchased, carried back by foreigners in India: Finance Ministry
Business | Aug 06, 2018, 02:39 PM ISTThe government has yet not invoked relevant provisions of the Integrated Goods and Services Tax Act, the ministry said.
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June GST collection rises to Rs 95,610 crore: Hasmukh Adhia
India | Jul 01, 2018, 04:43 PM ISTThe total number of GSTR-3B returns filed for the month of May up to June 2018 is 64.69 lakh, the finance ministry said in a statement.
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GST Day: Arun Jaitley says GST a game changer for Indian economy
Business | Jul 01, 2018, 02:14 PM ISTGST has been historic and game changer reform for the Indian economy, Arun Jaitley said while addressing a function commemorating the first year of the implementation of the Goods and Services Tax.
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GST Day: PM Modi terms tax reform a 'positive change in Indian economy'
Business | Jul 01, 2018, 09:15 AM ISTA vibrant example of cooperative federalism and a ‘Team India’ spirit, GST has brought a positive change in the Indian economy, PM Modi said in a series of tweets today. He claimed that the tax reform has brought growth, simplicity and transparency.
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IDBI-LIC stake deal: FinMin official says boards to take a call
Business | Jun 25, 2018, 04:20 PM ISTThe media reports also said the government had sought the views of insurance regulator IRDAI and markets watchdog Sebi on the move. IRDAI does not allow LIC or any other insurer to own more than 15 per cent in any company.
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Panama Paper Leaks: Multi Agency Group looking into fresh revelations, says Finance Ministry
India | Jun 21, 2018, 08:34 PM ISTThe 'Panama Paper leaks' were originally revealed by the International Consortium of Investigative Journalists (ICIJ) on April 4, 2016, following which, the Indian government had set up the MAG to probe the matter.
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Karnataka finance portfolio turns into apple of discord between Congress and JD(S)
May 29, 2018, 07:06 AM ISTKumaraswamy reportedly told Congress leaders that it has been the convention in coalition government in Karnataka to allow the junior partner to keep the finance portfolio.
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No respite from spiraling petrol, diesel prices as Finance Ministry not in favour for cut in excise duty
Business | Apr 23, 2018, 04:15 PM ISTPetrol price today hit a 55-month high of Rs 74.50 a litre, while diesel rates touched a record Rs 65.75, renewing calls for a cut in excise duty to ease the burden on consumers.