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  • Union Minister Arun Jaitley

    FinMin reworking strategic sale procedure for CPSEs

    Business | May 12, 2019 12:08 IST

    However, for CPSEs like Air India, which are relatively bigger in size, the timeline for completion of strategic sale is likely to be fixed at 6 months from the date of issuance of Preliminary Information Memorandum (PIM) about the company.

  • Urjit Patel, RBI, Humiliated, FinMin, RBI Governor

    ‘Feeling humiliated’ post note ban, RBI union writes to Urjit Patel

    January 13, 2017 23:41 IST

    Staging a protest against operational “mismanagement” post demonetisation decision, the Reserve Bank of India (RBI) officials on Friday wrote to Governor Urjit Patel. In a letter, they said autonomy and image of RBI has been

  • finmin hopeful of good response to future psus stake sale

    FinMin hopeful of good response to future PSUs stake sale

    December 10, 2014 16:33 IST

    New Delhi: Encouraged by the good response to the stake sale in SAIL, the Finance Ministry on Wednesday hoped that the momentum will continue and future stake sale of PSUs would be lapped up by

  • finmin says no fresh funds for state run banks in budget

    FinMin says no fresh funds for state- run banks in budget

    June 26, 2014 17:48 IST

    Mumbai: Financial Services Secretary G S Sandhu today ruled out higher fund allocation in the forthcoming budget to recapitalise state-owned banks.  “Not in this budget. If there is any urgent requirement, the government is always

  • sebi asks finmin to consider tax sops for mutual funds

    Sebi asks FinMin to consider tax sops for mutual funds

    May 18, 2014 21:47 IST

    New Delhi: In a bid to boost the mutual fund industry, market regulator Sebi has requested the Finance Ministry to consider various tax sops and other measures for investors and a final decision in this

  • fin min asks psu banks to improve casa level focus on

    Fin Min asks PSU banks to improve CASA level, focus on recovery

    May 05, 2014 16:49 IST

    New Delhi: The Finance Ministry has asked public sector banks to step up efforts for mobilising low-cost CASA deposits and focus on recovery in a bid to improve their financial performance. “Banks have been asked to

  • finmin directs banks to deal firmly with fraud wilful

    FinMin directs banks to deal firmly with fraud, wilful default

    April 27, 2014 21:10 IST

    New Delhi: As part of the strategy to contain bad debts, the Finance Ministry has directed all public sector banks to accord top priority to cases of fraud and wilful default and take legal action

  • irrational sentiment impacting rupee value finmin

    'Irrational sentiment' impacting rupee value: FinMin

    August 28, 2013 17:13 IST

    New Delhi: The Finance Ministry on Wednesday described the sharp fall in the value of the rupee as a reflection of "irrational sentiment" and said there is no need for panic."This is an irrational sentiment.

  • finmin agrees to rs 1 lakh cr diesel lpg subsidy wants

    FinMin agrees to Rs 1 lakh cr diesel, LPG subsidy; wants change in pricing formula

    May 22, 2013 18:05 IST

    New Delhi, May 22: Finance Ministry today agreed to dole out a record Rs 100,000 crore towards diesel and cooking fuel subsidy in 2012—13 but wants pricing formula to be changed from current year to

  • finmin replies to vodafone willing to discuss tax dispute

    FinMin replies to Vodafone; willing to discuss tax dispute

    January 11, 2013 18:29 IST

     New Delhi, Jan 11: The Revenue department on Friday sent a reply to the Vodafone's representation on Rs 11,200 crore tax issues and also expressed its willingness to discuss the matter with company officials.“Finance Ministry

  • govt not worried about downgrade will contain deficit finmin

    Govt not worried about downgrade; will contain deficit: FinMin

    January 09, 2013 10:43 IST

    New Delhi, Jan 9: The Finance Ministry on Wednesday said it is not worried about the threat of ratings downgrade by global agencies like Fitch as it is moving on the right track and will

  • govt not worried about downgrade will contain deficit finmin

    Govt not worried about downgrade: will contain deficit: FinMin

    January 08, 2013 16:02 IST

    New Delhi, Jan 8: The Finance Ministry today said it is not worried about the threat of ratings downgrade by global agencies like Fitch as it is moving on the right track and will restrict

  • vodafone have to pay tax once parliament amends it act says

    Vodafone Have To Pay Tax Once Parliament Amends IT Act, Says FinMin

    March 21, 2012 19:42 IST

    New Delhi, Mar 21: British telecom major Vodafone will have to pay over Rs 11,000 crore tax, once the amendment to change the Income Tax Act is approved by Parliament, a Finance Ministry official said

  • 400 pc rise in fake currency transactions says finmin

    400 Pc Rise In Fake Currency Transactions, Says FinMin

    January 15, 2012 21:59 IST

    New Delhi, Jan 15: As fake currency continues to be pumped illegally into the country, a latest government report states that there has been a 400 per cent increase in such counterfeit transactions in Indian's

  • black money finmin to ask tax havens for past banking info

    Black Money : Finmin To Ask Tax Havens For Past Banking Info

    December 13, 2011 18:32 IST

    New Delhi, Dec 13: Broadening its probe in overseas black money cases, the Finance Ministry has decided to write to tax havens and other countries to obtain past information of banking-related transactions in select cases.

  • rbi s ability to intervene in forex market limited finmin

    RBI's Ability To Intervene In Forex Market Limited : FinMin

    November 21, 2011 17:13 IST

    New Delhi, Nov 21: The finance ministry today said the ability of the Reserve Bank to intervene in the forex market to arrest the fall in rupee is limited, even as the Indian currency declined

  • no info about illegal gold sale rbi finmin

    No Info About Illegal Gold Sale : RBI, FinMin

    October 16, 2011 17:13 IST

    New Delhi, Oct 16: Two key economic regulators of the country -- Finance Ministry and Reserve Bank of India (RBI) -- do not have any information about the the consumption of unaccounted gold in the

  • finmin creates new probe wing to check poll funding

    Finmin Creates New Probe Wing To Check Poll Funding

    September 19, 2011 16:25 IST

    New Delhi, Sept 19: The Finance Ministry has set up a special investigation unit to “regulate” the funding and donations made to political parties.The unit recently got approval from the office of Finance Minister Pranab

  • finmin sets up another committee on black money

    FinMin Sets Up Another Committee On Black Money

    June 08, 2011 17:36 IST

    New Delhi, June 8: Facing flak from civil society for not doing enough to deal with the menace of black money, the government today announced setting up of another panel to suggest ways to trace

  • finmin probing overseas deals for tax evasion

    FinMin Probing Overseas Deals For Tax Evasion

    India | December 12, 2010 13:11 IST

    New Delhi, Dec 12 (PTI) The Finance Ministry has begun its maiden investigation into over 100 offshore "financial structuring deals" undertaken by Indian business entities in foreign tax havens to allegedly evade the taxman's net.