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Tuesday, May 11, 2021

Finance Ministry


‘Covid wave: Expect muted hit on economy as against first’

May 08, 2021 5:55 pm

The "need of the hour is, therefore, to expand vaccination at a fast pace", the Finance Ministry noted in its Monthly Economic Review for April released Friday.

Impact of COVID-19 second wave on economy to remain muted: Finance Ministry report

May 07, 2021 4:22 pm

The fiscal position of the central government, it said, has witnessed an improvement in the recent months with a revival in the economic activities during the second half of FY2020-21.

Ajay Seth takes over as new Economic Affairs Secretary

April 16, 2021 1:58 pm

Appointments Committee of the Cabinet headed by the Prime Minister on April 6 appointed Ajay Seth as the new Economic Affairs Secretary.

India well prepared to combat second wave of COVID-19: Finance Ministry report

April 05, 2021 5:52 pm

At this juncture of the onset of the second wave, the report said, India is well prepared to combat the scourge of the virus.

Economy exits recession as GDP grows 0.4% in Q3; Govt cautions pandemic risk persists

February 27, 2021 7:11 am

In a statement, the Finance Ministry said the Q3 numbers were a reflection of the further strengthening of a V-shaped recovery, but warned that India was not yet out of the danger of the pandemic.

Finance Ministry gives nod for 8.5% EPF interest rate

December 30, 2020 10:15 am

The retirement fund body is looking at crediting the interest rate in one go of 8.5 per cent instead of a split of 8.15 per cent and 0.35 per cent proposed earlier, a senior official said.

Indian economy witnessing V-shaped recovery: Finance Ministry report

December 03, 2020 2:53 pm

The growth drivers have obtained the largest support from agriculture followed by construction and manufacturing, it said, adding, the contact-sensitive services sector has also contributed although mainly through logistics and communication.

Industry bodies, experts to submit ideas on Budget 2021 via e-mail: FinMin

November 13, 2020 6:30 pm

Owing to the pandemic, the ministry decided to create a dedicated e-mail to receive suggestions from various institutions and experts. The government's 'MyGov' portal would provide a platform to receive ideas from public on the upcoming Budget and would remain open from November 15 to 30.

Interest waiver: Outstanding as of February 29 to be reference for ex gratia relief

October 28, 2020 5:08 pm

The lending institutions have been asked to complete the exercise of crediting the amount in the accounts of borrowers by November 5.

Finance ministry allows additional Rs 7,106 crore borrowing by UP and AP

October 02, 2020 4:08 pm

"The Ministry of Finance has granted additional borrowing permission to two more states, Uttar Pradesh and Andhra Pradesh, for successfully undertaking reforms in the public distribution system (PDS) and ease of doing business," an official statement said.


BJP a pro-poor government: Jayant Sinha

January 14, 2016 12:15 pm

New Delhi, Jan 14 (ANI): Addressing the 2016 Indo-Korea Business Summit, Minister of State for Finance Jayant Sinha on Thursday said that the Bharatiya Janata Party (BJP) is a pro-poor government and will always work for the upliftment of the country. He also said that Prime Minister Narendra Modi has always believed that the government is by the poor, for the poor and of the poor and added that this was helping India grow globally.

National Herald case: ‘Delighted’ Swamy says court will summon ministries

January 11, 2016 2:07 pm

New delhi, Jan 11 (ANI): Bharatiya Janata Party (BJP) leader Subramanian Swamy on Monday said the court will soon send summons to the ministries having documents related to the National Herald case. He informed that the court would send summons to Income Tax (IT), Enforcement Directorate (ED), Ministry of Corporate Affairs, Finance Ministry, Registrar of Companies and Delhi Development Authority (DDA) in connection with this case.