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Tuesday, June 02, 2020

Finance Ministry


Cash ‘stress’: Finance tells ministries to limit spends during Q1

April 09, 2020 6:49 am

The Finance Ministry said that large expenditure items would continue to be regulated as before, and said deviation from the current guidelines would require prior approval of ministry.

EPFO cuts interest rate to 8.5%: How will you be impacted?

March 06, 2020 11:50 am

There are over 6 crore active subscribers of EPFO. This is the lowest interest on provident fund in seven years.

Finance Ministry working on FRDI bill but not sure when it will be tabled, says FM Sitharaman

February 07, 2020 5:20 pm

Sitharaman also welcomed the liquidity measures announced by the RBI for retail customers in general and for MSMEs and realty players in particular at the sixth monetary policy review on Thursday.

Explained: The ugly truth about India's adherence to the FRBM Act

January 31, 2020 3:55 pm

By completely ignoring Revenue Deficit, and only focusing on containing Fiscal Deficit, the government has ensured that the FRBM Act now hurts growth – which is exactly opposite of what fiscal consolidation was supposed to do.

Govt ringfences ‘prudent commercial decisions’ of top public sector bankers

January 29, 2020 7:19 am

In a statement, the Ministry said that it has delegated powers to the boards of state-owned lenders to put in place a “suitable mechanism” for ensuring “compliance with the various timelines laid down in RBI and CVC circulars relating to fraud monitoring and reporting”.

Finance Ministry invites applications for new Sebi chief

January 28, 2020 1:12 pm

Applications of eligible candidates in prescribed proforma along with attested copies of annual confidential report for the last five years, vigilance clearance and no penalty and integrity certificate in case of serving government employees should reach on or before February 10, a public notice issued by the Finance Ministry's Economic Affairs Department said.

Explained: How the Union Budget is prepared

January 31, 2020 3:54 pm

There is also a growing concern about the credibility of Budget numbers and many argue that the first thing to do is to reduce the gap between the numbers projected in a Budget and what actually happens.

Explained: A sweet tale of how India imported halwa, and made it its own

May 05, 2020 2:16 pm

'Halwa' comes from the Arabic word 'hulw', which means sweet. A dish that came in from Turkey is now served as kada prasad in Gurdwaras, is associated with the Hindu festival of Navratri, and even plays an important role in the Union budget.

Explained: The customary halwa ceremony at Finance Ministry ahead of Budget

January 21, 2020 6:50 pm

The tradition, which goes back several years, involves preparing the ‘halwa’ sweet dish in a big 'kadhai' (large frying pot) and serving it to the entire staff in the ministry.

Government sets Rs 1.1 lakh crore monthly GST collection target; asks taxmen to buckle up

December 17, 2019 5:41 pm

Revenue Secretary Ajay Bhushan Pandey had a video conference meeting with top tax officials and impressed upon them to step up measures to achieve direct and indirect tax collection target.


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.