Finance Ministry

Finance Ministry News

'I’ve been working': Nirmala Sitharaman tweets after criticism

Nirmala Sitharaman, who took over her as Finance Minister in May, is under pressure to bolster growth that’s slowed to a six-year low and check unemployment that’s risen to a 45-year high.

FinMin forms task force to implement Rs 100 lakh crore worth of infra projects

The task force, headed by the Economic Affairs Secretary, will draw up a ‘National Infrastructure Pipeline’ of Rs 100 lakh crore expected to come up by 2024-25.

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To boost capex, FinMin asks CPSEs to accelerate investments, clear dues

Senior Finance Ministry officials on Friday held a meeting with heads of CPSEs including NTPC, SAIL, NHAI and PGCIL, as well as financial advisors of infrastructure ministries, to review and speed up the planned capex.

Arun Jaitley: PM Modi’s go-to man and key strategist on economic policy and legal issues

Apart from a series of measures to enhance the productivity of the Indian economy, Arun Jaitley was instrumental in bringing political consensus for a marathon legislative process and subsequent implementation of the Goods and Services Tax.

7% growth will mean little or nothing to the poor, unemployed and exploited sections

Seven per cent growth will be totally insufficient to create wealth or enhance welfare. Seven per cent growth will not generate the millions of jobs that are required. Seven per cent growth will not raise the per capita income of the lowest deciles (the bottom 20 per cent) of the population.

India’s government seeks higher transfer from central bank

The government estimates it will receive 1.06 trillion rupees ($15.5 billion) in income from RBI, state-run banks and financial institutions in the fiscal year to March 2020, according to the budget presented by Finance Minister Nirmala Sitharaman Friday

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On-duty head constable shoots himself dead outside Finance Ministry office

"The incident took place at around 12.40 pm. In a CCTV footage, the man can be seen shooting himself with his service carbine," said Deputy Commissioner of Police (New Delhi) Madhur Verma.

Transfer of RBI funds to Govt: Why Jalan panel delayed report; importance of its recommendations

The recommendations of the Jalan committee will pave the way for the RBI to transfer past and future excess reserves to the government.

Head constable of Rajasthan Armed Constabulary shoots himself outside Finance Ministry

The deceased identified as Jai Narain (48) was posted on guard duty near gate number 2 of North Block, they said.

Bank unions urge Finance Ministry to allow recovery of dues from personal assets of defaulters

Fast-track courts shall have to be vested with more powers to recover bad loans and stringent laws should be enacted to ensure more recoveries, the unions said in a letter to the finance minister.

Finance Ministry Videos

Finance Ministry's Directive Regarding Deposits In Old Notes Exceeding Rs 5000

The Ministry of Finance Monday imposed fresh restrictions on bank deposits till December 30. For amounts exceeding Rs 5000 in old Rs 500 and Rs 1000 notes, they can now be deposited only once per bank account. The money will be credited to the account only after receiving a satisfactory reply from the customer as […]

BJP a pro-poor government: Jayant Sinha

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.

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

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.

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