Ministry Of Finance

India has enough fire to deal with rupee volatility: Ministry of Finance

The rupee closed at an all-time low of 68.79 on Thursday due to multiple headwinds, including concerns over inflation and weak global cues. The currency recovered lost ground on Friday to touch 68.36 in afternoon trade.

Government reverses decision, will now fully fund education of children of Armymen disabled, killed in action

The scheme to bear the cost of education of children of our Armed Forces martyrs was announced in the Lok Sabha on December 18, 1971 and introduced in the 1972 Parliament session.

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Apple’s single brand proposal: Commerce Ministry to discuss with Finance Ministry

Commerce and Industry Minister Nirmala Sitharaman on Monday said her ministry has taken a line that the 30 per cent local sourcing requirement can be waived off for high-end technology products.

Rs 1.14 lakh crore of bad debts: The great government bank write-off

That is the amount of bad loans waived in last three financial years, more than the write-off in the previous nine

Syndicate Bank: Hours before CMD arrest, CBI informed FM, PM

CBI Director Ranjit Sinha said this was “common practice’’ followed by agency when top government officials were involved.

‘Can’t levy cess on diesel cars to fight pollution’

Government tells apex court targeting the segment won’t help.

Centre lifts ban on creating more posts for govt school teachers

Centre has asked the Administration to furnish clarification on the details of expenditure to be incurred on creation of posts for teachers.

Taxpayer picked up $75,000 tab for deal between another diplomat,his maid last year

A similar complaint was filed against another Indian diplomat by his maid two years ago in New York.

To bypass foreign labour laws,MEA seeks govt staff status for domestic help

The MEA sent the proposal to the Ministry of Finance on Monday night.

Medical treatment of civil servants abroad: MoF sends reminder to DoPT

These rules apply to around 4,500 IAS,3,300 IPS and 2,700 IFoS officers.

PFRDA chief Yogesh Agarwal quits

Even as the Pension Fund Regulatory and Development Authority Act is now in place,interim PFRDA chairman Yogesh Agarwal on Wednesday resigned from his post. “The department of financial services,ministry of finance has informed that Yogesh Agarwal,chairman PFRDA has demitted office of the interim PFRDA on the forenoon of 13 November,2013,” said an official release. As […]

Vidarbha: Govt survey for aid fails to meet August deadline

Maharashtra government’s survey to ascertain crop damage in flood-hit districts of Vidarbha has come to a standstill as the Ministry of Finance has expressed its inability to allocate funds for immediate compensation

Vidarbha package still on paper

Two weeks on,state govt yet to send details to Centre

Nath writes to MoF for funds to expand House building

Urban Development Minister Kamal Nath has reportedly written to the Ministry of Finance for additional funds so that the cramped Parliament House building could be expanded at the earliest

Customs not to examine perishable agricultural goods

The Union Ministry of Finance has asked the customs department not to examine perishable agricultural goods.