Ministry of Finance

Ministry of Finance News

FM says India's GDP expansion much higher than global growth: Key takeaways

The finance minister today announced that CSR (Corporate Social Responsibility) violation will be treated as a civil liability and not as a criminal offence. She said the Ministry of Corporate Affairs will review the sections under the Companies Act.

Centre reviews law, CSR violations no longer criminal act

Under the Companies Act, 2013, certain classes of profitable entities are required to spend at least two per cent of their three-year annual average net profit towards Corporate Social Responsibility (CSR) in a particular financial year.

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Shunted out, Finance Secretary Subhash Chandra Garg puts in papers the day after

A top Finance Ministry bureaucrat being moved out and seeking voluntary retirement puts a question mark on key announcements in the Union Budget 2019-20 including the planned overseas bonds.

May we come in?

Access of press to government is at heart of people’s right to know. Finance Minister should relook at her ministry’s order

Budget curbs stay, Finance Ministry restricts access to the press

This restriction had so far been placed only ahead of the Budget when the entire Ministry is quarantined to maintain secrecy. In the past, the restrictions were lifted on the very first working day after the presentation of the Budget.

To clear 8.65%, Finance Ministry wants some answers from EPFO

EPFO interest rate: The Finance Ministry has sought details about the exposure of EPFO to IL&FS and other such similar risky entities, an official said.

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In a first, govt to issue Rs 20 coin: Here's all you need to know

The Ministry of Finance Wednesday issued a gazette notification regarding the new Rs 20 coin which will be shaped like a "dodecagon" - a 12-edged polygon. This means that the new coin will not be circular in shape like the other coins in circulation.

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. "

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.

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