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Wednesday, April 21, 2021

Ministry of Finance


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.

Audit red flags: Rs 3.88 crore meant for New Pension Scheme not deducted from salary accounts of 133 Chandigarh cops

March 24, 2021 2:46 am

The objections were raised after the UT Audit department found that New Pension Scheme contribution was not being deducted from the salary accounts of 133 police personnel, who have been continuously in the service from last two to 14 years.

Supreme Court asks franchise scam 'victims' to move High Court, says made mistake in agreeing to examine pleas

February 08, 2021 10:58 pm

A bench headed by Chief Justice S A Bobde, which on November 2 last year had issued notice to the Centre and its agencies on three separate pleas against 'Westland Trade Private Limited', asked the petitioners to approach the jurisdictional high court with their pleas.

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.

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

August 23, 2019 8:49 pm

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

August 23, 2019 6:59 pm

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.

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

July 26, 2019 12:17 pm

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?

July 11, 2019 12:13 pm

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

July 10, 2019 10:01 am

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

May 07, 2019 7:57 am

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.