finance ministry

RBI rate cut to complement government's measures to boost growth: Finmin

RBI rate cut to complement government's measures to boost growth: Finmin

New Delhi: The Finance Ministry on Friday said the Reserve Bank's decision to lower benchmark lending rate will complement recent measure...Read More

Government may trim PSU ownership below 51% as it plans to sell 'whatever is saleable'

Government may trim PSU ownership below 51% as it plans to sell 'whatever is saleable'

Mumbai: Terming privatisation as the top-most priority, a senior finance ministry official Thursday said the government will sell "whatev...Read More

Centre plans to sell whatever is saleable: Source

Centre plans to sell whatever is saleable: Source

Mumbai: Terming privatisation as the top-most priority, a senior finance ministry official Thursday said the government will sell "whatev...Read More

Finance Ministry to exit Air India this year: Official

Finance Ministry to exit Air India this year: Official

Mumbai: The government is confident of exceeding the divestment target for the fourth consecutive year, a senior finance ministry officia...Read More

Amit Shah instructs ministers of BJP-ruled states to spread awareness on steps taken to boost economy

Amit Shah instructs ministers of BJP-ruled states to spread awareness on steps taken to boost economy

New Delhi: BJP president Amit Shah on Monday directed chief ministers and deputy ministers of party-ruled states and Union Ministers to h...Read More

PMO, Finance Ministry officials to discuss steps for economic revival tomorrow

PMO, Finance Ministry officials to discuss steps for economic revival tomorrow

The Finance Ministry's first priority is handling the FPI tax which is turning the market upside down with flight of capital further aggr...Read More

Government detects Rs 45,000 crore GST evasion in FY19: Report

Government detects Rs 45,000 crore GST evasion in FY19: Report

Gross GST collections stood at Rs 1.02 lakh crore in July, marginally up from the previous month, but now reports have surfaced saying th...Read More

Finance Ministry begins hunt for new RBI deputy governor post Viral Acharya exit

Finance Ministry begins hunt for new RBI deputy governor post Viral Acharya exit

The finance ministry has sought applications for the post of RBI deputy governor, a position that fell vacant after Viral Acharya resigne...Read More

‘Finance ministry asks EPFO to slash annual return of 8.65%’

‘Finance ministry asks EPFO to slash annual return of 8.65%’

Finance ministry has demanded the Employees' Provident Fund Organization (EPFO) reduces the 8.65% annual fund payout it was planning to o...Read More

Disability pension taxable if military personnel retired under normal circumstances: Defence sources

Disability pension taxable if military personnel retired under normal circumstances: Defence sources

New Delhi: Disability pension will be taxable to military personnel who superannuated under normal circumstances, defence sources said Tu...Read More

Budget 2019: New power projects may get investment linked deductions

Budget 2019: New power projects may get investment linked deductions

Power Ministry and industry associations have approached Finance Ministry for looking at including power sector projects in the scheme on...Read More

Finance Ministry seeks consultants for PSU land, buildings sale

Finance Ministry seeks consultants for PSU land, buildings sale

The finance ministry is scouting for consultancy firms for assistance in selling land and building assets of public sector companies as i...Read More

Airport Authority of India to issue shares against government funding

Airport Authority of India to issue shares against government funding

New Delhi: The Finance Ministry has asked Airport Authority of India to issue shares in lieu of the Rs 656 crore capital it has received ...Read More

Engines of economy need urgent attention

Engines of economy need urgent attention

The latest monthly economic report of the Department of Economic Affairs of the Finance Ministry has some worrying trends. The economic g...Read More

Finance Ministry revising strategic sale procedure for CPSEs

Finance Ministry revising strategic sale procedure for CPSEs

New Delhi: The finance ministry is reworking strategic sale procedure to ensure outright sale of CPSEs within four months of issuance of ...Read More

Finance Ministry may seek relaxation in PSB promoter stake norms

Finance Ministry may seek relaxation in PSB promoter stake norms

New Delhi: With an aim to enable the further recapitalisation of public sector banks (PSBs), the Finance Ministry may seek a relaxation f...Read More

India’s economic growth slowed down slightly in 2018-19: Finance Ministry report

India’s economic growth slowed down slightly in 2018-19: Finance Ministry report

New Delhi: The Indian economy appears to have slowed down in 2018-19 due to lower private consumption, tepid growth in fixed investment a...Read More

Global ETF: Government starts consultation

Global ETF: Government starts consultation

New Delhi: The Finance Ministry has started consultation with global investors for launching CPSE-scrip based Exchange Traded Fund (ETF) ...Read More

CPSEs under strategic sale asked to immediately prepare list of non-core assets

CPSEs under strategic sale asked to immediately prepare list of non-core assets

New Delhi: The Finance Ministry has asked CPSEs identified for strategic sale to immediately prepare a list of assets and initiate dialog...Read More

Government may list profit making arms of CPSEs

Government may list profit making arms of CPSEs

New Delhi: The Finance Ministry is in the process of shortlisting profit making subsidiaries of CPSEs having a minimum stipulated net-wor...Read More

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