finance ministry

India well prepared to combat second wave of COVID-19: FinMin report

India well prepared to combat second wave of COVID-19: FinMin report

"After battling a historic pandemic in FY 2020-21, the Indian economy is poised to build back better and stronger as is reflected in the ...Read More

Cruel joke on April Fool's Day? Centre rolls back small savings interest rate cuts

Cruel joke on April Fool's Day? Centre rolls back small savings interest rate cuts

The government on Thursday rolled back small savings interest rate cuts within hours of a notification, attributing it to a mystifying ‘o...Read More

Finance ministry releases entire Rs 1.10 lakh crore estimated FY 2021 GST shortfall to states

Finance ministry releases entire Rs 1.10 lakh crore estimated FY 2021 GST shortfall to states

The finance ministry on Monday said it has released the full Rs 1.10 lakh crore estimated GST compensation shortfall to the states with t...Read More

Finance Ministry  asks Sebi to withdraw directive on tenure of AT1 bonds

Finance Ministry asks Sebi to withdraw directive on tenure of AT1 bonds

The finance ministry has asked market regulator Sebi to withdraw its directive to mutual fund houses to treat additional Tier I (AT-1) bo...Read More

Indian Overseas Bank, Central Bank of India and UCO Bank may come out of RBI's PCA after Finance Ministry infuses Rs 14,500 crore

Indian Overseas Bank, Central Bank of India and UCO Bank may come out of RBI's PCA after Finance Ministry infuses Rs 14,500 crore

The finance ministry is likely to infuse Rs 14,500 crore mainly in the banks that are under the RBI's prompt corrective action framework ...Read More

Finance Ministry releases final instalment of Rs 6,194 crore revenue devolution grant to states

Finance Ministry releases final instalment of Rs 6,194 crore revenue devolution grant to states

The Finance Ministry on Wednesday released the 12th and final monthly instalment of revenue deficit grant of Rs 6,194 crore to the states...Read More

Teji Mandi: What’s keeping the rising GST collections momentum going?

Teji Mandi: What’s keeping the rising GST collections momentum going?

The government has collected Rs 1.13 lakh crore as the goods and services tax (GST) revenue in February, up 7% over the same month last y...Read More

Indian economy to do better than -8% prediction: Finance Ministry

Indian economy to do better than -8% prediction: Finance Ministry

The Indian economy is likely to do better than the projection of an 8 per cent shrinkage in the current fiscal as economic activity gathe...Read More

Union Finance Minister Nirmala Sitharaman receives first dose of COVID-19 vaccine

Union Finance Minister Nirmala Sitharaman receives first dose of COVID-19 vaccine

Joining the list of Union Ministers to take COVID-19 jab, Finance Minister Nirmala Sitharaman on Thursday took the first dose of COVID-19...Read More

NSE India technical glitch: Finance Ministry gets in touch with SEBI, takes stock of trading halt issue

NSE India technical glitch: Finance Ministry gets in touch with SEBI, takes stock of trading halt issue

Due to a technical glitch, National Stock Exchange (NSE) stopped updating and NSE India closed cash and F&O market at 11. 40 am and 1...Read More

Growth, inflation outlook portends 'more than full recovery' in 2021-22: Finance Ministry

Growth, inflation outlook portends 'more than full recovery' in 2021-22: Finance Ministry

Painting a rosy picture of the economy, the finance ministry's monthly report on Tuesday said growth and inflation outlook for 2021-22 po...Read More

Policy Watch: Budget 2021 is a mixed bag, with too many causes for alarm

Policy Watch: Budget 2021 is a mixed bag, with too many causes for alarm

First, there are some very good things about the budget. Note, all the figures discussed here have been taken from the website of the fin...Read More

Fiscal consolidation takes a back seat in Nirmala Sitharaman's Budget 2021: S&P Global Ratings

Fiscal consolidation takes a back seat in Nirmala Sitharaman's Budget 2021: S&P Global Ratings

S&P Global Ratings on Tuesday said India's budget for the next fiscal is an effort of the government to shore up economic recovery, b...Read More

No change in tax slabs, relaxations to senior citizens: Highlights of announcement on income tax in Nirmala Sitharaman's Budget 2021 speech

No change in tax slabs, relaxations to senior citizens: Highlights of announcement on income tax in Nirmala Sitharaman's Budget 2021 speech

On Monday, Union Finance Minister Nirmala Sitharaman presented her third Budget. Sitharaman said that Budget 2021 relies on six pillars -...Read More

Budget 2021: Nirmala Sitharaman announces removal of 400 old exemptions, measures to reduce anomalies in GST

Budget 2021: Nirmala Sitharaman announces removal of 400 old exemptions, measures to reduce anomalies in GST

Asserting that there have been record GST collections in the past few months, Union Finance Minister Nirmala Sitharaman on Monday announc...Read More

Budget 2021: No change in personal income tax slabs in Nirmala Sitharaman's Budget this time

Budget 2021: No change in personal income tax slabs in Nirmala Sitharaman's Budget this time

As Union Finance Minister Nirmala Sitharaman presented Budget 2021, the government did not make any change in the personal income tax sla...Read More

Budget 2021: Nirmala Sitharaman proposes Rs 1,500 crore-scheme to promote digital payments

Budget 2021: Nirmala Sitharaman proposes Rs 1,500 crore-scheme to promote digital payments

The government on Monday proposed Rs 1,500 crore-scheme to promote digital payments in the country. Finance Minister Nirmala Sitharaman s...Read More

Budget 2021: COVID-19 relief measures led to rise in expenditure in ongoing fiscal to Rs 34.50 lakh cr, says Nirmala Sitharaman

Budget 2021: COVID-19 relief measures led to rise in expenditure in ongoing fiscal to Rs 34.50 lakh cr, says Nirmala Sitharaman

The coronavirus pandemic relief measures resulted in rise in expenditure to Rs 34.50 lakh crore in the current fiscal as against Rs 30.42...Read More

Budget 2021: LIC IPO will be brought in FY22, says Nirmala Sitharaman

Budget 2021: LIC IPO will be brought in FY22, says Nirmala Sitharaman

Presenting the Union Budget, Union Minsiter Nirmala Sitharaman said that the government will bring the LIC IPO in Financial Year 2021-22....Read More

Budget 2021: Nirmala Sitharaman proposes to increase threshold for tax audit from Rs 5 cr to Rs 10 cr

Budget 2021: Nirmala Sitharaman proposes to increase threshold for tax audit from Rs 5 cr to Rs 10 cr

Union Minister Nirmala Sitharaman in her Budget presentation proposed to increase the threshold for tax audit from Rs 5 crore to Rs 10 cr...Read More

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