Ministry of Finance

Fund raising for public issues up 115 pc in FY21

Fund raising for public issues up 115 pc in FY21

This is an increase of 115 per cent and 15 per cent respectively despite the uncertainty prevailing owing to COVID-19 pandemic, according...Read More

Banks sanctioned Rs 25,586 cr to 1.14 lakh Stand-Up India accounts in 5 years: Finance Ministry

Banks sanctioned Rs 25,586 cr to 1.14 lakh Stand-Up India accounts in 5 years: Finance Ministry

The Finance Ministry on Sunday said banks have sanctioned Rs 25,586 crore to about 1,14,322 beneficiaries under the Stand-Up India Scheme...Read More

Budget session to start on Jan 29; Union Budget 2021 to be presented on Feb 1

Budget session to start on Jan 29; Union Budget 2021 to be presented on Feb 1

The Cabinet Committee on Parliamentary Affairs (CCPA) has recommended that the Budget session of Parliament commence from January 29 and ...Read More

FinMin releases weekly instalment of Rs 6,000 cr to states to meet GST compensation shortfall

FinMin releases weekly instalment of Rs 6,000 cr to states to meet GST compensation shortfall

The Finance Ministry on Monday released the tenth instalment of Rs 6,000 crore to the states to meet the GST compensation shortfall, taki...Read More

GST collections hit record high in December 2020: All you need to know

GST collections hit record high in December 2020: All you need to know

GST collections peaked in December due to festive sales, restocking and imports among others.

Finance panel bats for a range of fiscal deficit

Finance panel bats for a range of fiscal deficit

MUMBAI: N.K. Singh, chairman of the 15th Finance Commission, said having a fiscal deficit range, instead of a single target, may be the n...Read More

FinMin says PSBs will not raise bank charges amid pandemic

FinMin says PSBs will not raise bank charges amid pandemic

Bank of Baroda rolls back order reducing free cash transactions

PM Modi to release Rs 100 commemorative coin in honour of Rajmata Vijaya Raje Scindia

PM Modi to release Rs 100 commemorative coin in honour of Rajmata Vijaya Raje Scindia

Prime Minister Narendra Modi is set to release a commemorative coin of Rs 100 in honour of Rajmata Vijaya Raje Scindia at a virtual cerem...Read More

Finance Ministry allows five states to raise Rs 9,913 crore as additional borrowings on meeting reform targets

Finance Ministry allows five states to raise Rs 9,913 crore as additional borrowings on meeting reform targets

The Union Finance Ministry has granted permission to raise additional financial resources of Rs 9,913 crore to Andhra Pradesh, Telangana,...Read More

Ministry of Finance: Expert committee to assist Government for assessment of relief to bank borrowers

Ministry of Finance: Expert committee to assist Government for assessment of relief to bank borrowers

Various concerns have been raised during the proceedings of the ongoing hearing in Hon’ble Supreme Court of India, in the matter of Gajen...Read More

Is the Centre considering privatising more public sector banks?

Is the Centre considering privatising more public sector banks?

There are preparations to bring down the number of public sector banks from 12 to 5, Reuters reported on Tuesday.Sources in the governmen...Read More

India external debt rises 8.2% YoY to USD 563.9 bn as on Dec 31

India external debt rises 8.2% YoY to USD 563.9 bn as on Dec 31

India's external debt rose to $563.9 bln as on Dec 31, registering a year-on-year increase of 8.2%, data released this week by the Minist...Read More

Looking to buy that new Redmi or POCO? Here's why they're going to cost more

Looking to buy that new Redmi or POCO? Here's why they're going to cost more

Briefing reporters after the 39th GST Council meeting, she said Infosys Chairman Nandan Nilekani made a detailed presentation for the tra...Read More

Budget 2020: At least 80% of taxpayers will move to new scheme, says Finance Ministry

Budget 2020: At least 80% of taxpayers will move to new scheme, says Finance Ministry

The budget 2020-21 introduced more tax slabs and offers higher limits provided the taxpayer is ready to forego all the existing exemption...Read More

Budget 2020:  Nirmala Sitharaman abruptly ends presentation; House adjourned

Budget 2020: Nirmala Sitharaman abruptly ends presentation; House adjourned

The Budget speech will begin at around 11 am today with Sitharaman beginning it with an address to the speaker of Lok Sabha. Usually, the...Read More

Budget 2020: FM kicks off the countdown with 'Halwa' ceremony

Budget 2020: FM kicks off the countdown with 'Halwa' ceremony

The ritual marks the beginning of printing of documents relating to Union Budget 2020-21.

International Monetary Fund to send SOS mission to Pakistan

International Monetary Fund to send SOS mission to Pakistan

Islamabad: In the wake of worsening fiscal front of the economy, the International Monetary Fund (IMF) has decided to send an 'SOS' missi...Read More

Centre sets up inter-ministerial panel to monitor major infra projects

Centre sets up inter-ministerial panel to monitor major infra projects

An inter-ministerial task force is being formed by Department of Economic Affairs (DEA) to finalise pipeline of infrastructure projects

Finmin spent Rs 1,157 cr extra in 2017-18 without obtaining prior approval: CAG

Finmin spent Rs 1,157 cr extra in 2017-18 without obtaining prior approval: CAG

New Delhi: The Ministry of Finance spent Rs 1,157 crore on various heads during 2017-18 without obtaining prior approval of Parliament, t...Read More

Taiwan: Protestors march to Presidential Office demanding transparent tax system

Taiwan: Protestors march to Presidential Office demanding transparent tax system

China: Taiwan witnessed the Yellow vest protest as the anti-tax demonstrators took to streets and the movement inspired by the French pro...Read More

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