Finance Ministry

Modi's USD 5 trillion goal gets a China headache

India's exports shrank 9.71 per cent last month to USD 25.01 billion in June with key sectors such as petroleum, gems and jewellery, rice and engineering goods registering steep falls.

published on : 20th July 2019

Centre now eyes SEBI’s surplus funds

It also provides for constitution of a Reserve Fund, where 25 per cent of the annual surplus of the General Fund in any year has to be credited.

published on : 19th July 2019

Union cabinet okays seven amendments to Insolvency and Bankruptcy code

The amendments include enforcement of a strict 330-day timeline for completion of the resolution process, including judicial matters.

published on : 18th July 2019

Tax officials detected Rs 37,946 crore fraud in FY19, Finance Ministry tells Parliament

In 2018-19, 1,620 cases of fake invoicing were detected involving Rs 11,251.23 crore, and 154 persons were arrested.

published on : 16th July 2019

Government chooses to favour infant firms over dwarfs in Budget proposals

The fact that the tax sleuth will have to take approval of a supervisor before initiating scrutiny will reduce instances of harassment of startups and venture capitalists in the name of Angel tax.

published on : 13th July 2019

Centre mulls cap on tax rates for mining firms at 40 per cent

The mining sector demanded a 20-year extension of leases for private firms as well.

published on : 13th July 2019

FinMin to look into applicability of 20% tax on share buybacks by listed cos

Nirmala Sitharaman in her 2019-20 Budget speech proposed to provide that listed companies shall also be liable to pay additional tax at 20 per cent in case of share buyback.

published on : 12th July 2019

Nearing completion Swachh Bharat mission sees cut in allocation: Expenditure Secretary

Girish Chandra Murmu said that the mission would now be undertaken on a back-end mission of solid waste management under a cluster system.

published on : 12th July 2019

Press Council urged to step in as Finance Ministry restricts entry of scribes

The letter, signed by office bearers of Press Association, Press Club of India, Indian Women's Press Corps and Foreign Correspondents Club, termed the ministry's move as "unilateral and undemocratic".

published on : 12th July 2019

Finance Ministry plans to list three public sector firms on markets by October

National Seeds Corporation, Telecom Consultants India Limited and FAGMIL are the three PSUs that will make the IPOs.

published on : 12th July 2019

AP Finance Minister Buggana Reddy blames Naidu government’s profligacy for financial crisis

Buggana explained that Rs 4,800 crore, availed as working capital financing through civil supplies department in previous government, was diverted for Pasupu Kumkuma and others.

published on : 11th July 2019

Editors Guild condemns FM's decision of blocking access for reporters, urges to lift restriction

'The Guild has no dispute with the ministry that journalists should behave with restraint and responsibility while enjoying their access to FM. But a blanket order is not the answer.'

published on : 11th July 2019

Making sense of India’s financial cycles

For the first time, an RBI study establishes that India too has financial cycles and that the current cycle reached its trough in 2018.

published on : 10th July 2019

Finance Ministry asks officers to guide taxpayers on Budget proposals

Union Finance Minister Nirmala Sitharaman proposed to raise duties on many items other than diesel, petrol and gold.

published on : 6th July 2019

Finance Ministry​ makes progress in strategic sale of 28 CPSEs

HSCC was acquired by NBCC India at a consideration of Rs 285 crore, while DCIL was bought by a consortium of four ports at Rs 1,049 crore.

published on : 4th July 2019
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