Ministry of Finance

IT department raids 2 firms including Congress campaign management agency

According to the Ministry of Finance, during the searches, the tax officials found incriminating evidence that revealed that the goup had been engaged in obtaining accommodation entries.

published on : 18th October 2021

Odisha gets Rs 1,617.65 crore to meet GST shortfall

Odisha is one of the states which had opted for option 1 of the two choices provided by the Centre for borrowing to meet the GST shortfall caused by Covid-19 pandemic.

published on : 8th October 2021

PSB clerical hiring tests to be in 13 languages: Ministry of Finance

The Ministry of Finance has recommended that going forward, clerical recruitments for the twelve public sector banks will be conducted in the 13 regional languages along with English and Hindi.

published on : 1st October 2021

Banks disburse Rs 7,500 crore under Credit Guarantee Scheme for microfinance institutions

The Credit Guarantee Scheme for Micro Finance Institutions was announced in June as part of a Rs 6.29 lakh crore package to provide relief to various sectors affected by second wave of the pandemic.

published on : 29th September 2021

State-run banks rapidly adapting to digital world

Such loan offers were generated using the customer transactions data within the banks.

published on : 26th August 2021

Centre extends deadline for transaction advisor hiring for Vizag Steel Plant disinvestment 

As per the latest notification issued on Friday, the last date for submission of bids has been extended from August 17 to 26.

published on : 14th August 2021

OECD-G20 global tax deal: India says 'consensus agreement' likely by October

130 countries on Thursday agreed to an overhaul of global tax norms to ensure that multinational firms pay taxes wherever they operate and at a minimum 15 per cent rate.

published on : 2nd July 2021

Kerala to get Rs 240-crore Central assistance to fight COVID-19 pandemic

The state can allocate the amount as a grant to rural local bodies who can use it for various prevention and mitigation measures needed to combat the pandemic.

published on : 10th May 2021

Centre releases first instalment of Rs 8873.6 crore under State Disaster Response Fund to states

The ministry said that up to 50 per cent of the amount released i.e. Rs 4436.8 crore can be used by the states for COVID-19 containment measures.

published on : 1st May 2021

Senior IAS officer Ajay Seth takes over as new Economic Affairs Secretary

A 1987-batch IAS officer of Karnataka cadre, Seth replaces Tarun Bajaj, who moved as Revenue Secretary in the Ministry of Finance.

published on : 16th April 2021

Consequences of reducing interest

In that context, the government may have set out with good intentions, but in the end embarrassed itself and sacrificed its own credibility in lieu of anticipated political mileage. 

published on : 3rd April 2021

No ego about reforms not working at first: Economic Advisor Sanjeev Sanyal at ThinkEdu Conclave

Sanyal sounded positive when he spoke about how well the economic reforms and COVID response strategies have been received by the states.

published on : 28th March 2021