Tag: Finance Ministry

Insurance biz: MNCs can own 74%, but FIIs, PEs hold the key

(This story originally appeared in on Jul 12, 2021) Mumbai: The government last week notified amendments to regulations for the insurance sector that enabled an...

Nirmala Sitharaman urges G20 nations for aligning recovery strategies with climate concerns

Finance Minister Nirmala Sitharaman on Saturday urged G20 nations for aligning economic recovery strategies with climate concerns. Participating virtually in the Third G20 Finance Ministers...

GST collections drop to Rs 92,849 crore in June, break 8-month streak of crossing Rs 1 lakh crore

Goods and services tax collections for June grossed Rs 92,849 crore, dropping below Rs 1 lakh crore mark for the first time this year. Collections...

View: Real reforms are policy changes that make the economy run better with less political meddling

Every nation has its holy days. Ours are Independence Day, when Jawaharlal Nehru raised the tricolour on Red Fort, and Republic Day, when the British...

gst: A ‘Good & Simple Tax’? 4 years of GST and the road ahead

On the fourth anniversary of the introduction of Goods and Services Tax (GST) in India, on looking back to the journey so far, the reaction...

FinMin, Infosys meet on glitches in new I-T portal on Tuesday; to discuss stakeholder inputs

Two weeks since the much talked about new income tax return filing portal was launched, technical glitches continue to mar the site, an issue finance...

Indians’ funds in Swiss banks: Govt seeks details from Swiss authorities

The finance ministry on Saturday asserted that Indian customer deposits in Swiss banks have fallen since 2019, but said it is seeking details from Swiss...

FM asks infra ministries, CPSEs to front-load capex, explore PPP mode for viable projects

Finance minister Nirmala Sitharaman asked ministries to front-load their capital expenditure and achieve more than the set targets during the performance review on infrastructure roadmap...

Explaining controversy over ‘now-retired’ West Bengal Chief Secretary

Following is the gist of the controversy over sudden transfer of West Bengal Chief Secretary Alapan Bandyopadhyay, who retired on Monday, to Delhi and related...

Finance Ministry: Budget heading for vaccination expenditure does not inhibit Centre from using funds: Finance ministry

The finance ministry on Monday said provisioning Rs 35,000 crore-expenditure for vaccines in the Union Budget for FY22 under the title ‘Transfers to States’ does...

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

Having successfully managed the first wave of the coronavirus pandemic, India is well prepared to combat the scourge of the second wave, the Finance Ministry‘s...

View: The Central government may not be able to bite the small saving interest bullet for long

On the evening of Wednesday, March 31, as the financial year was drawing to an end, the finance ministry issued an order to steeply cut...

amfi: Did AMFI do a U-turn on Sebi’s AT1 bond rule for mutual funds?

While the Finance Ministry’s ‘request’ to Sebi to withdraw the new valuation rule for perpetual bonds surprised many, what intrigued industry watchers more was mutual...

What’s the hubbub over Sebi and AT-1 bonds about?

A Securities and Exchange Board of India (SEBI) circular regarding valuation of Additional Securities Tier 1 (AT-1) bonds on March 11 had sent shock waves...

Indian economy to do better than -8 pc prediction: FinMin

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

NRIs, foreign nationals stranded in India to submit details of double taxation by March 31

The Central Board of Direct Taxes (CBDT) has asked non-resident individuals facing double taxation on income for FY 020-21 because of forced overstay in India...

How domestic and foreign companies are upbeat about PLI scheme to make India a manufacturing powerhouse

Computers to lightbulbs, air conditioners to washing machines, phones to medicines, factories in India don’t make the whole product across several categories. What goes for...

Confident that disinvestment calendar will work well, non-tax revenues to improve in FY22: FM

NEW DELHI: Finance Minister Nirmala Sitharaman on Thursday exuded confidence that the disinvestment calendar announced in the Union Budget will “work well”. Addressing members of...

Finmin looks at BIC model after RBI raises concern over zero coupon bonds for PSBs recap

NEW DELHI: With the RBI raising concern over the issuance of zero coupon bonds for recapitalisation of public sector banks (PSBs), the Finance Ministry is...

Approval of COVID vaccine lends strength to optimism on health, economic fronts: Finance Ministry report

New Delhi: Approval of the long-awaited COVID-19 vaccine provides strength to the optimism on health and economic fronts, the Finance Ministry said in its monthly...

Taxpayers pay Rs 72,480 crore tax under Vivaad Se Vishwas scheme: Sources

Central public sector units (CPSEs) and other taxpayers have paid up tax of Rs 72,480 crore against the disputed demand under the Vivaad Se Vishwas...

Finance Ministry issues guidelines for implementation of interest waiver on loan

In a festival gift to borrowers, the Finance Ministry on Wednesday approved guidelines for a scheme for grant of ex-gratia payment of the difference between...

Reforms undertaken to contain COVID-19 impact to ensure long-term sustained growth: FinMin report

New Delhi: Important structural reforms undertaken by the government to combat risks associated with the coronavirus pandemic will strengthen the country’s economic fundamentals and ensure...

September data showing “credible signs” of eco growth: FinMin

NEW DELHI: The Finance Ministry on Saturday said the month of September has exhibited “credible signs” of economic growth towards normalcy and the government is...

Temporary retention of GST compensation in the Consolidated Fund isn’t diversion: FinMin Sources

Temporary retention of goods and services tax (GST) compensation in the Consolidated Fund of India (CFI) pending reconciliation cannot be termed as diversion, finance ministry...