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Finance Ministry

Govt Notifies 8.65% Interest On EPF For FY 2018-19, Rs. 54000 Cr To Be Credited

After a prolonged confusion in respect of interest rate on EPF for lakhs of employed people, the Union government finally offered relief by notifying rates on EPF for the fiscal year 2018-19. The interest rate has been decided at 8.65% per ...

Rajiv Kumar Appointed As The New Finance Secretary

On Tuesday, the Appointments Committee of the Cabinet approved the appointment of department of financial services (DFS) secretary Rajiv Kumar as the new finance secretary. Kumar will succeed Subhash Chandra Garg, who was transferred to the power ministry as a secretary ...

Finance Ministry Prepares 100-Day Agenda For New Govt With Focus On Boosting Economy

As the General Election 2019 comes to an end, the Finance Ministry (Fin Min) has prepared a 100-day agenda for the new government that will be formed in the coming days, a PTI report said. With a fall in GDP (gross ...

Finance Ministry Is Preparing For Full Budget; To Be Presented In July

India is in the midst of its seven-phased Lok Sabha elections and in such a year, where there is a possibility of change in government, the complete financial budget is presented after the formation of the new government. On 1 February, ...

Finance Ministry Says Reports Of Decline In ITR E-Filing For FY19 Are Incorrect

In a press release on Monday, the Ministry of Finance said that the media reports on reduction in number of Income Tax Returns (ITR) are "factually untrue" as the results pertaining to financial year 2018-19 and 2017-18 are not comparable. "There ...

Finance Ministry May Raise Cap On 59-Minute Loans

The ministry of finance is likely to consider raising the cap on the 59-minute loan scheme to Rs 3-5 crore from the present Rs 1 crore. According to an IANS report citing government sources, this cap will be raised in a ...

Arun Jaitley Likely To Take Charge Of Finance Ministry From Today

As per official sources, Union Minister Arun Jaitley is likely to take charge of the Finance Ministry on Friday, after returning from the US last week. On January 13, the minister left for New York for medical treatment after he was ...

Arun Jaitley Likely Take Charge Finance Ministry From Today

Issues That Ll Be Taken Up During Rbi Meet Today

Issues That’ll Be Likely Taken Up During RBI Meet Today

Given the crisis-hit NBFC sector and the weakening credit outstanding to the MSME sector, the RBI has called up for the board meet today. In addition the current rift, between the RBI and the government on RBI's autonomy will be further ...

RBI Governor Urjit Patel May Resign: Sources

As per an important story that broke down today early morning, "an irreversible breakdown has occurred between RBI governor and the government". And citing similar sources, it has come to light that "RBI governor may even consider resigning. All options on ...

Finance Ministry Says Punjab National Bank Issued Over 41,000 LoUs Since 2011

The Finance Ministry said that the Punjab National Bank (PNB) had issued as many as 41,178 Letters of Undertaking (LoUs) since 2011, of which 1,590 were given to Nirav Modi, Mehul Choksi and their associates, reports from PTI. Nirav Modi ...

Govt to Unveil Separate Law for Bankruptcy in Financial Sector

The Indian Government has said that it is likely to introduce in the monsoon session of Parliament a separate bankruptcy law to deal with insolvency in financial sector companies that include banks and NBFCs. Commenting on the issue, a senior finance ...

Govt Unveil Separate Law Bankruptcy Financial Sector

What Is The Impact Gst Implementation On Different Industrie

What Is The Impact of GST Implementation on Different Industries?

GST, the biggest reform in the tax structure in the history of Indian economy shall come in play from July 1, 2017 as put forth by the Finance Ministry. Though final tax structure is still to be decided on a meeting ...