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GNPA of PSBs declines to 3.12% in September from peak of 14.58% in March 2018: Finance Ministry

GNPA of PSBs declines to 3.12% in September from peak of 14.58% in March 2018: Finance Ministry

Thu, Dec 12, 2024

Gross non-performing assets (NPAs) of public sector banks (PSBs) have declined to a decade low of 3.12 per cent at the end of September 2024 from a peak of 14.98 per cent in March 2018 on the back of measures like the 4Rs -- recognition, recapitalisation, resolution, and reform -- taken by the government, the finance ministry said on Thursday.

Insurance Amendment Bill proposing 100% FDI unlikely in winter session

Insurance Amendment Bill proposing 100% FDI unlikely in winter session

Sun, Dec 08, 2024

Insurance Amendment Bill, which proposes 100 per cent FDI in the insurance sector, may not be introduced in Parliament in the ongoing session, sources said. Some finetuning may be required in the draft Bill after receiving comments from stakeholders, sources said.

Finance Ministry proposes to raise FDI in insurance to 100%

Finance Ministry proposes to raise FDI in insurance to 100%

Thu, Nov 28, 2024

The finance ministry has proposed to amend various provisions of the Insurance Act, 1938, including raising foreign direct investment (FDI) in insurance sector to 100 per cent, reduction in paid-up capital, and provision for composite licence.

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Cabinet Secretary calls meeting to discuss $5 trillion economy vision

Cabinet Secretary calls meeting to discuss $5 trillion economy vision

Sun, Jul 07, 2019

Cabinet Secretary P.K. Sinha has asked various departments of Finance Minsitry for a meeting to discuss the vision, policy intervention, investment and departmental responsibilities towards achieving the target of a $5 trillion economy.

Aapki Khabar Aapka Fayeda: CEA, Finance Ministry releases Economic Survey 2018-19

Aapki Khabar Aapka Fayeda: CEA, Finance Ministry releases Economic Survey 2018-19

Thu, Jul 04, 2019

Finance Minister Nirmala Sitharaman today tabled the Economic Survey 2018-19 in the Rajya Sabha. As the flagship document of the finance ministry, the Economic Survey, prepared by Chief Economic Adviser Krishnamurthy Subramanian, highlights the challenges that the economy might face in its pursuit to become the world's fifth largest economy.

Money Guru: What taxpayers expects from Financial budget 2019?

Money Guru: What taxpayers expects from Financial budget 2019?

Thu, Jul 04, 2019

This is the time when an individual taxpayer looks forward to tax relief with the hope that he/ she will be left with more post-tax income in his/her hand.

#ZBizExclusive shares news on how Business has prospects of growth with #BudgetWithZEE with Dinesh Agarwal, Founder & MD #IndiaMART

#ZBizExclusive shares news on how Business has prospects of growth with #BudgetWithZEE with Dinesh Agarwal, Founder & MD #IndiaMART

Thu, Jul 04, 2019

#ZBizExclusive shares news on how Business has prospects of growth with #BudgetWithZEE with Dinesh Agarwal, Founder & MD #IndiaMART. Watch video to know more.

Reforms of last 5 years will bear fruit says Rajiv Kumar, Vice Chairman NITI Aayog with #BudgetWithZEE

Reforms of last 5 years will bear fruit says Rajiv Kumar, Vice Chairman NITI Aayog with #BudgetWithZEE

Thu, Jul 04, 2019

When it comes to real-estate market, the previous budgets from the Indian government have primarily focussed on the residential market. Commercial real estate segment which is already around one- fourth of the size of residential market has never been a priority area.

Know the market moves of #Budget2019 with #BudgetWithZEE

Know the market moves of #Budget2019 with #BudgetWithZEE

Thu, Jul 04, 2019

The first full-time woman Finance Minister (FM) is all set to present her maiden Budget of the NDA 2.0 government, on July 5, 2019. This is the time when an individual taxpayer looks forward to tax relief with the hope that he/ she will be left with more post-tax income in his/her hand.

Know about the best share you can purchase ahead of Budget 2019

Know about the best share you can purchase ahead of Budget 2019

Wed, Jul 03, 2019

Know about the best share you can purchase ahead of Budget 2019. Watch video to know more.

Know about Bollywood actress Mahi Gill's expectations from Budget 2019

Know about Bollywood actress Mahi Gill's expectations from Budget 2019

Wed, Jul 03, 2019

Know about Bollywood actress Mahi Gill's expectations from Budget 2019, Watch video to know more.

Budget 2019: Will inheritance tax return after 35 years? Here is what experts think

Budget 2019: Will inheritance tax return after 35 years? Here is what experts think

Wed, Jul 03, 2019

A tax on properties, jewellery, shares, fixed deposits (FDs), cash in bank inherited is likely in the upcoming Union Budget, official sources here said on Wednesdsay.

Nirmala Sitharaman holds pre-budget meeting

Nirmala Sitharaman holds pre-budget meeting

Fri, Jun 21, 2019

Union Finance Minister Nirmala Sitharaman on Friday held a pre-budget meeting with finance ministers of all the states on Friday. She is scheduled to present the budget for 2019-20 on July 5.

Manual checks in IGST refunds to prevent unscrupulous exporters from defrauding exchequer: FinMin

Manual checks in IGST refunds to prevent unscrupulous exporters from defrauding exchequer: FinMin

Thu, Jun 20, 2019

According to FinMin, the new verification exercise is aimed at preventing unscrupulous exporters from defrauding the exchequer and bringing a bad name to the larger exporting community.

Government sacks 15 more senior Income Tax officials over corruption charges

Government sacks 15 more senior Income Tax officials over corruption charges

Tue, Jun 18, 2019

Last week, the government had dismissed 12 income tax officials who were facing corruption charges.

India firm on decision to impose retaliatory tariff on 29 US items

India firm on decision to impose retaliatory tariff on 29 US items

Fri, Jun 14, 2019

India will impose retaliatory import duties on 29 US products, including almond, walnut and pulses, sources said Friday. In May last year, the ministry had extended the deadline for imposing higher tariffs on these US products till June 16.

Desh Ki Baat: 12 senior I-T Officers ordered compulsory retirement by Finance Ministry

Desh Ki Baat: 12 senior I-T Officers ordered compulsory retirement by Finance Ministry

Tue, Jun 11, 2019

The axe has fallen on about 12 senior officers of the rank of chief commissioners, principal commissioners, commissioners of income tax department under rule FR (fundamental rule) 56 (j) of central civil services (pension) rules.

GST Council to consider e-invoicing for firms with over Rs 500-cr turnover

GST Council to consider e-invoicing for firms with over Rs 500-cr turnover

Tue, Jun 11, 2019

According to the interim report filed by a high-level panel on ‘Generation for E-invoice through GST network portal’, the system will be first brought in for the firms with a turnover of over Rs 500 crore for easier compliance.

Finance Minister Nirmala Sitharaman holds second pre-budget meet

Finance Minister Nirmala Sitharaman holds second pre-budget meet

Tue, Jun 11, 2019

Finance Minister Nirmala Sitharaman on June 11 held her second pre-Budget consultations with different stakeholder groups from industry, trade and services sectors.

Budget should focus on promoting food processing to boost farmer's income

Budget should focus on promoting food processing to boost farmer's income

Tue, Jun 11, 2019

Farm experts and agriculture organisations on Tuesday suggested that in the 2019-20 budget, the government should focus on increasing farmers' income by promoting food processing and farm exports besides addressing certain taxation issue.

Budget may consider sops to MSME export units

Budget may consider sops to MSME export units

Mon, Jun 10, 2019

The interim Budget had not announced any incentives for the MSME sector. The sector had received maximum damage on unemployment of consumption fall due to introduction of the Goods and Service Tax (GST) and demonetization.

Finance Ministry mulling tax in Budget on cash withdrawal of 10 lakh a year

Finance Ministry mulling tax in Budget on cash withdrawal of 10 lakh a year

Mon, Jun 10, 2019

Total Withdrawal Above Rs. 10 Lakh A Year May Attract Tax. To know more watch the video

Budget 2019: Nirmala Sitharaman to hold first meet with farm groups Tuesday

Budget 2019: Nirmala Sitharaman to hold first meet with farm groups Tuesday

Sun, Jun 09, 2019

Later in the day, Sitharaman will elicit views of industry bodies on various issues, including steps to boost FDI inflows and industrial productivity, as part of the pre-Budget consultation exercise.

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