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Government seeks nod from Lok Sabha for net additional spending of Rs 58,378 crore this fiscal

Government seeks nod from Lok Sabha for net additional spending of Rs 58,378 crore this fiscal

Wed, Dec 06, 2023

The first batch of supplementary demands for grants for 2023-24 fiscal was tabled in the lower house of the parliament by Minister of State for Finance Pankaj Chaudhary.

Government lost Rs 1 lakh crore in taxes in FY'21 due to corporate tax cut: Minister Pankaj Chaudhary

Government lost Rs 1 lakh crore in taxes in FY'21 due to corporate tax cut: Minister Pankaj Chaudhary

Wed, Aug 09, 2023

In the fiscal year 2020-21, the government incurred a loss of slightly over Rs 1 lakh crore due to a reduction in corporate taxes, as disclosed by Pankaj Chaudhary, the Minister of State for Finance.

BPCL's disinvestment process reaches second stage, MoS Finance Bhagwat Karad tells Rajya Sabha

BPCL's disinvestment process reaches second stage, MoS Finance Bhagwat Karad tells Rajya Sabha

Tue, Mar 22, 2022

The disinvestment process of oil marketing firm Bharat Petroleum Corporation Ltd (BPCL) has reached the second stage.

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No plans to introduce cryptocurrency, MoS Finance Pankaj Chaudhary informs Rajya Sabha

No plans to introduce cryptocurrency, MoS Finance Pankaj Chaudhary informs Rajya Sabha

Tue, Mar 15, 2022

There is no plan to introduce cryptocurrency by the government, Minister of State for Finance Pankaj Chaudhary informed the Rajya Sabha on Tuesday.

It is 'New Decade's 'budget for 'New India': Anurag Thakur, MoS, Finance

It is 'New Decade's 'budget for 'New India': Anurag Thakur, MoS, Finance

Sun, Feb 02, 2020

The Budget is a budget for the 'New Decade' for 'New India'. It is a budget for the creation of a strong $5 trillion economy by 2025. Rs103 lakh crore will be invested in infrastructure creation, which is not small in itself. Rs3 lakh crore has been allocated for Ministry of Agriculture & Farmers' Welfare and Ministry of Rural Development. Rs1.76 lakh crore will be provided to the transport sector, Anurag Thakur, Minister for State for Finance says

Bill on financial service providers referred to joint panel

Bill on financial service providers referred to joint panel

Fri, Aug 11, 2017

The Financial Resolution and Deposit Insurance Bill, 2017, was referred to the joint committee of the two houses after it was introduced in the Lok Sabha by Minister of State for Finance Arun Ram Meghwal.

11 lakh PANs deactivated: Is your PAN active? Here's how you can find it

11 lakh PANs deactivated: Is your PAN active? Here's how you can find it

Mon, Aug 07, 2017

PAN which is a key identifier of taxable entity and aggregator of all financial transactions are being detected by the IT-department.

I-T Department unearths income of Rs 5,400 crore post-note ban

I-T Department unearths income of Rs 5,400 crore post-note ban

Sat, Jul 22, 2017

"During the period from November 9, 2016 to January 10, 2017, more than 1,100 searches and surveys were conducted by the I-T Department apart from issuing more than 5,100 verification notices in the cases of suspicious high value cash deposits or related activities," Minister of State for Finance Arjun Ram Meghwal told the Lok Sabha.

85% ATMs recalibrated till November 30

85% ATMs recalibrated till November 30

Fri, Dec 09, 2016

"Till November 30, a total of 179,614 ATMs have been recalibrated. There are 211,594 ATMs of scheduled commercial banks and 14,324 white label ATMs in the country according to September 30 data," Minister of State for Finance Santosh Kumar Gangwar told the Lok Sabha in a written reply.

Nine measures taken by government to curb black money

Nine measures taken by government to curb black money

Sat, Jul 30, 2016

Government has taken various measures such as policy-level initiatives, more effective enforcement action on the ground; putting in place robust legislative and administrative frameworks, systems and processes with due focus on capacity building, and integration of information and its mining through appropriate use of information technology.

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