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Ministry of Finance

DIPAM issues revised capital restructuring norms for CPSEs

DIPAM issues revised capital restructuring norms for CPSEs

Tue, Nov 19, 2024

Any listed CPSE, whose market price exceeds 150 times its face value consistently for the last six months, may consider splitting off its shares.

Centre to finance 65% of Chennai Metro Phase 2 project: Finance Ministry

Centre to finance 65% of Chennai Metro Phase 2 project: Finance Ministry

Sat, Oct 05, 2024

This will include the entire required loan of Rs 33,593 crore, besides the equity and subordinate debt of Rs 7,425 crore.

Central govt allocates Rs 3.66 lakh crore to states between April -July 24, Rs 57,109 crore more than last year

Central govt allocates Rs 3.66 lakh crore to states between April -July 24, Rs 57,109 crore more than last year

Sat, Aug 31, 2024

According to the ministry this is an increase of Rs 57,109 crore compared to the same period in the previous fiscal year. It reflects the fiscal federalism by the government.

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10 more days to use Rs 500, 1000 notes at Govt hospitals, petrol pumps

10 more days to use Rs 500, 1000 notes at Govt hospitals, petrol pumps

Mon, Nov 14, 2016

Finance Ministry on Sunday late night said that old currencies of Rs 500 and Rs 1,000 denominations will be accepted for another 10 days at government hospitals, petrol pumps and toll booths. Exchange of these notes at specified places was earlier allowed only up till November 11.

Demonetisation aftermath: Rs 3 lakh crore collected so far

Demonetisation aftermath: Rs 3 lakh crore collected so far

Mon, Nov 14, 2016

During the first four days - from November 10 – November 13, 2016 till 5 pm, nearly Rs 3 lakh crore of old notes have been deposited in the banking system, Ministry of Finance said.

FinMin ask banks, LIC to keep watch on Tata group developments

FinMin ask banks, LIC to keep watch on Tata group developments

Sun, Nov 06, 2016

In Tata Power LIC owns 13.1% stake, 7.13% in Tata Motors, 8.8% in Indian Hotels and 9.8% in Tata Global Beverages.

Largest ever haul: DRI seizes Mandrax worth Rs 3000 crore

Largest ever haul: DRI seizes Mandrax worth Rs 3000 crore

Wed, Nov 02, 2016

The seizures of Methaqualone is largest not only in India but also in the world, the Ministry confirmed.

Govt to repurchase Rs 20,000 crore of bonds in reverse auction: FinMin

Govt to repurchase Rs 20,000 crore of bonds in reverse auction: FinMin

Sat, Oct 22, 2016

Auction for securities will be on price-based auction format.

Govt continues crackdown on gold smuggling with Rs 13 crore seizure

Govt continues crackdown on gold smuggling with Rs 13 crore seizure

Mon, Oct 17, 2016

20 bars of gold are of 1 kg each with foreign markings and of 995 purity.

Direct Tax collection rises to Rs 3.27 lakh crore till September: FinMin

Direct Tax collection rises to Rs 3.27 lakh crore till September: FinMin

Mon, Oct 10, 2016

As per the Ministry, till September, 38.65% of the Budget Estimates of direct tax fpr FY17 has been achieved.

Indirect tax collection rose by 25.9% in Sept: FinMin

Indirect tax collection rose by 25.9% in Sept: FinMin

Mon, Oct 10, 2016

Till September, 52.5% of the Budget Estimates (BE) of indirect taxes for the current financial year has been achieved, Ministry of Finance said.

Income Tax Dept to be "open" till midnight on Sept 30

Income Tax Dept to be "open" till midnight on Sept 30

Tue, Sep 27, 2016

Central Board of Direct Taxes (CBDT) will be open and working till midnight of September 30, 2016, it said in a statement.

Ministry of Finance names three members for MPC

Ministry of Finance names three members for MPC

Thu, Sep 22, 2016

The members of MPC is appointed for a period of four years but will not be eligible for re-appointment.

5th Tranche of SGB to cross Rs 820 crore, Ministry of Finance says

5th Tranche of SGB to cross Rs 820 crore, Ministry of Finance says

Thu, Sep 22, 2016

The fourth tranche of amassed the highest wealth so far of Rs 919 crore from investors.

India's external debt rises by 2.2% to $ 485.6 billion

India's external debt rises by 2.2% to $ 485.6 billion

Mon, Sep 19, 2016

“India’s external debt has remained within manageable limits in 2015-16 as indicated by the increase in foreign exchange reserves to debt ratio to 74.2%, the external debt-GDP ratio of 23.7%, and fall in short term debt to 17.2%, said Department of Economics.

Govt intelligence agency cracks gold smuggling racket worth Rs 2,000 crore

Govt intelligence agency cracks gold smuggling racket worth Rs 2,000 crore

Mon, Sep 19, 2016

This probably is the single biggest case of detection of gold smuggling by any agency in India.

Sarfaesi provisions can help resolve NPAs of NBFCs faster: Icra

Sarfaesi provisions can help resolve NPAs of NBFCs faster: Icra

Sun, Sep 18, 2016

Domestic rating agency Icra has said the decision to extend provisions of the Sarfaesi Act to loans given by non-banking finance companies will help bring down delinquencies and may result in cheaper funds for borrowers.

Income Tax return filing date extended to October 17

Income Tax return filing date extended to October 17

Mon, Sep 12, 2016

Earlier the due date of filing I-T returns were on September 30.

Sovereign Gold Bonds: RBI to accept applications for fifth tranche from today

Sovereign Gold Bonds: RBI to accept applications for fifth tranche from today

Thu, Sep 01, 2016

The bonds will be sold through banks, Stock Holding Corporation of India Limited (SHCIL), designated post offices and NSE and BSE.

Direct tax collections surge 24% till July 2016

Direct tax collections surge 24% till July 2016

Tue, Aug 09, 2016

Direct tax collections amounted to Rs 1.59 lakh crore up to July 2016. Net collections of direct taxes is 24.01% up till July 2016.

Top 100 borrowers owe PSBs Rs 14 lakh crore: Govt

Top 100 borrowers owe PSBs Rs 14 lakh crore: Govt

Tue, Aug 09, 2016

Government today said the top 100 borrowers of public sector banks owe nearly Rs 14 lakh crore to them.

GST Bill may be sent to Lok Sabha for approval on Monday

GST Bill may be sent to Lok Sabha for approval on Monday

Fri, Aug 05, 2016

Once the amended Bill is approved by the Lok Sabha, it will be sent to the state assemblies.

GST Bill: A timeline of events since 2003

GST Bill: A timeline of events since 2003

Thu, Aug 04, 2016

The Ministry said that the bill was first discussed in the report of the Kelkar Task Force on indirect taxes.

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