Ministry of Finance

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.  

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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.

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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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Last day for filing GSTR-1 return for July 2017; Key details to remember

Tue, Oct 10, 2017

GSTR-1 is a 13 section form which needs to be filed by every registered dealer containing details of their sales transation for the month. 

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7th Pay Commission: Arrears on your revised minimum pay may soon stop

Mon, Oct 09, 2017

On June 28, 2017,  Finance Minister Arun Jaitley chaired Union Cabinet approved the recommendations under 7th Pay Commission with 34 modifications. 

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GST Council to continue rationalising rates: Pratap Shukla

Sat, Oct 07, 2017

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Sovereign Gold Bonds tranche-III issue opens on October 9

Sat, Oct 07, 2017

The government on Friday said the "Sovereign Gold Bonds 2017-18 -- Series-III" will open for public subscription from October 9 to December 27, 2017.

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Uday Kotak Committee suggests changes in corporate governance rules; Key changes

Fri, Oct 06, 2017

Sebi has introduced new norms  to safeguard and improve the performance of Independent Directors, related party transaction, listed companies and general meetings.

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Rs 4500 crore deposited, withdrawn from suspected shell companies' accounts, Govt says

Fri, Oct 06, 2017

Banks started scanning last week all the account details of directors who were disqualified by the ministry of corporate affairs as part of alleged shell companies. 

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New Rs 100 notes are coming this April 2018?

Wed, Oct 04, 2017

Rs 100 may be soon distributed in India in two formats both banknotes and coin pattern. RBI so far has revamped four bank notes in a move to eliminate fake currency.

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Excise duty on petrol, diesel cut by Rs 2 per litre; revenue loss of Rs 13,000 crore in FY18

Tue, Oct 03, 2017

Petrol and diesel prices have reached to a three year high since the time they have undergone daily revision - which has impacted India's Wholesale Price Index (WPI) inflation too. 

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India's fiscal deficit in August crosses 96% of budget estimates

Fri, Sep 29, 2017

The government has estimated fiscal deficit of Rs 546,532 crore for FY18 - out of which it has reached at a deficit of Rs  525,045 crore by end of August. 

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Banks begin searching for accounts of shell companies' directors

Tue, Sep 26, 2017

A Shell company is an entity without any active business operations or significant assets. In India it has presently stolen limelight as it has become a cause of concern in regards to black money. ​

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Taxpayers can revise TRANS 1 Form till October 31

Fri, Sep 22, 2017

Ministry of Finance on Friday said that the mistakes made while filing TRANS 1 Form of admissible credit can now be corrected by taxpayers. The Ministry in a release said that GST Council has decided to provide a facility for assessees to revise their TRANS 1 form.

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7th Pay Commission: Ministry of Finance likely to take final call on minimum pay hike by January

Thu, Sep 21, 2017

The Ministry of Finance is planning to raise the minimum pay hike from Rs 18,000 to Rs 21,000 under 7th Pay Commission. 

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7th Pay Commission: Central govt employees not to get arrears on revised minimum pay

Fri, Sep 15, 2017

While the central government employees are hoping to get hike in minimum pay under 7th Pay Commission soon, the government has now decided that the employees will not get arrears on revised minimum pay, a media report said. 

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New Rs 100 coin coming soon; All you need to know

Tue, Sep 12, 2017

Rs 100 coins will be launched in two format first one baring the mark of Dr. M. S. Subbulakshmi and the second one barring of Dr. M.G. Ramachandran Birth Centenary.

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UIDAI chief A B Pandey appointed interim GSTN chairman

Fri, Sep 08, 2017

AB Pandey was given additional charge days after GSTN's first chairman Navin Kumar completed his term on August 29.

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Focus on infra, power and exports to boost GDP growth, says Rajan

Fri, Sep 08, 2017

For the quarter ended June, India's GDP growth slumped to a three-year low of 5.7 per cent -- lagging China for the second straight quarter -- as manufacturing slowed ahead of the GST launch amid the lingering effect of demonetisation.

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Up to 10-year jail for siphoning shell firms' money: Centre

Thu, Sep 07, 2017

"It has been decided that in case director/authorised signatory of any struck-off company tries to unauthorisedly siphon off money from its bank account, he/she may attract imprisonment of not less than six months and extendable to 10 years," a Finance Ministry statement here said.

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7th Pay Commission: Central govt employees likely to get hike in minimum pay to Rs 21,000

Tue, Sep 05, 2017

The central government employees may soon get a good news on minimum pay as the Ministry of Finance is likely to hike it from Rs 18,000 to Rs 21,000 under 7th Pay Commission, a media report said. 

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FinMin writes to heads of PSU banks on consolidation

Sun, Sep 03, 2017

The finance ministry has written letters to all heads of PSU lenders informing them the government's decision to set up a ministerial panel to facilitate consolidation in the public banking space.

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GST returns filing: Know the difference between GSTR-1, GSTR-2, GSTR-3

Sun, Sep 03, 2017

Ministry of Finance, on Saturday tweeted saying, "GSTR 1 is to be filed by all taxpayers by 5th of September 2017. GSTR 2&3 to be filed by all taxpayers by 10th and 15th of Sept 2017 respectively.

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