Page 66 - Finance Ministry

Limit expenses or won't sanction them: CBDT to HoDs in cost-cutting drive

Issues letter to heads of department asks to adhere to financial power

FinMin told to levy tax on imported goods to boost local products: Pradhan

The proposed Border Adjustment Tax would be imposed on imported goods in addition to customs duty to bring the imported product at par with locally-made products.

More securitisation will help

There are only two big ideas for policy with securitisation: Originators should have skin and investors should have data

Letter to BS: Stalling shipments from China to hurt Indian industry more

The CBIC is not the government. The Ministry of Finance is the government

President promulgates ordinance to bring co-operative banks under RBI

The amendments do not affect existing powers of the State Registrars of Co-operative Societies under state co-operative laws

EPFO may slash interest rate over falling returns, slow cash flow: Reports

The 8.5 per cent interest rate, which was declared in March this year is yet to be approved by the Finance Ministry

One-time loan recast for India Inc may come up at Friday's RBI board meet

The virtual meeting of the central board will be its first since the outbreak of Covid-19

Long road ahead

Economy still far from sustainable recovery path

Market Ahead, June 24: Top factors that could guide markets today

The SGX Nifty, though, is trading with a slight cut and is indicating an open around 10,470 levels for the Nifty today

Economy is picking up, says FinMin as it gives out select indicators

This comes even as the April-June quarter, and the 2020-21 fiscal year are headed for a contraction, with some estimates pegging GDP contraction for the year to be as high as 6%

Decoding India's stand on digital tax

Traditional international tax law principles fail to account for the developments in technology that allow businesses to cater to market jurisdictions remotely

FinMin proposes curbs on foreign investment in pension funds from China

Foreign investment in pension funds regulated by the Pension Fund Regulatory and Development Authority (PFRDA) is capped at 49 per cent with automatic route

FM announces RS 50,000 cr Garib Kalyan Rozgar Abhiyan: All details here

She says nearly 25 schemes of govt will be brought under Garib Kalyan Rojgar Abhiyaan, and that she is confident of reaching saturation levels under each of the schemes within 125 days

Finance Ministry seeks expenditure proposals for supplementary demands

Earlier this month, the Finance Ministry asked all ministries and departments not to initiate any new scheme in the current financial year

25 govt schemes to be pooled together to give jobs to migrant workers: FM

The Garib Kalyan Rozgar Abhiyan will be launched by the prime minister from Khagaria in Bihar, said the finance minister

FinMin releases Rs 15,187 cr to states as rural local bodies grant

This amount would enable the rural local bodies to fight the coronavirus pandemic and restart economic activities

Q1 advance tax mop-up falls 76% as Covid-19 pandemic bites economy

Net collection down 32%

Finance ministry Twitter followers cross 2 mn, Home ministry has 4.9 mn

The ministry started its twitter handle @FinMinIndia in July 2014

No fee for late filing of GST returns for entities with nil liability: FM

Briefing reporters after GST Council meeting, she said the late fee for non-filing of monthly sales return for others has been reduced to a maximum of Rs 500 for July 2017 to January 2020 period

PSBs disburse Rs 12,201 cr loan to MSMEs under emergency credit line scheme

Public Sector Banks (PSBs) have sanctioned loans worth Rs 24,260.65 crore under the 100 per cent ECLGS for the Micro, Small & Medium Enterprises (MSME) sector starting June 1