Page 79 - Finance Ministry
FinMin to soon float Cabinet note for merger of railway budget
It seeks to end distinction between Plan and non-Plan expenditure; replace it with capital and revenue expenditure
 "FinMin to soon float Cabinet note for merger of railway budget")
All new schemes need prior approval of Finance Ministry
Department of Expenditure has mandated that for all new schemes a concept paper should be prepared while seeking in-principle approval
 "All new schemes need prior approval of Finance Ministry")
Finance Ministry seeks status report on wage revision talks from PSBs
Communication to PSBs regarding wages comes in the backdrop of banks union threatening to join strike called by trade union against govt policies
 "Finance Ministry seeks status report on wage revision talks from PSBs")
Fin Min recommends CBI probe into 80 kg of missing gold from custom vaults at IGI Airport
The seized gold was valued at Rs 25 crore as per current market rates
 "Fin Min recommends CBI probe into 80 kg of missing gold from custom vaults at IGI Airport")
Finance Ministry sets up panel to suggest steps to promote card payments
Another task assigned to the panel is to identify regulatory bottlenecks and suggest changes
 "Finance Ministry sets up panel to suggest steps to promote card payments")
Finance ministry stresses on financial inclusion in LWE areas
The government has identified 35 most LWE affected districts across seven states
 "Finance ministry stresses on financial inclusion in LWE areas")
No compromise on constitutional cap on GST rates: Arjun Meghwal
New minister of state for finance seems to be on the same page as his immediate boss, Finance Minister Arun Jaitley
 "No compromise on constitutional cap on GST rates: Arjun Meghwal")
Now ministers can approve non-plan proposals of up to Rs 500 crore
Earlier, ministers had power to approve proposals up to Rs 150 crore
 "Now ministers can approve non-plan proposals of up to Rs 500 crore")
For good governance, Finance Ministry fires 72 tax officers, retires 33 more
The action has been taken against officials harassing tax assesses to enforce principle of good governance in the functioning of the revenue department
 "For good governance, Finance Ministry fires 72 tax officers, retires 33 more")
FinMin reviews banks' loan recovery
The meeting was part of the ministry's exercises to clean up the balance sheets of PSBs
Finance ministry to clarify on equalisation levy
The finance ministry is likely to address the anomalies arising out of a Budget proposal to impose 6% equalisation levy on advertisement revenues received by digital companies such as Google and Facebook
 "Finance ministry to clarify on equalisation levy")
FinMin working to remove 'unwanted discretions' in taxation
The move is a part of an exercise to streamline taxation structure and improve the country's image as an investment destination
 "FinMin working to remove 'unwanted discretions' in taxation")
