Finance Ministry Note
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"No New Change In Tax Regime": Government Explains What Changes From Today
In a detailed note, the ministry explained that the new tax regime has low rates but fewer exemptions and deductions.
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India Needs To Be Vigilant Against El Nino Conditions, Higher Prices: Ministry
Sounding a note of caution, the finance ministry's monthly economic review today said India needs to be vigilant against potential risks of lower agriculture output, elevated prices and geopolitical developments.
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"Need More Proof?" N Sitharaman Slams Congress Over Germany Statement
Union Finance Minister Nirmala Sitharaman on Thursday lashed out at the Congress party after party leader Digvijay Singh thanked the German Foreign Affairs Ministry for taking note of Rahul Gandhi's disqualification from Lok Sabha.
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Rs 2,000 Notes Haven't Been Printed In Last 2 Years, Minister Tells Parliament
Rs 2,000 notes have not been printed in the last two years, the Finance Ministry said on Monday in parliament to a question on why the currency notes introduced after demonetization in 2016 were hardly in circulation now.
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Bank ATMs Dispensing More Rs 500 Notes Instead Of Rs 2,000: Report
Although there has been no dictate from the Finance Ministry, banks on their own have decided to fill their ATMs with smaller denomination notes for the convenience of customers, sources said.
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Government Says State-Run Banks Health Restored, 13 Banks Report Profit
Ministry noted that gross NPAs of the state-run banks have declined from Rs 8.96 lakh crore in March 2018 to Rs. 7.27 lakh crore in September 2019.
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Cabinet To Soon Decide On Vehicle Scrapping Policy: Nitin Gadkari
The Minister of Road Transport and Highways (MoRTH) Nitin Gadkari recently said that the Cabinet will soon decide on the proposed vehicle scrapping policy. The union minister stated that he has cleared a cabinet role on the proposed policy and the finance ministry has also approved the same. "I have signed the file for the cabinet note on the polic...
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Rs 2,000 Note Printing Scaled Down To Minimum By RBI: Report
The printing of Rs. 2,000 notes, which debuted after Prime Minister Narendra Modi's shock demonetisation move in 2016, has been reduced to the "minimum" by the Reserve Bank of India (RBI), a top finance ministry official said today amid reports that it is being phased out.
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Government Not Informed In Advance Of Urjit Patel's Decision: Report
Mr Patel, who succeeded Raghuram Rajan in September 2016 for a three-year term, has been at loggerheads with the finance ministry on matters including the banking crisis and interest rates.
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"Catastrophic Impact" Of IL&FS Meltdown, Government Warned In Sunday SOS
The government's dramatic takeover of the Infrastructure Leasing & Financial Services (IL&FS) group came within a day of a confidential Finance Ministry note that had warned that "the future impact of more defaults in the group may be catastrophic" for financial stability.
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Where's The Black Money? Almost All Banned Notes Returned: Foreign Media
Indian Prime Minister Narendra Modi's efforts to weed out black money through a ban on high-value currency notes haven't yielded the desired results.
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As Empty ATMs Reported, RBI Says Shortage Due To Logistical Reasons: 10 Points
In response to reports that ATMs in several states are running dry, Finance Minister Arun Jaitley today conceded a "temporary shortage in some areas" and said it was being "tackled quickly". The Reserve Bank of India said the shortage may be felt in some pockets due to logistical issues and clarified that there is sufficient cash in RBI vaults. Com...
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Reveal Amount of Black Money Collected Post Notes Ban, Government Told
Central Information Commission directs finance ministry to reply to a 1-year-old RTI seeking to know total black money collected post-demonetisation.
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No Extension Of GSTR-1 Filing Deadline, Says Finance Ministry
Taxpayers may note that there is a fake notification regarding extension of date being circulated on social media.
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Government Has No Plans To Scrap Your Cheque Books
Ministry of Finance reaffirms that there is no proposal under consideration to withdraw the bank cheque book facility.
-
"No New Change In Tax Regime": Government Explains What Changes From Today
In a detailed note, the ministry explained that the new tax regime has low rates but fewer exemptions and deductions.
-
India Needs To Be Vigilant Against El Nino Conditions, Higher Prices: Ministry
Sounding a note of caution, the finance ministry's monthly economic review today said India needs to be vigilant against potential risks of lower agriculture output, elevated prices and geopolitical developments.
-
"Need More Proof?" N Sitharaman Slams Congress Over Germany Statement
Union Finance Minister Nirmala Sitharaman on Thursday lashed out at the Congress party after party leader Digvijay Singh thanked the German Foreign Affairs Ministry for taking note of Rahul Gandhi's disqualification from Lok Sabha.
-
Rs 2,000 Notes Haven't Been Printed In Last 2 Years, Minister Tells Parliament
Rs 2,000 notes have not been printed in the last two years, the Finance Ministry said on Monday in parliament to a question on why the currency notes introduced after demonetization in 2016 were hardly in circulation now.
-
Bank ATMs Dispensing More Rs 500 Notes Instead Of Rs 2,000: Report
Although there has been no dictate from the Finance Ministry, banks on their own have decided to fill their ATMs with smaller denomination notes for the convenience of customers, sources said.
-
Government Says State-Run Banks Health Restored, 13 Banks Report Profit
Ministry noted that gross NPAs of the state-run banks have declined from Rs 8.96 lakh crore in March 2018 to Rs. 7.27 lakh crore in September 2019.
-
Cabinet To Soon Decide On Vehicle Scrapping Policy: Nitin Gadkari
The Minister of Road Transport and Highways (MoRTH) Nitin Gadkari recently said that the Cabinet will soon decide on the proposed vehicle scrapping policy. The union minister stated that he has cleared a cabinet role on the proposed policy and the finance ministry has also approved the same. "I have signed the file for the cabinet note on the polic...
-
Rs 2,000 Note Printing Scaled Down To Minimum By RBI: Report
The printing of Rs. 2,000 notes, which debuted after Prime Minister Narendra Modi's shock demonetisation move in 2016, has been reduced to the "minimum" by the Reserve Bank of India (RBI), a top finance ministry official said today amid reports that it is being phased out.
-
Government Not Informed In Advance Of Urjit Patel's Decision: Report
Mr Patel, who succeeded Raghuram Rajan in September 2016 for a three-year term, has been at loggerheads with the finance ministry on matters including the banking crisis and interest rates.
-
"Catastrophic Impact" Of IL&FS Meltdown, Government Warned In Sunday SOS
The government's dramatic takeover of the Infrastructure Leasing & Financial Services (IL&FS) group came within a day of a confidential Finance Ministry note that had warned that "the future impact of more defaults in the group may be catastrophic" for financial stability.
-
Where's The Black Money? Almost All Banned Notes Returned: Foreign Media
Indian Prime Minister Narendra Modi's efforts to weed out black money through a ban on high-value currency notes haven't yielded the desired results.
-
As Empty ATMs Reported, RBI Says Shortage Due To Logistical Reasons: 10 Points
In response to reports that ATMs in several states are running dry, Finance Minister Arun Jaitley today conceded a "temporary shortage in some areas" and said it was being "tackled quickly". The Reserve Bank of India said the shortage may be felt in some pockets due to logistical issues and clarified that there is sufficient cash in RBI vaults. Com...
-
Reveal Amount of Black Money Collected Post Notes Ban, Government Told
Central Information Commission directs finance ministry to reply to a 1-year-old RTI seeking to know total black money collected post-demonetisation.
-
No Extension Of GSTR-1 Filing Deadline, Says Finance Ministry
Taxpayers may note that there is a fake notification regarding extension of date being circulated on social media.
-
Government Has No Plans To Scrap Your Cheque Books
Ministry of Finance reaffirms that there is no proposal under consideration to withdraw the bank cheque book facility.
