Articles about Ministry of Finance

Money laundering: ED freezes crypto exchange WazirX chief's bank assets

05 Aug 2022

Cryptocurrency
Money laundering: ED freezes crypto exchange WazirX chief's bank assets

The Enforcement Directorate (ED) on Friday froze the bank assets of cryptocurrency exchange WazirX heads in an ongoing money laundering probe.

Sitharaman assures Sri Lanka of all possible assistance from India

19 Apr 2022

Sri Lanka
Sitharaman assures Sri Lanka of all possible assistance from India

Finance Minister Nirmala Sitharaman on Tuesday "assured all possible cooperation" to her Sri Lankan counterpart Ali Sabry on the sidelines of IMF-WB Spring Meetings in the US.

Union Budget 2022: Here are the key takeaways

01 Feb 2022

Nirmala Sitharaman
Union Budget 2022: Here are the key takeaways

Union Finance Minister Nirmala Sitharaman on Tuesday (February 1) presented the Budget for the upcoming fiscal year, 2022-2023.

Income Tax Returns deadline extended to March 15
Income Tax Returns deadline extended to March 15

The central government on Tuesday extended the due date for filing Income Tax Returns for Assessment Year 2021-22 to March 15, 2022.

GST changes from January 1: Here's how it impacts prices

27 Dec 2021

Nirmala Sitharaman
GST changes from January 1: Here's how it impacts prices

The Goods and Services Tax (GST) regime will witness a host of tax rate and procedural changes starting January 1, 2022.

No proposal to recognize Bitcoin: Finance Ministry tells Parliament

29 Nov 2021

India
No proposal to recognize Bitcoin: Finance Ministry tells Parliament

The Centre said Monday that it has no proposal to recognize Bitcoin as a currency in the country.

9 BJP-ruled states cut petrol, diesel rates further

04 Nov 2021

Fuel Price Hike
9 BJP-ruled states cut petrol, diesel rates further

Several states have announced additional relaxations for prices in petrol and diesel shortly after the Centre cut excise duty on fuel.

Petrol, diesel made cheaper before Diwali; excise duty slashed

03 Nov 2021

Government of India
Petrol, diesel made cheaper before Diwali; excise duty slashed

The central government on Wednesday announced a reduction in the excise duty on petrol and diesel.

Cabinet approves 3% DA hike for central government employees

21 Oct 2021

Narendra Modi
Cabinet approves 3% DA hike for central government employees

The Union Cabinet on Thursday approved a 3% hike in dearness allowance (DA) and dearness relief (DR) for central government employees and pensioners.

Sitharaman rubbishes reports of coal shortage as 'baseless'

13 Oct 2021

India
Sitharaman rubbishes reports of coal shortage as 'baseless'

Finance Minister Nirmala Sitharaman on Tuesday denied reports of coal shortage in the country and said these are "absolutely baseless."

Pandora Papers: Government orders multi-agency probe led by CBDT
Pandora Papers: Government orders multi-agency probe led by CBDT

The Centre on Monday ordered a multi-agency probe to investigate the revelation made by media organizations, dubbed the "Pandora Papers," about the hidden wealth of global elites, including 380 Indians, in offshore accounts.

Nirmala Sitharaman announces Rs. 30,600 crore guarantee for 'bad bank'

16 Sep 2021

Nirmala Sitharaman
Nirmala Sitharaman announces Rs. 30,600 crore guarantee for 'bad bank'

To reduce the non-performing assets (NPA) of public sector banks, the Union Cabinet approved a plan to set up the National Asset Reconstruction Company Limited (NARCL) or the "bad bank."

Centre 'cherry-picking' candidates for tribunal appointments; SC warns contempt proceedings
Centre 'cherry-picking' candidates for tribunal appointments; SC warns contempt proceedings

The Supreme Court Wednesday came down heavily on the Centre for "cherry-picking" appointments from its tribunal waitlist rather than appointing persons recommended by the Search and Selection Committees (SCSCs).

Sitharaman launches National Monetization Pipeline to monetize under-utilized assets

23 Aug 2021

Nirmala Sitharaman
Sitharaman launches National Monetization Pipeline to monetize under-utilized assets

Finance Minister Nirmala Sitharaman on Monday launched the National Monetization Pipeline worth Rs. 6 lakh crore.

No excise cut on fuel; Sitharaman blames UPA-era oil bonds

16 Aug 2021

Nirmala Sitharaman
No excise cut on fuel; Sitharaman blames UPA-era oil bonds

Finance Minister Nirmala Sitharaman on Monday blamed the former Congress-led United Progressive Alliance government for the soaring fuel prices.

Spike in rural unemployment; urban unemployment rises marginally: CMIE

26 Jul 2021

NITI Aayog
Spike in rural unemployment; urban unemployment rises marginally: CMIE

Rural India is witnessing a spike in the weekly unemployment rate, according to data from the Centre for Monitoring Indian Economy (CMIE).

Salary, pension, EMI rules changing; all you need to know
Salary, pension, EMI rules changing; all you need to know

All important banking transactions such as salary, pension, and Equated Monthly Installment (EMI) payments will take place 24X7 from August 1.

Dearness Allowance for government employees hiked from July 1

14 Jul 2021

Anurag Thakur
Dearness Allowance for government employees hiked from July 1

The Union Cabinet on Wednesday approved a hike in the Dearness Allowance (DA) and Dearness Relief (DR) for employees of the central government and pensioners.

TDS rules change from this month. Check details here
TDS rules change from this month. Check details here

In the Union Budget 2021, the Finance Ministry has introduced a fresh rule to deduct Tax Deducted at Source (TDS) at a higher rate for those who failed to file their income tax returns for the past couple of years.

FM announces Rs. 1.1 lakh-crore loan guarantee for COVID-hit sectors

28 Jun 2021

Nirmala Sitharaman
FM announces Rs. 1.1 lakh-crore loan guarantee for COVID-hit sectors

Union Finance Minister Nirmala Sitharaman addressed a key press conference on Monday, announcing a slew of economic relief measures.

Within hours, Modi government rolls back small savings rate cut

01 Apr 2021

Nirmala Sitharaman
Within hours, Modi government rolls back small savings rate cut

Less than 12 hours after announcing a steep reduction in small savings interest rates, the government has scrapped the order, saying it was issued by oversight.

Budget 2021: Rs. 1.1 lakh crore plan for Indian Railways

01 Feb 2021

Indian Railways
Budget 2021: Rs. 1.1 lakh crore plan for Indian Railways

Union Finance Minister Nirmala Sitharaman on Monday announced a record sum of Rs. 1.10 lakh crore for the Indian Railways in her Budget 2021 speech.

Budget 2021: What gets more expensive and what gets cheaper?

01 Feb 2021

Nirmala Sitharaman
Budget 2021: What gets more expensive and what gets cheaper?

Union Finance Minister Nirmala Sitharaman on Monday presented the Union Budget for the financial year 2021-2022.

Budget 2021: What is the voluntary vehicle scrappage policy?

01 Feb 2021

Nirmala Sitharaman
Budget 2021: What is the voluntary vehicle scrappage policy?

During her Union Budget 2021 speech, Finance Minister Nirmala Sitharaman on Monday announced a voluntary vehicle scrappage policy.

Budget 2021: Infrastructure gets big boost

01 Feb 2021

Nirmala Sitharaman
Budget 2021: Infrastructure gets big boost

Union Finance Minister Nirmala Sitharaman on Monday unveiled India's first post-COVID-19 Union Budget for the financial year 2021-2022.

India to hike import duties on smartphones, electronics, etc.: Report

19 Jan 2021

Narendra Modi
India to hike import duties on smartphones, electronics, etc.: Report

India is reportedly considering a hike in import duties by 5-10% on smartphones, electronic components, and appliances among more than 50 items in the upcoming Union Budget.

Cabinet clears crisis-hit Lakshmi Vilas Bank's merger with DBS Bank
Cabinet clears crisis-hit Lakshmi Vilas Bank's merger with DBS Bank

The Union Cabinet on Wednesday approved the amalgamation of the crisis-hit Lakshmi Vilas Bank (LVB) with DBS Bank India Ltd (DBIL), the Indian arm of Singapore's DBS Bank.

Lakshmi Vilas Bank under moratorium; withdrawals capped at Rs. 25,000
Lakshmi Vilas Bank under moratorium; withdrawals capped at Rs. 25,000

The Centre on Tuesday placed Tamil Nadu-based private sector lender Lakshmi Vilas Bank (LVB) under a moratorium for a period of one month, the Ministry of Finance said.

'Atmanirbhar' stimulus: Employment, income-tax relief for home-buyers, boost for vaccine
'Atmanirbhar' stimulus: Employment, income-tax relief for home-buyers, boost for vaccine

Union Finance Minister Nirmala Sitharaman on Thursday announced a fresh economic stimulus to spur economic growth and boost demand.

PM projects India as investor-friendly at Virtual Global Investor Roundtable

06 Nov 2020

India
PM projects India as investor-friendly at Virtual Global Investor Roundtable

Prime Minister Narendra Modi on Thursday chaired the Virtual Global Investor Roundtable 2020, attended by leading institutional investors from the US, Europe, Canada, Korea, Japan, Middle East, Australia, and Singapore.

Nirmala Sitharaman wanted me out of FinMin, says Ex-Finance Secretary

31 Oct 2020

Narendra Modi
Nirmala Sitharaman wanted me out of FinMin, says Ex-Finance Secretary

Former Finance Secretary Subhash Chandra Garg on Saturday blamed Finance Minister Nirmala Sitharaman for his sudden transfer from the Ministry.

Income tax return filing deadline extended till December 31
Income tax return filing deadline extended till December 31

The Finance Ministry on Saturday announced that the deadline for filing income tax returns (ITRs) for the financial year (FY) 2019-20 for individual taxpayers has been extended by a month till December 31.

Centre announces travel payout, festival advance for government employees

12 Oct 2020

Nirmala Sitharaman
Centre announces travel payout, festival advance for government employees

To aid the economy, bruised by the coronavirus pandemic, the Centre on Monday announced a few measures for government employees.

India may have crossed coronavirus peak, claims Finance Ministry

05 Oct 2020

India
India may have crossed coronavirus peak, claims Finance Ministry

Seven months after India imposed a strict lockdown to contain coronavirus spread, the country may have crossed the peak, the Finance Ministry said in its September report.

GC Murmu, J&K's former L-G, becomes Comptroller And Auditor General
GC Murmu, J&K's former L-G, becomes Comptroller And Auditor General

Girish Chandra Murmu, who resigned as Lieutenant-Governor of Jammu and Kashmir on Wednesday, has been appointed as the new Comptroller and Auditor General and will succeed incumbent Rajiv Mehrishi, who turns 65 tomorrow.

Much to welcome, but challenges remain: Shashi Tharoor on NEP

30 Jul 2020

Shashi Tharoor
Much to welcome, but challenges remain: Shashi Tharoor on NEP

Congress leader Shashi Tharoor on Thursday praised the new National Education Policy (NEP) but emphasized on certain issues with the policy.

Sitharaman unveils details of PM Garib Kalyan Rojgar Abhiyaan

18 Jun 2020

Odisha
Sitharaman unveils details of PM Garib Kalyan Rojgar Abhiyaan

Union Finance Minister Nirmala Sitharaman on Thursday addressed a curtain-raiser press conference to provide details on the PM Garib Kalyan Rojgar Abhiyaan.

Sitharaman fifth tranche announcements: All sectors open to private firms

17 May 2020

Narendra Modi
Sitharaman fifth tranche announcements: All sectors open to private firms

Union Finance Minister Nirmala Sitharaman on Sunday announced the fifth and last tranche of the Rs. 20 lakh crore economic package announced by the government to revive the economy amid the coronavirus outbreak.

Private firms allowed to access ISRO facilities, explore space travel

16 May 2020

Space News
Private firms allowed to access ISRO facilities, explore space travel

Finance Minister Nirmala Sitharaman on Saturday announced that the government will boost private participation in the space sector.

Structural reforms in 8 sectors; coal won't be government monopoly

16 May 2020

Narendra Modi
Structural reforms in 8 sectors; coal won't be government monopoly

Union Finance Minister Nirmala Sitharaman addressed the media on Saturday for the fourth consecutive day to detail the government's economic package to revive the economy.

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