Articles about Ministry of Finance
29 Nov 2021
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.
04 Nov 2021
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.
03 Nov 2021
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.
21 Oct 2021
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.
13 Oct 2021
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."
05 Oct 2021
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.
16 Sep 2021
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."
15 Sep 2021
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).
23 Aug 2021
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.
16 Aug 2021
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.
26 Jul 2021
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).
25 Jul 2021
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.
14 Jul 2021
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.
03 Jul 2021
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.
28 Jun 2021
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.
01 Apr 2021
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.
01 Feb 2021
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.
01 Feb 2021
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.
01 Feb 2021
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.
01 Feb 2021
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.
19 Jan 2021
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.
25 Nov 2020
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.
17 Nov 2020
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.
12 Nov 2020
'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.
06 Nov 2020
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.
31 Oct 2020
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.
24 Oct 2020
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.
12 Oct 2020
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.
05 Oct 2020
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.
07 Aug 2020
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.
30 Jul 2020
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.
18 Jun 2020
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.
17 May 2020
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.
16 May 2020
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.
16 May 2020
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.
13 May 2020
Lockdown 4.0 imminent, ball in states' court now
India, locked down since March 25, will not get any reprieve from restrictions any time soon, an announcement by Prime Minister Narendra Modi last evening confirmed.
23 Apr 2020
Coronavirus: Installments of Dearness Allowance for government-employees put on hold
With coronavirus pandemic hurting the economy, the government said on Thursday it was holding installments of Dearness Allowance meant for Central government employees and pensioners.
12 Apr 2020
Coronavirus: India's death toll reaches 291; Delhi cases cross 1,000
The total number of coronavirus cases in India crossed 8,000 as the central government decided to extend the nationwide lockdown.
03 Apr 2020
Coronavirus: India's death toll crosses 80; over 2,500 infected
India on Friday witnessed a record single-day growth in the number of coronavirus infections, with 478 new cases emerging in the past 24 hours.
26 Mar 2020
India's coronavirus cases near 700; here's all that happened today
The total number of coronavirus cases in India jumped to 694 on Thursday evening, according to the Health Ministry.