Articles about Ministry of Finance

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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.

23 Mar 2020

Coronavirus: Government workers to get paid during lockdown, says FM

The Ministry of Finance on Monday announced that government workers, who have been forced to stay at home during the lockdown for coronavirus, will continue to be paid.

05 Mar 2020

Troubled Yes Bank under moratorium; withdrawals limited to Rs. 50,000

The Central government has imposed an order of moratorium on troubled private lender, Yes Bank, on Thursday as per the recommendation of the Reserve Bank of India (RBI).

29 Jan 2020

Courtesy EC, Anurag Thakur, Parvesh Verma removed as BJP's star-campaigners

Two leaders of the Bharatiya Janata Party, Anurag Thakur and Parvesh Singh Verma, have been removed as star-campaigners on the order of Election Commission for giving controversial speeches.