Finance Ministry

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

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.

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

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.

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

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.

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

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.

Income tax return filing deadline extended till December 31

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.

Centre announces travel payout, festival advance for government employees

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.

India may have crossed coronavirus peak, claims Finance Ministry

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.

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

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.

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

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.

Sitharaman unveils details of PM Garib Kalyan Rojgar Abhiyaan

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.

Sitharaman fifth tranche announcements: All sectors open to private firms

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.

Private firms allowed to access ISRO facilities, explore space travel

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.

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

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.

Lockdown 4.0 imminent, ball in states' court now

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.

Coronavirus: Installments of Dearness Allowance for government-employees put on hold

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.

Coronavirus: India's death toll reaches 291; Delhi cases cross 1,000

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.

Coronavirus: India's death toll crosses 80; over 2,500 infected

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.

India's coronavirus cases near 700; here's all that happened today

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.

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

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.

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

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.

Anurag Thakur's 'Goli Maaro...' chant invites trouble, he remains defiant

28 Jan 2020

Anurag Thakur's 'Goli Maaro...' chant invites trouble, he remains defiant

Union Minister Anurag Thakur behaved irresponsibly at an election rally when he openly called for shooting the "traitors" of the country.

KV Kamath may join Finance Ministry, Swapan Dasgupta HRD

18 Jan 2020

KV Kamath may join Finance Ministry, Swapan Dasgupta HRD

Prime Minister Narendra Modi's Cabinet will soon welcome new members, including technocrats who could influence major decisions.

Budget 2020: What to expect? When will it be presented?

17 Jan 2020

Budget 2020: What to expect? When will it be presented?

With the economy in crisis, all eyes are on the upcoming Union Budget for the fiscal year 2020-21.

Political parties received two-third donations through opaque electoral bonds

14 Jan 2020

Political parties received two-third donations through opaque electoral bonds

In 2018-19 fiscal, the coffers of seven political parties overflowed, and a large chunk of this money came through the controversial electoral bond route.

Income Tax relief for middle class likely in Budget 2020

07 Jan 2020

Income Tax relief for middle class likely in Budget 2020

With the announcement of the Union Budget 2020 less than a month away, the Ministry of Finance is apparently looking into providing income tax relief to the middle class.

Bank KYC forms to start asking your religion: Here's why

21 Dec 2019

Bank KYC forms to start asking your religion: Here's why

Banks may soon start asking depositors to disclose their religion. What's the need for this?

#NoteBanAnniversary: Ex-finance secretary says Rs. 2,000 notes can be demonetized

08 Nov 2019

#NoteBanAnniversary: Ex-finance secretary says Rs. 2,000 notes can be demonetized

Exactly three years ago, Prime Minister Narendra Modi addressed the nation and wiped off Rs. 500 and Rs. 1,000 notes, making way for new Rs. 500 and Rs. 2,000 notes.

Meet GC Murmu, the first L-G of Jammu and Kashmir

31 Oct 2019

Meet GC Murmu, the first L-G of Jammu and Kashmir

Nearly three months after the special status was withdrawn from Jammu and Kashmir, the newly-formed Union Territory got its new chief on Thursday.

In ED custody, P Chidambaram's health worsens, rushed to AIIMS

28 Oct 2019

In ED custody, P Chidambaram's health worsens, rushed to AIIMS

Former Finance Minister P Chidambaram, who is in Enforcement Directorate custody, was on Monday rushed to AIIMS after his health dipped.

PMC crisis: Nirmala Sitharaman says she'll talk to RBI Governor

10 Oct 2019

PMC crisis: Nirmala Sitharaman says she'll talk to RBI Governor

Finance Minister Nirmala Sitharaman met distressed customers of the crisis-hit Punjab and Maharashtra Co-operative Bank (PMC) on Thursday and assured them she will speak to Shaktikanta Das, the Governor of Reserve Bank of India (RBI), this evening.

Your Provident Fund rate raised to 8.65% for 2018-19

24 Sep 2019

Your Provident Fund rate raised to 8.65% for 2018-19

On Tuesday, the Labor Ministry notified 8.65% interest rate on Employees' Provident Fund (EPF) for the 2018-19 financial year.

Your Provident Fund interest rate increased to 8.65% for 2018-19

17 Sep 2019

Your Provident Fund interest rate increased to 8.65% for 2018-19

On Tuesday, Labor Minister Santosh Gangwar announced that over 6 crore subscribers of the Employees' Provident Fund Organization (EPFO) would receive 8.65% interest on deposits for the financial year 2018-19.

INX Media case: In message from Tihar, Chidambaram 'defends' officers

09 Sep 2019

INX Media case: In message from Tihar, Chidambaram 'defends' officers

Former Finance Minister P Chidambaram, who is currently in Tihar jail, said on Monday that he doesn't want any of the officers involved in the INX Media case to be arrested as they didn't commit any wrongdoing.

Amid economic slowdown, Anurag Thakur faces embarrassment at auto event

06 Sep 2019

Amid economic slowdown, Anurag Thakur faces embarrassment at auto event

On Friday, Minister of State for Finance Anurag Thakur addressed the slowdown in the auto industry at the Automotive Component Manufacturers Association of India (ACMA) annual summit in New Delhi.

Chidambaram faces arrest by ED as SC rejects bail plea

05 Sep 2019

Chidambaram faces arrest by ED as SC rejects bail plea

Thursday started on a sour note for former Finance Minister P Chidambaram as the Supreme Court rejected his plea seeking anticipatory bail in the case registered by Enforcement Directorate (ED).

Indian Railways: E-tickets to get costlier as service charge restored

01 Sep 2019

Indian Railways: E-tickets to get costlier as service charge restored

In what might come as a disappointment to passengers, e-tickets booked through Indian Railways Catering and Tourism Corporation (IRCTC) are set to get costlier, starting from today, ie. September 1.

Earning Rs. 5L-10L? You might soon get income tax relief

29 Aug 2019

Earning Rs. 5L-10L? You might soon get income tax relief

The government should bring down income tax for those earning between Rs. 5 lakh and Rs. 10 lakh per year to 10%, a top panel has suggested.

#NewsBytesExplainer: Why is RBI giving Rs. 1.76L crore to government

27 Aug 2019

#NewsBytesExplainer: Why is RBI giving Rs. 1.76L crore to government

Amid an economic slowdown in the country, Reserve Bank of India (RBI) stepped in to bail out Prime Minister Narendra Modi's government.

Beyond Chidambaram, these 7 politicians are also on CBI's radar

22 Aug 2019

Beyond Chidambaram, these 7 politicians are also on CBI's radar

P Chidambaram's arrest by CBI on Wednesday is being viewed differently by various sections. While Congress sees it as a breach of privacy and government's revenge, BJP feels he is being brought to justice for "ill deeds".

Haven't been elected to clean toilets: Pragya Thakur tells BJP-worker

22 Jul 2019

Haven't been elected to clean toilets: Pragya Thakur tells BJP-worker

Terror accused-turned-parliamentarian, Pragya Thakur, on Sunday sparked yet another controversy when she said she hasn't been elected to "clean toilets".