Tag: Ministry of Finance
17 Results
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Ministry of Finance responds to reports about freezing of Indian assets in France
The government is trying to ascertain the facts, and whenever such an order is received, appropriate legal remedies will be taken, in consultation with its Counsels, to protect the interests of India.
July 8, 2021 -
Breaking News: ‘Actively considering relaxation of Rs 2 lakh cap on cash transactions for Covid treatment in hospitals’, FM tells Delhi HC
Ministry of Finance has informed the Delhi High Court that it is actively considering relaxation of the cap of Rs 2,00,000 on cash transactions for Covid treatment in hospitals.
May 7, 2021 -
NDMC with Ministry of Finance introduces nature-based classroom “Srishti” in its school under Swachhta Action Plan
Under this Project ‘Srishti’-the nature-based classroom is developed with a herbal and aromatic plant yard in which sapling of Basil (Tulsi) Dill, Rosemary, Aloe, Fennel, Sage, Lemon Grass were planted.
April 8, 2021 -
Women’s Day Special: More than 81% account holders are women under Stand Up India Scheme
As we are celebrating International Women’s Day, today, on 8th March 2021, we take a look at various schemes initiated by the Ministry of Finance which have benefitted the women in India.
March 8, 2021 -
Rajasthan becomes 6th state to complete ease of doing business reforms
Rajasthan has now joined the five other States namely, Andhra Pradesh, Karnataka, Madhya Pradesh, Tamil Nadu and Telangana, who have achieved this feat.
December 26, 2020 -
GST compensation shortfall: Centre to borrow up to Rs 1.1 lakh crore on behalf of states
'Based on the suggestion of many states, it has now been decided that the central government will initially receive the amount and then pass it on back-to-back to the states as loan.'
October 16, 2020 -
Twenty states allowed to mobilize Rs 68,825 crore through open market borrowings
Additional borrowing permission has been granted @ 0.50 % of the Gross State Domestic Product (GSDP) to those states who have opted for Option- 1 out of the two options suggested by the Ministry of Finance to meet the shortfall arising out of GST implementation.
October 13, 2020 -
Govt sanctions 1.22 crore Kisan credit cards with 1 lakh crore limit
A special saturation drive is underway to provide concessional credit to farmers through Kisan Credit Card (KCC).
August 20, 2020 -
GST revenue collection in June stands at Rs 90,917 cr
The total revenue earned by central government and state governments after regular settlement in June, stood at Rs 32,305 crore for Central GST and Rs 35,087 crore for the State GST.
July 1, 2020 -
Govt clarifies ‘NRI status’ under Income Tax Act for those stranded due to lockdown
As the lockdown continues during the Financial Year 2020-21 a circular excluding the period of stay of these individuals up to the date of normalisation shall be issued.
May 9, 2020 -
COVID-19: Rishi Sunak faces criticism for ‘discriminatory’ package against self-employed workers
Following criticism that the self-employed were not receiving a similar level of support, the Treasury spent the weekend drawing up the new package.
March 23, 2020 -
Bank unions defer two-day strike after assurance from Finance Ministry
Four unions of bank officers had threatened to go on a two-day strike from September 26 to protest against the consolidation of 10 state-run lenders into four.
September 24, 2019 -
Only 42% of Nirbhaya Fund released for projects since 2015
Named “Nirbhaya Fund”, the non-lapsable corpus fund parked with the Department of Economic Affairs, Ministry of Finance, were for the implementation of initiatives aimed at enhancing the safety and security for women in the country.
April 17, 2019 -
Finance Ministry spent Rs 1,157 crore extra in 2017-18 without obtaining prior approval: CAG
Excess expenditure aggregating Rs 1,156.80 crore was incurred during 2017-18 without obtaining prior approval of Parliament, the CAG report “Financial Audit” of the Accounts of the Union Government said.
February 12, 2019 -
Rs 94726 crore collected as GST revenue in December 2018
After regular settlement, the Centre and the states have earned a total revenue of Rs. 43,851 crore for CGST and Rs 46,252 crore for the SGST in the month of December 2018
January 1, 2019 -
GST evasion of Rs 12,766 cr detected in April-November
The measures taken by the government to check GST evasion are intelligence-based enforcement, eWay bill squads, systematic analysis of data and setting up of Directorate General (Analytics and Risk Management), the Ministry said.
December 18, 2018 -
It takes two to tango
The uncharacteristic spat between the mandarins of North Block in the Ministry of Finance (MoF) on the one hand and the mainly Congress-led but joined by impartial academics spewing their acidulous onslaught on behalf of the country’s central bank in defense of the latter’s functional autonomy on the other, did eventually turn out to be …
Continue reading "It takes two to tango"
November 28, 2018