Having done 2 rounds of bank consolidation earlier, the Central govt in 2019 decided to merge 6 disparate and weak PSBs into four in one stroke.

The Bengaluru-based company, which has drawn flak for glitches continuing months after the launch of the portal in June, said it has seen steady increase in usage over the last few weeks, and over 3 crore taxpayers have logged into the portal and successfully completed various transactions. 

Life saving drugs got cheaper as Union Finance Minister Nirmala Sitharaman's announced a slew of GST exemptions on Friday. The decision came after a crucial meeting of the GST Council.

The GST Council meeting is currently underway in Lucknow. It is being presided over by Finance Minister Nirmala Sitharaman.

The GST Council, chaired by Finance Minister Nirmala Sitharaman, will meet on Friday, which among other things may review tax rate of over four-dozen items.

Nirmala Sitharaman will preside over the 45th meeting of the Goods and Services Tax (GST) Council in Lucknow on Friday.

Delivering her address at the centenary celebrations of the city-based Tamilnad Mercantile Bank here, Sitharaman said even during Covid-19 pandemic with the use of digitisation through banking correspondents, the government's financial disbursements were distributed to the needy after verifying their details.

The building has provision for solar panels for power generation and a Rain Water Harvesting system, they said.

Sitharaman also announced that two other projects worth over Rs 21 crore were cleared by the Centre on Friday morning itself.

Terming the NMP as a "shocking and unfortunate decision", the Trinamool Congress supremo alleged that the money raised by selling those assets will be used during elections against opposition parties.

Irani, who represents UP's Amethi constituency in Lok Sabha, went on to associate Rahul Gandhi's politics with 'hypocrisy' and 'arrogance'.

​The government on Monday announced a Rs 6 lakh crore National Monetisation Pipeline (NMP) that will look to unlock value in infrastructure assets. Projects have been identified across sectors, with roads, railways and power being the top segments.

Sitharaman had summoned Infosys MD and CEO Parekh at her office to know the reasons for not resolving the snags in the portal.

Union Finance Minister Nirmala Sitharaman said only under-utilised assets will be monetised, ownership will remain with government.

The Union Budget 2021-22, laid a lot of emphasis on asset monetisation as a means to raise innovative and alternative financing for infrastructure. Sitharaman had said that monetising operating public infrastructure assets was a very important financing option for new infrastructure construction.

In a tweet, Income Tax India on Sunday wrote, "Ministry of Finance has summoned Salil Parekh, MD & CEO @Infosys on 23/08/2021 to explain to Finance Minister Nirmala Sitharaman as to why even after 2.5 months since the launch of new e-filing portal, glitches in the portal have not been resolved. In fact, since 21/08/2021 the portal itself is not available."

Uttar Pradesh will commence the third phase of 'Mission Shakti' today.

Sitharaman, who had raised excise duty on petrol and diesel to record high to shore up revenue collections last year, said the interest on oil bonds paid in the last seven years totalled Rs 70,195.72 crore.

Finance Minister Nirmala Sitharaman on Monday said technical glitches in the new income tax e-filing portal will be largely fixed in the next couple of weeks and that she has been constantly reminding Infosys on the issue.  

Union Finance Minister Nirmala Sitharaman on Thursday said that the government is "ready to do everything required" to revive and support economic growth.