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FINANCE MINISTRY NEWS IN ENGLISH

  • indian economy can still grow 8 this fiscal niti aayog vc

    Indian economy can still grow 8% this fiscal: NITI Aayog VC

    December 04, 2015 23:48 IST

    New Delhi: Expecting an upward revision of the first quarter GDP numbers, NITI Aayog Vice Chairman Arvind Panagariya today said the Indian economy can still manage an 8 per cent growth rate this fiscal. "I have

  • economy to grow around 7.5 in current fiscal finance

    Economy to grow around 7.5% in current fiscal: Finance Ministry

    December 01, 2015 12:44 IST

    New Delhi: Finance Ministry today expressed hope that the economy will grow in the vicinity of 7.5% during the current fiscal.The Finance Ministry further observed that the growth is being mainly driven by pick-up in

  • why rbi staff is planning to go on a mass leave on november

    Why RBI staff is planning to go on a mass leave on November 19?

    November 12, 2015 17:28 IST

    Kolkata: Reserve Bank's employees have proposed one-day mass leave on November 19 to protest what they termed as the government's intention to curb the apex bank's activity and intervening into monetary policies.The United Forum of

  • pm modi to launch india gold coin other schemes today

    PM Modi to launch 'India gold coin', other schemes today

    November 05, 2015 12:56 IST

    New Delhi: Prime Minister Narendra Modi will today launch the first ever 'India gold coin' bearing Ashok Chakra and other three gold related schemes.The other two are Gold Monetisation Scheme (GMS) and Gold Sovereign Bond

  • finance ministry officials set to meet market players

    Finance Ministry Officials set to meet market players

    India | October 20, 2015 10:17 IST

    Finance Ministry Officials set to meet market playersNew Delhi: Aimed at ensuring ease of doing business in the financial market, the Finance Ministry will hold two-day interactive meetings on October 20-21 with foreign portfolio investors

  • those did not take advantage of black money window will

    'Those did not take advantage of black money window will regret'

    October 02, 2015 9:37 IST

    New Delhi: Committing to fight the menace of black money, Finance Ministry today said that those who have not taken advantage of the compliance window to declare their unaccounted overseas assets and come clean will

  • black money government collects rs 3 770 crore from stash

    Black money: Government collects Rs 3,770 crore from stash holders

    India | October 01, 2015 21:06 IST

    New Delhi: Government on Thursday said it received an amount of Rs 3,770 crore from 638 declarations under the one-time black money compliance window that closed on Wednesday."638 number of declarations have been received under

  • finance ministry decides to revisit small savings interest

    Finance Ministry decides to revisit small savings interest rate

    September 29, 2015 21:30 IST

    New Delhi: The Finance Ministry today said the interest rate on small savings like PPF and post office deposits will be reviewed, but interest of small savers will be taken into account while doing so."It

  • black money compliance window to end tomorrow

    Black money compliance window to end tomorrow

    September 29, 2015 17:56 IST

    New Delhi: With the one-time black money declaring 'compliance window' coming to an end tomorrow, the Income Tax department has asked its officials to ensure that interested entities are provided all help to make their

  • 7th pay commission to submit report soon

    7th Pay Commission to submit report soon

    India | September 23, 2015 16:55 IST

    New Delhi: Seventh Pay Commission is ready with its recommendations on revising emoluments for nearly 48 lakh central government employees and 55 lakh pensioners, and will soon submit report to the Finance Ministry.Earlier in August,

  • finance ministry seeks public comments for budget 2016 17

    Finance ministry seeks public comments for Budget 2016-17

    September 22, 2015 20:06 IST

    New Delhi: The finance ministry has decided to invite suggestions from the public for 2016-17 Budget in its bid to make the exercise more broad-based.The suggestions can be posted on http://mygov.nic.in portal."The ministry of finance

  • service tax new guidelines for returns scrutiny from august

    Service Tax: New guidelines for returns' scrutiny from August

    July 17, 2015 18:15 IST

    New Delhi:  Announcing new guidelines for the manual scrutiny of service tax returns from August 1, the finance ministry on Friday said while scrutiny and anti-evasion work will be the domain of the Central Board of

  • black money law finance ministry wants people to address

    Black money law: Finance Ministry wants people to address queries to CBDT

    India | July 14, 2015 18:27 IST

    New Delhi:  Finance Ministry on Tuesday dismissed some media reports on the new blackmoney law as "surmises" and asked people to address queries directly to the revenue department.Without specifying the reports, the Ministry said that

  • service charge collected by hotels is not service tax

    Service charge collected by hotels is not service tax: Finance Ministry

    July 14, 2015 17:11 IST

    New Delhi:  The government today clarified that “service charge” collected by certain restaurants and hotels is not “service tax”, which is levied at a rate of 5.6 per cent on the total bill.In a statement,

  • government working on new agriculture insurance scheme for

    Government working on new agriculture insurance scheme for farmers: Arun Jaitley

    Politics | July 12, 2015 18:56 IST

    Mumbai:  Government is working on a new agriculture insurance scheme that will cover all the inputs put by a farmer into his farm as also the loans taken by him, Finance Minister Arun Jaitley said

  • india likely to sign us tax compliance law fatca on thursday

    India likely to sign US tax compliance law FATCA on Thursday

    July 07, 2015 19:26 IST

    New Delhi:  India is likely to sign the inter- governmental pact for the US tax compliance law FATCA on Thursday, a move that will help it fight tax evasion.Foreign Account Tax Compliance Act (FATCA) is

  • rashtrapati bhawan south block lagging behind in swachh

    Rashtrapati Bhawan, South Block lagging behind in Swachh drive

    India | July 04, 2015 22:18 IST

    New Delhi:  Hyderabad House, Vigyan Bhawan and Jawaharlal Nehru Bhawan have topped the Swachh Bharat Abhiyan (SBA) rating, leaving behind Rashtrapati Bhawan and South Block among the 29 government buildings in the capital that were

  • in bulk of rural india rs.5 000 is highest wage

    In bulk of rural India, Rs.5,000 is highest wage

    India | July 03, 2015 16:25 IST

    New Delhi : For nearly 75 percent of the 17.9 crore (nearly 180 million) households in rural India, the monthly income of the highest-earning member is less than Rs.5,000, ($83) even as close to 40

  • finance ministry asks taxpayers to e file income tax

    Finance Ministry asks taxpayers to e-file Income Tax returns early

    July 02, 2015 7:09 IST

    New Delhi: The Finance Ministry on Wednesday asked taxpayers to file their I-T returns for 2015-16 early to avoid the rush towards the last date of August 31.The tax department, yesterday, made fully operational its

  • service tax only in ac restaurants effective rate 5.6

    Service tax only in AC restaurants; effective rate 5.6%

    June 10, 2015 12:26 IST

    New Delhi: Service tax will not be levied on customers dining in restaurants without air conditioning facility or central heating, the Finance Ministry has clarified.Even the restaurants that have ACs or central heating will levy

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