Tuesday, Jul 05, 2022
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Spectrum Auction To Be Conducted For 5G Rollout Within 2022-23: Finance Minister

Spectrum Auction To Be Conducted For 5G Rollout Within 2022-23: Finance Minister

Finance Minister Nirmala Sitharaman on Tuesday said spectrum auction will be conducted to roll out 5G mobile services within 2022-23 by private firms.

01 February 2022
Finance Ministry Allows 2 States To Borrow Additional Rs 7,309 Crore For Power Sector Reforms

Finance Ministry Allows 2 States To Borrow Additional Rs 7,309 Crore For Power Sector Reforms

The objectives of the additional borrowing permissions are to improve the operational and economic efficiency of the sector, and promote a sustained increase...

28 January 2022

Finance Ministry To Release Rs 47,541 Crore For Tax Devolution To States

The states would receive a total of Rs 95,082 crore or double their respective entitlement during the month of January 2022.

Finance Ministry Asks Other Ministries To Restrict Expenses Within Prescribed Limit

Finance Ministry Asks Other Ministries To Restrict Expenses Within Prescribed Limit

In an office memorandum seeking proposals for the third and final batch of Supplementary Demands for Grants, the economic affairs department under the finance...

19 January 2022

Union Budget 2022: Rekindle Consumption By Creating More Jobs

Extending jobs guarantee schemes would act as a bridge for boosting short term incomes and consumption growth before medium-term capex plans start to take...

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11 January 2022
Date To File Income Tax Returns Extended Till March 15

Date To File Income Tax Returns Extended Till March 15

The decision has been taken due to the Covid-19 impact and after several taxpayers including chartered accountants complained about technical glitches in...


11 January 2022
LIC IPO: Indian Govt Taking All Possible Initiatives For Highest Participation

LIC IPO: Indian Govt Taking All Possible Initiatives For Highest Participation

The government of India is taking all possible steps like newspaper advertisement, sending text messages to people to ensure LIC IPO is a success.


03 January 2022
Finance Ministry Notifies SEBI Rules For Holding Inquiry, Imposing Penalty

Finance Ministry Notifies SEBI Rules For Holding Inquiry, Imposing Penalty

A notice or an order issued under these rules has to be served on the person by delivering or tendering it to that person or his duly authorised agent.


24 November 2021
In Jammu And Kashmir, Sitharaman Hands Over Credit Sanction Letters Of Rs 306 Crore To 145 Beneficiaries

In Jammu And Kashmir, Sitharaman Hands Over Credit Sanction Letters Of Rs 306 Crore To 145 Beneficiaries

On the occasion, Sitharaman said that she will ensure that more bank activities take place in Jammu and Kashmir and more Public Sector Banks set up branches in...


16 November 2021
Sitharaman Interacts With CMs, FMs To Step Up Investment, Growth

Sitharaman Interacts With CMs, FMs To Step Up Investment, Growth

Union Finance Minister Nirmala Sitharaman on Monday virtually interacted with the Chief Ministers and Finance Ministers of all the states along with Lieutenant...


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02 November 2021
Credit Outreach Programme: Loans Worth Rs 63,574 Crore Sanctioned To 13.84 Lakh Borrowers

Credit Outreach Programme: Loans Worth Rs 63,574 Crore Sanctioned To 13.84 Lakh Borrowers

The credit outreach programme was an initiative of the ministry of finance under which banks were asked to reach out to every district of the country to endow...


27 October 2021
K.V. Kamath Appointed As Chairperson Of NaBFID

K.V. Kamath Appointed As Chairperson Of NaBFID

In March this year, the Parliament had cleared the bill for setting up the Rs 20,000 crore National Bank for Financing Infrastructure and Development.


26 October 2021
Department Of Economic Affairs Invites Applications For Next Chief Economic Adviser

Department Of Economic Affairs Invites Applications For Next Chief Economic Adviser

The circular states that the last date of receiving the applications if twenty days following the date of publication, that is, November 15, 2021.


16 October 2021
India’s Recent Economic Reforms Hailed In US: Nirmala Sitharaman

India’s Recent Economic Reforms Hailed In US: Nirmala Sitharaman

The Union Finance Minister Nirmala Sitharaman currently on her US visit said Joe Biden administration and US corporates have hailed India’s recent economic...


15 October 2021
India’s ‘Maitri’ Played Major Role In Global Covid-19 Fight: Nirmala Sitharaman

India’s ‘Maitri’ Played Major Role In Global Covid-19 Fight: Nirmala Sitharaman

Union Finance Minister Nirmala Sitharaman said India’s pandemic response has focused on the ‘twin goals of saving both the lives and livelihoods’.


13 October 2021
Union Finance Minister Nirmala Sitharaman To Meet Her US Counterpart Yellen For EFP

Union Finance Minister Nirmala Sitharaman To Meet Her US Counterpart Yellen For EFP

Union Finance Minister Nirmala Sitharaman will meet US Treasury Secretary Janet Yellen on the sidelines of the annual meetings of the IMF and World Bank India...


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11 October 2021
India Gets Third List Of Its Nationals Having Swiss Bank Account

India Gets Third List Of Its Nationals Having Swiss Bank Account

This was the third such exchange between the Swiss body and India under the framework of the global standard on the automatic exchange of information (AEOI).


07 October 2021
Finance Ministry Releases Rs 40,000 Crore To Meet GST Compensation Shortfall

Finance Ministry Releases Rs 40,000 Crore To Meet GST Compensation Shortfall

It added that the total amount disbursed as back to back in lieu of GST compensation reached Rs 1.15 lakh crore for the current financial year.


27 September 2021
Government Will Borrow Rs 5.03 Lakh Crore in H2

Government Will Borrow Rs 5.03 Lakh Crore in H2

A total market borrowing of Rs 12.05 lakh crore was projected for the fiscal year 2021-22 in the Union Budget. The effective borrowing in H1 was Rs 7.02 lakh...


17 September 2021
FM Nirmala Sitharaman To Head GST Meet Today

FM Nirmala Sitharaman To Head GST Meet Today

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


23 August 2021
Centre Announces Rs 6 Lakh Cr National Monetisation Pipeline, To Monetise Assets Across Sectors

Centre Announces Rs 6 Lakh Cr National Monetisation Pipeline, To Monetise Assets Across Sectors

Announcing the National Monetisation Pipeline (NMP), Union Finance Minister Nirmala Sitharaman said the asset monetisation does not involve selling of land and...


23 August 2021
Infosys Submits Roadmap To Fix IT Portal Glitches In CEO’s Meeting With Finance Minister

Infosys Submits Roadmap To Fix IT Portal Glitches In CEO’s Meeting With Finance Minister

The finance ministry summoned Infosys CEO Salil Parekh over continued snags in India's new electronic tax filing portal


22 August 2021
Finance Ministry 'Summons' Infosys MD & CEO Salil Parekh For Not Resolving I-T Portal Glitches

Finance Ministry 'Summons' Infosys MD & CEO Salil Parekh For Not Resolving I-T Portal Glitches

Between January 2019 to June 2021, the government has paid Rs 164.5 crore to Infosys for developing the portal.


13 July 2021
FM Hopes For Stronger Bilateral Ties With Bhutan Upon Launching BHIM-UPI

FM Hopes For Stronger Bilateral Ties With Bhutan Upon Launching BHIM-UPI

The launch is expected to benefit more than 2,00,000 tourists from India who travel to Bhutan each year.


09 July 2021
Kerala CM Requests Centre To Waive Off Customs Duty For A Life Saving Drug Needed To Save A Child

Kerala CM Requests Centre To Waive Off Customs Duty For A Life Saving Drug Needed To Save A Child

Pinarayi Vijayan, in his letter to the PM, mentioned that the medicine costs a whopping Rs 18 crore and is proposed to be imported from the US.


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