March 26, 2019 07:20 PM IST
The government in the Budget had proposed to borrow a gross amount of Rs 7.10 lakh crore from the market during 2019-20, higher than Rs 5.71 lakh crore in the current fiscal.
March 07, 2019 09:57 PM IST
In a statement, the ministry said the annual returns form is now available on the common portal for filing and asked Goods and Services Tax (GST) payers to file their returns at the earliest.
February 20, 2019 07:54 PM IST
The recovery is expected to touch Rs 1.80 lakh crore by March 2019 with some of the resolutions at the final stage, Financial Services Secretary Rajiv Kumar said.
February 10, 2019 10:50 AM IST
The RBI had retained Rs 13,190 crore towards risks and reserves during 2016-17. It increased to Rs 14,190 crore in 2017-18. Together, retained amount is Rs 27,380 crore.
February 08, 2019 06:02 PM IST
The income tax department is likely to be holding back the refunds to exhibit a high tax collection figure.
February 04, 2019 12:44 PM IST
These reports were submitted to the government more than four years ago.
February 01, 2019 08:25 AM IST
The Department of Economic Affairs under the Ministry of Finance prepares the Budget in consultation with other ministries and stakeholders.
January 31, 2019 06:22 PM IST
The final figures and details of collections for the entire month of January will be will be released on February 2.
January 23, 2019 07:45 PM IST
To make APY more attractive, the Pension Fund Regulatory and Development Authority (PFRDA) has sought the ministry's nod to double the guaranteed minimum pension under the scheme to Rs 10,000 per month and increase the upper age limit to avail the scheme to 50 from existing 40.
January 21, 2019 05:41 PM IST
Finance Minister Arun Jaitley, however, missed the customary pre-Budget event as he is currently in the US for a medical check up.
January 15, 2019 06:16 PM IST
The 'Know Your Budget' series, which explains the importance of Union Budget and its making, would continue for about a fortnight.
January 14, 2019 04:01 PM IST
"The government is essentially a major shareholder. So, this need to be aligned to the best corporate practices. The shareholding needs to come down to at least 52 percent in the first phase.
January 13, 2019 11:28 AM IST
The measure, once implemented, would check the widespread practice of composition dealers of charging GST from purchasers and not depositing it with the exchequer.
January 13, 2019 11:21 AM IST
As on September 30, 2018, Specified Undertaking of Unit Trust of India (SUUTI) held around 9.63 percent stake in Axis Bank, 7.97 percent in ITC and 1.80 percent in L&T.
January 08, 2019 06:28 PM IST
The stance of the government comes after former RBI Governor Urjit Patel claimed that the central bank didn't enjoy much power over public banks to stop or contain bank frauds
January 03, 2019 04:15 PM IST
Tax experts said that ITC claims were allowed to businesses earlier provided businesses had generated invoice, paid taxes and filed returns. However, in the recent order the CBIC has mandated that ITC claims would have to be matched with GSTR-2A.
January 02, 2019 03:10 PM IST
The ministry said the larger purpose of demonetisation was to move India from a tax non-compliant society to a compliant society and the impact of note ban has been felt on collection of personal income tax.
January 02, 2019 02:47 PM IST
According to a recent World Bank report, India has improved its ranking in the Ease of Doing Business to 77th in 2018.
January 02, 2019 01:13 PM IST
The Finance Ministry has proposed setting up a single gold spot exchange at a meeting with exchanges last week, all of which want to set up individual spot exchanges.
January 01, 2019 11:15 AM IST
Many blamed the pressure brought by the government on the central bank to ease lending restrictions and release more of its capital to bolster the economy for Patel's resignation.
January 01, 2019 09:02 AM IST
The ministry further said the efforts were being made to achieve the target for non-debt receipts as well as tax receipts.
December 21, 2018 09:06 PM IST
What are the big challenges that face Shaktikanta Das and how easy or difficult will it be for him to broker peace between the government and the RBI.
December 14, 2018 02:17 PM IST
Sakshi Batra does a 3 point analysis on whether the government will be successful in getting access to RBI’s capital and how rating agencies will react to such a myopic approach.
December 12, 2018 01:56 PM IST
Since Das was a bureaucrat, he is expected to act as a catalyst between the central bank and the government
December 12, 2018 12:36 PM IST
Das served as the economic affairs secretary in the Finance Ministry from 2015 to 2017.
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