Page 11 - Finance Ministry

Finance ministry pulls up public-sector banks over staff misconduct

Ministry asks lenders to strengthen handling customer grievances following several incidents

DoT once again knocks on finance ministry's door to repay MTNL debt

The total outstanding dues to the PSBs of MTNL is Rs 8,415.55 crore

Govt gives stockbrokers flexibility in group companies' investments

The DEA has amended Rule 8 of SCRR to clarify that brokers can invest in group companies using own or borrowed funds without breaching rules if liabilities are limited

Finance ministry considers 10% duty on key telecom gear amid tax disputes

Plans new product classification for items at heart of Samsung, Nokia cases

Now hiring: Centre to fill 25 top posts in financial institutions soon

FSIB will conduct interviews and prepare the shortlist

AI regulation needs global cooperation, not isolated moves: Sitharaman

Speaking in Milan, Finance Minister Nirmala Sitharaman said a single-country approach to AI regulation risks failure as technology transcends national boundaries

Govt brings draft framework of 'India's Climate Finance Taxonomy'

The finance ministry's draft taxonomy aims to guide climate-aligned investments across power, mobility, buildings, MSMEs and hard-to-abate sectors

Krishnamurthy Subramanian's termination was India's call, says IMF

Sources said the reasons for Subramanian's termination included alleged impropriety in using his position to promote and publicise his latest book India@100

Govt preparing response to SC verdict on ₹19,700 cr JSW-Bhushan Power deal

The Supreme Court rejected JSW Steel's resolution of BPSL under the corporate insolvency resolution process, ordering the liquidation of the debt-laden company

RBI seeks 'vostro' accounts investment cap removal to push Rupee trade

The holders of such accounts can invest in Indian government debt without registering as foreign portfolio investors (FPIs), as overseas investors have to

Regional banks to function under 'One State, One RRB' from today: Details

28 Regional Rural Banks, down from 43, with more than 22,000 branches, will serve 700 districts in India

Ministry of Finance initiates search for a new whole-time member for Sebi

The new WTM may serve for up to five years, as specified in the appointment order, but must retire upon reaching the age of 65

Despite global risks, Indian economy poised for steady growth: FinMin

With the right strategies in place, continued domestic reforms, and a strong focus on infrastructure development and job creation, the economy can demonstrate resilient growth despite global uncertainties, a finance ministry report said on Tuesday. India's long-term growth is driven by macroeconomic stability, a resilient external sector, declining fiscal deficit, easing inflation, improving employment prospects, and high consumption expenditure, the March edition of Monthly Economic Review released by Department of Economic Affairs said. Private capital formation holds the key to the sustainability of this favourable constellation, it said, adding that public policy and regulatory measures can both facilitate and nudge the private sector to do its part. Nevertheless, it said, while geopolitical uncertainties present challenges for India, too, they also offer an opportunity to strengthen its position in international trade and manufacturing by leveraging its comparative advantages i

Finance ministry plans unified portal for govt-sponsored schemes

This is set to boost efficiency and reduce redundancy while providing greater convenience to bank functionaries implementing these schemes, said a senior government official

From Amazon to Google: Global SaaS companies face fresh tax demands

Demands raised for FY22, FY23

From watches to horses: Now, 1% TCS on luxury goods over ₹10 lakh

Earlier, TCS under Section 206C (1F) was applicable primarily to the sale of motor vehicles above ₹10 lakh

FinMin pushes banks to boost farm loans against e-warehouse receipts

So far, only eight banks have joined the NCGTC for credit guarantee coverage, while 26 banks have signed up for the e-KUN portal which is part of the Jansamarth portal

No GST on UPI transactions above ₹2,000, clarifies Finance Ministry

A ministry release said that since currently no MDR is charged on UPI transactions, there is consequently no GST applicable to these transactions

FinMin to hold high-level talks on 'One State, One RRB' execution on May 6

On April 7, the Union government released a gazette notification announcing the amalgamation of several RRBs, effective from May 1, 2025

FinMin sets Rs 17.31 trillion MSME lending target for PSBs in FY26

MSME lending target for PSBs raised 19.5%