Page 23 - Finance Ministry

IDBI Bank potential bidders likely to get data room access next week

This will allow interested bidders to obtain detailed financial information about the bank to carry out due diligence

Kerala seeks Rs 24,000 crore special financial package from Centre

Kerala has sought a Rs 24,000 crore special financial package from the Centre, Minister of State for Finance Pankaj Chaudhary said in a written reply in Rajya Sabha on Tuesday. He also said that Andhra Pradesh has sought Rs 15,000 crore for developing state capital Amravati and Rs 17,144.06 crore for various sectors, including Polavaram irrigation projects. In addition, he said Bihar has also requested for about Rs 785 crore for various projects. "A letter dated 27th June 2024 was received from the Finance Minister of Kerala in which the State Government of Kerala has requested for a special financial package of Rs 24,000 crore for the state," the minister said. In addition, a request for a special capital investment support of Rs 5,000 crore was also made for developing the Vizhinjam Port region in Kerala. Chaudhary further said request has also been received from Andhra Pradesh for financial support for various sectors, including Polavaram irrigation projects (Rs 17,144.06 crore

India has overcome after-effects of pandemic with capex push: FM Sitharaman

Nirmala Sitharaman said that not mentioning a state in the Budget speech does not mean that it will not be given any financial support, referring to the Opposition's charge on Bihar and Andhra

Tax certificate not mandatory for all travelling abroad: Finance Ministry

Applicable to those involved in serious financial irregularities, tax dues over Rs 10 lakh

News updates: One dead after flooding in UPSC coaching centre basement, rescue operations underway

Catch the latest news from around the world here

PM Modi urges states to attract FDI, suggests 'investor-friendly charter'

Investor friendly charter, zero poverty and demographic management plans highlights of NITI Aayog meet

Steel ministry knocks on finance ministry's door for RINL support

The request to finance ministry is to help RINL continue as a going concern

CM Stalin attacks Centre, calls Union Budget a 'revenge' against country

Tamil Nadu Chief Minister M K Stalin on Saturday launched a sharp attack against the ruling BJP at the Centre over the 2024-25 Union Budget, calling it a 'revenge' taken by the saffron party against the country and warned it will face more electoral defeats since it was committing "mistake after mistake." Explaining his decision to boycott the Niti Aayog meeting scheduled in New Delhi under the Chairmanship of Prime Minister Narendra Modi on Saturday, Stalin said he was 'compelled' to speak in the people's forum, seeking justice due to the "discriminatory attitude" towards Tamil Nadu reflected in the budget. The state's pleas for disaster relief to the tune of Rs 37,000 crore and Chennai Metro Rail's second phase were not heeded to, he said in a statement. Further, the BJP runs "the government with political motive". "The budget presented on July 23 is evidence of this. In the recently held parliamentary elections, the people of various states defeated the anti-people BJP. The Budg

First draft of revised direct tax code in 6 months: Revenue secretary

Malhotra said that the exercise is not linked to bringing a new Direct Tax Code, but a comprehensive review of the income tax law

Budget 2024: FM Nirmala Sitharaman hikes higher education funding by 8%

Union Budget 2024: Finance Minister Nirmala Sitharaman allocated Rs 47,619 crore for the higher education sector under the Ministry of Education

Budget 2024: Customs duty hike to increase costs for 4G, 5G network rollout

Union Budget 2024: The increase in basic customs duty on printed circuit board assemblies from 10% to 15% can help create a robust telecom equipment manufacturing ecosystem in India

Budget at a glance: Here're the key numbers from Union Budget 2024

This is Nirmala Sitharaman's seventh consecutive presentation

Is old tax regime over? What FM Sitharaman said about old and new regimes

Union Budget 2024-25: Govt to review old tax regime. What is the current tax system and what has the Budget 2024 proposed for FY25

Union Budget 2024-25: A Budget for long term capital and gains

The stock market's knee-jerk reaction must not define FM Sitharaman's far-reaching Budget

Budget 2024-25 commits reforms to strengthen IBC, strengthen tribunals

Finance Minister says integrated technology platform will be set up for improving bankruptcy code outcomes

Budget 2024: 'Cruel, madness' - internet angry over capital gains tax hike

Union Budget 2024: Several people took to social media platform X (formerly Twitter) to criticise the move, noting that it is painful for stock market investors

Union Budget 2024: Rahul Gandhi calls it a copy-paste 'kursi bachao' Budget

Budget 2024: Congress leader Rahul Gandhi said the Budget 2024 document was copied from the Congress party's election manifesto

Budget 2024: FM's speech sparks praise for employment scheme, angel tax cut

Budget 2024: Industry experts react to Finance Minister's announcement of three employment-linked incentive schemes, abolition of angel tax, among others

FM's Budget speech more focused on posturing than action, says Congress

The Congress on Tuesday claimed that the government seems to have finally come around to "tacitly admitting that mass unemployment is a national crisis" that requires urgent attention, as it slammed Finance Minister Nirmala Sitharaman's budget speech as being "more focused on posturing than action". The opposition party's assertion came after Sitharaman in her budget speech announced that the government will launch three employment-linked schemes. These schemes will be based on enrolment in the Employees' Provident Fund Organization (EPFO), Sitharaman said in the Lok Sabha. Congress general secretary in-charge communications Jairam Ramesh said, "After ten years of denial -- where neither the non-biological PM nor his party's Lok Sabha Elections Manifesto would even mention jobs -- the Union Government seems to have finally come around to tacitly admitting that mass unemployment is a national crisis that requires urgent attention." "It's far too late, and as it turns out, far too ..

Budget 2024: 'FM taking ideas from Congress manifesto', says Jairam Ramesh

Union Budget 2024: Congress leader Jairam Ramesh said the Finance Minister has taken a leaf out of the INC's Nyay Patra 2024, with its internship programme. Here's how the Opposition reacted