Page 74 - Finance Ministry

You started privatisation in 1991: Sitharaman to Cong in Rajya Sabha

Congress initiated the privatisation process in 1991 and disinvestment of worth over Rs one lakh crore was made in 1991 and the following years, she said

Taxing income doesn't give cryptos legitimacy: FM Sitharaman

'I am not going to legalise it or ban it at this stage. Banning or not banning will come subsequently, when consultations give me input,' says FM in Parliament

Govt contained inflation at 6.2% despite biggest contraction in economy: FM

She stated that the objective of the Budget is a stable and sustainable recovery in the economy

LIC: Govt weighing 5% stake sale via mega IPO, says report

The government plans to offer 316 million shares of the 6.32 billion shares it owns in Life Insurance Corp of India, and no fresh stock will be issued, say sources

Eligible entities have purchased bonds worth over Rs 9,200 cr: Govt

The Electoral Bond Scheme 2018, was notified by the government on January 2, 2018

India GDP estimated at Rs 147.5 trn in FY22: MoS Finance Pankaj Chaudhary

In a written reply to a query in the Lok Sabha, Chaudhary said the government has implemented several major reforms in recent years to boost investment and GDP growth

Finance Ministry eyes new ways to boost non-lapsable defence fund

The ministry said FFC recommendations are against good parliamentary practice

Sebi should hear if cos have views on separate roles of Chairperson, MD: FM

At the end of December 2020, 53% of the top 500 listed entities had complied with the provision

'Sec 135AA aimed at hackers of commercially sensitive trade-related data'

'By selling commercially sensitive information, the hackers adversely impact the competitive position of Indian exporters in international trade,' says Revenue Secretary

Union Budget: NHAI to keep off bond market in 2022-23

Recognising the huge debt burden of NHAI at Rs 3.38 trillion, the finance ministry has given it nil space to borrow any more in the FY23 Budget

Finance Ministry's real FY23 GDP forecast lower than in Economic Survey

The last time India's real GDP was at 8 per cent-plus was in 2015-16 (8 per cent) and 2016-17 (8.3%)

Cryptocurrency will never be a legal tender: Finance secy Somanathan

Cryptocurrency will never be a legal tender, Finance Secretary T V Somanathan said on Thursday clearing the air on the legality of private digital currencies in the market.

Budget 2022: SEZ 2.0 to revive activities, says Commerce secy Subhramanyam

Subramanyam also said that the Union Cabinet has already approved the interest equalisation and the modified version of the scheme will be soon notified

Union Budget 2022: Approval on FDI policy tweak to facilitate LIC IPO

The industry department will soon seek the approval of the Union cabinet regarding the same

We have been studying crypto sector for the past five years: JB Mohapatra

We now have sufficient working knowledge as to how the sector works, and in what manner surplus is being generated, says Mohapatra

Budget opted for lasting benefits, not temporary relief: TV Somanathan

I still hold the view that except for the poor, what is restraining consumption is activity restriction, which is not financial in its origin, says finance secretary

Union Budget 2022-23: Green bond push likely to bring in investors

Green bonds are regular bonds but their proceeds are used for financing environmentally-sustainable projects.

Covid-19 vax: Low allocation in FY23, Centre has unutilised funds from FY22

Depending on utilisation of budgetary estimates, allocation can be hiked, say officials

Budget lays foundation for growth in next 25 years, says Niti Aayog VC

Niti Aayog Vice-Chairman Rajiv Kumar on Wednesday said the government is taking all possible measures to ignite private investments, which will be the best bet to pull the economy out of the shadows

'Allowing ITR updation for 2 yrs by paying extra tax not an amnesty scheme'

The two-year window provided to taxpayers to disclose omitted income and correct mistakes made in income tax returns, is not an amnesty scheme, Revenue Secretary Tarun Bajaj said on Wednesday