Page 84 - Finance Ministry

Ending retro tax to boost $5-trn economy dream: FM Nirmala Sitharaman

Rajya Sabha returns Bill to Lok Sabha amid Opposition protests

Army given allocation of Rs 2.84 trn between 2017-18 and 2021-22: Govt

The Indian Army has been given a budgetary allocation of Rs 2.84 trillion between 2017-18 and 2021-22 as against Rs 2.22 trillion in the previous five-year period

Lok Sabha clears Bill to end retrospective tax, Congress backs move

Backing the government's move, former Union Finance Minister P Chidambaram tweeted, "I am glad that we have put an end to an issue that has been troubling us for eight years"

Retro tax must be resolved via Indian law, not arbitral award: Somanathan

Somanathan says that the government doesn't support retrospective taxation since it creates sudden and fresh liability and is not in line with the stability and predictability of taxation

Gujarat: Rs 584-crore sports complex gets finance ministry nod

The Union Ministry of Finance has accorded an administrative approval for the upcoming sports complex in Gujarat's Ahmedabad city, which will be constructed at the cost of Rs 584 crore

Public float exemption for PSUs to have riders in privatisation push

The move is to ensure fairness and prevent arbitrary use of latest dispensation provided by the government

No agenda listed for FSDC's next meet, FinMin expresses surprise

Regulators fail to come up with issues to discuss at FSDC sub-committee meeting this month

SEIS allocation will help tourism-related services

Giving a substantial part of the meagre allocation under SEIS to hotels, restaurants and other tourism-related service providers against their NFE earnings in 2019-20 will help them cope with distress

Top headlines: India sticks to growth forecast; Kerala struggles with Covid

Business Standard brings to you the top headlines on Friday

Finance ministry sticks to double-digit economic growth forecast

Sanyal says ministry's assessment of inflation remains on a par with RBI's

West Bengal govt raises Rs 2,500 crore at 6.99% in RBI auction

The West Bengal government has raised Rs 2,500 crore in state development loans at 6.99 per cent in the latest auction held by the Reserve Bank of India, official data showed.

Finance Ministry invites entries for new DFI's name, tagline and logo

The finance ministry on Wednesday invited entries from citizens for name, tagline and logo for the new Development Financial Institution

Over 687 million transactions done under PM-KISAN scheme, says govt

As many as 68.76 crore transactions have been done under PM-KISAN scheme till the end of June this year

All ministries, departments to review central schemes by July end

The move includes evaluating the budgetary allocation for each scheme and phasing out various elements of schemes that may have become redundant

Gradual tweaks to LIC surplus payouts likely; Finmin exploring a glide path

Finmin exploring a glide path; considering the interests of both policyholders and future shareholders

Rationalise Customs duty

Besides removing exemptions, overall simplification is necessary

Statsguru: Performance and challenges of co-operative sector in India

Even though a fifth of these cooperatives are in the financial sector, their share has remained low

Govt must cut number of slabs in Customs duty

The finance ministry has made a good beginning by reviewing the exemptions with intent to eliminate them

Govt seeks Parliament nod for net additional Rs 23,675 crore spending

Finance Minister Nirmala Sitharaman on Tuesday sought Parliament nod for net additional spending of Rs 23,675 crore in the first batch of supplementary demands for the current fiscal year. As per the first batch of supplementary demands for grants tabled in the Lok Sabha, approval is being sought for gross additional expenditure of over Rs 1.87 lakh crore. Of this, the proposals involving net cash outgo aggregate to Rs 23,674.81 crore and gross additional expenditure, matched by savings of the ministries/departments or by enhanced receipts aggregates to over Rs 1.63 lakh crore.

Excise duty on fuel calibrated to generate resources for infra: FinMin

The excise duty rates on petrol and diesel have been calibrated to generate resources for infrastructure building and other developmental expenditure keeping in view the prevailing fiscal situation