Page 86 - Finance Ministry

Govt's move to bring DPE under FinMin to aid privatisation process

The changes are being done as govt looks to maintain "bare minimum" presence in PSUs in strategic sectors and privatise, merge, or close the remaining state-owned entities

FinMin gets bigger: Dept of Public Enterprises now part of Finance Ministry

Finance Ministry will now have six departments while DPE's hereto parent ministry, the Ministry of Heavy Industries and Public Enterprises will now be called the Ministry of Heavy Industries.

Ahead of cabinet expansion, govt brings DPE under finance ministry

Earlier, the DPE came under the Ministry of Heavy Industries and Public Enterprises

Finance ministry begins an independent survey on faceless scheme

The survey will cover about 200,000 scrutiny cases, which will include complex cases as well

The current 'inflation' is a mystery. FinMin, RBI must tread carefully

At a time of declining incomes, people don't have money. So they do not buy. If they don't buy, prices must fall, not increase. What, then, explains the inflation? T C A Srinivasa Raghavan explores

Statsguru: In a year dominated by Covid-19, financial stability is intact

The central bank now expects about 9.8 per cent of gross advances to be non-performing by March 2022, in the baseline scenario

30 years of economic reforms: Here's a look at the broad contours of change

The pace of changes in the first 100 days of a minority govt remains unparalleled till today

Reserve Bank of India changes methodology to ensure bond auction success

Adopts uniform price auction for bonds up to 14 years till further notice

4 years later, our worst fears have been confirmed with GST: Tamil Nadu FM

There is lower income inequality in Tamil Nadu than it is in most places. Therefore, we are also a very high-consumption state, said Tamil Nadu FM Thiagarajan

Enhanced GST revenue collections should now be 'new normal': FM

Commending taxmen for enforcement measures in dealing with GST fraud, Finance Minister Nirmala Sitharaman said the enhanced revenue collection in the recent months should now be the 'new normal'

Govt keeps interest rates on small savings schemes unchanged for Sept qtr

The schemes will continue to fetch small investors better rates than other fixed income avenues such as bank fixed deposits

Finance ministry to issue appreciation certificates to 54,439 GST payers

The ministry said it will issue certificates of appreciation to over 54,000 GST payers for timely filing of returns and cash payment of the tax, to mark the 4th anniversary of the historic tax reform

Finmin reimposes spending curbs on ministries, depts for Q2 of FY22

Move made keeping in mind cash position ahead of likely third wave; health, MSME and rural development spared restrictions

Indices end in red despite FM's relief announcement; Titan falls over 1%

The Sensex fell 189 points, led by losses in index heavyweights Reliance Industries, TCS, and HDFC amid a negative trend in global markets.

Experts doubt India's new loan guarantees will boost economic growth

Industry leaders and economists said the new loan guarantees, amounting to $35 billion, may provide some temporary relief but would not be sufficient to boost economic growth.

Health, credit, jobs: FM announces 8 measures to revive economy in pandemic

Nirmala Sitharaman unveils more support measures for the economy, including a 50% expansion in its emergency credit program.

1991 ushered in many relationship changes; govt-RBI one was the foremost

From 1991 onwards, the RBI became a full, if slightly junior, partner of the finance ministry, instead of being a 'mere subordinate department of the financial ministry'

No resumption of DA, DR from July 1 for central govt employees: FinMin

The Ministry of Finance on Saturday clarified that no order regarding resumption of dearness allowance (DA) for the central government employees and dearness relief (DR) for the central government pensioners from July 1 has been issued.In 2020, the Ministry of Finance announced to freeze the hike in DA and DR till July 2021.Taking to Twitter, the Finance Ministry said a fake document is doing rounds on social media claiming resumption of DA to Central Government employees and Dearness Relief to Central Government pensioners."A document is doing rounds on social media claiming resumption of DA to Central Government employees & Dearness Relief to Central Government pensioners from July 2021. This OM is #FAKE. No such OM has been issued by GOI," it tweeted.According to the order issued on April 23, 2020, no arrears will be paid for the period from January 1, 2020, to June 30, 2021."As and when the decision to release the future instalment of dearness allowance and dearness relief .

No order issued for payment of increased DA, DR, says Finance Ministry

The Finance Ministry on Saturday said that no order relating to the payment of increments in dearness allowance for central government employees and dearness relief for pensioners has been issued. In a tweet, the Ministry said a document is doing the rounds on social media claiming resumption of DA to Central Government employees & Dearness Relief to Central Government pensioners from July 2021. "This OM (Office memorandum) is #Fake. No such OM has been issued by GOI," it tweeted. In April last year, the finance ministry had put on hold increment in dearness allowance (DA) for 50 lakh central government employees and 61 lakh pensioners till June 30, 2021, due to the COVID-19 pandemic. In view of the crisis arising out of COVID-19, it has been decided that additional instalment of dearness allowance payable to central government employees and dearness relief (DR) to central government pensioners due from January 1, 2020, shall not be paid." The additional instalment of DA and DR ..

Centre exempts tax on expenses incurred for Covid-19 treatment

This exemption is applicable to any amount paid by the employer, and limited to Rs 10 lakh if received from any other person, the finance ministry notified