Finance Ministry

Following Right Economic Policy, Not Populism: Arun Jaitley To NDTV

India News | Written by Namrata Brar | Sunday October 15, 2017

Amid intense criticism over the government's handling of the economy, Finance Ministry Arun Jaitley told NDTV that the Centre is following the "right economic policy", adding that it didn't indulge in populism

Last Day To File Final July GST Returns Is Tomorrow

Business | Press Trust of India | Monday October 9, 2017

"There will be no further extension given to taxpayers for filing their GSTR-1 return for July," said government.

Excise Duty Cut on Petrol, Diesel; It's Now Up To States To Reduce Tax, Says Centre

Business | Press Trust of India | Wednesday October 4, 2017

Finance Minister Arun Jaitley will soon write to all state chief ministers urging them to cut VAT on petrol and diesel, says Oil Minister Dharmendra Pradhan.

Sanitary Napkin Vending Machines Installed In Government Buildings

India News | Indo-Asian News Service | Friday September 29, 2017

Sanitary napkin vending machines and disposal machines have been installed in three women's washrooms in the North Block, which houses the Home and the Finance Ministries, an official statement said today

Government Sticks To 2017-18 Gross Market Borrowing Target: Report

Thomson Reuters | Thursday September 28, 2017

The government will stick to its budgeted market borrowing target for the fiscal year ending in March 2018, a senior Finance Ministry official told reporters on Thursday after a meeting with central bank officials.

Scope For Rate Cut By RBI, Says Finance Ministry Official

Press Trust of India | Saturday September 23, 2017

In its last policy review in August, the RBI reduced the repo rate by 0.25 per cent to 6 per cent in August

Chief Economic Adviser Arvind Subramanian's Tenure Extended By 1 Year

India News | NDTV News Desk | Saturday September 23, 2017

Chief Economic Adviser Arvind Subramanian's tenure has been extended by one year, the Finance Ministry has confirmed; it was supposed to end on October 16.

Examining Reports On Black Money Commissioned By UPA Government: Finance Ministry

India News | Press Trust of India | Wednesday September 20, 2017

The Finance Ministry says it is examining three reports on the quantum of black money held by Indians inside the country and abroad that were commissioned by the previous UPA regime and submitted more than three years ago.

PM Modi To Meet Finance Minister Arun Jaitley Today, Review Economic Situation

India News | Press Trust of India | Tuesday September 19, 2017

Concerned about the slowdown in the economy, Prime Minister Narendra Modi will interact with Finance Minister Arun Jaitley and other top officials today to take stock of the situation and discuss remedial measures to bolster growth.

Arun Jaitley To Launch Google Payment App 'Tez' On Monday

Indo-Asian News Service | Saturday September 16, 2017

"FM Shri @arunjaitley to launch the Google Digital Payment app 'TEZ' on Monday, 18th September, 2017 in the national capital," the Finance Ministry confirmed in a tweet.

PFRDA Proposes Maximum Entry Age Limit For National Pension System

Press Trust of India | Friday September 15, 2017

The entry age to NPS is now proposed to be increased to 65 years from 60 years and there is an option to continue up to age of 70 years, a Finance Ministry statement issued today said.

Rs 100 Coin To Arrive Soon: 5 Things That You Must Know

NDTV Profit Team | Tuesday September 12, 2017

"The coins of the denominations (Rs 100 and Rs 5) shall also be coined at the Mint for issue under the authority of the Central Government to commemorate the occasion of Dr M G Ramachandran's birth centenary," a notification from the Ministry of Finance stated.

Finance Ministry To Initiate Budget Exercise Next Week

Press Trust of India | Sunday September 10, 2017

With excise duty and service tax being subsumed in GST, the classifications will undergo change, an official said.

Government Freezes 2 Lakh Bank Accounts Of Suspected Shell Companies

India News | Reuters | Tuesday September 5, 2017

The bank accounts of 209,032 suspected shell companies have been frozen as part of a crackdown on illegal transactions and tax evasion, the Finance Ministry said on Tuesday

Finance Ministry Sends Black Money Reports To Parliamentary Panel

India News | Press Trust of India | Monday September 4, 2017

The Finance Ministry has sent three study reports on the quantum of black money held by Indians inside the country and abroad to a Parliamentary panel, more than three years after they were submitted to the government, officials said today.

Finance Minister Arun Jaitley To Attend Security Dialogue With Japan

India News | Press Trust of India | Sunday September 3, 2017

Arun Jaitley will attend a key security dialouge with Japan tomorrow though the charge of the defence ministry has been given to Nirmala Sitharamam in a major rejig of the Union Cabinet today.

Shiv Pratap Shukla Gets Finance Ministry In PM Narendra Modi's Cabinet

India News | Edited by Nidhi Sethi | Sunday September 3, 2017

Former Uttar Pradesh minister Shiv Pratap Shukla has got a place in Prime Minister Narendra Modi's newly rejigged cabinet. He has now become the Minister of State in the Ministry of Finance.

Arun Jaitley Says 'Global Message' In Appointing Woman Defence Minister

India News | Edited by Anindita Sanyal | Sunday September 3, 2017

Arun Jaitley, whose defence portfolio was handed over to Nirmala Sitharaman today, hailed the appointment of the country's first, full-fledged Defence Minister, saying it sends a global message. The Union Finance Minister, who held the additional charge of defence since Manohar Parrikar was sent back to Goa in March, had been saying that he wished ...

Nirmala Sitharaman Is India's New Defence Minister

India News | NDTV News Desk | Sunday September 3, 2017

Nirmala Sitharaman, who was promoted to the cabinet today, is the country's new Defence Minister. She takes charge of the crucial ministry from Arun Jaitley, who has been saying for some time that he would like to focus his attention entirely on the Finance Ministry.

After Cabinet Reshuffle, Arun Jaitley Keeps Finance

India News | NDTV News Desk | Sunday September 3, 2017

Arun Jaitley retained Finance Ministry while his Defence Ministry was handed over to Nirmala Sitharaman in the cabinet reshuffle today that saw nine new ministers take oath.Ms Sitharaman is India's first woman Defence Minister after Indira Gandhi, who held the department for a short while when she was Prime Minister.

Cabinet Reshuffle Highlights: Nirmala Sitharaman First Woman Defence Minister After Indira Gandhi

India News | Sunday September 3, 2017

Nine new ministers today took oath in fresh cabinet reshuffle in the Narendra Modi government - the third since he took charge as Prime Minister. Four ministers - Piyush Goyal, Nirmala Sitharaman, Dharmendra Pradhan, Mukhtar Abbas Naqvi - were elevated to cabinet level. Arun Jaitley will keep Finance, and Piyush Goyal has been assigned Railways. Ni...

Government Waives Penalty On Late GST Returns For July

Indo-Asian News Service | Saturday September 2, 2017

The taxpayers will, however, have to bear the interest on late payment of dues, the Finance Ministry said.

Cabinet Reshuffle On Sunday Morning, 8 Ministers Quit: 10 Points

India News | Reported by Sunil Prabhu | Saturday September 2, 2017

A new Defence Minister is expected to be appointed on Sunday morning when Prime Minister Narendra Modi is likely to revamp his cabinet in a big shake-up. Arun Jaitley will retain the Finance Ministry, sources said; he currently handles both key departments. The Prime Minister was still tweaking his list of new ministers till late on Friday night, s...

Arun Jaitley's Quip On Defence Ministry Amid Reshuffle Buzz

India News | Reported by Sunil Prabhu, Edited by Deepshikha Ghosh | Thursday August 31, 2017

Amid strong buzz around a cabinet reshuffle any day now, Finance Minister Arun Jaitley was today asked by reporters how long he would continue as Defence Minister. "At least I hope not very long," he replied, chuckling.

99 Percent Of Banned Notes Back, But Government Says Aim Met: 10 Points

India News | NDTV News Desk | Thursday August 31, 2017

Indians have returned almost all of the estimated Rs 15.44 lakh crore ($242 billion) in currency banned by Prime Minister Narendra Modi in a shock move in November, the Reserve Bank of India (RBI) said in its annual report on Wednesday. The Finance Ministry, in a statement, said a "significant portion" of it could be black money. The tax authoritie...

Finance Ministry To Decide Tomorrow Whether To Extend PAN-Aadhaar Linking

Press Trust of India | Wednesday August 30, 2017

Currently the deadline for linking PAN with biometric identifier Aadhaar, is tomorrow.

No Proposal To Re-Introduce 1,000 Rupee Notes: Finance Ministry

Press Trust of India | Tuesday August 29, 2017

The Reserve Bank on August 25 had launched a bright yellow Rs 200 notes to ease pressure on lower-denomination currency bills and also fill the "missing link" between Rs 100 and Rs 500 currency.

RBI To Issue Rs 200 Notes, Says Government

India News | Edited by Shuchi Shukla | Wednesday August 23, 2017

The central bank will soon issue 200-rupee note the Finance Ministry has confirmed today. The move will help fill the vast demand for cash after the notes ban that wiped out over 85 per cent of the cash in circulation.

GST Return Filing Deadline Extended For Businesses With Transitional Credit

Business | Press Trust of India | Friday August 18, 2017

These entities get one more week until August 28 to file their returns.

Jan Dhan Scheme: 1,767 Accidental Insurance Claims Settled

Press Trust of India | Tuesday August 15, 2017

Data from the Finance Ministry showed that a total of 2,514 accidental insurance claims were filed under the Jan Dhan financial inclusion programme.