Finance Ministry

National Dairy Development Board Urges Nirmala SitharamanTo Rationalize Taxes On Dairy Items

Business | Indo-Asian News Service | Friday June 14, 2019

An official NDDB's press release stated on Wednesday that Mr Rath also impressed upon the finance ministry to increase export incentives.

Budget: Nirmala Sitharaman Discusses Liquidity Crunch, Bad Loans With Bankers

Business | Indo-Asian News Service | Thursday June 13, 2019

A Finance Ministry statement also said that capital infusion in PSBs and a separate bond exchange were among the other issues discussed

Budget 2019: Government May Reduce Oil Cess To Boost Production, Says Report

Business | Indo-Asian News Service | Tuesday June 11, 2019

The Finance Ministry had revised the oil cess in the Union Budget 2016-17, shifting it from the specific charge of Rs 4,500 per tonne of crude to an ad valorem rate of 20 per cent.

Government Not To Seek Funds For State-Run Bank Recapitalisation: Report

Business | Indo-Asian News Service | Monday June 17, 2019

In 2018-19, the government had pumped in the highest-ever infusion of Rs 1.6 lakh crore into PSBs to meet regulatory and growth capital requirements.

Senior Tax Officer SK Srivastava Among Those Made To Retire

India News | Reported by Arvind Gunasekar, Edited by Anindita Sanyal | Tuesday June 11, 2019

Twelve officials of the Income Tax department made to take voluntary retirement today included senior official SK Srivastava. The 55-year-old was the Commissioner of Appeal in Gautam Budh Nagar near Delhi, who is accused of sexually harassing two women officers of the Revenue Service.

12 Top Tax Officers Told To Retire Amid Corruption, Sex Harassment Probes

India News | Reported by Neeta Sharma and Arvind Gunasekar, Edited by Anindita Sanyal | Tuesday June 11, 2019

Twelve officials of the Union Ministry of Finance have been forced into compulsory retirement -- the allegations against them range from extortion to bribery and sexual harassment, a circular from the government read.

Crowdsourcing Budget 2019? Centre Seeks Ideas, Suggestions Via Open Forum

India News | Edited by Aditya Sharma | Friday June 7, 2019

A day after Finance Minister Nirmala Sitharaman tweeted her appreciation for public feedback ahead of the full Union Budget, the government today put out a link to its open forum, inviting more ideas and suggestions.

Chinese Importers Apply For Waivers On Import Tariffs On US Goods

World News | Reuters | Wednesday June 5, 2019

Chinese importers are preparing applications for waivers on import tariffs levied on more than 700 U.S. goods in the Sino-U.S trade war, after the finance ministry said it would start taking submissions.

Finance Ministry In ''Quarantine'' From Monday As Budget-Making Begins

India News | Press Trust of India | Tuesday June 4, 2019

As the Narendra Modi-led government gets down to prepare its first Budget, North Block, which houses the Finance Ministry, will be in ''quarantine'' from Monday until the presentation of the Budget on July 5.

New Finance Minister Nirmala Sitharaman's Tweets On Economy, And Pickles

India News | Vrishti Beniwal, Bloomberg | Friday May 31, 2019

Nirmala Sitharaman, who became India's first woman finance minister in nearly five decades, isn't a novice at the job.

Ministers Sworn In. Who Will Be The Big 4? Suspense Builds

India News | Reported by Sanket Upadhyay, Sunil Prabhu, Edited by Deepshikha Ghosh | Thursday May 30, 2019

As Prime Minister Narendra Modi took oath along with 57 ministers on Thursday, there was speculation on the Big Four in the new cabinet - the Home Minister, Finance Minister, Defence Minister and External Affairs Minister.

Arun Jaitley Unlikely To Remain Finance Minister: Report

India News | Reuters | Friday May 24, 2019

Finance Minister Arun Jaitley is unlikely to continue in his current role due to poor health as Prime Minister Narendra Modi begins his second term, according to four sources with knowledge of the matter.

China To Impose Retaliatory Tariffs On US Goods Despite Donald Trump's Warning

Business | Thomson Reuters | Monday May 13, 2019

China's finance ministry said it plans to set import tariffs ranging from 5 per cent to 25 per cent on 5,140 US products on a target list worth about $60 billion.

Extent Of GDP Overestimation In All Likelihood Marginal: Finance Ministry

India News | Press Trust of India | Friday May 10, 2019

Amid concerns raised over growth numbers in the wake of an NSSO report, the finance ministry on Friday said the extent of overestimation of GDP "in all likelihood is marginal" as the proportion of closed and non-traceable enterprises in the corporate affairs ministry's database is falling.

Finance Ministry Begins Preparing For Full Budget Presentation In July

India News | Indo-Asian News Service | Friday May 10, 2019

The Union Finance Ministry has started preparations for the presentation of the full Budget 2019-20 by a new government in July, even as the country is in the midst of the ongoing seven-phased general elections.