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Rs 200 Notes Launched: In Banks From Tomorrow 24 August 2017
Rs 200 Notes Launched: In Banks From Tomorrow:- The Reserve Bank of India has been taking quick actions and after a long survey, they decided not to repeat the past mistakes in terms of currency. They are making sure that...
Keywords: Finance ministry, Rs 200 Notes arrival, Rs 200 Notes arrival, Rs 200 Notes announcement
Read MoreNegotiable instrument bill amended, can be misused 14 May 2015
The Negotiable Instruments (Amendment) Bill 2015 was passed by a voice vote in the parliament. Minister of State for Finance Jayant Sinha insisted that it would boost the "integrity of the financial system" and not lead to the harassment of...
Keywords: Sec 138, payee, lender, Sec 138
Read MoreGovernment To Auction Dawood Ibrahim's Properties 24 July 2018
Government To Auction Dawood Ibrahim's Properties:- The Union Finance Ministry invited bids to auction one among the properties of underworld don Dawood Ibrahim which is located in Pakmodia street, Mumbai. The reserve price has been locked as Rs 79.43 lakhs...
Keywords: Dawood Ibrahim auction, Dawood Ibrahim auction, Dawood Ibrahim new, Dawood Ibrahim new
Read MoreSEBI to take strict actions on Ponzi schemes 22 April 2015
SEBI has transferred its 20 senior officers from Mumbai to Kolkata in a bid to investigate the illegal collective investment schemes more effectively in the State. West Bengal is known as a major hub of money pooling activities, which is...
Keywords: Forward Markets Commission, Finance ministry, SEBI, SEBI
Read MoreGST Bill in Lok Sabha, will it get passed 25 April 2015
Finance Minister Arun Jaitley tabled the Goods and Services Tax Bill in the Lok Sabha for consideration, braving a prolonged wrangling with the Opposition over procedure. Jaitley said that the bill had been already introduced in Lok Sabha on December...
Keywords: Goods and Services Tax Bill, Congress, BJP, BJP
Read MoreCentre Transfers Rs 31,000 Cr For The Poor 24 April 2020
Centre Transfers Rs 31,000 Cr For The Poor:- Under Pradhan Mantri Garib Kalyan Package (PMGKP), around 33 crore beneficiaries are given cash support in this crucial coronavirus time. The Finance Ministry issued a statement about the same that the amount...
Keywords: Coronavirus latest, Coronavirus cases, Pradhan Mantri Garib Kalyan Package, Finance Ministry
Read MoreGovernment takes responsibility of LPG subsidy payments 21 April 2015
In a big boost to domestic oil and gas exploration, the government has decided to exempt state-owned ONGC and Oil India from paying for LPG subsidies, Oil Secretary Saurabh Chandra said today. "Government will fully meet subsidy burden of LPG...
Keywords: Oil India, Finance ministry, LPG subsidies, Oil India
Read MoreRBI Announces The Arrival of Rs 200 Notes 23 August 2017
RBI Announces The Arrival of Rs 200 Notes:- Indian Prime Minister Narendra Modi has some massive plans that can make huge changes for the Indian economy in the coming years. He shocked everyone with the demonetization of the currency after...
Keywords: Reserve Bank of India, Finance Ministry, Rs 200 notes updates, Rs 200 notes
Read MoreFiling of income tax returns made user-friendly 01 June 2015
The central government has announced the simplified and thinner income tax return forms, which do away with the need for the unnecessary disclosures on the spending on foreign visits and dormant bank accounts and extended the deadline for filing the...
Keywords: ITR, Finance ministry, Income tax returns, ITR
Read MoreNo New Government Schemes For A Year Says Centre 05 June 2020
No New Government Schemes For A Year Says Centre:- The Union Finance Ministry said that there would be no new government schemes for a year. This is taken after the coronavirus hit the country badly in all the available ways....
Keywords: Union Finance Ministry, Union Finance Ministry updates, Coronavirus India, Union Finance Ministry on coronavirus
Read MoreGST bill, BJP - Congress reaches consensus 05 May 2015
In major relief for the NDA government, Congress has assured that it will support the Goods and Services Tax bill, which means it will clear the parliament with the two-thirds majority which is needed for a constitutional amendment. Finance Minister...
Keywords: Goods and Services Tax bill, Goods and Services Tax bill, Congress, Congress
Read MoreOil Companies To Share The Burden After Petrol And Diesel Prices To Be Slashed 23 May 2018
Oil Companies To Share The Burden After Petrol And Diesel Prices To Be Slashed:- The fuel prices in the country reached all time high and the Centre has been facing the heat. The fuel prices will be slashed by Rs...
Keywords: Petrol and Diesel india prices, Oil Ministries, Petrol and Diesel updates, the Finance Ministry
Read MoreCancellation of 9000 NGOs registration a welcome step 28 April 2015
The Indian government has cracked down on nearly 9,000 NGOs that receive foreign funds. The home ministry has cancelled the registration of these NGOs, since they have failed to comply with rules. Home ministry letter says that 10,343 associations had...
Keywords: FCRA, NGO, FCRA, FCRA
Read MoreStringent law to curb black money 18 March 2015
Union cabinet has approved a stringent legislation to curb black money and illegal wealth stashed abroad. The bill will be introduced in the current session of Parliament. The provisions of the bill are as mentioned below:1. Concealment of income and...
Keywords: Modi, Black money, Black money, Finance ministry
Read MoreAadhar facilitates Direct Benefit Transfer 16 May 2015
The Centre government told the Supreme Court that it will continue with Unique Identification (UID) or Aadhaar card scheme for its multiple benefit to public. The Narendra Modi government made it clear that UID scheme is "voluntary" and not mandatory....
Keywords: Finance ministry, Aadhar, Unique Identification Authority of India, Direct Benefit Transfer
Read MoreCorporate tax to be lowered to bring it closer to international levels 21 November 2015
Government of India has unveiled the route-map of an ambitious reform plan to rid of its income tax law of exemptions and lower the corporate tax rate to 25% from 30%, and thus bringing it closer to international levels. Tax...
Keywords: Arun Jaitley, Finance ministry, Arun Jaitley, Finance ministry
Read More2500 crore a day 24 March 2015
Union government will borrow Rs 3.6 lakh crore from the markets in the first half of the next financial year, which is over 50% of the annual target of Rs 6 lakh crore. "We will issue long-term bonds of 40...
Keywords: Union government, Finance ministry, Fiscal year, Union government
Read MoreNew and simplified ITR forms, govt. Notifies 24 June 2015
For the assessment year 2015-16, the IT department has notified the new set of simpler income tax return (ITR) forms for filing the returns. The earlier set of filing the returns has led to many controversies, as it sought details...
Keywords: Aadhaar number, Finance Ministry, income tax returns, Finance Ministry
Read MoreCentre Promises to Clear Polavaram Project Dues 03 November 2020
Centre Promises to Clear Polavaram Project Dues:- As per the Andhra Pradesh Reorganization Act, the Centre announced Polavaram as a national project. After a series of unexpected episodes and incidents, the Union Finance Ministry agreed to clear the pending dues...
Keywords: AP on Polavaram Project, AP Polavaram Project dues updates, AP about Polavaram Project, AP about Polavaram Project
Read MoreUnion Budget, What’s in stock? 28 February 2015
Finance minister Arun Jaitley will present the first full-year Budget of Prime Minister Narendra Modi's government. Will Modi government's "make or break" fiscal exercise for the promised economic reforms and put India on a long-term high-growth rate. Buget is expected...
Keywords: Arun Jaitley, Union budget, Finance ministry, Union budget
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