New Delhi: The slowdown-hit economy may soon get a booster dose from the government with Finance Ministry working on a stimulus package for the industry may include a slew of financial measures ranging from tax cuts, subsidies and other incentives. Official sources said the package would not only aim to reduce the cost for the […]
New Delhi: The Finance Ministry is likely to receive the first tranche of the RBI’s surplus money towards December after its central board discusses and approves the report finalised by the Bimal Jalan panel. The six-member panel led by former RBI Governor Jalan, constituted to assess the adequate size of capital reserves that the RBI should […]
New Delhi: In an apparent sign of economic slowdown, India’s GST collections in August dropped to Rs 98,202 crore from over Rs 1.02 lakh crore in the previous month, the finance ministry said on Sunday. However, total Goods and Services Tax (GST) mop-up for August this year was 4.5 per cent higher than the Rs […]
New Delhi: In line with Finance Minister Nirmala Sithraman’s policy of discussion with stakeholders on policy matters, in a first the Finance Ministry has started the next budget planning by inviting suggestions on changes in direct and indirect taxes, including their rates, from industry and trade associations. Sitharaman, who had earlier announced additional measures to […]
New Delhi: Finance Ministry on Monday said the total number of Public Sector Banks (PSBs) branches as on June 30, 2019, was 87,526 out of which 28,815 (33%) are in rural areas. During 2016-17, 2,168 branches and in 2017-18, 834 branches and 2018-19, 438 branches and 2019-20 (till June 30), 86 branches have been opened […]
New Delhi: The Regional Director (Western Region) of Ministry of Corporate Affairs has conducted an Inspection of DHFL and submitted the inspection report to the Finance Ministry and as per that it has a total loan portfolio of Rs 95,615 crore, Lok Sabha was informed on Monday. The Regional Director (Western Region) has conducted an […]
Bhubaneswar: Is Odisha on the verge of a ‘financial crisis’ in the current fiscal year? Recently during a meeting of all Secretaries and Special Secretaries in Lok Seva Bhawan, a report presented by Principal Secretary, Finance Department on fiscal performance of the State during 2019-20 till end of October 2019 based on Treasury figures, revealed […]
New Delhi: Amid talks of the government likely to miss tax collection target this fiscal, the Finance Ministry has set a Rs 1.1 lakh crore monthly GST mop-up target for the remaining four months of 2019-20 financial year, ministry sources said. Revenue Secretary Ajay Bhushan Pandey had a video conference meeting with top tax officials […]
New Delhi: The Finance Ministry on Saturday said no Indian citizen has to mention religion for opening an account in banks. Banking and Finance Secretary Rajiv Kumar, in a tweet, said: “No Indian citizen has to disclose his/her religion for opening a bank account, for old account or for KYC formalities.” He has asked bank […]
New Delhi: Ahead of the announcement of interest rates on small savings schemes for the January-March quarter by December 31, the RBI has asked the Finance ministry to align their interest rates with market rates which govern the banks also in a bid to improve transmission. “The ministry has been internally sounded out and communicated […]
New Delhi: In view of the fragile financial position, the finance ministry has capped expenditures in the last quarter of the current fiscal under revised criteria of 3-8 per cent reduction from the existing guidelines and directed all government departments and ministries to restrict within the budgeted expenditures. Considering the fiscal position of the government […]
New Delhi: The State Bank of India (SBI) on Saturday said the Central government has nominated Debashish Panda, Special Secretary, Department of Financial Services, Finance Ministry as a director on the Central Board of SBI. Panda, a 1987-batch UP Cadre IAS officer, who hails from Odisha, is appointed with immediate effect replacing the earlier nominee […]
New Delhi: In a bid to contain the fiscal deficit in the face of a likely huge revenue receipt shortfall, Finance Ministry has asked other ministries and departments not to rush expenditure in the last quarter (Jan-March) of the current financial year which it says will be treated as breach of financial propriety while limiting […]
New Delhi: A day after Union Budget proposed to tweak the rule to prevent NRIs from evading tax in India, the Finance Ministry has clarified that bona fide workers in other countries including in the Middle East who are not liable to tax in these countries will not be affected by the new provision. A […]
New Delhi: The decline in the economic growth has bottomed out, said the finance ministry on Friday as the GDP growth slowed to a nearly seven-year low of 4.7 per cent in the quarter ending December 2020. The National Statistical Office (NSO) has, however, upwardly revised GDP growth estimates for the first quarter of 2019-20 […]
Copyright © 2024 - Odisha Television Limited All Rights Reserved.
LIVE TV
