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finance ministry Page-9

Interest rate on small savings hiked after several yrs; PPF to fetch 8 pc now

Interest on savings deposits has been retained at 4 per cent, annually.

20 Sep 2018 10:52 AM

'Govt, RBI to do everything to check rupee slide to unreasonable levels'

The rupee collapsed to a lifetime low of 72.91 against the dollar.

12 Sep 2018 4:13 PM

FinMin in touch with RBI for market intervention to contain rupee value

Decline of rupee is not secular as the Indian currency has strengthened against British Pound, Euro, Chinese Yuan and Japanese Yen.

11 Sep 2018 9:10 AM

Low GST collections ring alarm

GST collections stood at Rs 94,016 crore in May, Rs 95,610 crore in June, Rs 96,483 crore in July and Rs 93,960 crore in August.

10 Sep 2018 9:13 AM

Finance Ministry crafting strategy to boost GST revenues

Finance Secretary Hasmukh Adhia has started meeting with GST officers, both from central and state tax departments.

09 Sep 2018 12:29 PM


Total govt liabilities rise to Rs 79.8 lakh crore in Q1: FinMin report

Nearly 24.9 per cent of the outstanding dated securities had a residual maturity of less than five years.

08 Sep 2018 10:28 AM

Govt likely to borrow Rs 50,000 crore less in H2

Government planned to reduce borrowings for October-Ma¬r¬ch by trimming bond buyback programme.

07 Sep 2018 9:12 AM

Monetary limit for filing cases in DRT doubled to Rs 20 lakh

The move is aimed at helping reduce pendency of cases in DRTs. There are 39 DRTs in the country.

06 Sep 2018 6:02 PM

GST annual return forms to help check tax evasion: experts

The last date for filing annual return form for normal taxpayers GSTR-9 and for GSTR-9A is December 31.

06 Sep 2018 3:39 PM

Finance Ministry simplifies GST refund claim process for businesses

GST refunds can be claimed by simply submitting a printout of 'GSTR-2A' form.

05 Sep 2018 4:21 PM


Govt clears promotions to fill key PSB vacancies

Out of 22 bank GMs recommended by govt panel, 17 will be assigned for ED posts.

03 Sep 2018 8:56 AM

Bank branches to function normally next week; no need for panic: Fin Min

A rumour is circulating in several sections of social media that banks will be closed for 6 days in the first week of September 2018.

31 Aug 2018 2:39 PM

Bank branches to function normally next week; no need for panic: FinMin

Banks will only observe holidays on Sunday, September 2, and second Saturday, September 8.

31 Aug 2018 1:57 PM

Fin Min asks insurer to expedite claims arising out of Kerala floods

Pon Radhakrishnan stressed that the Centre is totally sympathetic to the state.

30 Aug 2018 6:09 PM

PNB gets top rank in digital transaction as per Finance ministry report

PNB average percentage of technical declines is only 0.83 per cent of total transactions.

25 Aug 2018 5:27 PM


LIC will be asked to speed up IDBI Bank acquisition process

IDBI Bank and LIC chairman did not reply to queries in this regard.

23 Aug 2018 8:40 AM

Finmin asks PSU bank CEOs to check frauds in NPAs or face penal action

SFIO is also looking into the books of companies which are currently undergoing debt resolution.

22 Aug 2018 5:32 PM

FinMin proposes to ease process of getting no tax deduction certificate

The tax department proposes to make changes in Form No 13 and related rules under the Income Tax Act.

20 Aug 2018 4:37 PM

Rupee fall due to external factors: Economic Affairs Secretary

The rupee hit an all-time low of 70.1 per dollar earlier, as concerns about Turkey’s economic woes persisted.

14 Aug 2018 12:36 PM

Saifee trust buys terrorist Dawood Ibrahim's Mumbai property for Rs 3.51 Cr

The auction of property, 'Masulla', a 4-storey building, was conducted by Union Finance Ministry.

10 Aug 2018 4:21 PM