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Latest Articles in finance ministry

Finmin Says Fundamental Of Indian Eco Robust, Reforms To Stimulate Investments

Government of India has also proactively taken policy decisions in response to the global slowdown.

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PMO Directs Finance Ministry To Take Action Against Kotak Mahindra Bank MD And CEO

PMO has asked Secretary, Department of Financial Services (Banking Division) to take appropriate action into the allegations of criminal conspiracy and illegal activities.

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Cos Opting For New Lower Tax Can't Claim MAT Credit, Other Deductions: CBDT

The Central Board of Direct Taxes (CBDT), in a clarification, said companies will be allowed to utilise such credits only against regular taxes under the old regime and may opt for lower corporate tax regime in the subsequent assessment years.

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Government Aims To Sell Air India, Other Firms By March 2020, Says Official

"The PMO is very clear that we cannot be selling government companies to another government company and then call it privatisation," the official said.

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'Blueprint Ready': Govt Mulling Fourth Booster Dose To Revive Economy

Last week, the government announced a slew of measures to boost exports and the real estate sector.

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FinMin Asks Commerce Ministry To Assess Revenue Impact Of Proposed RCEP

India is looking for a balanced trade agreement, as it would cover 40 per cent of the global gross domestic product.

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FM Discusses Budget Proposals With Financial Sector Regulators

The Council also held consultations to obtain inputs and suggestions of the financial sector regulators for the Budget.

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FinMin Assessing Capital Needs Of PSBs; Budget May Make Provision For Rs 30,000 Cr

The government made record capital infusion of Rs 1,06,000 crore in the public sector banks last fiscal.

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State Oil Firms Have Stopped Taking Margin Hit On Petrol And Diesel Sales

In October, the Finance ministry had cut its production tax on the two fuels by 1.50 rupees a litre and had asked state-owned fuel retailers to reduce their marketing margins by 1 rupee a litre to insulate consumers from a surge in global oil prices at the time

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Government Likely To Announce Measures To Help SME Businesses On Nov 2 - Finance Ministry

Prime Minister Narendra Modi will launch a programme to support the businesses in New Delhi tomorrow, the finance ministry said

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Finance Ministry Says RBI Autonomy 'Essential'

"The autonomy of the central bank is an essential and accepted governance requirement," Finance Ministry said in a statement

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Finance Ministry To Shortly Issue A Statement On Government-RBI Rift

Earlier in the day, media reports suggested that RBI Governor Urjit Patel may consider resigning from his post given a breakdown in relations with the government, sparking a sell-off in the rupee and government bonds

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Govt Cites Never-Used Powers For Resolving Issues With RBI

Finance Ministry and RBI are said to have differed on the central bank's handling of weak public sector banks, tight liquidity in the market and ways of resolving bad loans in the power sector

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Interest Rate Hiked On Small Savings By Up To 0.4 Per Cent, PPF To Fetch 8 Per Cent Now

The Finance Ministry in a notification has raised interest rates on small savings schemes, including NSC and PPF by up to 0.4 per cent starting October 1 and ending on 31st December

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Govt, RBI To Do Everything To Check Rupee Slump To 'Unreasonable Levels': FinMin

The Finance Ministry today said that the Government and RBI there was "no fundamental rationale" for the rupee to depreciate but they will ensure to arrest its fall to "unreasonable levels"

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