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Latest Articles in finance ministry

FinMin Asks PSU Banks To Keep High Vigil On Any Attempt To Seize Funds By Cairn

Cash of Indian banks lying in nations such as the US and the UK are said to be easy target for seizing and enforcing the arbitration award.

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FinMin Releases Rs 9,871 Cr As Revenue Deficit Grant To 17 States

The 15th Finance Commission has recommended Post Devolution Release Deficit grants to 17 states based on the gap between the assessment of revenue and expenditure of the state.

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Govt Waives IGST On Import Of COVID-Relief Material Received As Donation For Free Distribution

The IGST exemption given on Monday would be subject to nodal authorities, appointed by the state governments, authorising any entity, relief agency or statutory body, for free distribution of such relief material.

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Govt Is working Arduously For Smooth Co-ordination Between States, Hospitals & Suppliers of Oxygen and Vaccines: FM

Sitharaman mentioned that the Government is reviewing and monitoring the situation regularly and working arduously for a better co-ordination between States, hospitals and suppliers of oxygen and vaccines to match the demand and supply in the country.

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'Finmin's Prompt Measures Helped In Nirav Modi Extradition Process'

A scam of this magnitude had potential to create instability in the financial sector but the deft handling saved the entire public sector banking space from the crisis and litigation.

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Finmin Widens Scope Of ECLGS, Includes Healthcare Sector

SMA-1 borrowers in the healthcare sector and 26 other high stress sectors (as identified by the Kamath Committee) are now eligible under ECLGS 2.0

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Indirect Tax Mop-Up Exceeds RE, Grows 12% In FY21 At Rs 10.71 Lakh Cr

Customs revenue during 2020-21 came in at Rs 1.32 lakh crore, a 21 per cent growth over Rs 1.09 lakh crore collected in 2019-20.

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Banks Sanction Rs 15 Lakh Crore Under Mudra Yojana In Last 6 Years

Ministry of Finance is committed to provide financial inclusiveness and support to the marginalized and hitherto socio-economically neglected classes.

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FinMin Releases Rs 45,000 Cr To States As Add'l Devolution On Buoyant Q4 Revenue Mop-Up

The 15th Finance Commission has recommended that the states be given 41 per cent of the divisible tax pool of the Centre during the 2020-21 fiscal.

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Centre Releases Rs 30,000 Cr To States As GST Compensation

The Centre has also settled Integrated GST (IGST) of Rs 28,000 crore, of which Rs 14,000 crore has been shared equally between states and the Centre.

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Permission For New Pvt Banks To Participate In Govt Biz Will Be Based On RBI Guidelines: FM

The minister was responding to a query about whether the government will adopt any criteria to permit new banks for taking up government-related business.

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More Than 50% Account Holders Under PMJDY Women: FinMin

Stand Up India Scheme was launched on April 5, 2016, to promote entrepreneurship at the grass-root level for economic empowerment and job creation.

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Strive For Seamless Digital Payments, Lessons To Be Learnt From NSE's Tech Glitch: FM

The minister suggested that the CGA should move towards being more paperless and user friendly in its functioning and also aim for greater integration with the Department of Expenditure and states.

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Centre releases 17th installment of Rs 5,000 cr GST compensation shortfall to states

Centre releases 17th installment of Rs 5,000 cr GST compensation shortfall to states

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Govt To Appeal Against Cairn Tax Award; No Mention Of Appeal In Talks Between FinMin & Co CEO

Cairn on its part remained tight-lipped on the parleys it has initiated with an aim to avert the company having to take legal recourse to recover the amount including through seizure of Indian assets overseas.

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