Budget-making team of Finance Ministry short of two key officials
The budget for 2020-21 to be presented on February 1 is keenly awaited for the expected second wave of structural reforms for pulling out the economy from its over six-year low growth. In addition to expenditure secretary, the position of joint secretary, one of the key officials in the entire Budget-making process, is also vacant for almost three months.
RBI writes to Fin Min seeking changes in Banking Regulation Act
The Reserve Bank of India (RBI) has written to Finance ministry seeking chang...
Hafiz Saeed gets brief breather in terror financing trial, next hearing on December 11
The Anti-Terrorism Court has now fixed Dec 11 as date ...
Finance Ministry wants RBI to take over stressed assets of NBFCs
FinMin and RBI are discussing a new scheme to unburden stressed assets from top 25 NBFCs.
GST structure to be reviewed on revenue concerns
Move comes against the backdrop of states complaining about Centre delaying compensation payments.
MNRE misses capacity addition targets; 175 GW by 2022 in peril: Parliamentary Panel
The Parliamentary Standing Committee on Energy has also asked the ministry to take up the issue of ambiguity and disputes related to GST on renewable energy devices with the finance ministry at the earliest. This is the panel's first report, which was tabled in Parliament on Friday.
With renewable energy, Rail ministry to transform Indian Railways into 'Green Railways'
Through the Power Sector Reform (PSR) programme, the MoU with DFID envisages to include co-operation for energy efficiency and energy self-sufficiency for Indian Railways.
Expect better Q3 GDP numbers: FM Sitharaman at ET Awards 2019
Union Finance Minister Nirmala Sitharaman says she expects third-quarter GDP data to be better. She says the auto sector has cleared large i...
Severe slowdown: When will the Indian economy recover and how?
India’s GDP growth dropped to 4.5% in Q2, a free fall from govt’s call for a double-digit growth.
Govt has made several attempts to alleviate economic concerns: FM Sitharaman at ET Awards 2019
The Economic Times Awards for Corporate Excellence are India's most prestigious corporate awards where the best and brightest get felicitate...
Typo in tax bill? Bill says lower MAT not this year
However, while the Ordinance said that the lower MAT will be effective immediately, the Bill said the reduced MAT will come into effect from next financial year.
India's GDP growth slips further to 4.5% in Q2FY20: Is the recovery in sight?
India's second quarter GDP growth slowed sharply to 4.5 per cent, the weakest pace in more than six years, as manufacturing output hit a slu...
DoT to take up Rs 36,000 crore ITC refund with finance ministry
As proposed by Committee of Secretaries, GST Council to take final call. Input tax credit worth some Rs 18,000 crore for Reliance Jio, about Rs 10,000 crore for Bharti Airtel and roughly Rs 8,000 crore for Vodafone Idea are currently stuck with the finance ministry.
CBIC suspends Assistant Commissioner on charges of disproportionate assets
Central Board of Indirect Taxes and Customs on Wednesday suspended Deepak Pandit, Assistant Commissioner for his alleged involvement in disp...
21 I-T officers accused of corruption asked to retire
According to Government sources, the Central Board of Direct Taxes (CBDT) compulsorily retired yet another 21 Group B officers of the rank of ITO (Income Tax Officer).
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