Budget 2020: FinMin seeks suggestions for rationalising income tax, other duties
While the ministry holds pre-budget consultations with representatives of different sectors and stakeholders, the Department of Revenue in the finance ministry perhaps for the first time put out circular seeking suggestions for changes in income tax rates for both individuals and corporates as well as in indirect taxes such as excise and customs duty.
Commerce ministry raises issue of DRI notices to exporters over IGST with FinMin
The commerce ministry has stated that the "overzealous reven...
FinMin plans next tranches of CPSE, Bharat 22 ETFs in Q4
The CPSE ETF was launched for the first time in March 2014.
SBI seeks FinMin's intervention for DHFL resolution
Lack of coordination is causing hurdles, SBI feels. The bank is worried about systemic risk if efforts to finalise the resolution plan do not go through. While NBFCs have taken a hit on their advances, banks have yet to mark such credit as NPAs.
UCBs with PMC Deposits must be given time for provisioning, NGO writes to FinMin
NGO Sahakar Bharti has written to the Finance Minister, urging the government to amend the Banking Regulation Act to provide full regulatory powers to Reserve Bank of India to regulate all UCBs — scheduled as non-scheduled banks.
Over Rs 81,700 crore during 9-day loan mela: FinMin
The Finance Ministry on Monday said loans worth Rs 81,781 crore were disbursed during the nine-day outreach programme or loan mela organised...
Finmin gets nearly 100 applications for post of RBI deputy governor
The last date for submission of application for the position was August 30.
FinMin asks CPSEs to speed up capex
India’s economy grew 5% in Q1 of the current financial year, its slowest in over six years.
FinMin to hold review meeting with public sector banks on Thursday
Additionally, the ministry will discuss how banks can help customers in tracking online loan applications for retail, MSME (micro, small and medium enterprise), housing, and vehicle loans, among others.
FinMin, PSB heads to talk repo-linked loans
The RBI had last week cut the repo rate — or, the rate at which it lends money to commercial banks — to 5.4% so that banks can reduce their loan rates for consumers, firms and institutions.
FinMin confident of crossing divestment target this year too; to exit Air India: Official
The budget has set a divestment target of Rs 1.05 lakh crore for the current fiscal, up from Rs 90,000 crore last fiscal that it had overshot.
FinMin clears subsidy plan for EV, mobile batteries
The expenditure finance committee (EFC), under the ministry, has given its go ahead to the official think tank’s proposal for creating 50 GWh (Gigawatt hours) battery capacity in the country.
Sebi asks Finmin to consider changes in laws for DVRs
Snapchat’s IPO in 2017 drew the attention of startups to DVR structures.
FY18 fiscal deficit is 'correct': Finmin
Ministry responds to ET story that was based on CAG calculations showing higher deficit.
Modi reviews state of economy with Sitharaman, FinMin officials
Expectations that govt would announce sector-specific sops, address concerns on FPI surcharge.
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