Ratan Watal new Finance Secy, new team takes charge

Last Updated: Monday, August 31, 2015, 22:15

Ahead of beginning of work on the Budget for 2016-17, government Monday designated Ratan P Watal as new Finance Secretary even as a new team of officials took charge at the finance ministry.

FinMin says no plan to take general insurance companies public

Last Updated: Sunday, August 30, 2015, 13:19

The new Insurance Act allows the government to disinvest its stake in five general insurance companies -- New India Assurance, United India Insurance, National Insurance, Oriental Insurance and sole reinsurer GIC Re.

Budget 2016-17: FinMin to start consultations from September 4

Last Updated: Wednesday, August 26, 2015, 21:43

Finance Ministry will start consultations on 2016-17 Budget with different ministries and government departments from September 4.

Bandhan Bank joins Indian banking league with 501 branches

Last Updated: Sunday, August 23, 2015, 21:12

Bandhan Bank Sunday began operations as a full-fledged bank with 501 branches and 1.43 crore accounts across the country, becoming the newest member of the estimated USD two-trillion Indian banking industry.

Efforts on to streamline scrutiny process of I-T cases: Govt

Last Updated: Thursday, August 20, 2015, 21:50

As part of government's efforts to create business friendly tax environment in the country, the Centre will soon come out with guidelines to streamline the process of scrutiny of income tax cases, a top official said Thursday.

GST rate to be 'as reasonable as possible': Govt

Last Updated: Thursday, August 20, 2015, 19:14

"Effort of government is to make tax rate reasonable, as reasonable as possible. High tax rate do not achieve the objective of GST," Revenue Secretary Shaktikanta Das said at an Assocham event here.

Loans under PMMY to double to over Rs 1 lakh cr by March

Last Updated: Wednesday, August 19, 2015, 13:16

Since the launch of the scheme in April by Prime Minister Narendra Modi, about Rs 14,000 crore worth of loans have been disbursed under the scheme to 20 lakh people.

CBDT to clarify on bank a/c disclosures under black money law

Last Updated: Monday, August 17, 2015, 16:07

As per the rules released by the I-T department in July, CBDT had asked persons having undisclosed foreign bank accounts to provide sum total of credits since the opening of the account.

In run-up to GST, FinMin rechristens Service Tax directorate

Last Updated: Sunday, August 16, 2015, 19:41

Even as the Modi government is yet to cross the Parliamentary hurdle before it can roll out a uniform tax regime, it has rechristened Mumbai-based Directorate General of Service Tax as Directorate General of Goods and Service Tax (DGGST), and shifted it to Delhi.

No more hiring from private sector for PSB top jobs: FinMin

Last Updated: Sunday, August 16, 2015, 19:06

Having appointed private sector professionals to head two large public sector banks (PSBs), the Finance Ministry Sunday said further such hiring of CEO and Managing directors in banks would be from existing public sector talent pool and not from outside.