Comply with rules on funding schemes: Par panel to Finmin

Last Updated: Thursday, August 13, 2015, 22:24

A Parliamentary panel on Thursday asked the Finance Ministry to take "bold and innovative" steps to ensure compliance of financial rules with regard to funds allocated for various schemes.

Govt clears FDI proposals worth Rs 10,379 crore

Last Updated: Thursday, August 13, 2015, 21:45

"The government has approved 23 proposals of foreign direct investment amounting to Rs 10,378.92 crore," the Finance Ministry said.

Bill to set up monetary policy committee likely in next Parl session: Mehrishi

Last Updated: Thursday, August 13, 2015, 16:26

Government may push amendments to the RBI Act in the Winter Session of Parliament for setting up a public debt management agency and a monetary policy committee (MPC) that will decide on the key interest rate.

Inflation under control, economy on mend: Finance Secy

Last Updated: Wednesday, August 12, 2015, 22:19

With crude prices still falling, inflation is expected to remain under control, Finance Secretary Rajiv Mehrishi said Wednesday while emphasising that industrial production growth shows that the economy is on mend.

Indirect tax collection growth shows economy improving: CEA

Last Updated: Wednesday, August 12, 2015, 12:14

The Finance Ministry on Wednesday said a steady 37 percent growth in indirect tax collections in four months to July reflects that underlying momentum in the economy is improving.

High interest rates hurting economy: FinMin

Last Updated: Tuesday, August 11, 2015, 17:14

A week after RBI Governor spurned government call to cut interest rates, a top finance ministry official Tuesday said high interest rates and restrictions on rupee depreciation were hurting Indian economy.

Govt to infuse Rs 70,000 cr in PSU banks in 4 years: Arun Jaitley

Last Updated: Tuesday, August 11, 2015, 16:57

Government proposes to infuse Rs 70,000 crore in public sector banks in four years from budgetary allocations, Finance Minister Arun Jaitley said Tuesday.

Probe against 16 insurers in Rs 2,500-cr CENVAT credit case

Last Updated: Monday, August 10, 2015, 22:49

Under the CENVAT credit scheme, a manufacturer or a service provider can avail credit of excise duty paid on inputs.

'Make in India' taking shape, foreign companies showing interest: FinMin

Last Updated: Thursday, August 6, 2015, 23:14

"Sony, Foxconn and many more. Budget booster in indirect taxes silently working for domestic manufacturing. Make in India taking shape," Revenue Secretary Shaktikanta Das said in a tweet.

FinMin moves Cabinet note on gold monetisation scheme

Last Updated: Tuesday, August 4, 2015, 19:01

The Finance Ministry has moved a Cabinet note on the proposed gold monetisation scheme that will enable depositors to earn interest on their on their gold accounts.

Rajan says talking to govt to hike FPI cap in govt bonds

Last Updated: Tuesday, August 4, 2015, 15:50

Reserve Bank is in discussions with the Finance Ministry to raise the Foreign Portfolio Investment (FPI) cap in government bonds, Governor Raghuram Rajan said on Tuesday.

FinMin to hold talkathon on new black money law Tuesday

Last Updated: Monday, August 3, 2015, 22:20

Finance Ministry will hold a talkathon on the new black money law Tuesday during which Revenue Secretary Shaktikanta Das and CBDT Chairperson Anita Kapur will respond to the queries regarding the legislation.