50% of MGNREGA beneficiaries 'pay bribes' for payment: Study

Last Updated: Monday, August 3, 2015, 20:09

A study by an autonomous research institute under the Ministry of Finance has claimed that "50 percent" of the MGNREGA beneficiaries "pay bribes" for payment of their wages.

Finance Ministry to give Rs 1,300 cr kerosene subsidy

Last Updated: Monday, August 3, 2015, 13:50

Of this, Rs 878.84 crore will be paid to Indian Oil Corporation (IOC), Rs 203.33 crore to Bharat Petroleum Corporation (BPCL) and Rs 218.25 crore to Hindustan Petroleum Corporation (HPCL).

Finance Ministry to give Rs 1,300 cr kerosene subsidy

Last Updated: Monday, August 3, 2015, 13:50

Of this, Rs 878.84 crore will be paid to Indian Oil Corporation (IOC), Rs 203.33 crore to Bharat Petroleum Corporation (BPCL) and Rs 218.25 crore to Hindustan Petroleum Corporation (HPCL).

Bill to check ponzi schemes put on hold

Last Updated: Sunday, August 2, 2015, 14:46

A proposed bill to check fraudulent multi-level marketing (MLM) or ponzi schemes has been put on hold by the government.

Govt to infuse additional Rs 800 crore into Air India

Last Updated: Friday, July 31, 2015, 20:35

The Finance Ministry on Friday sought Parliament's nod for making an additional equity infusion into Air India worth Rs 800 crore, less than half the amount sought by the Civil Aviation Ministry for the national carrier.

Bank stocks in limelight; surge up to 8%

Last Updated: Friday, July 31, 2015, 19:05

Bank stocks were in limelight Friday, surging up to 8 percent, after the government announced plans to infuse fresh capital into state-run lenders.

Govt seeks Parliament nod for Rs 25,500 cr additional spending

Last Updated: Friday, July 31, 2015, 16:38

The Finance Ministry on Friday sought Parliament's nod to spend an additional Rs 25,500 crore in the current fiscal, nearly half of which will be spent on capital infusion into state-owned banks to help them overcome the high bad loans situation.

FinMin working for a reasonable GST rate: Revenue Secy

Last Updated: Thursday, July 30, 2015, 11:20

A day after Cabinet approved incorporation of changes in the landmark GST Bill as suggested a Rajya Sabha Select panel, Finance Ministry Thursday said it is working closely on a "reasonable" GST rate.

DoD says Rs 30,000 cr more realistic target for disinvestment

Last Updated: Wednesday, July 29, 2015, 14:02

Asked to garner a massive Rs 69,500 crore this fiscal, the Department of Disinvestment has told Finance Ministry it may be able to raise only about Rs 30,000 crore given the volatile market conditions.

Govt to take action on Shah panel report on MAT soon: FinMin

Last Updated: Friday, July 24, 2015, 23:03

The government Friday said it will soon take a decision on the Justice A P Shah Committee report on applicability of minimum alternate tax (MAT) on foreign investors, an issue which had riled FIIs.

MAT stand-off: Shah panel submits report to FM

Last Updated: Friday, July 24, 2015, 22:18

The high-level Justice A P Shah Committee Friday submitted a 66-page report to the government on applicability of minimum alternate tax (MAT) on FIIs, an issue which had riled foreign investors.

Public sector banks can raise funds from market: Sinha

Last Updated: Friday, July 24, 2015, 17:27

With capital needs for public sector banks pegged at Rs 2.39 lakh crore over the next four years, the Finance Ministry on Friday said they have been allowed to raise funds from market to meet capital requirements.