Arun Jaitley promises global investors 'fairest, predictable' tax regime

Last Updated: Monday, September 14, 2015, 17:16

Finance Minister Arun Jaitley Monday assured global investors of the "fairest and predictable taxation regime" as he invited them to invest in various sectors, including infrastructure, manufacturing and defence.

GDP growth to exceed 7.5% this fiscal: Govt

Last Updated: Monday, September 14, 2015, 14:56

The Indian economy expanded by 7 per cent in the first quarter (April-June) of current fiscal. In last fiscal, the GDP growth was 7.3 per cent.

India prepared to deal with US interest rate hike: FinMin

Last Updated: Monday, September 14, 2015, 13:18

"The government and RBI, we are prepared for all eventualities, as and when the situation emerges. I am confident we will be able to deal with it," Economic Affairs Secretary Shaktikanta Das said at an ICRIER event here.

Manufacturing emerging as leader of industrial growth: FinMin

Last Updated: Friday, September 11, 2015, 22:53

With July factory output data showing significant uptick year-on-year, the Finance Ministry Friday said the manufacturing sector is slowly emerging as a leader of the industrial growth and the economy is improving steadily.

Indirect tax collections grow 36.5% to Rs 2.63 lakh crore

Last Updated: Wednesday, September 9, 2015, 19:18

Indirect tax collections rose 36.5 percent in April-August to over Rs 2.63 lakh crore, suggesting that the underlying momentum in the economy is strong, the Finance Ministry said Wednesday.

Knee-jerk reaction not answer to emerging challenges: FinMin

Last Updated: Tuesday, September 8, 2015, 23:38

The Finance Ministry Tuesday said "knee-jerk" reaction is not the answer to the current challenges being faced by India and assured that measures initiated by the government will boost growth.

OROP no threat to fiscal arithmetic: Jayant Sinha

Last Updated: Monday, September 7, 2015, 18:06

Government Monday ruled out the possibility of additional financial burden of Rs 8,000-10,000 crore on account of OROP scheme hurting the fiscal consolidation programme, saying there was "space" to absorb it.

Finance Ministry may introduce MUDRA Bill in Budget session

Last Updated: Sunday, September 6, 2015, 14:42

The existing Pradhan Mantri Micro Units Development and Refinance Agency (MUDRA) Yojana is being executed through NBFC registered with RBI.

Govt promises total confidentiality on black money declarations

Last Updated: Thursday, September 3, 2015, 20:04

The Finance Ministry issued 32 Frequently Asked Questions (FAQs) on the compliance window on July 6, and came out with the second set today.

Finance Ministry knocks down PM Modi's idea of Rs 25 currency notes

Last Updated: Wednesday, September 2, 2015, 13:20

To overcome usual shortage of coins, Union government should have coins only in denominations of rupees one and five with gradual introduction of coins of rupees ten to ultimately replace notes of this denomination.

Shaktikanta Das takes charge as Economic Affairs Secretary

Last Updated: Tuesday, September 1, 2015, 23:22

Senior IAS officer Shaktikanta Das has taken charge as the Secretary for Department of Economic Affairs in the Finance Ministry.

CBDT to soon issue instructions on MAT issue

Last Updated: Tuesday, September 1, 2015, 19:25

With the Justice A P Shah panel recommending non-applicability of Minimum Alternate Tax (MAT) on FIIs, the revenue department is likely to soon issue instructions to field officer not to pursue pending cases against foreign institutional investors.