News Muncher - category finance ministry

1 week, 2 days ago

8th Pay Commission under consideration? Here’s what Finance Ministry has to say

8th Pay Commission: The Centre does not plan to constitute the 8th Pay Commission any time soon, the Finance Ministry said on Tuesday, December 3. Minister of State in the Ministry of Finance, Pankaj Chaudhary, in a written reply to a question in Rajya Sabha, clarified that the government is not considering any proposal to form the 8th Pay Commission. …

Pay Commission Employees Pay Commission Government Employees Finance Ministry 8Th Pay Commission

Kerala CM Urges PM Modi To Revoke Finance Ministry’s VGF Repayment Demand For Vizhinjam Seaport

ABP News

Kerala Chief Minister Pinarayi Vijayan has written to Prime Minister Narendra Modi urging to step in and reverse Union Finance Ministry's directive to reimburse Viability Gap Funding provided for Vizhinjam International Seaport project. The Vizhinjam International Seaport project, a key infrastructure initiative for Kerala, was sanctioned VGF under the Scheme for Financial Support to Public Private Partnerships in Infrastructure, managed …

Finance Kerala Project State Ministry Finance Ministry Vizhinjam

1 week, 4 days ago

Income tax: Refunds surge 46.31% to ₹3.08 lakh cr; 1.62 crore ITR filings processed in a day, says Finance Ministry

Live Mint

The Ministry of Finance on Thursday, December 12, announced that the issuance of tax refunds had increased 46.31 per cent during the period of April 1 to November 27 in the financial year 2024-25, compared to the same period in 2023-24, reported the news agency ANI. At its peak, the income tax return portal handled over 900 filings in a …

Tax Refunds Income Tax Tax Refunds Ministry Itr Tin

1 week, 6 days ago

Finance ministry admits it will break its rules on freelancers

Dutch News

The finance ministry has confirmed that it will still be breaking its own rules on sham self-employment next year and that it will pay any fines imposed on the staffing agencies it uses by its own tax inspectors. Some 580 freelancers are working on solving the childcare benefit scandal as part of a “temporary team” even though they should be …

Rules Ministry Finance Ministry Freelancers

2 weeks, 2 days ago

Sitharaman chairs pre-budget consultation with farmer associations

Live Mint

New Delhi, December 7 : Union Finance Minister Nirmala Sitharaman chaired the second Pre-Budget Consultation meeting on Saturday with representatives from various farmer associations and prominent agricultural economists in the national capital. @nsitharaman chairs the second Pre-Budget Consultation with various farmer associations and leading agricultural economists in connection with the forthcoming Union Budget 2025-26, in New Delhi, today," Finance Ministry …

Budget Consultation Sitharaman Meeting Finance Ministry Farmer Associations

3 weeks ago

Govt scraps windfall tax on local crude sales, petroleum product exports

Live Mint

New Delhi: The Union government on Monday scrapped the windfall tax on the sale of domestic crude oil and the export oaviation turbine fuel. The windfall tax was imposed in 2022 as oil prices surged to multi-year highs following Russia's invasion of Ukraine, allowing oil and gas producing companies to make massive profits. Prashant Vasisht, senior vice president and co-group …

Tax Fuel Prices Oil Prices Zero Petrol Windfall Tax

3 weeks, 4 days ago

Finance Ministry Considers Scrapping Windfall Tax As Crude Prices Fall: Report

ABP News

The finance ministry is reportedly currently assessing the relevance of the windfall tax, according to a Reuters report citing sources from the federal government on Thursday. Introduced in July 2022, the windfall tax was a special levy on domestic crude oil production aimed at capturing revenue from windfall gains made by producers in response to rising global crude prices. According …

Tax Oil Domestic Fall Ministry Crude Finance Ministry

1 month ago

Karnataka rural bodies get first instalment of Centre's Financial Commission grants

India Today

The central government has released the first instalment of the 15th Finance Commission grants for the financial year 2024-25 to Karnataka’s rural local bodies, the Union Ministry of Panchayati Raj announced on Friday. “The Government of India through the Ministry of Panchayati Raj and Ministry of Jal Shakti recommends the release of XV-FC grants to the Rural Local Bodies, which …

Grants Ministry Panchayati Raj Rural Bodies

1 month, 2 weeks ago

Industry bodies ask finance ministry to ease TDS rates for Union Budget 2025: Report

Hindustan Times

Industry bodies have asked the finance ministry to simplify the rates of tax deducted at source for the Union Budget, which will be presented in February next year, Business Standard reported. Industry bodies have asked the finance ministry to simplify the rates of tax deducted at source as the Union Budget will be presented in February next year Why do …

Finance Industry Tax Report Rate Rates Tds

2 months ago

Dutch royal's foundation 'comes to a halt' after Princess is accused of creating a 'culture of fear and intimidation'

Daily Mail

Princess Laurentien is the wife of Prince Constantijn of the Netherlands A Dutch royal's foundation has reportedly come to halt after she was accused of 'inappropriate behaviour' towards staff at the Ministry of Finance where she works. Princess Laurentien of the Netherlands' foundation, which aimed at aiding families affected by the Dutch childcare benefits scandal, has reportedly come to a …

Finance Royal Dutch Scandal Netherlands Queen Maxima Foundation

4 months, 2 weeks ago

The financial markets will disappoint your yen for stability

Live Mint

As we go to press Thursday financial investors are already choosing to forget the tremors that hit global markets Monday. Then there’s the infamous yen carry trade: the process by which an investor borrows yen at Japan’s ultralow interest rates to invest in a foreign market at a higher interest rate. Globally, net credit in yen extended by a bank …

Global Japan Financial Markets Interest Japanese Rates Trillion

4 months, 2 weeks ago

Finance Ministry asks insurers to speedily disburse claim amount to victims of Wayanad landslide

The Hindu

The Finance Ministry on Saturday asked public sector insurance companies including Life Insurance Corporation of India to speedily disburse the claim amount to landslide victims and their families in Wayanad and other districts of Kerala. The insurance companies have initiated efforts for reaching out to their policyholders through various channels to provide the contact details for assistance in the districts …

Insurance Wayanad Claim Lic Finance Ministry Claim Amount Speedily Disburse

4 months, 2 weeks ago

Finance Ministry urges insurance companies to support Kerala calamity victims for expedited insurance claims processing, payment

The Hindu

The Finance Ministry on August 3 urged all Public Sector Insurance companies to extend all possible support to Kerala calamity victims so that their insurance claims can be expeditiously processed and paid. “In view of the unfortunate landslide incident and heavy rains in Kerala, the government has mandated the Public Sector Insurance companies, including Life Insurance Corporation of India, National …

Insurance Kerala Claims Claim Insurance Companies Lic Finance Ministry

4 months, 3 weeks ago

Finance ministry says no to extra funding for crypto regulation

Dutch News

The finance ministry has turned down several requests from the Dutch financial sector watchdog AFM for additional funding to monitor the crypto currency sector, the Financieele Dagblad reported on Monday. In addition, the ministry has placed limits on the contributions that the AFM can ask from the sector itself, the paper said, quoting government documents obtained using freedom of information …

Ministry Finance Ministry Afm

5 months ago

Budget Halwa Ceremony: Finance Ministry's Annual Tradition Could Be Traced Back To A 74-Year-Old 'Leak'

News 18

The annual tradition of the “Halwa Ceremony” at the Finance Ministry in New Delhi’s North Block, preceding the Union Budget, bears a deep historical connection dating back to a significant leak 74 years ago. Since the 1950s, top officials and policymakers from the Finance Ministry have secluded themselves in the ministry’s confines for about 9-10 days to draft the budget …

Finance Budget Ministry Finance Ministry Halwa Ceremony

6 months, 1 week ago

Centre releases ₹1.39 lakh crore to states in June

Live Mint

The Central government has devolved ₹1.39 lakh crore to states as devolution of its tax revenue in June, finance ministry stated on Monday. Centre devolves 41% of its tax revenue to state governments as part of the formula set by the Finance Commission. The Commission also examines the development needs of states and trends like tax buoyancy and major obligations …

Tax States Crore Centre Release Finance Ministry

7 months, 1 week ago

Pakistan to seek rollover of $12 billion debt to meet budget targets before IMF team’s arrival

The Hindu

Pakistan has decided to seek a rollover of around $12 billion debt from key allies such as China in the 2024-25 fiscal year to meet a whopping $23 billion worth of gap in its external financing as the federal government aims to achieve budget targets before the expected arrival of an IMF team to the cash-strapped country. According to the …

China Pakistan Budget Loan Billion Meet Imf

8 months, 1 week ago

RBI ban on Bank of Baroda World app: Finance ministry's likely plan on frauds

Hindustan Times

Union finance ministry may propose stricter measures to protect citizens from cyber fraud, it was reported. This comes after an increase in incidents of frauds, including the Bank of Baroda World app scam, the Times of India reported citing sources who “mentioned a recent inter-ministerial meeting focused on bolstering cybersecurity and tackling financial fraud”, it noted. In October 2023, the …

Bank Report Ban Finance Ministry India Rbi Bank Of Baroda Business Correspondents

8 months, 2 weeks ago

Electoral Bonds: 33 loss-making firms donated electoral bonds worth ₹582 crore, 75% went to BJP | Data

The Hindu

The sources of funds of at least 45 companies that donated electoral bonds to various political parties are found to be suspect based on a joint analysis by The Hindu and an independent research team. Electoral bonds data | Many pharma companies that bought electoral bonds faced regulatory actions Six companies donated a total of ₹646 crore, out of which …

Data Money Laundering Companies Bjp Crore Electoral Rbi

10 months, 4 weeks ago

Budget 2024: What is ‘Halwa ceremony’? Why is it so important?

Live Mint

The Halwa ceremony, marking the beginning of the compilation of documents for the Interim Budget 2024, was held in North Block in the presence of Union Finance Minister Nirmala Sitharaman and MoS Finance Bhagwat Kisanrao Karad on Wednesday. As per tradition, every year the Finance Ministry hosts a 'Halwa ceremony', around 9 to 10 days before the Union Budget is …

Ceremony Budget 2024 Finance Ministry Halwa North Block

11 months, 3 weeks ago

Finance Ministry seeks expenditure proposals for final supplementary demands for grants

The Hindu

The Finance Ministry has sought expenditure proposals for the second and final batch of Supplementary Demands for Grants from various ministries and departments ahead of the Budget session likely to commence in the last week of January. The second batch of Supplementary Demands for Grants for 2023-24 is proposed to be placed before Parliament in the ensuing Budget session, the …

Budget Parliament Grant Supplementary Finance Ministry Supplementary Demands Supplementary Demands For Grants

1 year, 1 month ago

Finance Ministry asks PSU banks to take measures to strengthen cybersecurity

India TV News

New Delhi: The Finance Ministry has asked state-owned banks to review systems and processes related to their digital operation in view of the recent UCO Bank incident. The Finance Ministry and RBI have been sensitising banks on this aspect at regular intervals amid the growing digitisation in the financial sector. Last week, Kolkata-based public sector lender UCO Bank reported erroneous …

Bank Banks Finance Ministry Uco Bank Imps

1 year, 2 months ago

Detected GST evasion of ₹57,000 crore since April 2020: Finance ministry

Hindustan Times

NEW DELHI: The Directorate General of GST Intelligence has detected Goods and Services Tax evasion of ₹57,000 crore from April 2020 to September 2023 involving over 6,000 fake instances of input tax credit claims leading to the arrest of 500 people, a finance ministry statement said on Wednesday. Detected GST evasion of ₹ 57,000 crore since April 2020: finance ministry …

Tax Evasion Crore Itc Dggi Gst Evasion Finance Ministry Detected Gst

1 year, 3 months ago

Finance Ministry seeks applications for post of whole-time member at IRDAI

The Hindu

The Finance Ministry has invited applications for the post of whole-time member at the Insurance Regulatory and Development Authority. The applicant should preferably have at least 25 years of experience in the relevant area with a minimum of three years experience at a senior level, the Department of Financial Services said in an The applicant should not be below the …

Member Finance Ministry Irdai Finance Ministry Seeks Ministry Seeks

Filters

Articles for Finance Ministry

8th Pay Commission under consideration? Here’s what Finance Ministry has to say

Kerala CM Urges PM Modi To Revoke Finance Ministry’s VGF Repayment Demand For Vizhinjam Seaport

Income tax: Refunds surge 46.31% to ₹3.08 lakh cr; 1.62 crore ITR filings processed in a day, says Finance Ministry

Finance ministry admits it will break its rules on freelancers

Sitharaman chairs pre-budget consultation with farmer associations

Govt scraps windfall tax on local crude sales, petroleum product exports

Finance Ministry Considers Scrapping Windfall Tax As Crude Prices Fall: Report

Karnataka rural bodies get first instalment of Centre's Financial Commission grants

Industry bodies ask finance ministry to ease TDS rates for Union Budget 2025: Report

Dutch royal's foundation 'comes to a halt' after Princess is accused of creating a 'culture of fear and intimidation'

The financial markets will disappoint your yen for stability

Finance Ministry asks insurers to speedily disburse claim amount to victims of Wayanad landslide

Finance Ministry urges insurance companies to support Kerala calamity victims for expedited insurance claims processing, payment

Finance ministry says no to extra funding for crypto regulation

Budget Halwa Ceremony: Finance Ministry's Annual Tradition Could Be Traced Back To A 74-Year-Old 'Leak'

Centre releases ₹1.39 lakh crore to states in June

Pakistan to seek rollover of $12 billion debt to meet budget targets before IMF team’s arrival

RBI ban on Bank of Baroda World app: Finance ministry's likely plan on frauds

Electoral Bonds: 33 loss-making firms donated electoral bonds worth ₹582 crore, 75% went to BJP | Data

Budget 2024: What is ‘Halwa ceremony’? Why is it so important?

Finance Ministry seeks expenditure proposals for final supplementary demands for grants

Finance Ministry asks PSU banks to take measures to strengthen cybersecurity

Detected GST evasion of ₹57,000 crore since April 2020: Finance ministry

Finance Ministry seeks applications for post of whole-time member at IRDAI