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No Proposal Under Consideration to Withdraw Bank Chequebook Facility
In a section of the media, it has appeared that there is a possibility that the Central Government may withdraw bank cheque book facility in the near future, with an intent to encourage digital transa...
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Cabinet approves setting up of 15th Finance Commission
Press Information BureauGovernment of IndiaCabinet22-November-2017 15:51 ISTCabinet approves setting up of the 15th Finance CommissionThe Union Cabinet chaired by the Prime Minister Narendra Modi has...
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Moody’s upgrade Sovereign Credit Rating of India to Baa2 from Baa3
Moody’s Investors Service (“Moody’s”) has upgraded the Government of India’s local and foreign currency issuer ratings to Baa2 from Baa3 and changed the outlook on the rating to stable from positive....
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GOI launches BHARAT-22 Exchange Traded Fund (ETF)
The Government of India launched today the BHARAT-22 Exchange Traded Fund (ETF) managed by ICICI Prudential Mutual Fund targeting an initial amount of about Rs.8,000 Crore; This New Fund Offer is open...
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India’s ‘External Debt: A Status Report 2016-17
Press Information BureauGovernment of IndiaMinistry of Finance15-September-2017 18:44 ISTMinistry of Finance releases India’s ‘External Debt: A Status Report 2016-17’;India’s External Debt stock stood...
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Highlights of Reforms Measures in Economic Survey 2016-17 Volume-2
Press Information Bureau Government of IndiaMinistry of Finance11-August-2017 12:32 ISTHighlights of Reforms Measures in the Economic Survey 2016-17 Volume-2Agriculture and Food ManagementReforms: Man...
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Compensation Cess / ITC refund available on zero rated supplies, clarifies Finance Ministry
Finance Ministry issues clarification relating to applicability of Compensation Cess leviable under Goods and Services tax (Compensation to States) Act, 2017 in relation to ‘zero rated supplies’ i.e....
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SBI Charges for use of Debit card beyond number of free transactions
Imposition of charges on frequent bankingState Bank of India (SBI) has informed that the charges are levied by them beyond number of free transactions are as under:-Monthly Average Balance in Savings...
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Committee Report on 7th CPC recommendations on Allowances
Press Note – The Committee on Allowances, constituted by the Ministry of Finance to examine the 7th CPC recommendations on Allowances, submitted its Report to Shri Arun Jaitley, Finance Minister on 27...
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PEs/VCs backed firms to offer exit options to promoter funds, via IPO, M&As: ASSOCHAM-Deloitte
PEs/ VCs backed firms to offer exit options to promoter funds, via IPO, M&As: ASSOCHAM-Deloitte – 22/04/2017.Many private – equity and venture capital backed companies are expected to tap into the cap...
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CBI arrests four persons for causing loss of Rs. 2240 crore to banks
CBI ARRESTS FOUR PERSONS INCLUDING DIRECTORS OF DELHI BASED PRIVATE FIRM IN AN ON-GOING INVESTIGATION OF CASES FOR CAUSING AN ALLEGED LOSS OF RS.2240 CRORE(APPROX) TO BANKSThe Central Bureau of Invest...
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Central Govt. completes Budget related processes before 1st April
Press Information BureauGovernment of IndiaMinistry of Finance05-April-2017 17:55 ISTLok Sabha Speaker congratulates the Prime Minister, Union Finance Minister, Members of Union Cabinet, Members of Lo...
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FM releases Revised General Financial Rules (GFR) 2017
The Finance Minister Shri Arun Jaitley calls upon the Financial Advisers of different Ministries to ensure that expenditure on schemes and projects start from the beginning of the financial year to le...
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Retail inflation in Delhi, J&K more than double national average
, demonetization possible reason: ASSOCHAMThe retail inflation may have been hovering at quite a reasonable level of 3.17 per cent for January, 2017 on an all-India basis, but there is no respite for...
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D & B Composite CFO Optimism Index declined most in 6 quarters
Dun & Bradstreet Composite CFO Optimism Index declined most in six quarters: D&B India’s CFO surveyOnly 28% of CFOs stated need for raising short-term funds and 25% for long-term fundsMumbai, January...
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Business Confidence dips in Q1 2017
Business Optimism Index falls by 18.3% (q-o-q)HighlightsDun & Bradstreet Composite Business Optimism Index stands at 65.4 during Q1 2017, a decrease of 23.9% as compared to Q1 2016Optimism for volume...
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No additional levy on use of cards at petrol stations: Petroleum Minister
No additional levy on use of cards at petrol stations says Petroleum MinisterMoS (I/C) for Petroleum and Natural Gas, Shri Dharmendra Pradhan said neither the customers nor petrol pump dealers will be...
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Report on Financial Data Management Legal Framework in India
Government of IndiaMinistry of FinanceDepartment of Economic AffairsPress Release on the Report of the Committee to study the Financial Data Management Legal Framework in IndiaThe Finance Minster in P...
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Amount exceeding Rs. 5000 in old notes can be deposited only once
Amounts exceeding Rs.5000 in old notes can be deposited only once between now and 30thDecember 2016The deposits of old notes of Rs.500 and Rs.1000 denominations have been reviewed by the Government fr...
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Cleaning system from black money & corruption high on PM’s agenda
Press Information Bureau Government of IndiaPrime Minister’s Office14-December-2016 14:48 ISTHis Excellency Dato Sri Mohammad Najib,Hon’ble Prime Minister of Malaysia,Members of the Management of Econ...