Tag: finance ministry
Finance Ministry seeks faster disposal by DRTs, holds talks
NEW DELHI: The finance ministry on Saturday held deliberations on reducing pendency and accelerating disposal of cases in debt recovery tribunals. It said in a…
Finance Ministry caps outlay for schemes pending 16th Finance Commission approval
New Delhi: The finance ministry has capped front-loading of expenditure under central sector schemes and sponsored schemes (CSS) that have the appraisal and approval pending…
Finance Ministry plans to broaden Actuaries Act scope beyond insurance, pensions
New Delhi: The finance ministry plans to amend the Actuaries Act, 2006 to broaden the definition of actuarial science beyond insurance and pensions to include…
Finance Ministry flags rising external risks as trade deficit and CAD expand
New Delhi: External sector pressures are building up for the Indian economy amid a volatile global backdrop, with recent data from the Finance Ministry‘s Monthly…
Govt modifies Mutual Credit Guarantee Scheme to support MSME manufacturers, exporters
The Finance Ministry on Saturday said the Mutual Credit Guarantee Scheme for MSMEs (MCGS-MSME) has been modified to support manufacturers and exporters, allowing a 5…
Govt gets Parliament nod for Rs 2.01 lakh crore additional spending in FY26
Parliament on Tuesday approved the second batch of supplementary demands for grants, allowing the government to spend an additional Rs 2.01 lakh crore in the…
FinMin advises banks to speed up IBC resolutions
The finance ministry has advised banks to take a collaborative approach in the resolution of pending Insolvency and Bankruptcy Cases (IBC) for asset value maximisation,…
Govt plans study to assess impact of formalisation on workers
New Delhi: The government plans to assess whether the rapid formalisation of the economy and digital transformation are helping create long-term income and employment opportunities…
Financial Inclusion 2.0 in works; FinMin plans push to bring informal borrowers into formal credit system
New Delhi: The finance ministry on Wednesday held deliberations to prepare a road map for Financial Inclusion 2.0. In a statement, the finance ministry noted…
Draft Income Tax Rules raises threshold for quoting PAN for cash deposits, car purchase, others
Draft Income Tax Rules have proposed significantly raising transaction limits for quoting of PAN for cash deposits/withdrawal in banks, purchase of motor vehicles and property,…