Tag: finance ministry
Finance minister Nirmala Sitharaman asks ministries to set quarterly capex targets
New Delhi: Finance minister Nirmala Sitharaman called on various ministries and departments to expedite capital spending and set quarterly targets. On Tuesday, Sitharaman chaired the…
Reform pill likely soon for speedy recovery of debt
NEW DELHI: The government is finalising changes in various debt recovery laws to empower banks and other lenders to quickly resolve non-performing loans. The measures…
Economic momentum remains ‘intact’: Finance Ministry
India’s economic momentum remains “intact” on the back of expansion in manufacturing and services sectors, the finance ministry said in its monthly economic report, while…
Finance Ministry’s monthly economic review sees food inflation falling in coming months on rain bounty
Food inflation in India is expected to fall in the coming months as plentiful monsoon rains have replenished water levels in reservoirs, FinMin’s Department of…
Finance Ministry should identify high risk taxpayers in GST composition scheme: CAG
The Comptroller and Auditor General (CAG) has asked the Finance Ministry to identify high risk taxpayers in the GST composition scheme on a periodical basis…
Govt directs NHAI to focus on upgrading existing national highways
New Delhi: The government has directed the National Highways Authority of India (NHAI) to focus on upgrading the existing national highways, amid increasing concerns over…
Finance ministry permits 15 securities firms to undertake Aadhaar-based verification of clients
The finance ministry has permitted 15 securities firms, including SBICAP Securities, IIFL Securities, and Angel One, to conduct Aadhaar authentication of their customers. The Revenue…
Finance Ministry says UIDAI does not need to pay income tax
The finance ministry has exempted the income of Unique Identification Authority of India (UIDAI) from payment of income tax for five years till fiscal 2027-28….
Jobs & infra creation to boost household savings: Finance Ministry
The government’s focus on ease of doing business, skilling, employment generation and infrastructure creation “creates a congenial environment for growth of household income and saving”,…
Banks may soon use details from your digital footprint to give home loans, here’s how
Jul 27, 2024 12:47 PM IST Banks are working on a new framework to give home loans using a person’s spending patterns, mirroring the policy…