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Ministry of Finance

EPFO investment corpus doubles to Rs 24.75 lakh crore in 5 years

EPFO investment corpus doubles to Rs 24.75 lakh crore in 5 years

Wed, Dec 04, 2024

The total amount in the investment corpus of the Employees' Provident Fund Organisation (EPFO) more than doubled in the past five years to Rs 24.75 lakh crore in the financial year 2023-2024 from Rs 11.1 lakh crore 2019-20, according to official figures.

India signs $98 million loan agreement with Asian Development Bank to boost horticulture productivity

India signs $98 million loan agreement with Asian Development Bank to boost horticulture productivity

Sat, Nov 30, 2024

As per the ministry the project aims to establish clean plant centres equipped with state-of-the-art laboratories for disease diagnostics and staffed by trained experts.

DIPAM issues revised capital restructuring norms for CPSEs

DIPAM issues revised capital restructuring norms for CPSEs

Tue, Nov 19, 2024

Any listed CPSE, whose market price exceeds 150 times its face value consistently for the last six months, may consider splitting off its shares.

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Applications for Sovereign Gold Bonds Series II to begin from July 10, FinMin says

Applications for Sovereign Gold Bonds Series II to begin from July 10, FinMin says

Thu, Jul 06, 2017

Tenor of this bond will be for a period of 8 years with an exit option from 5th year to be exercised on the interest payment dates.

Pay your GST on ICICI Bank's net banking

Pay your GST on ICICI Bank's net banking

Fri, Jun 30, 2017

Just few hours before the launch of GST, ICICI Bank has said it is authorised to collect GST.

Interest rates on small savings scheme cut; here are the new rates

Interest rates on small savings scheme cut; here are the new rates

Fri, Jun 30, 2017

Right from provident fund to savings deposits, the ministry of finance has brought down interest rates on small savings scheme for Q2FY18.

7th Pay Commission: Cabinet approves HRA recommendations; here's what it means for employees

7th Pay Commission: Cabinet approves HRA recommendations; here's what it means for employees

Wed, Jun 28, 2017

Union Cabinet approves recommendations of 7th Pay Commission on Allowances with 34 modifications; revised rates effective from 1 July 2017

Finmin pitches for extending RBI deadline on Basel III norms

Finmin pitches for extending RBI deadline on Basel III norms

Mon, Jun 26, 2017

In a recent meeting with RBI, senior officials from the ministry pitched for deferring the implementation beyond March 2019, saying it will help banks meet the capital needs and increase credit flow to productive sectors along with balance sheet clean-up.

Co-operative banks given 30 days time to deposit demonetised notes

Co-operative banks given 30 days time to deposit demonetised notes

Wed, Jun 21, 2017

Ministry of Finance has asked the district central co-operative banks to deposit old Rs 500 and Rs 1000 notes with RBI in a time period of 30 days.

Now subscribe to Atal Pension Yojana online; here's how

Now subscribe to Atal Pension Yojana online; here's how

Fri, Jun 16, 2017

It said, “This is the latest in the series of various initiatives taken by PFRDA for expansion of outreach of Atal Pension Yojana (APY), to give additional push to cover the as yet un-reached population at greater ease.”

Competition Commission slaps Rs 87 crore penalty on Hyundai for anti-competitive conduct

Competition Commission slaps Rs 87 crore penalty on Hyundai for anti-competitive conduct

Wed, Jun 14, 2017

Key highlights:

Farm loan waiver could reach Rs 2.6 lakh crore by 2019, report claims

Farm loan waiver could reach Rs 2.6 lakh crore by 2019, report claims

Tue, Jun 06, 2017

Demand for farm loan waiver has increased in many states. It is expected that all states will write- off about $40 billion (Rs 2.6 lakh crore) of farm loans in the run up to 2019 general elections following the ruling BJP's UP and Maharashtra governments' waivers.

61 lakh taxpayers enrolled under GST, says Hasmukh Adhia

61 lakh taxpayers enrolled under GST, says Hasmukh Adhia

Thu, May 11, 2017

He was briefed about the software system being developed for GST, training of tax officials and outreach program being undertaken by Tax Departments across the nation.

Name mismatch not allowing you to link PAN with Aadhaar? Income Tax Department eases rules

Name mismatch not allowing you to link PAN with Aadhaar? Income Tax Department eases rules

Thu, May 11, 2017

On March 21, the government had made the Aadhaar card mandatory to file for income tax returns and also to apply for a permanent account number (PAN).

7th Pay Commission: With some allowances demands met, here's how you can calculate your new HRA, arrears

7th Pay Commission: With some allowances demands met, here's how you can calculate your new HRA, arrears

Tue, May 09, 2017

Two weeks more for the Cabinet to go over the recommendations of the Committee on Allowances report on the 7th Pay Commission which was submitted last week.

7th Pay Commission: Committee recommends modification in some allowances

7th Pay Commission: Committee recommends modification in some allowances

Fri, Apr 28, 2017

The committee informed the Ministry that they have held a total of 15 meetings and was assisted by a Group of Officers headed by Additional Secretary (D/o Expenditure) in examining the representations.

Niti Aayog recommends taxing farmers, Arun Jaitley says no

Niti Aayog recommends taxing farmers, Arun Jaitley says no

Wed, Apr 26, 2017

Bibek Debroy, member of NITI Aayog on Tuesday had made a strong case for taxing agriculture income, an opinion contrary to the government's stated position, as reported by PTI.

Pension fund smoothens the registration process; applicants can now submit e-forms

Pension fund smoothens the registration process; applicants can now submit e-forms

Tue, Apr 25, 2017

According to the Ministry, the applicants can now submit their application online and upload scanned images of all the required documents.

Govt gives 10 more days to declare unaccounted income under PMGKY

Govt gives 10 more days to declare unaccounted income under PMGKY

Fri, Apr 21, 2017

On April 19, the Ministry had sent another notification which stated that it has extended the date of making deposit under the Deposit Scheme upto 30th April, 2017

FinMin expects 6 banks to raise funds via FPO as market improves

FinMin expects 6 banks to raise funds via FPO as market improves

Sun, Apr 16, 2017

In the Budget 2017-18 speech on February 1, Finance Minister Arun Jaitley announced capital infusion of Rs 10,000 crore for the current fiscal.

Withdrawal trend reverses in Jan Dhan accounts; deposits up Rs 1000 crore

Withdrawal trend reverses in Jan Dhan accounts; deposits up Rs 1000 crore

Sun, Apr 16, 2017

PMJDY was launched in August 2014 to increase banking penetration and promote financial inclusion in the country.

Finance Ministry okays 8.65% interest on EPF

Finance Ministry okays 8.65% interest on EPF

Sun, Apr 16, 2017

According to EPFO estimates, the fund will see a surplus after providing 8.65% interest rate for the last fiscal.

April 30 last day to provide self-certification for account holders; here's what you need to know about FATCA

April 30 last day to provide self-certification for account holders; here's what you need to know about FATCA

Wed, Apr 12, 2017

The Inter-Governmental Agreement (IGA) between India and USA was expected to come into force on August 31, 2015.

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