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News - (Get Professional Updates on Whatsapp, Msg on 8285393786) Category : Finance

FinMin notifies common application form for FPI registration
Posted Date : 13-Feb-2020 , 10:15:34 pm | Posted By CASANSAAR

The finance ministry has notified a common application form for registration of foreign portfolio investors in a bid to enhance operational flexibility and ease of access to the Indian capital market. Last week, markets regulator Securities and Exchange Board of India (Sebi) had come out with a c...

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Category : Finance | Comments : 0 | Hits : 125

Rs 70,000 crore loan amount has been disbursed till Jan 13 under MSMEs scheme: Govt
Posted Date : 20-Jan-2020 , 02:25:48 pm | Posted By CASANSAAR

The Finance Ministry has said that a loan amount of nearly seventy thousand crore rupees has been disbursed till 13th of this month under the scheme of providing loan to Micro Small and Medium Enterprises - MSMEs within 59 minutes. The Ministry tweeted that out of the 2.73 lakh applications recei...

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Category : Finance | Comments : 0 | Hits : 249

Govt will act as facilitator for all stakeholders in achieving target of 5 trillion dollar economy: FM
Posted Date : 20-Jan-2020 , 09:59:15 am | Posted By CASANSAAR

Finance Minister Nirmala Sitharaman has said that the government will act as a facilitator for all stakeholders in achieving the target of five trillion dollar economy. Delivering the Nani Palkhivala Centenary lecture in Chennai, she said the target of India becoming a five trillion-dollar economy i...

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Category : Finance | Comments : 0 | Hits : 255

FM Nirmala Sitharaman presents 1st supplementary demand of grants
Posted Date : 28-Nov-2019 , 01:55:40 pm | Posted By CASANSAAR

Finance Minister Nirmala Sitharaman on Thursday sought Parliament nod for additional spending of Rs 21,246.16 crore, including over Rs 8,820 crore for the newly formed union territories of Jammu and Kashmir and Ladakh, in the first batch of supplementary demands. Of this, the net cash outgo will ...

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Category : Finance | Comments : 0 | Hits : 168

FM announces special window to complete stalled real estate projects
Posted Date : 07-Nov-2019 , 07:55:06 am | Posted By CASANSAAR

The Cabinet has approved establishment of a 'Special Window' to provide priority debt financing for completion of stalled housing projects in the Affordable and Middle-Income Housing sector. Briefing media after the Cabinet meeting, Finance Minister Nirmala Sitharaman said a Fund has been...

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Category : Finance | Comments : 0 | Hits : 167

Finance Minister asks PSUs, ​ministries to release payments in a timely manner
Posted Date : 28-Sep-2019 , 10:22:36 am | Posted By CASANSAAR

The finance ministry has asked government departments to clear outstanding dues of suppliers and service providers worth Rs 20,000 crore within the first week of October to provide liquidity in the festival season. It also called for investment plans of ministries over the next four quarters in a bi...

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Category : Finance | Comments : 0 | Hits : 451

Govt notifies changes to FDI in single-brand retail
Posted Date : 20-Sep-2019 , 09:20:17 am | Posted By CASANSAAR

The government on Wednesday formally notified the amendments to the foreign direct investment (FDI) policy  in single-brand retail.  Last month, the Cabinet had relaxed key aspects of the 30% local sourcing rules applicable to single-brand retail entities where FDI is over 51%. In a boo...

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Category : Finance | Comments : 0 | Hits : 349

Govt notifies 8.65% interest rate for EPFO members
Posted Date : 20-Sep-2019 , 08:39:06 am | Posted By CASANSAAR

Government has approved 8.65 per cent interest rate on deposits in Employees Provident Fund for 2018-19. Sources said, Ministry of Labour and Employment has notified 8.65 per cent rate of interest on EPF deposits for its over six crore subscribers. The EPFO has been settling EPF withdrawal claims...

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Category : Finance | Comments : 0 | Hits : 252

Govt announces fresh incentives to boost exports and housing sector
Posted Date : 15-Sep-2019 , 10:43:40 am | Posted By CASANSAAR

Finance Minister Nirmala Sitharaman has announced a fresh set of measures worth around 70,000 crore rupees to boost exports and housing sector. She said that the government will provide a 10,000 crore rupees special window with an aim to help complete ongoing affordable and middle-income housing pro...

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Category : Finance | Comments : 0 | Hits : 247

Govt permits 100% FDI in coal mining, associated infrastructure
Posted Date : 28-Aug-2019 , 08:58:43 pm | Posted By CASANSAAR

The Union Cabinet has relaxed Foreign Direct Investment rule for foreign single-brand retailers and also permitted foreign investment in contract manufacturing and coal mining.  Briefing reporters after the Union Cabinet meeting in New Delhi, Commerce and Industry Minister Piyush Goyal said ...

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Category : Finance | Comments : 0 | Hits : 115

Centre announces series of measures to boost economic growth
Posted Date : 24-Aug-2019 , 09:58:45 am | Posted By CASANSAAR

The government has unveiled a series of measures to achieve higher economic growth. It has withdrawn enhanced surcharge on Foreign Portfolios Investors FPIs, restoring the pre-budget position. Surcharge on domestic investors in equity markets has also been withdrawn.  Briefing media in New D...

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Category : Finance | Comments : 0 | Hits : 388

Govt withdraws higher surcharge tax on FPIs and domestic investors
Posted Date : 23-Aug-2019 , 07:59:03 pm | Posted By CASANSAAR

Union Finance Minister Nirmala Sitharaman on Friday announced a slew of measures trying to pump-prime the economy and assuage concerns of investors as well as corporates arising out of higher taxes and also tax review cases, even as she made a push to reverse the auto sector slowdown.  The F...

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Category : Finance | Comments : 0 | Hits : 215

FinMin in talks with PMO over steps for revival of the economy
Posted Date : 17-Aug-2019 , 06:58:33 am | Posted By CASANSAAR

Finance minister Nirmala Sitharaman Friday said her officials are in discussions with their counterparts in the PMO and once the talks are over government will figure out what remedial steps should be taken and announce the same. However, she refused to say if government is planning to come out w...

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Category : Finance | Comments : 0 | Hits : 305

Finance Minister meets Bankers, reviews the performance of banks
Posted Date : 06-Aug-2019 , 07:38:56 am | Posted By CASANSAAR

Smt. Nirmala Sitharaman, Union Minister of Finance & Corporate Affairs reviewed the performance of banks, here, today in a meeting with the top management of Public Sector Banks, HDFC Bank, ICICI Bank, Axis Bank, Kotak Mahindra Bank and Citi Bank. RBI Deputy Governor N. S. Vishwanathan also...

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Category : Finance | Comments : 0 | Hits : 178

Senior IAS officer Rajiv Kumar appointed as new Finance Secretary
Posted Date : 31-Jul-2019 , 09:46:28 am | Posted By CASANSAAR

Senior IAS officer Rajiv Kumar, currently serving as Financial Services Secretary, was on Tuesday appointed as the new Finance Secretary, reported ANI. The Appointments Committee of the Cabinet headed by Prime Minister Narendra Modi approved the designation of Kumar as the new Finance Secretary, ...

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Category : Finance | Comments : 0 | Hits : 318

Parliament passes Finance Bill 2019
Posted Date : 24-Jul-2019 , 06:45:40 am | Posted By CASANSAAR

Parliament has passed the Finance Bill 2019 and Appropriation Bill 2019 with the Rajya Sabha returning them to the Lower House.  The Lok Sabha has already passed the bills. The Finance bill gives effect to the financial proposals of the Central Government for the financial year 2019-20. Whil...

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Category : Finance | Comments : 0 | Hits : 305

Cabinet extends 15th Finance Commission's term up to Nov 30
Posted Date : 18-Jul-2019 , 09:13:42 am | Posted By CASANSAAR

Cabinet has approved the extension of the term of Fifteenth Finance Commission up to 30th November this year. It will enable the Commission to examine various comparable estimates for financial projections in view of reforms and the new realities to finalise its recommendations for the period 2020-2...

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Category : Finance | Comments : 0 | Hits : 128

Allahabad Bank reports Rs 1,775 Cr fraud by Bhushan Power & Steel
Posted Date : 15-Jul-2019 , 08:21:55 am | Posted By CASANSAAR

Kolkata-headquartered state owned lender, Allahabad Bank, has reported a fraud of Rs 1774.82 crore by Bhushan Power & Steel to the Reserve Bank of India (RBI). In a stock market notification, on July 13, the bank has alleged misappropriation of funds and manipulation in the books of accounts ...

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Category : Finance | Comments : 0 | Hits : 587

Cabinet approves the Banning of Unregulated Deposit Schemes Bill, 2019
Posted Date : 11-Jul-2019 , 09:43:02 am | Posted By CASANSAAR

  The Union Cabinet, chaired by the Prime Minister Narendra Modi has approved the banning of Unregulated Deposit Schemes Bill, 2019.  It will replace the banning of Unregulated Deposit Schemes Ordinance, 2019. The banning of Unregulated Deposit Schemes Bill, 2019 will rep...

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Category : Finance | Comments : 0 | Hits : 472

Finance Minister Nirmala Sitharaman to present Union Budget tomorrow
Posted Date : 04-Jul-2019 , 03:00:14 pm | Posted By CASANSAAR

Finance Minister Nirmala Sitharaman will present the Union budget in the Lok Sabha tomorrow. This will be the first budget of the Narendra Modi government after assuming office for the second time. People from all walks of life have their expectations from the budget In Telangana, Prasanna Tantri, ...

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Category : Finance | Comments : 0 | Hits : 175

Key Highlights of Economic Survey 2018-19
Posted Date : 04-Jul-2019 , 02:40:56 pm | Posted By CASANSAAR

The Union Minister for Finance and Corporate Affairs, Smt. Nirmala Sitharaman tabled the Economic Survey 2018-19 in the Parliament today. The Key Highlights of Economic Survey 2018-19 are as follows: Shifting gears: Private Investment as the Key Driver of Growth, Jobs, Exports and Demand Surve...

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Category : Finance | Comments : 0 | Hits : 254

Smt. Nirmala Sitharaman takes charge as the Union Minister of Finance & Corporate Affairs
Posted Date : 01-Jun-2019 , 07:38:00 am | Posted By CASANSAAR

Smt. Nirmala Sitharaman assumed charge as the Union Minister of Finance & Corporate Affairs here today.  She was greeted at the office in North Block by Minister of State for Finance & Corporate Affairs designate, Shri Anurag Singh Thakur, Finance Secretary Shri Subhash Chandra Garg and...

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Category : Finance | Comments : 0 | Hits : 358

Shri Anurag Thakur takes charge as Minister of State for Finance & Corporate Affairs
Posted Date : 01-Jun-2019 , 07:36:13 am | Posted By CASANSAAR

Shri Anurag Singh Thakur assumed charge of office as the Union Minister of State (MoS) for Finance & Corporate Affairs here today.  Shri Thakur took the charge in the august presence of Union Minister for Finance & Corporate Affairs Smt. Nirmala Sitharaman. Shri Thakur was greeted in...

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Category : Finance | Comments : 0 | Hits : 209

Nirmala Sitharaman India's first woman FM
Posted Date : 01-Jun-2019 , 07:33:55 am | Posted By CASANSAAR

 Nirmala Sitharaman Friday broke the glass ceiling again as she became the first full-time woman Finance Minister, who will present Modi 2.0 government's maiden Budget that should look to take out the country from slowing growth, create jobs, attract investments and tackle banking sector wo...

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Category : Finance | Comments : 0 | Hits : 183

Justice PC Ghose set to be named India's 1st Lokpal
Posted Date : 18-Mar-2019 , 08:14:58 am | Posted By CASANSAAR

Almost 50 years after the Lok Sabha first passed a Lokpal bill and more than five years after a popular anti-corruption movement led to the passage of the legislation in its latest form, retired Supreme Court judge Justice Pinaki Chandra Ghose is set to be India's first anti-corruption ombudsman...

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Category : Finance | Comments : 0 | Hits : 419

Govt to soon start selection process for new PFRDA Chairman
Posted Date : 18-Mar-2019 , 08:11:20 am | Posted By CASANSAAR

The government will soon start selection process for a new chairman of pension fund regulator PFRDA to succeed the present chief, Hemant G Contractor, whose term is slated to end in April. "The Finance Ministry will soon come out with an advertisement to find a successor to head the Pension Fun...

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Category : Finance | Comments : 0 | Hits : 369

Government passes ordinance to ban unregulated deposit
Posted Date : 22-Feb-2019 , 09:36:03 pm | Posted By CASANSAAR

In a bid to save credulous investors from ponzi schemes, the Central government has banned unregulated deposit schemes, a move that may help tackling the menace of illicit deposit-taking activities. Pursuant to this ordinance now any Individual or group of individuals cannot take any deposit or l...

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Category : Finance | Comments : 0 | Hits : 897

Arun Jaitley resumes charge of Finance Ministry
Posted Date : 15-Feb-2019 , 02:54:51 pm | Posted By CASANSAAR

Union Minister Arun Jaitley on Friday resumed charge as finance minister after his return from the US last Saturday. “The President of India, as advised by the Prime Minister, has directed to assign the portfolios of the Minister of Finance and Minister of Corporate Affairs to Shri Arun Jai...

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Category : Finance | Comments : 0 | Hits : 142

Cabinet approves abolition of Ombudsman for Direct, Indirect taxes
Posted Date : 07-Feb-2019 , 10:02:19 am | Posted By CASANSAAR

The Union Cabinet on Wednesday decided to abolish institutions of Ombudsman for income tax and indirect tax.  The approval comes against the backdrop of people preferring online grievance redressal mechanism.  The institution of Income-Tax Ombudsman was set up in 2003 to deal with gr...

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Category : Finance | Comments : 0 | Hits : 259

Government reviews guidelines for FDI in E- commerce
Posted Date : 27-Dec-2018 , 10:36:02 am | Posted By CASANSAAR

Government has reviewed guidelines for Foreign Direct Investment in E- commerce companies to protect the interests of domestic players. It has taken host of steps and barred e-commerce companies from selling products of the companies in which they have stake. In a statement, the Commerce and Industr...

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Category : Finance | Comments : 0 | Hits : 593

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