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Ministry of Finance

Bank accounts could have up to 4 nominees as Modi govt introduces bill in LS

Another proposed change relates to redefining 'substantial interest' for directorships, which could increase to Rs two crore instead of the current limit of Rs five lakh, which was fixed almost six decades ago.

09 August 2024, 06:59 IST

Banking Laws (Amendment) Bill introduced in LS

Banking Laws (Amendment) Bill introduced in LS

Bank accounts could have up to 4 nominees as Modi govt introduces bill in LS

09 August 2024, 06:59 IST

Release claim amount to kin of Wayanad landslide victims fast: FinMin to insurers

Insurance companies have initiated efforts for reaching out to their policyholders through various channels (local newspapers, social media, company websites, sms, etc) to provide the contact details for assistance in the districts of Wayanad, Palakkad, Kozhikode, Malappuram, and Thrissur.

03 August 2024, 11:42 IST

Quickly release claim amount to kin of Wayanad landslide victims, Finance Ministry tells insurers

Quickly release claim amount to kin of Wayanad landslide victims, Finance Ministry tells insurers

Release claim amount to kin of Wayanad landslide victims fast: FinMin to insurers

03 August 2024, 11:42 IST

Govt to provide Rs 11.11 lakh cr towards capex, viability gap funding to spur pvt investment: FM

"A provision of Rs 1.5 lakh crore for long-term interest-free loans has been made this year also to support the states in their resource allocation," said FM Nirmala Sitharaman.

23 July 2024, 09:30 IST

Union Budget 2024 | Govt to provide Rs 11.11 lakh cr towards capex, viability gap funding to spur pvt investment: FM

Union Budget 2024 | Govt to provide Rs 11.11 lakh cr towards capex, viability gap funding to spur pvt investment: FM

Govt to provide Rs 11.11 lakh cr towards capex, viability gap funding to spur pvt investment: FM

23 July 2024, 09:30 IST

Anusuya to Anukathir: In a first, Centre approves request of IRS officer to change gender from female to male

The order from the ministry over the request said, 'The request of Ms M Anusuya has been considered. Henceforth, the officer will be recognised as ‘Mr M Anukathir Surya’ in all official records.'

10 July 2024, 07:31 IST

Anusuya to Anukathir: In a first, Centre approves request of IRS officer to change gender from female to male

Anusuya to Anukathir: In a first, Centre approves request of IRS officer to change gender from female to male

Anusuya to Anukathir: In a first, Centre approves request of IRS officer to change gender from female to male

10 July 2024, 07:31 IST

'Reduced tax rates, brought happiness': Finance Ministry applauds GST on 7th anniversary

GST, which subsumed about 17 local tax and cesses, was rolled out on July 1, 2017. The theme of the 7th GST Day is Sashakt Vyapar Samagra Vikas (empowered trade overall growth).

01 July 2024, 10:46 IST

'Reduced tax rates, brought happiness': Finance Ministry applauds GST on 7th anniversary

'Reduced tax rates, brought happiness': Finance Ministry applauds GST on 7th anniversary

'Reduced tax rates, brought happiness': Finance Ministry applauds GST on 7th anniversary

01 July 2024, 10:46 IST

India moves 100 metric tonnes of gold from UK to domestic vaults

As per the annual report of the central bank for FY24 released on Thursday, over 308 metric tonnes of gold is held in India as backing for notes issued, while another 100.28 tonnes is held locally as an asset of the banking department.

31 May 2024, 11:36 IST

India moves 100 metric tonnes of gold from UK to domestic vaults

India moves 100 metric tonnes of gold from UK to domestic vaults

India moves 100 metric tonnes of gold from UK to domestic vaults

31 May 2024, 11:36 IST

FM Nirmala Sitharaman rubbishes Karnataka govt’s claim of injustice in release of central grants

Sitharaman’s statement came a day after Karnataka filed a writ petition in the Supreme Court requesting a direction to the Centre to immediately release grants under the National Disaster Response Fund.

24 March 2024, 10:58 IST

FM Nirmala Sitharaman rubbishes Karnataka govt’s claim of injustice in release of central grants

FM Nirmala Sitharaman rubbishes Karnataka govt’s claim of injustice in release of central grants

FM Nirmala Sitharaman rubbishes Karnataka govt’s claim of injustice in release of central grants

24 March 2024, 10:58 IST

Finance Ministry asks depts to surrender unspent Budgetary allocation by March 8

The last date for accepting the Surrender of Savings anticipated in the grants for 2023-24 has been fixed as March 8, 2024, an office memorandum issued by the Department of Economic Affairs dated February 22 said.

23 February 2024, 14:41 IST

Finance Ministry asks depts to surrender unspent Budgetary allocation by March 8

Finance Ministry asks depts to surrender unspent Budgetary allocation by March 8

Finance Ministry asks depts to surrender unspent Budgetary allocation by March 8

23 February 2024, 14:41 IST

Union Budget 2024: In numbers

While this was an Interim Budget considering 2024 is a Lok Sabha election year, and no major allocations were made, the Finance Minister has mentioned numerous pointers that give us a clear picture of the Indian economy in this fiscal year.

01 February 2024, 12:07 IST

Union Budget 2024: In numbers

Union Budget 2024: In numbers

Union Budget 2024: In numbers

01 February 2024, 12:07 IST

Infographic | How much did the government spend on defence in the last 10 years

Finance Minister Nirmala Sitharaman on February 1, 2023, announced an allocation of Rs 593.5K crore for the Ministry of Defence, which represented a 13 per cent year-on-year increase.

24 January 2024, 10:50 IST

Infographic | How much did the government spend on defence in the last 10 years

Infographic | How much did the government spend on defence in the last 10 years

Infographic | How much did the government spend on defence in the last 10 years

24 January 2024, 10:50 IST