Tag: Finance Ministry

In Graphics: Post-dated clearing of cheques is history

Economy
The Reserve Bank of India’s new real-time cheque clearance system, aimed at improving ef ciency, is facing glitches, with some customers complaining about delays. ET takes a look back at how cheques have evolved over...

Currency watch: Rupee rises 7 paise to 88.72 against dollar; domestic markets and crude oil support gains

Business
The rupee strengthened by 7 paise to close at 88.72 against the US dollar on Friday, buoyed by positive domestic market trends and a broad decline in crude oil prices, PTI reported. Forex...

Centre expects Rs 5.91 lakh cr from cess and surcharge in FY26

Economy
The Finance Ministry on Tuesday told Parliament that it expects to collect Rs 5.91 lakh crore from cess and surcharge in the current...

NPS vs UPS: Big move for central government employees! NPS tax benefits now available under UPS – here’s what it means

Business
In a significant move aimed at strengthening the Unified Pension Scheme (UPS), the Finance Ministry has extended income tax benefits currently...

Finmin nudges large CPSEs, key agencies to boost capex

Economy
The finance ministry is nudging large central public sector enterprises (CPSEs) and key government agencies to boost their capital expenditure (capex) in this...

Govt appoints RBI Deputy Governor T Rabi Sankar as 16th FinComm member

Economy
RBI Deputy Governor T Rabi Sankar has been appointed as a part-time member of the 16th Finance Commission, the finance ministry said on...

Finance Ministry OKs 8.25% EPF interest rate

Economy
The government has ratified an interest rate of 8.25% on Employees’ Provident Fund (EPF) deposits for the financial year 2024-25, benefitting over 70...

Finance Ministry urges banks, DRTs to speed up debt recovery

Economy
The finance ministry has called on banks, debt recovery tribunals and other stakeholders to work together to reduce the backlog of pending cases...

Govt to borrow Rs 8 lakh crore in first half of FY26

Economy
The Ministry of Finance on Thursday announced its borrowing plan for the first half (H1) of FY 2025-26. As part of this, the...

Parliament panel examining Income Tax Bill holds first meeting

Economy
New Delhi: The Finance Ministry on Monday briefed the members of a Select Committee of Lok Sabha on various aspects of the Income...

Budget 2025: Import of copper scrap may soon turn duty free

Economy
New Delhi: The Centre is mulling removing the 2.5% concessional basic customs duty on copper scrap, a move that can potentially boost the...

FM Sitharaman holds pre-budget consultation with representatives of trade unions

Economy
Union Budget 2025: Union Minister for Finance and Corporate Affairs, Nirmala Sitharaman, chaired the eighth Pre-Budget Consultation meeting with stakeholders and representatives from...

Tax refunds up by 46.31% to Rs 3.08 lakh crore in FY 2024-25: Finance Ministry

Economy
The Finance Ministry announced on Thursday a significant improvement in the issuance of tax refunds for the financial year 2024-25.Between April 1 and...

Govt revises dividend, buyback and bonus issue norms for CPSEs

Stocks
The Union government has revised its guidelines regarding capital restructuring of Central Public Sector Enterprises (CPSEs) to address the critical interlinked issues such...
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