Tag: Finance Ministry

Union Bank drops over 5% as Q1 business update flags sequential slowdown

Stocks
Shares of Union Bank of India declined by nearly 5.5% on Wednesday, July 9, slipping to Rs 141.85, after the public sector lender released its Q1FY26 business update. The market reaction followed concerns over quarter-on-quarter...

Gold price prediction today: Where is gold rate headed & is silver a better bet compared to yellow metal right now? Here’s the outlook

Business
Gold price prediction: On MCX the trading range could be Rs 97,650 – 95,230 / 10 gm in Aug futures contract. (AI image) Gold price prediction today: Gold rates may continue to be range-bound...

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...

CBIC relaxes norms for Customs Cargo Service Providers

Economy
The Central Board of Indirect Taxes and Customs (CBIC) Friday reduced insurance requirement for stored custom cargo to five days from 10 days....

Over 34.84 lakh IT audit reports filed on e-filing portal up to Oct 7: Finmin

Economy
The finance ministry on Wednesday said more than 34.84 lakh audit reports, including about 34.09 lakh Tax Audit Reports (TARs), have been filed...

Central govt to issue Rs 20,000 crore ‘Sovereign Green Bonds’ in four tranches in FY25

Business
NEW DELHI: The Finance Ministry on Friday said that the central government plans to accumulate Rs 20,000 crores by introducing the...

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