Finance Ministry

New Delhi: The finance ministry will kick-start month-long pre-budget meetings from October 10 ahead of the preparation of the annual budget for 2024-25. “Pre-budget discussions to finalise RE (Revised Estimate) 2023-24 and BE (Budget…

New Delhi: The government has imposed 40 per cent duty on onion exports till December 31 this year, the Finance Ministry said. The duty is applicable immediately, it said. The move comes as onion prices continue to rise this month.…

New Delhi: The Finance Ministry has approved the upgradation of Oil India Ltd to the category of 'Maharatna', a move which will impart enhanced powers to the OIL board while taking financial decisions. Post the upgrade, the state-run oil…

New Delhi: The Finance Ministry on Monday told Parliament that five state-run general insurance companies have a total exposure of Rs 347.64 crore, or 0.14 per cent of their total assets under management (AUM), in Adani Group of companies,…

New Delhi: The Finance Ministry has notified an average 12 per cent wage hike for employees of four public sector general insurance companies effective from August 2017. "This Scheme may be called the General Insurance (Rationalisation…

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New Delhi: As a result of the initiatives taken by the Government, there has been a paradigm shift in digital transactions in India. This was stated by Union Minister of State for Finance Dr Bhagwat Kisanrao Karad in a written reply to a…

New Delhi: The Finance Ministry on Wednesday said that India and the US have agreed to a transitional approach on equalisation levy or digital tax on e-commerce supplies beginning April 1. India and United States have agreed that the…

Mumbai: In a bid to provide relief to families of bank employees, the Government has approved the Indian Banks' Association’s (IBA) proposal to increase the family pension to 30% of the last salary drawn. This move would make family…

New Delhi: Union Minister of State for Finance Pankaj Chaudhary in a written reply to a question in the Rajya Sabha Tuesday said that the Government is taking various measures to ease out liquidity and steep increase in commodity prices and…