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Posted Date : 03-Apr-2020 , 08:36:02 am | Posted By CASANSAAR
In a major relief for 23 crore individual vehicle owners and 40 crore citizens, who benefit from a private or state health insurance scheme, the ministry of finance has amended the law and extended validity of insurance papers till April 21, 2020. In a gazette notification, the ministry of financ...
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Posted Date : 28-Mar-2020 , 08:39:51 am | Posted By CASANSAAR
Finance Act, 2020 The Finance Bill, 2020, after being passed by Lok Sabha & Rajya Sabha respectively; has received the assent of the President of India on 27th March, 2020. With this, Finance Bill, 2020 has now become Finance Act, 2020. CLICK HERE TO DOWNLOA FINANCE ACT, 2020...
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Posted Date : 27-Mar-2020 , 10:24:59 am | Posted By CASANSAAR
Insurance cover of Rs 50 Lakh per health worker fighting COVID-19 to be provided under Insurance Scheme 80 crore poor people will to get 5 kg wheat or rice and 1 kg of preferred pulses for free every month for the next three months 20 crore women Jan Dhan account holders to get Rs 500 per month ...
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Posted Date : 24-Mar-2020 , 10:19:20 pm | Posted By CASANSAAR
The Union Finance & Corporate Affairs Minister Smt. Niramla Sitharaman today announced several important relief measures taken by the Government of India in view of COVID-19 outbreak, especially on statutory and regulatory compliance matters related to several sectors. While addressing the press...
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Posted Date : 23-Mar-2020 , 07:07:17 pm | Posted By CASANSAAR
Rajya Sabha also passed the Finance Bill 2020. Rajya Sabha adjourned sine die over #covid19 pandemic ...
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Posted Date : 23-Mar-2020 , 04:50:51 pm | Posted By CASANSAAR
Lok Sabha passed the Finance Bill 2020 without discussion on Monday. The Union government said it was an "extraordinary situation", a reference to the coronavirus pandemic, as Finance Minister Nirmala Sitharaman tabled the bill for passage. The House negated amendments moved by Oppos...
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Posted Date : 04-Mar-2020 , 08:15:58 am | Posted By CASANSAAR
Government of India appointed the current Revenue Secretary Ajay Bhushan Pandey as the new Finance Secretary. Pandey replaces current Finance Secretary Rajiv Kumar. The Appointments Committee of the Cabinet has approved the appointment. Pandey, a 1984 batch Indian Administrative Service off...
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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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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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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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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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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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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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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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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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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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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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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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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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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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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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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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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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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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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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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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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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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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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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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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- File Service Tax Return in time as Maximum Penalty increased 10 times to Rs. 20000
