Finance Ministry(Search results - 23)
Politics30, Dec 2019, 4:21 PM
Indian Economy Will Rebound Soon; Current Slowdown Cyclical: Vice President of India
The Vice President of India, M Venkaiah Naidu expressed confidence that the Indian economy would rebound in the near future saying that the current slowdown was cyclical. Inaugurating the 102nd annual conference of the Indian Economic Association on December 27th, he said it was true that the Indian economy was facing some challenges due to the decline in growth this fiscal. However, he said the country had faced similar slumps in the past in the wake of the East Asian financial crisis and global slowdown but bounced back with a higher growth rate every time.
Politics20, Nov 2019, 7:06 PM
Government Eased Norms of Aadhaar KYC For Opening of Bank Account
People usually use the Aadhaar card as one of the KYC (Know Your Customer) documents to open a new bank account because it can be used both as address and photo proof. There are many cases where people may have their address in Aadhaar and want to give a more functional address for KYC. It will help migrant workers who have the address of their native place in Aadhaar but want a bank account with their current address where they are living for work,’ the finance ministry said in a statement.
Economy17, Aug 2019, 5:02 PM
Finance ministry seeks help of public sector banks to achieve $5 trillion economy
According to a communication by the finance ministry to the heads of Public Sector Banks (PSBs), it will be a bottom-up consultative process from the branch level onwards which will involve discussions at the branch or regional level, state level and national level
Economy10, Jul 2019, 6:04 PM
Jan Dhan accounts: Deposits cross Rs 1 lakh crore; number of zero balance accounts decline
The accounts opened under the Jan Dhan scheme have crossed over Rs 1 lakh crore. This was revealed as per the latest finance ministry data.
India1, Jun 2019, 5:51 PM
Modi 2.0: Finance ministry tightens noose around high profile suspects, Praful Patel first to face heat
The Enforcement Directorate (ED), which comes under the finance ministry, has summoned senior Nationalist Congress Party (NCP) leader and former aviation minister Praful Patel to join the investigation on 6th June.
India13, Apr 2019, 4:53 PM
Former IL&FS MD Ramesh Bawa arrested for default
Bawa had resigned as the CEO and MD of IL&FS Financial Services in September last year amid the allegation of defaults in loan payment and corporate governance issues.
India7, Mar 2019, 7:20 PM
India to get dodecagon Rs 20 coin soon, announces finance ministry
The finance ministry issued a gazette announcing the release of new Rs 20 coins in India. However, the government has not announced the exact date for the issuance of these new series of coins.
News17, Feb 2019, 6:17 PM
Pakistan can't even take care of its own economy and it keeps on attacking India
Pakistan’s debt and liabilities are currently equal to 86.4% of its gross domestic product (GDP) — a ratio considered unsustainable for the country. The finance ministry ends up spending 36% of the total budget to repay the public debt.
India5, Jan 2019, 2:09 PM
Home, finance ministries rejected highest number of RTI applications, says CIC report
According to the CIC report, in 51% cases of RTI rejections, the reason for rejecting the disclosure of information is Section 8(1). This section is being used by the government when information can affect country's security, economic interest, trade secrets, etc
India13, Nov 2018, 3:03 PM
Narendra Modi attempts to assuage Urjit Patel's concern
Tensions have escalated recently, with the finance ministry initiating discussion under Section 7 of the RBI Act, 1934, which empowers the government to issue directions to RBI governor
India5, Nov 2018, 10:59 AM
Information panel issues showcause notice to RBI for non-disclosure of wilful defaulters’ list
The CIC has also asked the Prime Minister’s Office, the Finance Ministry and the Reserve Bank of India (RBI) to make public the letter of former RBI governor Raghuram Rajan on bad loans.
India31, Oct 2018, 1:43 PM
Government says RBI autonomy essential, will hold consultations frequently
In a statement issued by the Union finance ministry, the Centre emphasized that the governments in India have “nurtured and respected” the governance requirement.