Finance Ministry  

The Union Finance Ministry has approved a Hyderabad-based IRS officer's request to change name and gender, marking a historic first.

As per the Indian finance ministry, the GST collections for the month of March stood at an all-time high of Rs 1.23 trillion
 

Here's some good news for private sector employees. The Employees’ Provident Fund Organisation is likely to declare interest rate of 8.5 per cent on their EPF savings for the financial year 2019-20 at one go

 

A finance ministry report says that reforms undertaken during the pandemic will help sustain long-term growth 
 

The Finance Ministry is swiftly implementing various schemes announced under the Rs 20.97 lakh crore Atmanirbhar Bharat Abhiyan package which is going to have a multiplier effect on the Indian economy, Minister of State for Finance Anurag Singh Thakur said on Tuesday

The finance ministry has said about 42 crore poor people have received financial assistance of Rs 53,248 crore under Pradhan Mantri Garib Kalyan Package

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.

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.

The Union finance ministry has decided to slash corporate taxes to 22% 

 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

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.

 

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. 

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.

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.

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.