Govt notifies electoral bond scheme 2018

New Delhi: The government on Saturday notified the electoral bond scheme 2018.

No plan to levy charges for UPI fund transfers, says Union Finance Ministry

New Delhi: The Finance Ministry on Sunday said that the government has no plans to levy any charges for UPI (Unified Payments Interface) transactions.

Centre shortlists 4 names, including two women economists, for Chief Economic Advisor

New Delhi/IBNS: The Centre has shortlisted four candidates for the post of Chief Economic Advisor (CEA) to succeed K V Subramanian, media reports said.

E-filing portal glitches: Finance ministry summons Infosys CEO Salil Parekh

Bengaluru/UNI: The Ministry of Finance has summoned Infosys CEO and Managing Director Salil Parekh on Monday to explain the reason for the company failing to resolve the glitches in the e-filing portal.

Dept of Public Enterprises back with Finance Ministry for better coordination and asset management

New Delhi/IBNS: The Department of Public Enterprises (DPE) which was created in 1965 as Bureau of Public Enterprises (BPE) has been placed under the ministry of finance to allow "direct and better" coordination, according to a media report.

COVID-19: Ministry of Finance extends deadline to file income tax returns till Jan 10

New Delhi: The Indian government on Wednesday announced it has extended the deadline for filing Income Tax by 10 more days till Jan 10.

Father-son duo arrested from Shahdara in Delhi on GST evasion charges says Union Finance Ministry

New Delhi, May 24 (IBNS): The Union Ministry of Finance in a released on Thursday said that the Central Tax, GST Delhi East Commissionerate arrested a Shahdara based father son-duo on May 22 in case of fraudulent issuance of Input Tax Credit invoices involving evasion of approximately Rs. 28 Crores relating to Copper industry.

Union Finance Ministry says Rs. 7.19 lakh crore collected under GST between Aug 2017 and Mar 2018

New Delhi, Apr 27 (IBNS): The Union Ministry of Finance, on Friday, published details about the Goods and Services Tax (GST) revenue collections for the Financial Year 2017-18, which revealed that total revenue of Rs. 7.19 lakh crore has been collected under GST between August 2017 and March 2018.

Government cautions people against risks in investing in virtual ‘currencies’; says VCs are like ponzi schemes

New Delhi, Dec 29 (IBNS): The Ministry of Finance on Friday warned people against investigating in virtual currencies.

Indian government freezes 2 lakh bank accounts of suspected shell companies

New Delhi, Sept 5 (IBNS): The Indian government on Tuesday said that in an attempt to crackdown on illegal transactions and tax evasion, bank accounts of 209,032 suspected shell companies have been frozen.

Jaitley launches common landing webpage of the Ministry of Finance and the mobile format friendly new website

New Delhi, June 2 (IBNS): Union Minister for Finance, Defence and Corporate Affairs Arun Jaitley, launched here on Friday a common landing webpage of the Ministry of Finance, www.finmin.nic.in – which provides a single point access to all the websites of the five different Departments under the Ministry.

Government respects independence and autonomy of RBI, says Finance Ministry

New Delhi, Jan 14 (IBNS): The Ministry of Finance on Saturday said the government respected the 'independence and autonomy' of the Reserve Bank of India.

Govt decides to print plastic currency notes

New Delhi, Dec 9 (IBNS): The government on Friday said it has decided to print plastic currency notes.