Tag Archives: Finance Ministry

Features of Rs. 2000 Colour: magenta Series is a part of the Mahatma Gandhi (New) series, with a design of India’s Mars orbiter, the Mangalyaan on the reverse. Size: 66mm x 166mm. See through register where the numeral 2,000 can be seen when note is held against light. Latent image of ...

The central government is planning to reduce the duty across all grades for iron ore to 10% in order to revive the industry as well as help the industry to stay in the competition despite having a weak commodity market. The prices for iron ore dropped to a decade low ...

In accordance with the central government’s strategy to directly reaching out to citizens, the government now has launched a You Tube channel for the Ministry of Finance. Finance Minister Mr. Arun Jaitley said that the ministry from time to time keep announcing and launching new statements regarding Indian economy and ...

The Finance Ministry announced today (25th September) that a mega credit campaign is going to happen until 2nd of October  for Medium, Small and Micro Enterprises to push for Pradhan Mantri Mudra Yojana (PMMY). Together, all the banks (state-run, regional and private) have a target of Rs. 1.22 lakh crore ...

Rattled by a spate of train accidents in which several lives were lost, Railways today said “enough is enough” and any “laxity on safety front is not acceptable” as it decided to seek Rs 1 lakh crore funds from the Finance ministry for safety upgrade. Railway minister has shown serious concern ...

News: Sharpening focus on infrastructure development to boost growth, government will invest Rs 8.5 lakh crore in Indian Railways to change the face of sector. Minister of State for Finance, has appealed to the opposition parties to help pass the GST bill that will usher in a new indirect taxes regime ...

News: Banks will disburse about Rs 1.22 lakh crore loan to small business units under Pradhan Mantri Mudra Yojna (PMMY) during the current fiscal. The banking sector has been allocated an overall disbursement target of Rs 1,22,188 crore during 2015-16 for MUDRA loans and the banks have already disbursed Rs 15,566 crore ...

News: India needs to minimise political interference in public sector banks, as the government announced measures to improve the performance of state-run banks that are struggling with rising bad loans. India’s banking sector has been hobbled by its highest bad-loan ratio in a decade as slower economic expansion hurt companies’ ability to ...

News: Finance Ministry has said that a steady 37 per cent growth in indirect tax collections in four months to July reflects that underlying momentum in the economy is improving. Indirect tax revenue jumped over 37 per cent to over Rs 2.1 lakh crore in April-July of the current fiscal ...