THE FINANCE MINISTRY

Traditional ‘halwa ceremony’ held at Finance Ministry, ahead of Union Budget

New Delhi: Finance minister Nirmala Sitharaman launched the Union Budget mobile app on Saturday, even as final stages of FY 2021-22 Budget ...

Jan Dhan accounts cross 41 crore: Finance Ministry

"Govt. committed to #FinancialInclusion to all citizens. As on 6/1/21, #PMJDY accounts cross 41 Cr. and Zero Balance Accounts decline to 7....

Budget 2021: Finance Minister holds pre-Budget meeting with state Finance Ministers

Sitharaman highlighted the importance of this meeting as a sign of cooperative federalism and indicated the manner in which the Union Gover...

Finmin looks at BIC model after RBI raises concern over zero coupon bonds for PSBs recap

The report recommended transferring shares of the government in the banks to the BIC which would become the parent holding company of all t...

Middle class set to gain from higher tax deductions likely in Budget 2021

Sources said that the Budget 2020-21 may take the sops announced earlier under the Atmanirbhar Bharat package to help people in their fight...

Budget 2021-22: Govt should provide additional funds, incentives for agri sector, say experts

"Food processing industry has played an important role in better price realisation for the farmer and reducing the cost of intermediaries. ...

Budget 2021 to be completely paperless - a first since Independence

Every year, the Union Budget is printed in the finance ministry's in house press, involving nearly 100 employees who have to stay together ...

Budget 2021: SWOT analysis of FM Sitharaman’s big task at hand

As Finance Minister Nirmala Sitharaman gears up to table the Union Budget 2021, there are mighty challenges that she will have to face. Thi...

Approval of COVID vaccine lends strength to optimism on health, economic fronts: Finance Ministry report

The new year, the report said, has dawned with the approval of the long-awaited COVID-19 vaccine and initiation of vaccination drives in va...

Finance Ministry lets five states to borrow extra Rs 16K crore post ease of business reforms

The government had in May decided to link grant of additional borrowing permission to states with reforms undertaken by them to facilitate ...

Rs 1.58 lakh cr given to 4.05 m borrowers under ECLGS: Finance Ministry

This information was provided during a comprehensive review of implementation of the Aatmanirbhar Bharat Abhiyan by finance minister Nirmal...

Finance Ministry to take call on Rs 14,500 crore capital infusion into banks in Q4

During 2019-20, the government proposed to make Rs 70,000 crore capital infusion into the PSBs to boost credit for a strong impetus to the ...

Pandemic pinch: Finance Ministry mulling 75% reduction in foreign travel budget for FY22

The government will cut "frivolous expenditure" when all the activities are going on in the virtual mode, joint secretary in the Ministry o...

Finance Ministry gives progress report on Atmanirbhar package

The finance ministry noted that Rs 25,000 crore has been disbursed from Additional Emergency Working Capital Funding for farmers through NA...

Finance Ministry notifies updated viability gap funding scheme

Projects under the scheme would be implemented by a private sector company as selected by the government or a statutory entity through a pr...

Finance Ministry asks ministries to limit expenditure as per revised targets

Ministries and departments are requested to strictly adhere to the expenditure ceiling decided in the meeting, the Finance Ministry said in...

Pandemic problems for the Centre, Finance Ministry slashes department allocations by 30%

Typically, the finance ministry revisits budget allocations for an ongoing financial year when it begins work on the next budget. However, ...