The ministry's year-end review is silent on the continued occupation by Chinese troops of territory that India has always claimed and patrolled.
The former minister said he was under watch and his every step was closely monitored.
The Finance Commission has substantially increased the allocation of funds to panchayats, but a large part of it is apportioned by state governments.
Tuesday's meeting at the PM's residence, attended by all the five secretaries in the finance ministry besides top officials of other economic ministries and NITI Aayog, cleared a five-year vision plan for the government to make India a $5-trillion economy by 2024.
India's finance ministry on Wednesday ordered small-bore austerity measures including a ban on holding meetings at five star hotels and creation of new posts in federal departments, at a time when government revenue growth has slowed down.
The ministry asked all departments to cut avoidable expenditure, including seminars and conferences at five-star hotels and abroad, purchase of new vehicles, foreign travel and appointment of consultants.
BCCI vice-president CK Khanna, who is also a senior vice-president of the DDCA, was engaged in an ugly war of words with treasurer Ravinder Manchanda regarding procurement of the association's balance sheet for the last financial year (2015-16).
In less than five months of resuming charge of the finance ministry, Palaniappan Chidambaram has put in place virtually a new team to take charge of the government's fiscal policy management in the remaining months of its tenure. Will the celebrated economists and IAS officers share the required equation remains to be seen.
The confiscation of properties of JuD and FIF comes after Pakistan formally placed them in the list of banned organisations on Tuesday.
The finance ministry is working on a second relief package for the Indian economy hit hard by the coronavirus outbreak and the 21-day nationwide lockdown imposed to curb the contagion, sources said. Last month, the government announced a Rs 1.70 lakh crore relief package in the form of foodgrains and cash transfers for the poor and vulnerable section of the society to help them deal with the hardships caused by the lockdown. Now, the government is working on a stimulus to be given to hard-hit sectors of the economy after the lockdown is lifted, sources said, adding that an announcement is expected in the next few days depending on the severity of the pandemic.
Jammu and Kashmir has spent Rs 12 crore on the maintenance and operation of Omar Abdullah's aircraft since he became the chief minister in January 2009.
It was not immediately clear when Garg submitted his voluntary retirement scheme application to the government. It was also not known if the government would accept the application. If he hadn't applied for VRS, he would have retired from government service at the end of October 2020 on attaining of 60 years of age. Garg did not answer phone calls seeking his comments.
Ban on purchase of vehicles, except for defence, continues.
The Finance Ministry said it has followed standard practice and has not violated any Constitutional provision by not showing interest on tax refund as separate expenditure in the Budget.
The Ministry of Finance or Commerce would certainly need a larger hospitality budget than the Ministry of Agriculture.
State-owned companies have been set stiff targets to increase accountability as they get ready for divestment. Nikunj Ohri explains why meeting them will be challenging.
The NRA will have representatives of IBPS, SSC and Indian Railways.
The Rail Land Development Authority has invited online bids from private players to redevelop the station into an integrated commercial, retail, and hospitality hub.
FinMin has already sought inputs from different central ministries for the Budget speech, which would be the last Budget of the current BJP-led NDA government before the 2019 general polls.
The banks argue since the scale of credits is unforeseen, they will have to bear an unknown cost of servicing these accounts.
He will look after the Department of Banking Operations and the Development and Urban Banks Department, which were held by Usha Thorat who retired in November last year.
The CDS will be a four-star general and his salary will be equivalent to that of service chiefs.
Bahujan Samaj Party supremo Mayawati spent a staggering Rs 86 crore of government funds to renovate her sprawling Mall Avenue bungalow in Lucknow when she was chief minister of Uttar Pradesh with some windows costing Rs 15 lakh each.
This was the one Budget that required radical departures on all these fronts, when it had none, asserts, Shreekant Sambrani.
Most of the services of the postal department are incurring losses.
Congress leaders have hit out at the BJP governments at the Centre and in Karnataka, questioning its timing.
The high value transactions that will be under the I-T Department scanner include the purchase of property, vehicles, shares and bonds, fixed deposits in banks and post offices, etc.
All 'grameen dak sevaks' in rural post offices will be given handheld devices by March 2017.
The best available recourse to keep the defence sector healthy, is to source most of our requirement within the country so that procurement outlays under both the Revenue and Capital heads flow within the country, recommends says Brigadier S K Chatterji (retd).
Deputy Election Commissioner Umesh Sinha said here that that it has now been established the amount belongs to SBI.
In 2009, FinMin proposed to move regulators' reserves into public account. These accounts were finally opened in 2013-14. However, no funds have been deposited in it so far.
Karnataka Governor Vajubhai Vala, a former Gujarat finance minister, was embroiled in a controversy over expenditure of Rs four crore on renovation of Raj Bhavan and another Rs 1.30 crore on air travel including by special flights during nine months.
There are 1.9 million employees and 650,000 pensioners in Maharashtra.
There have been demands from bankers and insurers to hike the tax exemption limit from Rs 100,000 per annum to encourage household savings.
This will be the first time since the presentation of independent India's first budget on November 26, 1947, that the documents containing income and expenditure statement of the Union government along with finance bill, detailing new tax and other measures for the new financial year, will not be physically printed.
Altogether 159 cows, which were kept in a cattle shelter (Gaushala) have died since May 14 last, the officials said.
Following Anand Sinha's elevation as Reserve Bank of India (RBI) deputy governor, S Karuppasamy has been promoted an executive director (ED) to fill the vacancy. Prior to this, Karuppasamy was the regional director (Kolkata).
Gandhi was the executive director at the Reserve Bank of India before being promoted to deputy governor post.
'It is entering growth territory on a month-on-month basis.'
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