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.
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 confiscation of properties of JuD and FIF comes after Pakistan formally placed them in the list of banned organisations on Tuesday.
The banks argue since the scale of credits is unforeseen, they will have to bear an unknown cost of servicing these accounts.
The former minister said he was under watch and his every step was closely monitored.
Nobody bothered to articulate the upsides; instead, the four-year tour of duty and denial of life-long pensions got played up.
Job-seekers for government and related opportunities found that their future was at risk, points out Shreekant Sambrani.
If the apex court decides on a 15-year repayment tenure, it would pose a grave challenge for the debt ridden VIL.
Apart from outlining its future plans for the development of Bihar, Chief Minister Nitish Kumar led party also referred to poll promises made by the rival Grand Alliance, including approving 10 lakh jobs, and sought to know from where would they manage Rs 5 lakh crore additional money that will be required for fulfilling their 'lofty' announcements.
The finance minister is ready to present a second financial package. The Centre has ruled out a mega stimulus and will rely on targeted, incremental packages. Industry is clamouring for a bailout, the liquidity upheaval in capital markets is nowhere close to being sorted out, and all budgetary forecasts now stand irrelevant, reports Arup Roychoudhury.
To snatch a state government out of Congress hands is therefore a high-stakes game with national political implications, for it denies the party the essential fuel to run effective election campaigns, notes T N Ninan.
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.
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.
From Covid-19 essentials, such as Vitamin C supplements and thermometers, to bicycles, laptops, and personal weighing scales, demand for certain items galloped during last financial year as the pandemic altered what Indians used on a day-to-day basis. Imports of outdoor sports equipment, handbags for women, and dentures, among others, plummeted. With outdoor activities coming to a halt last year and schools functioning virtually, imports of sports goods witnessed a decline, while inbound shipments of laptops and battery chargers saw a sharp uptick, according to the import data for the financial year 2020-21.
Most of the services of the postal department are incurring losses.
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.
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 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.
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.
All 'grameen dak sevaks' in rural post offices will be given handheld devices by March 2017.
Deputy Election Commissioner Umesh Sinha said here that that it has now been established the amount belongs to SBI.
Retired college teachers in Bihar are facing financial difficulties as they have not received their pension for the past four months, reports M I Khan.
The NRA will have representatives of IBPS, SSC and Indian Railways.
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.
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 CDS will be a four-star general and his salary will be equivalent to that of service chiefs.
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).
The Rail Land Development Authority has invited online bids from private players to redevelop the station into an integrated commercial, retail, and hospitality hub.
Gandhi was the executive director at the Reserve Bank of India before being promoted to deputy governor post.
The ministry's year-end review is silent on the continued occupation by Chinese troops of territory that India has always claimed and patrolled.
For instance, the size of a central ministry's annual outlay should ideally be a key factor in determining the number of people who need to be employed by it.
Banks asked to maintain record of cash being ferried in these vehicles all the time
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.
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).
Congress leaders have hit out at the BJP governments at the Centre and in Karnataka, questioning its timing.
Two key depts in ministry cold to rationale for one; postal dept says it's more eligible than IDFC or Bandhan, feels 'strong lobby' scuttling its plans.
Altogether 159 cows, which were kept in a cattle shelter (Gaushala) have died since May 14 last, the officials said.
The annual expenditure on contractual manpower in 2012-13 was about Rs 300 crore.
Dr Tamilisai Soundarajan has nominated Prime Minister Modi for launching the world's largest healthcare scheme Pradhan Mantri Jan Arogya Yojana - 'Ayushman Bharat' and also appealed to people to join her in nominating the prime minister.
Experts explained that normally, the IT department sends notices to only those people whose yearly credit card transactions cross Rs 200,000.
