The meetings with various ministries will go on till December 12, according to an office notice
The Finance Ministry on Friday said the CSO has underestimated GDP growth rate for current financial year and exuded the confidence that economic expansion will exceed 5.5 per cent.
The bank also issued 234 LoUs worth Rs 1,880 crore to another group of companies promoted by Mehul Choksi in 2015 and 2016
An announcement has barred the entry of journalists in the finance ministry.
Economy showing mixed signals, outlook challenging: FinMin
The appointment comes at a time when the ministry is struggling to rein in the fiscal deficit at the targeted level of 5.3 per cent of gross domestic product for the current financial year.
The rank of COO is the latest in a series of decisions that met with internal resistance at Mint Road and now North Block.
Finmin wants higher advance tax from India Inc, interim dividend from PSUs.
The report highlights the country's good growth prospects fuelled by ongoing economic liberalisation and strong domestic demand.
A slew of challenges that are yet to be resolved include the lack of consensus between the Centre and states over the GST exemption threshold limit, dual control over scrutiny and assessment
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.
A day before taking charge, Finance Minister Pranab Mukherjee on Sunday met senior officials of the ministry to discuss issues related to the economy.
On the back of strong foreign investor flows, the stock market barometer BSE Sensex today jumped more than 1 per cent to log new lifetime high, while the rupee appreciated 24 paise to trade at 60.65 against the US dollar.
Experts believe scrapping some projects is likely to bring some stability in road sector.
Clever wordplay does not change the fact that the government is going pretty easy on some tax offenders, says Arup Roychoudhury.
Irani's deputy in the I&B ministry Rajyavardhan Singh Rathore has been given the charge of the key portfolio.
The Finance Ministry on Monday sought to assure the investors that the country's fundamentals are "very strong" even as the rupee slipped to below 63 to a US dollar and the BSE Sensex plunged by over 426 points on global cues, following currency crisis in Argentina.
Finance Ministry is expecting a rating upgrade by credit agencies by the year-end on the back of policy initiatives.
The finance ministry on Friday informed a parliamentary committee that smuggling of fake currency has totally stopped post demonetisation and the tax department has seized Rs 515 crore in cash, including Rs 114 crore of new currency notes, up to January 10.
Chidambaram to meet revenue boards on how to get much more and quickly; special audits and notices among measures likely.
Arun Jaitley has advised banks to take decisions without fear.
IMF projected India's economic growth at 4.25% in 2013-14.
If warranted they can initiate criminal proceedings including filing of FIR, a Finance Ministry official said.
The Finance Ministry on Wednesday described the sharp fall in the value of the rupee as a reflection of "irrational sentiment" and said there is no need for panic.
It further said that the loan application form should be suitably modified to incorporate passport details of borrowers.
The printing of Rs 2000 notes has been substantially reduced. It has been decided to limit the printing of 2000 currency notes to minimum. This is nothing new, a FinMin official said.
The move is a part of an exercise to streamline taxation structure and improve the country's image as an investment destination
With the finance ministry facing the risk of missing its tax collection target this year, it has turned down a proposal to reduce duties on petroleum products to reduce the impact of rising crude prices on profitability of oil companies.
With rupee plunging to life-time low of 57.54 verus dollar, the Finance Ministry on Monday said there is an unwarranted panic in the market and hoped it will settle down in a some time.
Sebi said it was closely monitoring the situation at the NSE following the disruption of trading due to technical issues.
For the current financial year, NHAI will receive Rs 8,500 crore (Rs 85 billion) as its share of road cess and its annuity payments are in the same range.
The central bank said its board of directors had approved the broad contours of the proposals.
The proposals, to be based on the recommendations of the Shome panel, are likely to be introduced in the Finance Bill to be presented by Finance Minister P Chidambaram in the Budget for 2012-13.
The finance ministry has already raised the fiscal deficit target to a more acceptable level of 5.3 per cent.
Amid concerns raised by RBI over its autonomy, the central bank has for the first time sought the Finance Ministry's nod for wage revision in the apex bank.
The economy has been on high growth trajectory, but it should translate into generation of adequate jobs to make the growth story inclusive, Minister of State for Finance P K Bansal said on Wednesday.
The Reserve Bank of India (RBI) has urged Finance Minister Pranab Mukherjee to allow the Securities and Insurance Laws (Amendment and Validation) Ordinance 2010 to lapse, since it could affect the autonomy of all regulators, including the central bank.
The accounting system of the central and state governments may change considerably, with a high-level committee suggesting sweeping changes in how expenditure is classified in Budget documents.
Traditionally, the Budget making exercise begins from mid-October.
Asked about the Congress's opposition to the GST Bill, Santosh Kumar Gangwar said no party opposes GST outside Parliament.
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