The government, however, did not provide details of persons or outfits whose bank accounts were frozen for suspected terror links.
As part of the long-standing ritual, the sweet dish is prepared in a large vessel and consumed by a large number of official and support staff who are required to stay in the North Block office till the presentation of the Budget, which is February 28 this year.
Committing to more steps to boost economy, the Finance Ministry said initiatives taken by the government in the past one year will boost investment and revive the sagging growth.
The ministry of urban development has asked the finance ministry to lower the duty in order to promote the public transportation system in the country.
The first notice in the transaction relating to the sale of 67 per cent stake of Hutchison Essar Ltd was issued on March 15, 2007, under section 133(6) of the Income Tax Act.
Currently investment of up to Rs 1.50 lakh in PPF is exempt from the Income Tax Act under 80C.
The Finance Ministry on Wednesday hinted that stimulus packages given to the industry may be rolled back, saying too much stimulus could be injurious when the economy is on a revival mode.
The step had been taken to lend the required 'authenticity' to electronic communications.
The final decision on the proposal rests with the Union Cabinet, chaired by Prime Minister Manmohan Singh.
Agarwal's relationship with the finance ministry has been choppy, particularly after P Chidambaram.
This is the first hike in about a decade, signaling a recovery.
The department has proposed to pool prices of imported and domestically produced natural gas.
The finance ministry has constituted a working group to recommend changes in the existing policies on FII inflows and participatory notes, with a view to attract more foreign portfolio investments.
A task force formed by Prime Minister Manmohan Singh on Thursday discussed steps to enhance credit to MSMEs, which contribute 45 per cent to the country's industrial production.
SAIL on Friday said the finance ministry has given its in-principle approval for 20 per cent disinvestment of the steel giant.
"It was a good long meeting with the governor. He met the finance minister. He reviewed the situation. Rest, wait for the policy," finance secretary Ashok Chawla told reporters.
Citing national security and confidentiality clauses, the Finance Ministry has declined to disclose information on exchange of correspondence among India, Swiss and German authorities in connection with the black money probe.
The High-Powered Expert Committee report sounds impatient on various issues like capital account convertibility.
The government on Monday said there was "tremendous" need for consolidation to enable banks gain financial muscle and absorb risks in the years to come.\n
The Union finance ministry is in favour of increasing non-promoter shareholding in listed companies to 25 per cent of the equity base in a phased manner, so that the number of shares available for trading increases, said Finance Secretary Ashok Chawla.
The telecom ministry has referred the matter of number of 3G spectrum slots in each circle to the Finance Ministry.
While the FIPB has sought more transparency on whether the rules concerning effective control would be followed once the deal fructifies, the Finance Ministry has also written to Sebi for a report on the Jet-Etihad deal, official sources said Wednesday.
The finance ministry on Thursday exuded confidence of a high growth prospect and lower fiscal deficit during 2005-06 but indicated that there was no reason to be complacent on the price front.
For 2011-12, there were 7,56,741 foreign remittances made from India with money worth Rs 3,56,461 crore (Rs 3,564.61 billion) going out of India
The finance ministry appears to have ruled out subsidising Employees Provident Fund Organisation, despite the labour ministry struggling to bridge the Rs 927 crore (Rs 9.27 billion) deficit to pay 9.5 per cent interest to about Rs 4 crore (40 million
A parliamentary committee has pulled up the finance ministry for not adhering to Fiscal Responsibility and Budget Management Act in cutting revenue deficit by 0.5 per cent of GDP for 2005-06 saying there should not be deviations every now and then.
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.
Government will continue to pursue policies to ensure double-digit growth in the coming years while inflation is likely to remain below 5.0 per cent till March end
The Employees Provident Fund Organisation's apex decision making body, the Central Board of Trustee on February 25 had decided to pay 8.5 per cent rate of interest to subscribers for 2012-13.
SBI-led consortium of 17 banks had a total exposure of about Rs 6,500 cr to Kingfisher Airlines.
The officials, sources said, will impress upon rating agencies the resolve of the government to follow the path of financial prudence and bring down the fiscal deficit to 3 per cent by 2016-17.
Letter to corporate affairs ministry cites slowing economy, capital challenges.
Finance ministry gives bank boards the flexibility to decide whether the stipulated tenure of rural/semi-urban experience should be continuous or in parts.
However, the finance ministry is hopeful of keeping its fiscal deficit under control.
Headline inflation, as measured by the wholesale price index, was 9.7 per cent in March, 8.7 per cent in April and 9.1 per cent in the following month.
Looks at sovereign funds and Fortune 500 firms.
The tax department has released the software for preparing the Income Tax Return forms -- ITR 1-Sahaj, ITR 2, 2A and 4S-Sugam
Finance ministry officials said the issue had been raised several times before, but this time it was serious in the wake of huge differential between the two fuel options.
Economy grew by 8.6 per cent in 2010-11.
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