Tweaks In Super Rich Cess Expected As PMO, Finance Ministry Meet To Discuss Impact

Tweaks In Super Rich Cess Expected As PMO, Finance Ministry Meet To Discuss Impact

In the Budget 2019, Finance Minister Nirmala Sitharaman had proposed a higher surcharge on those earning over Rs 2 crore. Since the tax implications cover individuals or HUF or association of persons or body of individuals (domestic or foreign), the...
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Finance Ministry starts groundwork for fresh bank consolidation

Finance Ministry starts groundwork for fresh bank consolidation

The next wave of bank consolidation is planned during the October-December quarter of the current fiscal with the Finance Ministry starting to seek information from PSBs on possible targets for amalgamation/mergers and acquisitions with justification on how su...
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Finance ministry may provide capital support for merger of PSU banks

Finance ministry may provide capital support for merger of PSU banks

The finance ministry is open to providing capital support for facilitating consolidation among state-owned banks, which are reeling under mounting bad loans, official sources said. The Union cabinet has approved the setting up of an alternative mechanism, or a...
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Subhash Garg takes charge as economic affairs secretary in finance ministry

Subhash Garg takes charge as economic affairs secretary in finance ministry

Senior bureaucrat Subhash Chandra Garg today assumed charge as secretary of the Department of Economic Affairs (DEA) in the finance ministry. A 1983 batch IAS officer, from the Rajasthan cadre, Garg was World Bank executive director for Bangladesh, Bhutan, Ind...
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Finance Ministry Seeks Report On NSE Trading Glitch

Finance Ministry Seeks Report On NSE Trading Glitch

New Delhi: The finance ministry on Monday sought a report from Sebi on the technical glitch in the National Stock Exchange’s system that had led to trading disruptions. Sources at the ministry said it was a technical problem that led...
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All Government Schemes To Have Sunset Clause: Finance Ministry

All Government Schemes To Have Sunset Clause: Finance Ministry

New Delhi: All government schemes should have a sunset clause and must be co-terminus with the tenure of Finance Commission, which is constituted every five years, the Finance Ministry said on Monday. In a communication to various departments and ministries,.....
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