Tag Archives: Finance Ministry

NRIs, Indians Abroad to show Old Notes to Customs at Airport

old-notes

The Finance Ministry today declared that the NRIs and Indian Nationals abroad can deposit up to Rs 25,000 of old Rs. 1000 and Rs. 500 notes, if they show the junked notes to Customs officials at the airport and get declaration form stamped. The Government has offered a grace period of three months for IndianContinue Reading…

Economic Survey pegs growth at 7-7.5 percent for 2016-17

Economic Survey

New Delhi, Feb 26: The Economic Survey for 2015-16 tabled in parliament on Friday pegged India’s growth for the next fiscal at 7-7.5 percent. For the current fiscal, the survey estimated the GDP growth at 7.6 percent. Authored by Chief Economic Advisor in the Finance Ministry Arvind Subramanian, the survey said: “India’s long run potentialContinue Reading…

Japan posts $5 billion trade deficit in January

Japan Trade Deficit

Tokyo, Feb 18: Japan posted a goods trade deficit of 645 billion yen (about $5 billion) in January on weak exports amid poor economic situation around the world, the government said on Thursday. The finance ministry said that the value of exports fell 12.9 percent year-on-year to about $46 billion, marking the fourth straight month ofContinue Reading…

Assocham urges women-friendly budget to help them join workforce

Assocham

New Delhi, Feb 8: Business chamber Assocham said on Sunday it has suggested the government should hike the children’s education allowance and offer tax exemptions to creche facilities in the union budget for 2016-17 to encourage more women join the workforce. “To encourage more women in the workforce, it is desirable that a specific provision beContinue Reading…

India logs 7.4 percent growth in Q2, government says happy news

Arun Jaitley

New Delhi, Dec 1: The Indian economy grew 7.4 percent in the second quarter ended September, showing some improvement over the 7 percent expansion in the quarter before but a notch lower than the 8.4 percent in the same quarter of the last fiscal. The government welcomed the figures, saying they held out hope forContinue Reading…

Highlights of 7th Pay Commission recommendations

7th Pay Commission-1

New Delhi, Nov 19: The 7th Pay Commission on Thursday recommended a 16-percent salary hike for government servants with an estimated 47 lakh serving central government employees and 52 lakh pensioners expected to benefit from the recommendations. Following are some of the highlights: . A 16-percent salary hike recommended . A 24-percent hike in pension, besidesContinue Reading…

Central Govt approves FDI Proposals worth Rs.1,810.25 crore

FDI proposals

New Delhi, Nov 18: The central government on Wednesday approved six foreign direct investment (FDI) proposals amounting to Rs.1,810.25 crore. As per the finance ministry, the approval for the six FDI proposal were based on the recommendations given by the Foreign Investment Promotion Board (FIPB). “Based on the recommendations of FIPB, the government has approvedContinue Reading…

Modi launches Three Gold-related Schemes

Gold Coin

New Delhi, Nov 5: Prime Minister Narendra Modi on Thursday launched three gold-related schemes, including a coin engraved with the images of national emblem Ashok Chakra and Mahatma Gandhi on its two sides, in a bid to put some 20,000 tonnes of idle gold into productive use. The other two schemes launched here are theContinue Reading…

Modi to launch Four Gold Schemes on November 5

gold scheme

New Delhi, Nov 4: Prime Minister Narendra Modi will launch four gold related schemes on Thursday, an official statement said. Modi will launch the Gold Monetisation Scheme, Gold Sovereign Bond Scheme, Gold Coin Scheme and Gold Bullion Scheme, a finance ministry statement said. According to the statement, the gold monetisation scheme will replace the existingContinue Reading…

Nod to 16 FDI proposals worth Rs.4,722 Crore

FDI proposals

New Delhi, Oct 30: The government on thursday approved 16 FDI investment proposals amounting to Rs.4,722 crore, an official statement said. “The FDI proposals were cleared based on the recommendations of the Foreign Investment Promotion Board (FIPB) in a meeting held on September 29,” said a finance ministry statement. Of the 16 approved proposals, HDFCContinue Reading…


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