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Finance Ministry

CEA Arvind Subramanian quits, to head back to US for research, writing

Odisha News Insight Jun 20, 2018 0

Chief Economic Advisor Arvind Subramanian, who succeeded the high-profile Raghuram Rajan in the Finance Ministry in 2014, has quit the government with plans to go back to the US for research and writing. The news about Subramanian…

News & Views

GST refund drive extended till June 16

Odisha News Insight Jun 12, 2018 0

The Government on Tuesday extended the special fortnight-long drive to process pending GST refunds by two more days till June 16. It said that refunds worth over Rs 7,500 crore were already sanctioned as a part of this drive till now…

News & Views

Arun Jaitley back home after Kidney transplant

Odisha News Insight Jun 4, 2018 0

Union Minister Arun Jaitley returned home on Monday after being discharged from the AIIMS where he underwent a successful kidney transplant surgery last month. "Delighted to be back at home. My gratitude to the doctors, nursing officers…

News & Views

PNB Fraud: Finance Ministry initiates action against Allahabad Bank CEO

Odisha News Insight May 14, 2018 0

The Finance Ministry on Monday started the process of removing Allahabad Bank CEO and MD Usha Ananthasubramanian from her post after the CBI filed a chargesheet detailing her alleged role in the over Rs 13,000-crore Punjab National Bank…

Government

Deadline for linking of Aadhaar with PAN extended to March 31

Odisha News Insight Dec 8, 2017 0

ONI Bureau: The Central Board of Direct Taxes (CBDT) has extended the date to link Aadhaar to Permanent Account Number (PAN) to March 31, 2018 from the previous deadline of December 31, 2017. It has come to notice that some of the…

News Bulletin

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

Odisha News Insight Jan 2, 2017 0

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.…

Business

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

Odisha News Insight Feb 26, 2016 0

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…

Business

Japan posts $5 billion trade deficit in January

Odisha News Insight Feb 18, 2016 0

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…

Business

Assocham urges women-friendly budget to help them join workforce

Odisha News Insight Feb 8, 2016 0

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…

Business

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

Odisha News Insight Dec 1, 2015 0

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…

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