Ministry of Finance India, ADB sign $125 million loan to improve water supply and sanitation in Uttarakhand Posted On: 07 DEC 2021 4:58PM by PIB Delhi The Government of India and the Asian Development Bank (ADB) today signed a $125 million loan to improve access to safe and affordable drinking water supply and citywide inclusive…
Undisclosed credits of Rs. 20,353 crore detected with respect to 930 India linked entities in Panama and Paradise Paper Leaks
Ministry of Finance Undisclosed credits of Rs. 20,353 crore detected with respect to 930 India linked entities in Panama and Paradise Paper Leaks Posted On: 07 DEC 2021 5:40PM by PIB Delhi As on 01.10.2021, total undisclosed credits amounting to Rs. 20,353 crore have been detected with respect to 930 India linked entities in the…
Measures taken by Government to keep inflation under control
Ministry of Finance Measures taken by Government to keep inflation under control Posted On: 07 DEC 2021 5:42PM by PIB Delhi The Government has taken various measures to keep inflation under control. This was stated by Union Minister of State for Finance Shri Pankaj Chaudhary in a written reply to a question in Rajya Sabha…
Income Tax Department conducts search operations in West Bengal
Ministry of Finance Income Tax Department conducts search operations in West Bengal Posted On: 06 DEC 2021 11:34AM by PIB Delhi The Income Tax Department initiated a search and seizure operation on a prominent Kolkata-based Group, engaged in manufacturing of TMT Bars and structural construction materials etc. on 01.12.2021. The search action covered more than 20 premises spread…
Income Tax Department conducts search operations in Delhi
Ministry of Finance Income Tax Department conducts search operations in Delhi Posted On: 06 DEC 2021 11:37AM by PIB Delhi The Income Tax Department initiated search action on 24.11.2021 on a taxpayer in Delhi who has created a beneficiary trust and an underlying company in low tax overseas jurisdiction. The residence and business premises of the assessee…
Scheduled Commercial Banks recover Rs 90 crore from financial frauds in last 5 years
Ministry of Finance Scheduled Commercial Banks recover Rs 90 crore from financial frauds in last 5 years Posted On: 06 DEC 2021 5:29PM by PIB Delhi The Reserve Bank of India (RBI) has launched the ‘RBI Retail Direct Scheme' and ‘Integrated Ombudsman Scheme, 2021’. This was stated by Union Minister of State for Finance…
Finance Minister Smt. Nirmala Sitharaman’s meeting with Chief Ministers and Finance Ministers of States/Lt. Governors of UTs to discuss overall investment climate
Ministry of Finance Finance Minister Smt. Nirmala Sitharaman’s meeting with Chief Ministers and Finance Ministers of States/Lt. Governors of UTs to discuss overall investment climate Posted On: 06 DEC 2021 5:36PM by PIB Delhi With a view to enhance the investment climate in the country post pandemic, Union Finance & Corporate Affairs Minister Smt. Nirmala…
Strategic disinvestment of Air India and its identified subsidiaries/JVs
Ministry of Finance Strategic disinvestment of Air India and its identified subsidiaries/JVs Posted On: 06 DEC 2021 5:41PM by PIB Delhi on account of huge accumulated debt of Air India, Government followed Enterprise Value (EV) bidding approach for strategic disinvestment of Air India and its identified subsidiaries/JVs (100% shareholding in AIXL and 50% shareholding…
Digital payments increased over last 3 financial years
Ministry of Finance Digital payments increased over last 3 financial years Posted On: 06 DEC 2021 5:49PM by PIB Delhi As apprised by Ministry of Electronics and Information Technology (MeitY), Digital India Programme has made a significant and positive impact in the lives of common citizen in the country. This was stated by Union Minister…
Union Budget 21-22 provided capital outlay of Rs. 5.54 lakh crore, an increase of 34.5% over Budget Estimate of FY 2020-21, to boast economy after COVID-19 pandemic
Ministry of Finance Union Budget 21-22 provided capital outlay of Rs. 5.54 lakh crore, an increase of 34.5% over Budget Estimate of FY 2020-21, to boast economy after COVID-19 pandemic Posted On: 06 DEC 2021 6:08PM by PIB Delhi To initiate infrastructure development to boost the economy after COVID-19 pandemic, Union Budget 2021-22 has provided…