Bank ATMs Starts Dispensing of Rs 500 Instead of Rs 2,000
Dispensing of Rs 500 notes more than Rs 2,000 have started by the bank, a gradual move seen phasing out of high denomination currency note....
Tag : Finance ministry
FM Declines to Share Swiss Bank Accounts Details of Indians
The Finance Ministry has declined to share Swiss bank accounts details of Indians saying it is covered under ‘confidentiality provisions’ of a tax treaty signed...
FM Seeks Parliamentary Nod to Recapitalising Insurance Firms
Nirmala Sitharaman Finance Minister has sought approval from Parliament for recapitalising of insurance companies which state-owned with Rs 2,500 crores in this financial year. This...
No Charges on Digital Payments to Large Business from 1 Nov
An establishment having large businesses of an annual turnover of more than Rs 50 crore will have mandatorily offer an electronic mode of payments to...
Finance Ministry Sacks 22 More CBIC on Corruption Charges
The Finance Ministry has forced another 22 senior Central Board of Indirect Taxes and Customs (CBIC) officials, facing corruption charges, to retire, sources said. The...
IRCTC to Restore Service Charge On E-tickets
E-tickets bought through IRCTC will get more costly as the Indian Railways has decided to restore service fee charges, almost three years after they were...
Finance Ministry to Issue Norms For NBFC Asset Buy Scheme
The Department of Financial Services (DFS) will issue the norms for the one-time partial credit guarantee scheme for public sector banks (PSBs) to purchase high-rated...
GST Rate on EVs Cut From 12% to 5%
On Saturday, the GST Council decided to reduce the tax rate on electric vehicles (EVs) to 5 per cent from the existing 12 per cent....
Government Hikes Import Duty On 17 More Items
According to a finance ministry notification released on Thursday night (11/10/2018), the government has increased the import duty on 17 items to up to 20...
Vijaya Bank’s Board Of Directors Approves The Merger
The boards of state-run Vijaya Bank on Saturday granted in-principle approvals for their amalgamation with other lenders, Bank of Baroda (BoB) and Dena Bank, a...