KEY HIGHLIGHTS ü  Rs 40,000 crore  increase in allocation for MGNREGS to provide employment boostü  Increased investments in Public Health and other health reforms to prepare India for future pandemicsü  Technology Driven Education...

KEY HIGHLIGHTSü Commercial Mining introduced in Coal Sectorü Diversified Opportunities in Coal Sectorü Liberalised Regime in Coal Sectorü Enhancing Private Investments and Policy Reforms in  Mineral Sectorü Enhancing Self Reliance in Defence Productionü...

• Rs 10,000 crore scheme for formalisation of Micro Food Enterprises (MFE)• Rs 20,000 crore for Fishermen through Pradhan Mantri Matsya Sampada Yojana (PMMSY)• National Animal Disease Control Programme• Setting up of Animal Husbandry Infrastructure Development...

• Technology system to be used enabling Migrants to access PDS(Ration) from any Fair Price Shops in India by March,2021-One Nation one Ration Card• Scheme for Affordable Rental Housing Complexes for Migrant Workers and Urban Poor to be launched• 2% Interest...

Rs 3 lakh crore Emergency Working Capital Facility for Businesses, including MSMEsRs 20,000 crore Subordinate Debt for Stressed MSMEsRs 50,000 crore equity infusion through MSME Fund of FundsNew Definition of MSME and other Measures for MSMENo Global tenders...

Union Minister for Finance & Corporate Affairs Nirmala Sitaraman launched INR-USD Futures and Options contracts on the two International Exchanges, viz BSE’s India INX and NSE’s NSE-IFSC, at GIFT International Financial Services Centre at Gandhinagar today...

The Task Force on National Infrastructure Pipeline (NIP) submitted its Final Report on NIP for FY 2019-25 to the Union Minister for Finance & Corporate Affairs Smt. Nirmala Sitharaman here today. The Summary Report of the Task Force on National Infrastructure...

Union Minister for Finance & Corporate Affairs, Nirmala Sitharaman participated in the virtual session of the 2nd G20 Finance Ministers and Central Bank Governors (FMCBG) meeting under the Saudi Arabian Presidency today, to discuss the global economic...

The Union Finance & Corporate Affairs Minister Niramla Sitharaman today announced Rs 1.70 Lakh Crore relief package under Pradhan Mantri Garib Kalyan Yojana for the poor to help them fight the battle against Corona Virus. While addressing the press conference...

The Union Finance & Corporate Affairs Minister Niramla Sitharaman today announced several important relief measures taken by the Government of India in view of COVID-19 outbreak, especially on statutory and regulatory compliance matters related to several...

The Government has revolutionized the technology driven Public Finance Management System (PFMS) that has silently empowered India to be accountable , responsive and transparent. Smt. Sitharaman said this while addressing inaugural session at the 44th Civil...

In a meeting held yesterday chaired by Nitin Gadkari, Minister of MSME, and Nirmala Sitharaman, Finance Minister with senior management of all Banks, some of the key schemes of Ministry of MSME which generate large number of jobs with low capital investment...

Union Minister for Finance & Corporate Affairs Nirmala Sitharaman today unveiled EASE 3.0, the Public Sector Bank (PSB) Reforms Agenda 2020-21 for smart, tech-enabled banking, and the PSB EASE Reforms Annual Report 2019-20 here today.Finance Minister ...

The Union Minister for Finance & Corporate Affairs, Nirmala Sitharaman, has said that entrepreneurship has always been the strength of India and our young men and women have been contributing to India’s growth with their entrepreneurial skills. She was...

The Halwa ceremony, marking the commencement of Budget printing process for Union General Budget 2020-21, was held here in North Block today morning in the presence of the Union Finance & Corporate Affairs Minister Nirmala Sitharaman.Union General Budget...

To achieve the GDP of $5 trillion by 2024-25, India needs to spend about $1.4 trillion (Rs. 100 lakh crore) over these years on infrastructure. In the past decade (FY 2008-17), India invested about $1.1 trillion on infrastructure. The challenge is to step-up...

Union Minister for Finance and Corporate Affairs Nirmala Sitharaman formally released a postage stamp to commemorate the distinguished service and glorious contribution by the Directorate of Revenue Intelligence (DRI) in protecting the nation.After releasing...

Union Minister of Finance & Corporate Affairs Nirmala Sitharaman held her 9th Pre-Budget Consultation meeting with the leading representatives from Water and Sanitation sectors here today in connection with the forthcoming General Budget 2020-21.Along...

Union Minister of Finance & Corporate Affairs Smt. NirmalaSitharaman held her 8th Pre-Budget Consultation Meeting with the leading Economists here today in connection with the forthcoming General Budget 2020-21.The main focus areas of the discussions included...

Union Minister for Finance & Corporate Affairs, Nirmala Sitharaman held her 6th Pre-Budget Consultation with leading Industrialists here today in connection with the forthcoming General Budget 2020-21.Along with the Union Finance Minister, the meeting...

Union Minister for Finance & Corporate Affairs, Nirmala Sitharaman held her 5th Pre-Budget Consultation with the representatives of various Trade Unions and Labour Organisations here today in connection with the forthcoming General Budget 2020-21.During...

The Union Minister of Finance & Corporate Affairs, Nirmala Sitharaman held her second Pre- Budget Consultation meeting with the stakeholders from Financial Sector and Capital Markets in connection with the forthcoming General Budget 2020-21 here today.The...

The Union Minister of Finance & Corporate Affairs, Nirmala Sitharaman, started her Pre-Budget Consultations with different stakeholder Groups in connection with the forthcoming General Budget 2020-21 here today. Her first meeting was with the stakeholder...

Union Minister for Finance & Corporate Affairs Nirmala Sitharaman presided over the Passing out ceremony of the 69th (2017) Batch of Indian Revenue Service (Customs &  Central Excise) Officers at the campus o National Academy of Customs, Indirect...

The 21st Meeting of the Financial Stability and Development Council (FSDC) was held here today under the Chairmanship of the Union Minister for Finance & Corporate Affairs Nirmala Sitharaman.The meeting was attended by Shri Shaktikanta Das, Governor,...

Union Minister of Finance and Corporate Affairs, Nirmala Sitharaman today unveiled two new IT initiatives – ICEDASH and ATITHI – for improved monitoring and pace of Customs clearance of imported goods and facilitating arriving international passengers by electronic...

The Union Minister for Finance & Corporate Affairs Nirmala Sitharaman released a special commemorative coin on Paramahansa Yogananda to mark his 125th birth anniversary here today .Speaking on the occasion, the Finance Minister said this moment is big...

The President of India, Ram Nath Kovind, presented first National Corporate Social Responsibility (CSR) Awards to selected companies here today. The President conferred national awards to winning companies in two categories namely, “Corporate Award for Excellence...

Punjab Finance Minister Manpreet Singh Badal Tuesday met the Union Finance Minister Nirmala Sitharaman and sought the early release of GST arrears, which are due to the state. Mr. Badal stated that the release of Punjab’s share was crucial, since its delay...

Union Finance Minister Nirmala Sitharaman led the Indian delegation to the Annual Meetings Plenary session of the International Monetary Fund (IMF) and the World Bank Group held in Washington DC yesterday . She also attended the Working Lunch Session of the...

Union Minister for Finance & Corporate Affairs , Nirmala Sitharaman, led the Indian delegation at G20 Finance Ministers and Central Bank Governors as well as the BRICS Finance Ministers and Central Bank Governors meetings held in Washington D.C yesterday....

Union Minister for Finance & Corporate Affairs Nirmala Sitharaman reviewed the performance of Public Sector Banks (PSBs) here today in a meeting with bank chief executives. Credit and implementation of measures announced to support economic growth were...

Minister of Petroleum and Natural Gas &Steel Dharmendra Pradhan has called for inclusion of petroleum products under GST regime. Speaking at third India Energy Forum by CERAWeek in New Delhi today, he appealed to the union finance ministerto take this up...

Union Minister for Finance & Corporate Affairs Nirmala Sitharaman,  administered the ‘Swachhata Pledge’ here today to the officials of the Ministry of Finance,  reaffirming commitment of the Government and Ministry of Finance employees to be...

Union Minister for Finance & Corporate Affairs Nirmala Sitharaman met here today  the top brass of the Maharatna and Navratna Central Public Sector Enterprises (CPSEs) to review their capital expenditure till date and plans for the next two quarters...

Industries Minister Bikram Singh attended the 37th Meeting of Goods and Services Tax (GST) Council held at Goa, today.Union Finance Minister Nirmala Sitharaman presided over the meeting in which Industries Minister while expressing his views said that geographical...

Nirmala Sitharaman, Union Minister of Finance & Corporate Affairs reviewed the performance of the banks, here, today in a meeting with the top management of Public Sector Banks.Today, FM reviewed at length the implementation of series of measures, following...

Union Finance & Corporate AffairsMinister Nirmala Sitharaman handed over 12th Century Buddha statue, which was stolen 57 years ago and finally traced at an auction in the United Kingdom (UK), to Shri Prahlad Singh Patel, Union Minister of State (IC) of...

The Steering Committee on Fintech related issues constituted by the Ministry of Finance, Department of Economic Affairs, today submitted its Final Report to Union Finance & Corporate Affairs Minister  Nirmala Sitharaman in her office in New Delhi.The...

Responding to India Inc’s calls for measures to curb “tax terrorism”, Finance Minister Nirmala Sitharaman on Friday said that tax authorities do not have to overreach as the tax targets set in the Budget are well within achievable limits.Sitharaman said that she...

Finance Minister Nirmala Sitharaman on Friday said that tax authorities do not have to overreach or harass as the tax targets set in the Budget are well within achievable limits.The minister’s assertions came at a meeting here in which she announced a slew of...

The central government seems to be adamant on implementing the latest taxation surcharge on the super-rich category which has driven-out foreign fund worth over Rs 15,000 crore in the last one month.Proposed in the Union Budget on July 5, the higher tax...

Chief Minister Jai Ram Thakur while addressing the conclave of the Himalayan States at Mussoorie in Uttarakhand on Sunday advocated for formulating a holistic, inclusive and  consistent development policy for sustainable development of Himalayan states...

Union Finance Minister Nirmala Sitharaman on Sunday assured all support for the overall development of the Himalayan states and consider all their vital issues.Addressing a Himalayan conclave of the 10 Himalayan states at the hill resort of Mussoorie, Sitharaman...

The Union Minister of Finance & Corporate Affairs Nirmala Sitharaman exhorted the Income Tax officers to be prompt in redressing the grievances of the tax payers and expand the tax base in a non-intrusive manner. Addressing officers at the Income Tax...

Finance Minister Nirmala Sitharaman on Saturday said the tax on the super rich is a small expectation from them to contribute a little more for the poor.She was here to inaugurate the International Business Conference of Nagarathars organised by the Nagarathar...

Finance Minister Nirmala Sitharaman has said that the tax proposals in the Union Budget for FY20 on fossil fuels and electric cars must push people to avoid polluting fuels and adopt either electric vehicles or public transport.Sitharaman in an interaction with...

The Finance Ministry has sent out informative guide on various indirect tax proposals in the Union Budget to senior field officers for implementation.In a letter to Principal Chief Commissioner, Chief Commissioner and Principal Commissioner, the revenue...

The Union Budget maintained the governments stance of fiscal prudence and continued focus on infrastructure creation.The budget, presented on Friday, has provided impetus to the banking sector with recapitalization of PSU banks to the tune of Rs 700 billion...

The Union Budget, presented by Finance Minister Nirmala Sitharaman on Friday, has laid down a roadmap for the National Education Policy (NEP), which is currently in its draft form. Prepared by a panel headed by eminent space scientist K Kasturirangan, the...

The first Budget of Modi 2.0 government has laid huge emphasis on investment and consumption to realise the dream of 'New India' making it a $ 5 trillion economy in the next few years, but mobilising funds remains a challenge for it in the wake of global...

Post a thumping victory in the general elections, the government has laid out a clear road map to make India a $5 trillion economy in the next few years. Finance Minister Nirmala Seetharaman in her maiden Budget address has identified five key areas that...

Technology firms on Friday welcomed the move to levy two per cent tax deduction at source (TDS) on cash withdrawal exceeding Rs 1 crore in a year from a bank account, while small businesses warned it would have an adverse impact on the economy.Delivering her maiden...

The Indian start-ups and investors' community on Friday welcomed the government's decision to ease angel tax regulations and the introduction of e-verification process for them when they raise funds.In a relief for the start-ups community, Finance Minister...

Union Finance Minister Nirmala Sitharaman's proposal to slap a 5 per cent customs duty on imported books in order to encourage the domestic publishing industry has not gone down well with book lovers, while publishers feel the government could help the publishing...

Saying that the Stand-Up India scheme has delivered enormous benefits since its launch in 2016, Finance Minister Nirmala Sitharaman on Friday said that the scheme would be continued for the entire period coinciding with the 15th Finance Commission period of...

Coming to the rescue of businesses struggling due to unresolved issues pertaining to pre-Goods and Services Tax (GST) regime and the delay in payments of Medium and Small Enterprises (MSMEs), the Buget on Friday announced a Legacy Dispute Resolution Scheme...

Finance Minister Nirmala Sitharaman on Friday announced that public sector banks will be provided with a recapitalisation of Rs 70,000 crore to support lendings."PSU bank recapitalisation should make bank lending easy. Rs 70,000 crore PSU bank recap addresses...

The government on Friday lowered the fiscal deficit target for 2019-20 to 3.3 per cent of the gross domestic product in the Union Budget.The government has also laid out an aggressive disinvestment programme to augment non-tax revenue collections. The net...

Experts in the education sector have hailed the announcement of "Study in India" programme by Finance Minister Nirmala Sitharaman to attract foreign students in the country. They also believe that the country has potential to become an education hub."We are...