Page-4 of Finance Ministry

Index of Eight Core Industries – June 2019

August 1, 2019

The government has released the data of the Index of Eight Core Industries for June 2019. The monthly Index of Eight Core Industries (ICI) is a production volume index published to provide an advance estimate of the production performance by ..

PSU banks to bring down govt equity to 52%

January 16, 2019

The Finance Ministry has asked the public sector banks to gradually reduce the government’s equity to 52 per cent. Currently, some of the public sector banks have government’s holding beyond 75 per cent. Why the disinvestment? The decision to bring ..

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Government to release Rs 75 commemorative coin to mark 75th anniversary of Tricolour hoisting by Bose

November 14, 2018

Union Ministry of Finance has announced to release Rs 75 commemorative coin on occasion of 75th anniversary of hoisting of Tricolour for first time by Netaji Subhash Chandra Bose at Cellular Jail, Port Blair on December 30, 1943. Earlier on ..

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Finance Ministry launches web portal to grant loans to MSMEs within hour

September 26, 2018

Union Finance Minister Arun Jaitley launched portal www.psbloansin59minutes.com to enable micro, small and medium enterprises (MSMEs) to get in-principle approval of loans within hour without need for branch visit. The web portal will enable in principle approval for MSME loans ..

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Government doubles monetary limit for filing cases in DRT

September 8, 2018

 Union Finance Ministry has doubled pecuniary limit to Rs. 20 lakh from Rs.10 lakh for filing loan recovery application in Debt Recovery Tribunals (DRT) by banks and financial institutions. It means that bank or financial institution or consortium of banks ..

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Government to infuse Rs 11,336 crore capital in 5 public sector banks by September-end

July 19, 2018

Union Finance Ministry is planning to infuse additional capital close to Rs 11,336 crore in 5 more public sector banks (PSBs) by September 2018-end. These five state-owned banks are Punjab National Bank (PNB), Corporation Bank, Andhra Bank, Allahabad Bank and ..

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