Page-9 of Topic: Ministry of Finance

Union Government appoints M J Joseph as Controller General of Accounts

Union Ministry of Finance has appointed M J Joseph as the Controller General of Accounts (CGA). He will succeed Jawahar Thakur, who was recently appointed as OSD (Accounting...

May 16, 2015

Government makes PAN mandatory for central excise registration

Union Government has made Permanent Account Number (PAN) mandatory for private firms seeking central excise registration. As per the new rules, the PAN registration will now be given...

May 5, 2015

Union Government and RBI sign agreement to keep inflation below 6%

Union Government and the Reserve Bank of India (RBI) have signed an agreement on Monetary Policy Framework in order to move towards the RBI Governor Raghuram Rajan’s view...

March 3, 2015

Finance Ministry planning to double the Banks’ commission for DBT scheme from 1% to 2%

Finance Ministry is in the final stages of the course to double the commission to banks at 2% of the quantum of funds they transmit to individual beneficiaries...

September 17, 2014

BCIC recommendations on tax reforms accepted by Shome Committee

The Tax Administration Reform Commission (TARC) headed by Parthasarathy Shome has accepted the suggestions of the Bangalore Chamber of Industry and Commerce (BCIC) pertaining to realignment of the...

June 19, 2014

Arvind Mayaram appointed new Finance Secretary

Appointments Committee of the Cabinet (ACC) has approved Economic Affairs Secretary Arvind Mayaram as the new Finance Secretary. Arvind Mayaram, a 1978 batch Rajasthan cadre IAS officer has been holding...

April 23, 2014    Awards, Honours & Persons in News

MoF: India's external debt at $426 billion in December, 2013

As per the quarterly report of Ministry of Finance (MoF), India’s external debt was at 426 billion – including the government’s debt of 76.4 billion in December 2013....

March 31, 2014

SEBI: To issue guidelines for FATCA compliance for fiscal year 2014-15

To combat possible tax evasion by Americans through Indian entities, the Securities and Exchange Board of India (SEBI) planned to issue the Foreign Account Tax Compliance Act (FATCA)...

March 29, 2014

Iran seeks permission to open multiple bank accounts in India

Iran has requested the Ministry of Finance and the Reserve Bank of India (RBI) to allow it to open accounts in multiple banks to facilitate better non-oil trade...

January 18, 2014

Service Tax revenue grew over 300 times in past two decades

Finance Ministry is focusing on service tax revenue which has grown significantly by over 300 times in past about two decades.  As per official data, the finance ministry has earned...

December 29, 2013

Finance Ministry approves 5,500 cr as SBA to pay fertiliser subsidy

Finance Ministry has approved for Rs 5,500 crore against Rs 12,000 crore sought by the Department of Fertilisers under a Special Banking Arrangement (SBA) to pay part of the...

September 29, 2013

Ministry of Finance launches "STAR scheme"

STAR: (Standard Training Assessment and Reward) The Ministry of Finance launched the National Skill Certification and Monetary Reward Scheme that will be implemented on national level. The scheme will motivate...

August 20, 2013    Government Schemes Current Affairs