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Thursday, March 28, 2024
TopicFinance ministry

Topic: finance ministry

Disability pension of military personnel who retire after full service will now be taxed

Finance ministry rules that those military personnel who continue in service until retirement will have to pay income tax on their disability pension.

State-run banks’ troubles increase as number of wilful defaulters goes up 14% in one year

Finance Minister Nirmala Sitharaman tells Parliament that the number of wilful defaulters who owe money to public sector banks has risen to 8,582 from 7,535.

Corruption, fraud, sexual harassment: Charges the 12 forcibly-retired IRS officers face

Twelve IRS (income tax) officers of the finance ministry were removed Monday under a rarely-used provision of civil services rules.

Smaller banks to be merged with PNB & Canara Bank in next round of consolidation

Finance ministry officials say mid-sized and small government lenders have been identified for separate merger processes with PNB and Canara Bank.

Confident of return, Modi govt nudges finance ministry to work on budget & Economic Survey

Senior finance ministry officials have started discussions with ministries and departments to work on the budget & Economic Survey. Focus is on social and rural sectors.

This is how political parties can dodge SC’s interim judgment on electoral bonds

Legally, only SBI, which sells electoral bonds, is expected to have details of donors. So, political parties could claim ignorance on who donated to them.

Revisions to economic data a fact & revisions themselves based on facts: Finance ministry

Economic affairs secretary Subhash Chandra Garg said that revisions to economic statistics for which Modi govt came under fire are based on facts.

Electoral bonds to be sold during Lok Sabha polls, says govt after press release muddle

Launched in March 2018, electoral bonds are meant to ensure transparency in political funding and offer an alternative to cash donations.

Arun Jaitley to resume charge of finance ministry today

Arun Jaitley, who returned from the US last week after undergoing medical treatment, is attending a meeting of the Cabinet Committee on Security to discuss the Pulwama attack.

Ailing IDBI Bank wants another Rs 10,000 crore from new owner LIC, weeks after new funding

IDBI Bank has routed the request through the Department of Financial Services in the finance ministry.

On Camera

Profit margins in lottery industry are tiny. Here’s how Future Gaming paid for its electoral bonds

Neither state govts nor companies earn large profits from lotteries. However, a look at the system shows there’s ample evidence of murky dealings and financial irregularities. 

BRO connects new axis to Ladakh, to be shortest route

The all-weather Nimmu-Padam-Darcha Road will connect Manali to Leh through Darcha and Nimmu on Kargil-Leh Highway.

For BJP, Kejriwal is an idea whose time has come to be destroyed

The ‘idea’ Kejriwal's politics grew around was a no-holds-barred fight against corruption. That is the reason Modi govt has now tarred him and his entire party with the same paint.