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Finance Ministry
Business  /  Published 05.03.21

EPFO rate stays at 8.5%

Retirement fund body EPFO on Thursday decided to retain the annual rate of interest on provident fund deposits at 8.5 per cent for the current financial year.  The central board of trustees, the...
By Our Special Correspondent in New Delhi

Business  /  Published 03.03.21

Centre mulls fuel duty cut

...
By Reuters in New Delhi

Business  /  Published 25.02.21

All banks can handle pension

All private sector banks will be allowed to handle government-related banking transactions such as the collection of taxes, pension payments and small savings schemes, the finance ministry announced o...
By Our Special Correspondent in New Delhi

Business  /  Published 11.02.21

Cairn chief seeks time from FM

Cairn Energy Plc CEO Simon Thomson plans to meet finance minister Nirmala Sitharaman next week to press the Modi government to honour a $1.4-billion arbitration payout to the Scottish company. Financ...
By Our Special Correspondent in New Delhi

Business  /  Published 07.02.21

Finance ministry additional grant leeway

The finance ministry has granted permission to Assam, Haryana, Himachal Pradesh and Punjab to borrow an additional Rs 5,034 crore for undertaking ease of doing business reforms. “Thus, these st...
By PTI in New Delhi

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Business  /  Published 14.12.20

Cash prop call in Q4

The finance ministry will take a call on the residual Rs 14,500-crore capital infusion in the public sector banks (PSBs) in the fourth quarter of this fiscal, sources said. Following the financial pe...
By PTI in New Delhi

Business  /  Published 13.12.20

EPFO: 8.5% interest by Dec

The Employees Provident Fund Organisation is expected to credit 8.5 per cent rate of interest for 2019-2020 in the employees' provident fund (EPF) accounts of around six crore subscribers in one g...
By Our Bureau, Agencies in New Delhi

Business  /  Published 13.12.20

Rs 9879cr capex plan cleared for 27 states

The finance ministry on Saturday said it has approved capital expenditure proposals worth Rs 9,879.61 crore of 27 states. Of this, Rs 4,939.81 crore has been released as the first instalment. In a st...
By PTI in New Delhi

India  /  Published 09.12.20

‘One Nation One Ration Card’ adopted by 9 states

A total of nine states as of now have implemented the Centre’s ‘One Nation One ration Card’ system, following which it has granted them to raise an additional Rs 23,523 crore, said a...
By Our Bureau, Agencies in New Delhi

Business  /  Published 27.11.20

Life premium paid back as LTC

The premium paid for insurance policies purchased between October 12, 2020 and March 31, 2021 by central government employees will be eligible for reimbursement under the LTC cash voucher scheme. Iss...
By PTI in New Delhi


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