In October, the government and the LIC decided to offload a little over 30 per cent each in IDBI Bank. They issued a preliminary information memorandum, inviting EoIs for an aggregate 60.72 per cent stake, along with management control.
The official handle of the Commerce Minister said: "Grateful to the Finance Ministry for their support to make this a success. It will help eliminate duplication while applying for licences."
More than 110 invitees representing seven stakeholder groups participated in eight meetings scheduled during this period. The stakeholder groups include representatives and experts from agriculture and agro-processing industry; industry, infrastructure and climate change; financial sector an
Binoy Viswam, in a letter to the Union Finance Minister, said, "I write this letter to express my protest and to vehemently oppose the absurd decision of the Finance Ministry to limit the pre-Budget consultation meeting with the trade unions for just 75 minutes alone, that too in virtual mod
On inflation, the report by the department of economic affairs said domestic prices of some food items have gone up in the wake of the rise in international prices. India's grain availability was impacted by the untimely heatwaves and deficiency of the southwest monsoon in the current year.
Regarding the preparation of the Budget 2023-24, a meeting of the finance ministers of all the states has been organised by the Union Finance Ministry to invite suggestions and proposals from the States. Chhattisgarh Chief Minister Bhupesh Baghel will present his proposals on economic issues
Finance Minister Ishaq Dar Monday ordered a probe into the 'illegal, unwarranted' leak of Chief of Army Staff General (COAS) Qamar Javed Bajwa's family tax records.
Taxpayers' Lounge aims to foster awareness about the services provided by the I-T department and to showcase its various initiatives in the areas such as digitalization, transparent taxation, online grievance redressal, e-PAN and e-filing for easing compliance.
A Finance Ministry release said Direct Tax collections up to November 10, 2022 show that gross collections are at Rs. 10.54 lakh crore, which is 30.69 per cent higher than the gross collections for the corresponding period of last year.
According to the finance ministry, this is in line with the commitment of the government of India to strengthen the hands of states to accelerate their capital and developmental expenditure.