Tag Archives: Ministry

Trade bodies begin pre-budget consultations with finance ministry

With days remaining for the new government to take charge and the new council of ministers to be sworn in, all eyes are already on the finance ministry. With the economy losing steam, a number of trade bodies have already started their pre-budget consultations with the finance ministry. Even though the chambers of ministers are empty at North Block, the ... Read More »

FM Arun Jaitley meets 5 finance ministry secretaries amid hospitalisation rumours

Though reports suggest that Arun Jaitley might not take another tenure as India’s finance minister under the upcoming Modi Cabinet, he seems unperturbed. Amid rumours of his ill health, the Finance Minister today met five secretaries of the finance ministry, including Finance Secretary Subhash Chandra Garg, at his residence. Other top ministry officials who met Jaitley included Revenue Secretary Ajay ... Read More »

Finance Ministry considers steps to prevent composition dealers from charging GST from buyers

In a consumer-friendly measure, the revenue department is planning to make it mandatory for composition dealers and service providers to declare their GST registration status in invoices to ensure that they do not charge any tax from buyers. The measure, once implemented, would check the widespread practice of composition dealers of charging GST from purchasers and not depositing it with ... Read More »

GST Council met 30 times, took 918 decisions in 2 years: Finance Ministry

The all-powerful GST Council, chaired by Finance Minister Arun Jaitley, has met 30 times and taken 918 decisions related to laws, rules and rates for the new tax regime within a span of just over two years, the Finance Ministry said Sunday. The Goods and Services Tax (GST) Council, which comprises state finance ministers and Union Minister of State in ... Read More »

IIMs face fresh threat to autonomy as HRD ministry seeks more control

HRD minister Prakash Javadekar. The HRD ministry is deliberating whether the government should have a say on the appointment of an IIM chairman. Photo: Pradeep Gaur/Mint New Delhi: The government is framing rules to partially control how the Indian Institutes of Management (IIMs) function to curb potential misuse of the powers accorded to the board of the elite B-schools under the ... Read More »

CBSE paper leak: HRD ministry initiates probe, 2 exams to be held again

Union HRD minister Prakash Javadekar said his ministry has already initiated an internal probe into the CBSE paper leak case. Photo: PTI New Delhi:The CBSE on Wednesday announced re-examination in the Class 10 mathematics and Class 12 economics subjects in the wake of reports of paper leaks even as Union HRD minister Prakash Javadekar said a new “leak-proof” system would ... Read More »

GST Collections Rise To Rs. 86,703 Crore In December, Says Finance Ministry

As many as 56.30 lakh GSTR 3B returns have been filed for December, Finance Ministry said. New Delhi: Halting two months of decline, the GST collections gathered momentum in December, rising to Rs. 86,703 crore. “Total revenue Collections under GST for the month of December 2017 (received in December 2017/January up to January 24, 2018) has been Rs.86,703 crores till January 24 2018,” the ... Read More »

Finance Ministry cautions against bitcoin, says ‘virtual currencies are like ponzi schemes’

The Ministry of Finance has cautioned people against investing in virtual currencies and compared them to ponzi schemes. “There has been a phenomenal increase in recent times in the price of Virtual ‘Currencies’ (VCs) including bitcoin, in India and globally. The VCs don’t have any intrinsic value and are not backed by any kind of assets. The price of bitcoin and ... Read More »

Buhari directs ministry to convene summit on education

President Muhammadu Buhari has directed the Minister of Education to convene a ministerial summit on education within the next few weeks. The President gave the directive on Saturday in Ilorin, in his address at the 33rd Convocation of the University of Ilorin. The president was represented by Prof. Abubakar Abdulrasheed, the Executive Secretary of the National University Commission. He explained ... Read More »

Board Exams: HRD Ministry instructs Boards, States to refrain from spiking of marks

From next year, spiking of marks in class 10, 12 class board exams will no more be allowed according to the human resource development (HRD) ministry’s new advisory. State Boards along with the Central Board of Secondary Education (CBSE) have been asked to abide by the same. Exception As per HT report, however, school boards will continue with a moderation policy to ... Read More »