Finance Ministry Archive

CBDT warns officials on contact with Press and airing views on official matters either in their own name or in pseudonymous names.

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CBDT warns officials on contact with Press and airing views on official matters  either in their own name or in pseudonymous names.  No. B-12020/02/2017-Ad.IX  Government of India Ministry of Finance Department  of Revenue (Central Board  of Direct Taxes) 460, Hotel Samrat, Chanakyapuri New Delhi, 20th March, 2017 To All Pr.

4.21 Crores ITRs e-filed in FY 2016-17 till Feb-2017. Total amount of refund issued is Rs. 1,48,459 crore till 28.02.2017

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4.21 Crores ITRs e-filed in FY 2016-17 till Feb-2017. Total amount of refund issued is Rs. 1,48,459 crore till 28.02.2017 Ministry of Finance Dated: 17th March, 2017 Number of e-filed Income Tax Returns in Financial Year 2016-17 (till 28.02.2017) was 4.21 Cr: The total amount of refund issued in

Dispensing of fake currency notes through ATMs. Rs 2000 notes resembling genuine note marked as Children Bank of India

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Dispensing of fake currency notes through ATMs. Rs 2000 notes resembling genuine note marked as Children Bank of India-one person arrested Ministry of Finance Dated: 17th March, 2017   Dispensing of fake currency notes through Automated Teller Machines (ATMs) There have been media reports regarding dispensation of Rs 2000

Small Finance and Payment Banks – RBI Guidelines

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Small Finance and Payment Banks – RBI Guidelines Ministry of Finance Dated: 17th March, 2017 Small Finance and Payment Banks Reserve Bank of India (RBI) issued guidelines for licensing of small finance banks and payments banks on November 27, 2014 and granted in-principle approvals to 10 applicants to set

Field trial of plastic banknotes at five locations currency in the country.

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Field trial of plastic banknotes at five locations currency in the country. Ministry of Finance Dated: 17th March, 2017 Government to conduct field trial with plastic banknotes at five locations of the country; Approval for procurement of plastic substrate and printing of bank notes of Rs.10 denomination on plastic

SBI Merger-Access to existing customers of subsidiary banks to SBI global network which has presence in all the time zones

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SBI Merger-Access to existing customers of subsidiary banks to SBI global network which has presence in all the time zones Ministry of Finance PIB Press Release Dated: 17th MAR 2017 Merger of State Bank of India (SBI) with its five subsidiaries; The existing customers of Subsidiary Banks will have

NPAs shows declining trend-Main defaulter are few large corporates in steel, power, infrastructure & Textile Sector

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NPAs shows declining trend in last quarter of current financial year. Main defaulter are few large corporates in steel, power, infrastructure & Textile Sector Ministry of Finance Press Release (PIB) 15-March, 2017 FM: Rate of increase of Non Performing Assets (NPAs) has slowed down in the last Quarter of
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