The insurer acquired 12 lakh shares, representing 0.097 per cent stake, of Mahindra Finance through open market transactions.

Union Finance Minister Nirmala Sitharaman talks about equitable access and widespread distribution of coronavirus vaccines; elaborates on India's immunisation programme

It is proposed to constitute a committee to undertake a comprehensive review of the working of ARCs in the financial sector ecosystem, RBI Governor Shaktikanta Das said

The additional amount of Rs 45,000 crore was released in two installments of Rs 14,500 crore and Rs 30,500 crore. Around Rs 14,500 crore was released along with the 14th regular instalment of devolution on March 26, 2021

The timing of the withdrawal of the rate cut was very crucial as it was done moments before the commencement of second phase of voting in ongoing state assembly elections

In the current interest rate scenario, fixed income investors look better off with small savings schemes like PPF, NSC, KVP, etc. instead of various debt mutual funds categories

The capital expenditure projects were approved in diverse sectors like health, rural development, water supply, irrigation, power, transport, education and urban development.

Facing a severe social media backlash over the interest rate cuts in small savings schemes like the Public Provident Fund (PPF), Sukanya Samriddhi Yojana, senior citizen savings scheme, current deposit, and a host of other such schemes on March 31, the finance ministry has rolled back the decision. FM Nirmala Sitharaman announced the roll back in a tweet this morning. Watch the video for more.Also Read | Centre rolls back interest rate cut order on PPF, other small savings schemes

The government on Wednesday reduced the interest on the PPF scheme to 6.4 per cent for the April-June quarter from 7.1 per cent in the January-March period

In separate filings to stock exchanges, Indian Overseas Bank, Bank of India, Central Bank of India and UCO Bank said that the government has infused capital in them.

The interest that you earn from employee's provident fund (EPF) is exempt from tax under the existing tax provisions. However, from FY22, if your EPF contribution goes above Rs 2.5 lakh in a financial year, the interest earned on the excess amount will be taxable

A sharp increase in global crude oil prices has pushed retail rates of petrol and diesel to historic highs. Taxes are partly to be blamed, but reducing excise duties may not be easy for a cash-strapped government

Fifteen years in the making, only 650 km of the dedicated freight corridor has opened. Meeting the 3,381-km target by June 2022 appears a distant dream

As tech helps tax authorities check evasion and fraud, taxpayers complain of harassment and misuse of powers

Income tax rule changes: Union Finance Minister Nirmala Sitharaman had announced new income tax rules in her Union Budget 2021 speech

While the four Codes have been passed by the Parliament and approved by the President, the rules are yet to be notified. Unless these Codes come into effect, no change in the salary structure is expected

We've decided that Air India will be 100 per cent disinvested. The choice isn't between disinvestment and non-disinvestment. It's between disinvestment and closing down, said Civil Aviation Minister Hardeep Singh Puri

Inter-ministerial deliberation between NITI Aayog, Ministry of Finance and Ministry of Railways on the funding model for freight corridor PPP and freight asset monetisation has been inconclusive

The bank issued 335.16 crore shares to the government at an issue price of Rs 16.41 per equity share, aggregating to Rs 5,500 crore.

FM Sitharaman launches Central Scrutiny Centre to scrutinise user filingsMinister of Finance and Corporate Affairs Nirmala Sitharaman on Thursday virtually launched Central Scrutiny Centre (CSC), an initiative of Corporate Affairs Ministry, to scrutinise the filings by users under straight through processes. The finance minister also launched the mobile app of Investor Education and Protection Fund Authority (IEPFA). The two initiatives aim to strengthen Prime Minister Narendra Modi's vision ...