Tag Archives: Ministry

Nirmala Sitharaman gets finance ministry, Amit Shah home as Modi 2.0 portfolios announced

Former Defence Minister Nirmala Sitharaman has been appointed as the new finance minister with former home minister Rajnath Singh getting the defence portfolio in Prime Minister Narendra Modi’s new Cabinet. Amit Shah will be the new home minister. Former foreign secretary S Jaishankar will helm the Ministry of External Affairs, a press statement from the Rashtrapati Bhavan said. Former textile ... Read More »

Home Ministry flags Chinese bank eyeing second branch in India

ICBC and Bank of China had applied for a branch licence with the RBI last year. (Photo: Reuters) At a time when the Centre has cleared the decks for the maiden Bank of China branch in India, the Ministry of Home Affairs is learnt to have raised objections to a proposal by the Industrial and Commercial Bank of China (ICBC) ... Read More »

Demonetisation benefits visible in IT enforcements, tax filings: Finance ministry

A day after the RBI’s report revealed that 99% of demonetised currency had come back into the banking system, the finance ministry on Thursday claimed that the note ban’s benefits were clearly visible in terms of a quantum jump in enforcement actions and growth in direct tax collections. “The government launched a concerted drive against black money with demonetisation being ... Read More »

DA Case: Virbhadra Singh’s son accuses Finance Ministry of misusing ED

Himachal Youth Congress president Vikramaditya Singh, on Friday termed as ‘false’ the allegation of corruption and disproportionate assets against his father and chief minister Virbhadra Singh saying the Finance Ministry is ‘using’ Enforcement Directorate in the matter. The Finance Ministry, headed by Arun Jaitley, is using the ED to institute a false investigation against the Himachal Pradesh Chief Minister, he ... Read More »