Tag «finance minister»

Bandhan Bank commences operations in India with 501 branches

Finance Minister Arun Jaitley inaugurates the bank in Kolkata   Kolkata, August 23, 2015: Shri Arun Jaitley, Hon’ble Minister of Finance, Corporate Affairs and Information and Broadcasting, Government of India, today inaugurated India’s newest bank, Bandhan Bank Ltd, at the Science City Auditorium in Kolkata, at a function attended by regulators, policy makers and luminaries …

INCREASED SERVICE TAX TO DENT REAL ESTATE SECTOR

Finance Minister, Arun Jaitley had announced changes in the service tax structure in the Budget 2015 – 16. The new service tax would now be applicable commencing 1st June, 2015. Recently, the finance minister declared that the new Service Tax Rate would be increased to 14% from the existing 12.36% with effect from 1st June …

Prime Minister’s Council on Trade & Industry

The Prime Minister’s Council on Trade & Industry met today to discuss issues concerning the Indian economy.  The agenda focused on measures to correct the Current Account Deficit; the slowdown of industrial growth and measures to revive it; depreciation of the Rupee and its impact on trade and industry; skill development and development of industrial corridors. …

Finance Minister P. Chidambaram Meets top American Executives and USA Senator Max Baucus, Chairman of the Senate Finance Committee During His Ongoing US Visit

Discussions Focused on the Current Business and Investment Environment in India; Fm Emphasized the Need for U.S Companies to Set-Up Local Manufacturing Bases in India The Union Finance Minister Shri P. Chidambaram who is visiting the United States, met with top American executives and U.S. Senator Max Baucus, Chairman of the Senate Finance Committee . …

Finance Minister to Leave for Four Day Official Tour to USA Tomorrow; to deliver Key Note Address at US-India Business Council 38th Leadership Summit; to meet US Business Leaders During his Visit

The Union Finance Minister Shri P.Chidambaram will be leaving on a four day visit from 9th to 12th July, 2013 to United States of America (USA) tomorrow. The Finance Minister Shri Chidambaram will arrive in Washington DC on 9th June, 2013. During his visit, the Finance Minister Shri Chidambaram will deliver the Key Note Address …

Finance Minister Directs Life Insurance Corporation (Lic) to Constitute a Special Team and to Open A Major Office in Dehradun to Settle Claims Relating to the Recent Natural Calamity in Uttarakhand on Utmost Priority

The Union Finance Minister, Shri P. Chidambaram asked the Life Insurance Corporation (LIC) to constitute a special team to settle claims of those affected by the recent natural calamity in Uttarakhand. He directed LIC to open a major camp office in Dehradun to settle the claims on centralized basis. He said that LIC should follow …

Finance Minister Launches Maiden infrastructure Debt fund (IDF) Scheme of IIFCL Mutual Fund for Catalysing Investment in Infrastructure Sector; FM for Mobilsation of Resources From Insurance and Pension Sector for IDFs

The Union Finance Minister Shri P. Chidambaram said that for Infrastructure Debt Funds (IDFs), we should try to mobilise resources from insurance and pension sectors as these funds are available for long term horizon. The Finance Minister Shri Chidambaram was speaking after launching the maiden IDF scheme of IIFCL Mutual Fund (IDF) here today. The …