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	<title>Finance Ministry Archives &#8211; The Edge Media</title>
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	<link>https://theedgemedia.in/tag/finance-ministry</link>
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		<title>For the fiscal year 2020-21, the Finance Ministry has approved an interest rate of 8.5 percent on PF deposits</title>
		<link>https://theedgemedia.in/for-the-fiscal-year-2020-21-the-finance-ministry-has-approved-an-interest-rate-of-8-5-percent-on-pf-deposits</link>
					<comments>https://theedgemedia.in/for-the-fiscal-year-2020-21-the-finance-ministry-has-approved-an-interest-rate-of-8-5-percent-on-pf-deposits#respond</comments>
		
		<dc:creator><![CDATA[The Edge Media]]></dc:creator>
		<pubDate>Fri, 29 Oct 2021 17:27:53 +0000</pubDate>
				<category><![CDATA[Main Story]]></category>
		<category><![CDATA[National Edge]]></category>
		<category><![CDATA[#approved]]></category>
		<category><![CDATA[deposits]]></category>
		<category><![CDATA[Finance Ministry]]></category>
		<category><![CDATA[interest rate]]></category>
		<category><![CDATA[provident funds]]></category>
		<guid isPermaLink="false">https://theedgemedia.in/?p=24607</guid>

					<description><![CDATA[<p>The Finance Ministry approved an 8.5 percent rate of interest on provident funds for 2020-21, allowing the Employees&#8217; Provident Fund Organization (EPFO) to credit interest to recipients&#8217; accounts ahead of Diwali. The labor ministry wants to disclose the rate as soon as possible after receiving approval from the ministry on Friday, a senior government official [&#8230;]</p>
<p>The post <a href="https://theedgemedia.in/for-the-fiscal-year-2020-21-the-finance-ministry-has-approved-an-interest-rate-of-8-5-percent-on-pf-deposits">For the fiscal year 2020-21, the Finance Ministry has approved an interest rate of 8.5 percent on PF deposits</a> appeared first on <a href="https://theedgemedia.in">The Edge Media</a>.</p>
]]></description>
										<content:encoded><![CDATA[<p>The Finance Ministry approved an 8.5 percent rate of interest on provident funds for 2020-21, allowing the Employees&#8217; Provident Fund Organization (EPFO) to credit interest to recipients&#8217; accounts ahead of Diwali. The labor ministry wants to disclose the rate as soon as possible after receiving approval from the ministry on Friday, a senior government official informed The Indian Express. The EPFO has around 6.7 crore active subscribers and 6.9 lakh contributing establishments.</p>
<p>&nbsp;</p>
<p>The interest rate is understood to have been decided on an income of Rs 70,300 crore from the sale of debt and equity investments, leaving a surplus of around Rs 300 crore with the EPFO.</p>
<p>The post <a href="https://theedgemedia.in/for-the-fiscal-year-2020-21-the-finance-ministry-has-approved-an-interest-rate-of-8-5-percent-on-pf-deposits">For the fiscal year 2020-21, the Finance Ministry has approved an interest rate of 8.5 percent on PF deposits</a> appeared first on <a href="https://theedgemedia.in">The Edge Media</a>.</p>
]]></content:encoded>
					
					<wfw:commentRss>https://theedgemedia.in/for-the-fiscal-year-2020-21-the-finance-ministry-has-approved-an-interest-rate-of-8-5-percent-on-pf-deposits/feed</wfw:commentRss>
			<slash:comments>0</slash:comments>
		
		
			</item>
		<item>
		<title>Salil Parekh, MD &#038; CEO of Infosys, has been Summoned by the Finance Ministry to Explain Why the I-T Portal Issues Have Not Been Resolved</title>
		<link>https://theedgemedia.in/salil-parekh-md-ceo-of-infosys-has-been-summoned-by-the-finance-ministry-to-explain-why-the-i-t-portal-issues-have-not-been-resolved</link>
					<comments>https://theedgemedia.in/salil-parekh-md-ceo-of-infosys-has-been-summoned-by-the-finance-ministry-to-explain-why-the-i-t-portal-issues-have-not-been-resolved#respond</comments>
		
		<dc:creator><![CDATA[The Edge Media]]></dc:creator>
		<pubDate>Sun, 22 Aug 2021 17:35:13 +0000</pubDate>
				<category><![CDATA[Main Story]]></category>
		<category><![CDATA[Political Edge]]></category>
		<category><![CDATA[#Nirmala Sitharaman]]></category>
		<category><![CDATA[Finance Ministry]]></category>
		<category><![CDATA[Infosys CEO]]></category>
		<category><![CDATA[Infosys MD]]></category>
		<category><![CDATA[platform]]></category>
		<category><![CDATA[Salil Parekh]]></category>
		<category><![CDATA[tax e-filing]]></category>
		<guid isPermaLink="false">https://theedgemedia.in/?p=22371</guid>

					<description><![CDATA[<p>The ministry of finance has called Infosys MD and CEO Salil Parekh to explain to finance minister Nirmala Sitharaman why the Income Tax portal&#8217;s faults have not been rectified even though it has been up and running for over two months. Given that the portal has been unavailable since August 21, the Infosys senior executive [&#8230;]</p>
<p>The post <a href="https://theedgemedia.in/salil-parekh-md-ceo-of-infosys-has-been-summoned-by-the-finance-ministry-to-explain-why-the-i-t-portal-issues-have-not-been-resolved">Salil Parekh, MD &amp; CEO of Infosys, has been Summoned by the Finance Ministry to Explain Why the I-T Portal Issues Have Not Been Resolved</a> appeared first on <a href="https://theedgemedia.in">The Edge Media</a>.</p>
]]></description>
										<content:encoded><![CDATA[<p>The ministry of finance has called Infosys MD and CEO Salil Parekh to explain to finance minister Nirmala Sitharaman why the Income Tax portal&#8217;s faults have not been rectified even though it has been up and running for over two months.</p>
<p>Given that the portal has been unavailable since August 21, the Infosys senior executive will be questioned about why several issues continue to obstruct its proper operation.</p>
<p>From the day of its launch on June 7, the new income tax e-filing platform www.incometax.gov.in had a rocky start due to technical issues. The government paid Infosys Rs. 164.5 crores for creating the portal between January 2019 and June 2021.</p>
<p>The post <a href="https://theedgemedia.in/salil-parekh-md-ceo-of-infosys-has-been-summoned-by-the-finance-ministry-to-explain-why-the-i-t-portal-issues-have-not-been-resolved">Salil Parekh, MD &amp; CEO of Infosys, has been Summoned by the Finance Ministry to Explain Why the I-T Portal Issues Have Not Been Resolved</a> appeared first on <a href="https://theedgemedia.in">The Edge Media</a>.</p>
]]></content:encoded>
					
					<wfw:commentRss>https://theedgemedia.in/salil-parekh-md-ceo-of-infosys-has-been-summoned-by-the-finance-ministry-to-explain-why-the-i-t-portal-issues-have-not-been-resolved/feed</wfw:commentRss>
			<slash:comments>0</slash:comments>
		
		
			</item>
		<item>
		<title>IMF warns of recession worse than global financial crisis of 2008</title>
		<link>https://theedgemedia.in/imf-warns-of-recession-worse-than-global</link>
					<comments>https://theedgemedia.in/imf-warns-of-recession-worse-than-global#respond</comments>
		
		<dc:creator><![CDATA[The Edge Media]]></dc:creator>
		<pubDate>Tue, 06 Apr 2021 17:02:30 +0000</pubDate>
				<category><![CDATA[Business Edge]]></category>
		<category><![CDATA[Main Story]]></category>
		<category><![CDATA[Crisis]]></category>
		<category><![CDATA[Finance Ministry]]></category>
		<category><![CDATA[Financial crises]]></category>
		<category><![CDATA[Global Economy]]></category>
		<category><![CDATA[Global financial]]></category>
		<category><![CDATA[Global Times]]></category>
		<category><![CDATA[Global Trade]]></category>
		<category><![CDATA[IMF]]></category>
		<category><![CDATA[IMF news]]></category>
		<guid isPermaLink="false">https://theedgemedia.in/?p=9488</guid>

					<description><![CDATA[<p>Kristalina Georgieva, managing director of the International Monetary Fund (IMF), has warned of a recession worse than the 2008 global financial crisis.  &#8220;We are now in recession, it is worse than the global financial crisis,&#8221; news agency Xinhua quoted Georgiwa&#8217;s statement at a joint press conference with the World Health Organization (WHO) on Friday. The Managing [&#8230;]</p>
<p>The post <a href="https://theedgemedia.in/imf-warns-of-recession-worse-than-global">IMF warns of recession worse than global financial crisis of 2008</a> appeared first on <a href="https://theedgemedia.in">The Edge Media</a>.</p>
]]></description>
										<content:encoded><![CDATA[
<p class="wp-block-paragraph"> Kristalina Georgieva, managing director of the International Monetary Fund (IMF), has warned of a recession worse than the 2008 global financial crisis.  </p>



<p class="wp-block-paragraph">&#8220;We are now in recession, it is worse than the global financial crisis,&#8221; news agency Xinhua quoted Georgiwa&#8217;s statement at a joint press conference with the World Health Organization (WHO) on Friday.<br> The Managing Director of the IMF while talking about the &#8216;double crisis&#8217; like health and economic said that this is unprecedented in the history of IMF due to the increasing outbreak of covid-19.  </p>



<figure class="wp-block-gallery columns-1 is-cropped wp-block-gallery-1 is-layout-flex wp-block-gallery-is-layout-flex"><ul class="blocks-gallery-grid"><li class="blocks-gallery-item"><figure><img decoding="async" src="https://theedgemedia.in/wp-content/uploads/IMG-20210406-WA0073.jpg" alt="" data-id="9491" data-full-url="https://theedgemedia.in/wp-content/uploads/IMG-20210406-WA0073.jpg" data-link="https://theedgemedia.in/imf-warns-of-recession-worse-than-global/img-20210406-wa0073/" class="wp-image-9491"/></figure></li></ul></figure>



<p class="wp-block-paragraph">Georgieva stressed that there is a need to work together to save lives and livelihoods in the midst of fighting the covid-19 around the world.  According to data from the World Health Organization, currently more than 1 million people worldwide have been infected with covid-19 infection, of which more than 50,000 people have lost their lives.</p>
<p>The post <a href="https://theedgemedia.in/imf-warns-of-recession-worse-than-global">IMF warns of recession worse than global financial crisis of 2008</a> appeared first on <a href="https://theedgemedia.in">The Edge Media</a>.</p>
]]></content:encoded>
					
					<wfw:commentRss>https://theedgemedia.in/imf-warns-of-recession-worse-than-global/feed</wfw:commentRss>
			<slash:comments>0</slash:comments>
		
		
			</item>
		<item>
		<title>Honest Taxpayers to be Honoured by PM Modi on Thursday</title>
		<link>https://theedgemedia.in/honest-taxpayers-to-be-honoured-by-pm-modi-on-thursday</link>
					<comments>https://theedgemedia.in/honest-taxpayers-to-be-honoured-by-pm-modi-on-thursday#respond</comments>
		
		<dc:creator><![CDATA[The Edge Media]]></dc:creator>
		<pubDate>Wed, 12 Aug 2020 06:56:10 +0000</pubDate>
				<category><![CDATA[Main Story]]></category>
		<category><![CDATA[National Edge]]></category>
		<category><![CDATA[2020-21 budged]]></category>
		<category><![CDATA[CBDT]]></category>
		<category><![CDATA[finance minister]]></category>
		<category><![CDATA[Finance Ministry]]></category>
		<category><![CDATA[honoured]]></category>
		<category><![CDATA[income tax department]]></category>
		<category><![CDATA[modi]]></category>
		<category><![CDATA[narendra modi]]></category>
		<category><![CDATA[nirmala sitaraman]]></category>
		<category><![CDATA[PM Modi]]></category>
		<category><![CDATA[prime minister]]></category>
		<category><![CDATA[taxation]]></category>
		<category><![CDATA[taxpayer charter]]></category>
		<category><![CDATA[taxpayers]]></category>
		<category><![CDATA[TTHH]]></category>
		<guid isPermaLink="false">https://theedgemedia.in/?p=5290</guid>

					<description><![CDATA[<p>PM Narendra Modi will launch a platform for honouring the country&#8217;s honest taxpayers on Thursday. The 2020-21 Budget unveiled on February 1, had announced a &#8216;taxpayer charter&#8217;, which is expected to have statutory status and will empower citizens by ensuring time-bound services by the Income Tax department.  &#8220;The upcoming launch of the platform for &#8216;Transparent [&#8230;]</p>
<p>The post <a href="https://theedgemedia.in/honest-taxpayers-to-be-honoured-by-pm-modi-on-thursday">Honest Taxpayers to be Honoured by PM Modi on Thursday</a> appeared first on <a href="https://theedgemedia.in">The Edge Media</a>.</p>
]]></description>
										<content:encoded><![CDATA[
<p class="wp-block-paragraph">PM Narendra Modi will launch a platform for honouring the country&#8217;s honest taxpayers on Thursday. The 2020-21 Budget unveiled on February 1, had announced a &#8216;taxpayer charter&#8217;, which is expected to have statutory status and will empower citizens by ensuring time-bound services by the Income Tax department. </p>



<p class="wp-block-paragraph"><br>&#8220;The upcoming launch of the platform for &#8216;Transparent Taxation Honoring the Honest&#8217; by the Prime Minister will further carry forward the journey of direct tax reforms, the Finance Ministry said in a statement on Wednesday. <br>The Ministry said the Central Board of Direct Taxes has carried out several major tax reforms in direct taxes in recent years. Last year the Corporate Tax rates were reduced from 30 per cent to 22 per cent and for new manufacturing units the rates were reduced to 15 per cent. Dividend distribution Tax was also abolished. </p>



<p class="wp-block-paragraph"><br>&#8220;The focus of the tax reforms has been on reduction in tax rates and on simplification of direct tax laws. Several initiatives have been taken by the CBDT for bringing in efficiency and transparency in the functioning of the I-T Department,&#8221; it said. </p>



<p class="wp-block-paragraph"><br>In the Budget, Finance Minister Nirmala Sitharaman had announced that CBDT will adopt a &#8220;taxpayer charter&#8221; which will ensure trust between a taxpayer and the administration and reduce harassment, as well as increase efficiency of the department. CBDT, which is the apex decision making body in direct tax matters, administers personal income tax and corporate tax. </p>



<p class="wp-block-paragraph"><br>&#8220;Wealth creators will be respected in this country,&#8221; she had said in her 2020-21 Budget speech. &#8220;We wish to enshrine in the statutes a &#8220;taxpayer charter&#8221; through this budget. Our government would like to reassure taxpayers that we remain committed to taking measures so that our citizens are free from harassment of any kind,&#8221; she had said. </p>



<p class="wp-block-paragraph">&#8211; <strong>PTI </strong></p>
<p>The post <a href="https://theedgemedia.in/honest-taxpayers-to-be-honoured-by-pm-modi-on-thursday">Honest Taxpayers to be Honoured by PM Modi on Thursday</a> appeared first on <a href="https://theedgemedia.in">The Edge Media</a>.</p>
]]></content:encoded>
					
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			<slash:comments>0</slash:comments>
		
		
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