Union Finance Ministry News

The $115 million (Rs 869 crore) loan has a maturity of 15 years, including a grace period of 4.5 years, the Finance Ministry said. The Government of India has announced a plan to restore 26 million hectares of degraded land by 2030 and double farmers` income by 2023. It will also help the participating and other states to adopt new approaches to watershed development," the Finance Ministry said in a statement.

The Union Finance Ministry on Monday (April 27) chargesheeted three Internal Revenue Service (IRS) officers for "misguiding" young taxmen and "unauthorisedly" making public a report that proposed for a steep hike in taxes to tackle the economic crisis caused due to the coronavirus COVID-19 pandemic.

According to the Union Finance Ministry, the GST revenues during the month of February 2020 from domestic transactions has shown a growth of 12 per cent over the revenue during February last year.

The Union Finance Ministry has said it has started the process of examining the proposal from the Railway Ministry to merge the Rail Budget with the General Budget, 92 years after the separation took place.

As a mark of respect to the brave soldier who died on Thursday, Union Finance Ministry made a picture of Lance Naik Hanumanthappa Koppad as its cover photo on its twitter handle.

Maharashtra Chief Minister Devendra Fadnavis has asked the Union Finance Ministry to resolve technical issues that are delaying approvals to Central Bank of China to open a branch in Mumbai.