Ministry Of Finance

  • Govt overhauls I-T dept to fight terror finance June 8, 2011

    New Delhi: The Finance Ministry is bringing under one umbrella the intelligence and criminal investigation units of the Income Tax department to enhance prosecution powers to counter terror financing and check transactions that pose threat to national security. The department will now train and designate its officials in the rank of...
  • Finance Ministry opposes Aiyar's 'explore NE' offer January 16, 2008

    New Delhi: A fresh controversy is brewing in the Union Government with the Ministry for Development of the North Eastern Region (MDONER) asking Government officials to go take the Leave Travel Allowance (LTA) and explore the Northeast. But the Ministry of Finance is s vigorously resisting the move. If the MDONER...
  • Defence funds remain unused as scams cast a shadow December 25, 2007

    New Delhi: Modernisation of the Indian armed forces suffered as Rs 21,000 core remained unspent in the past five years with procurement deals slowed down by past controversies about defence kickbacks. Defence contracts in the pipeline have also been held up as returned funds lapse from the Defence Budget at the...