Page 22 - Finance Ministry

Finance Ministry allows govt departments to carry over quarterly spending

The FinMin's missive to various departments comes at a time when the Centre's fiscal balance for FY23 is under immense pressure

No decision on reduction in tax on ATF to bring down prices: Report

The finance ministry has not yet taken a view on the civil aviation ministry's plea for tax cuts on jet fuel (ATF) to bring down prices, a top source said on Wednesday.

Goa govt urges finance ministry to levy 'nil' export duty on low-grade ore

Days after the Centre hiked the duty on exports of iron ore to 50 per cent, the Goa government has urged the Union finance ministry to bring down the duty on low-grade ore to 'nil'

Infra projects of Rs 500cr and more to route through PM GatiShakti's NPG

The Department for Promotion of Industry and Internal Trade (DPIIT) has also created a national master plan digital platform

Live: Davos hosts WEF meeting with focus on Ukraine war, climate change

The active cases comprise 0.03 per cent of the total infections, while the national Covid-19 recovery rate was recorded at 98.75 per cent, the health ministry said. Stay tuned for more updates

FinMin's annual Delhi Economics Conclave to be revived under new name

For its latest iteration, the economics division of the Finance Ministry has tied up with think-tank Institute of Economic Growth (IEG).

IMF 'corrects' maths, says India to be $5-trillion economy by FY27

CEA disputed IMF's earlier projections that showed goal to be achieved by 2028-29

Better placed than peers to fight inflation: Finance ministry report

The report said that seen over a longer time horizon, inflation in India's economy has not been as much a challenge as is sensed from month-to-month changes

Steps taken by RBI, govt to cut duration of high inflation: FinMin report

'Evidence on consumption patterns further suggests that inflation in India has a lesser impact on low-income strata than on high-income groups,' the finance ministry's monthly economic review said

Finance ministry invites applications for CVOs in PSU banks, insurers

The finance ministry has invited applications from eligible candidates for the position of Chief Vigilance Officers (CVOs) in various public sector banks and insurance companies. Applications have been called for CVO positions in five lenders, including Canara Bank, Indian Bank and Bank of India. Besides, CVO position would also fall vacant in New India Assurance Co and IFCI during this year. Position of CVO would also be filled at Punjab National Bank, Punjab & Sind Bank, General lnsurance Corporation and National Bank for Agriculture and Rural Development (Nabard). Applications are invited for filling up the posts of Chief Vigilance Officers (CVOs) in various Public Sector Banks (PSBs), Public Sector Insurance Companies (PSICs) and Financial Institutions (FIs), according to a notification issued by the Department of Financial Services, under the finance ministry. Selection of the candidates shall be made by the government in consultation with Central Vigilance Commission (CVC) .

Centre extends due dates to bid for Ferro Scrap Nigam privatisation

Interested parties will have to submit physical copies of EoI by June 13 as against May 12 earlier. Shortlisted bidders would be intimated by June 27

Govt looks to expand debt management cell as PDMA remains in backburner

A top govt official told Business Standard that internally, the plan for PDMA is unlikely to be revived

Top headlines: Auto sector under chip shortage, GST mop-up hits record high

Here are the top headlines of the day on Monday

Wastage in welfare and subsidy schemes: Centre cracks the whip

The Centre has already issued a set of advisory for states to remove ineligible farmers from the PM-KISAN scheme

Star9 Mobility to buy 51% govt stake in Pawan Hans for Rs 211.14 cr

This is the second successful privatisation in the civil aviation space after the Air India sale

GST Council meet: Extension of compensation cess to states to be in focus

The states have urged the Centre to extend the five-year compensation period under the GST law before its termination by June-end

Rs 79,000 crore of GST dues to states pending for FY22: Finance Ministry

It added that all dues had been paid for FY21. So far, it has released Rs 7.35 trillion to States, including the assistance released on a back-to-back basis

Sebi amends rules to simplify procedure for transmission of securities

Sebi has revised the existing threshold limit for simplified documents to Rs 5 lakh from Rs 2 lakh currently for securities held in physical mode per listed issuer

As subsidy spending rises, finance ministry sees no compromise on capex

Officials say no rejig of expenditure at a time when reviving growth is priority

No feedback sought from states on hiking GST rates, says finance ministry

It further said views of the states were sought generally on the Terms of References (ToRs) of the Group of Ministers (GoM) soon after it was set up in September 2021