Page 23 - Finance Ministry

As NITI vice-chairperson, Suman Bery will now be expected to guide policy

Bery will replace incumbent Rajiv Kumar as Niti Aayog vice-chairperson from the next month

Finance ministry, state-run banks discuss 3-year strategic roadmap

Will review progress made by PSBs on various schemes today

Govt bars PSEs from buying state-owned companies on block for privatisation

The finance ministry has barred public sector enterprises from bidding for other Central Public Sector Enterprises (CPSEs) which are on the block for privatisation

Top headlines: Action to aid post-Covid recovery, Tatas to offer ESOPs

Business Standard brings you top headlines of the day

FM meets IMF chief; discusses impact of geopolitics on global growth

Congratulating India on its successful vaccination programme to control spread of Covid-19, Georgieva also appreciated New Delhi for extending relief to other vulnerable countries to fight pandemic

Live: Delhi Capitals allrounder Mitchell Marsh tests positive for Covid-19

Live news updates: Marsh is the third member of the Capitals contingent to test positive.

'India on track to becoming $5-trn economy': FinMin on tax revenue mop-up

Prime Minister Narendra Modi in 2019 envisioned making India a USD 5 trillion economy and a global economic powerhouse. The Indian GDP is estimated to be around USD 3 trillion in 2021-22

FinMin waives customs duty on cotton imports till September 30

Currently, cotton imports attract 5 per cent Basic Customs Duty (BCD) and 5 per cent Agriculture Infrastructure Development Cess (AIDC)

Govt says exceeded FY22 asset monetisation target; Rs 96,000 crore realised

Targets for depts that lagged to be rolled over

Nepal's economic performance positive, not to worry: Finance Minister

Nepal's Finance minister on Monday dismissed claims by opposition parties that the country's economy will deteriorate further in the coming days

Top headlines: Trai slashes 5G spectrum base, Ambani's net-zero plan

Business Standard brings you the top headlines on Tuesday

FinMin asks Infosys to work on ways to access taxpayers' data accurately

FinMin suggests it boosts pre-filled data, rolls out new payment system

India's tax revenues soar to a record high of Rs 27.07 trillion in FY22

In terms of tax buoyancy, the overall tax buoyancy was 1.9 in FY22, with direct tax buoyancy at 2.8 and indirect tax buoyancy at 1.1.

RBI likely to revise inflation outlook as it extends rate pause: Economists

Expectations are for the RBI to revive open-market operations or resort to Operation Twists, wherein it buys longer bonds and sells shorter-dated notes, to support the market amid record debt supply

As multiple crises hit, a case for fresh economic assessment to Parliament

Given the Covid-19 pandemic, and now the war in Europe, economists assert there could be a case for reviving the practice for the sake of fiscal transparency at least temporarily

Govt to borrow Rs 8.45 trn from market during April-September period

The Union government is looking to raise Rs 8.45 lakh crore through borrowings in the first half of 2022-23 to fund the revenue gap for reviving the economy, the finance ministry said on Thursday.

GST collection rises to an all-time high of Rs 1.42 trillion in March

The robust mop-up could be attributed to the government's tightened compliance measures and crackdown on GST evaders and fake bills

Only 80.6% spent till February, govt likely to miss capex target

While monthly capex spending peaked to Rs 1.2 trillion in December, it has drastically fallen in subsequent months with expenditure of only Rs 43,495 crore in February

Centre plans to borrow 59% of FY23 debt target in April-September

Estimated at Rs 8.45 trn; full-year borrowing likely at Rs 14.31 trn

30% tax on cryptocurrency income to come into effect from Friday

The revised norms for levy of 1 per cent TDS (tax deducted at source) on sale of immovable property exceeding Rs 50 lakh will come into effect from April 1, the beginning of the new financial year