Page 36 - Finance Ministry

FinMin to kick-start exercise for Union Budget 2022-23 on October 12

This will be fourth budget of Modi 2.0 govt and FM Nirmala Sitharaman. Union Budget to be announced on Feb 1, 2022, as has been done the past few years

Finance Ministry to kick-start budgetary exercise from October 12

The finance ministry will kick-start the exercise to prepare the annual Budget for 2022-23 from October 12 amidst signs of revival of the Indian economy hit hard by the COVID-19 pandemic.

Oppn-ruled states demand extension of GST compensation beyond June 2022

Finance ministers of Opposition-ruled states have demanded that the GST compensation cess regime be extended beyond June 2022.

Govt working on setting up backstop facility for corporate bond mkt

In a bid to deepen the corporate bond market, the government is working on setting up a 'backstop facility' as announced in the Budget, a senior government official said on Friday.

Govt may select winner in Air India's disinvestment in about three weeks

The Tata group and SpiceJet promoter Ajay Singh are in the race to acquire the loss-making airline

Govt likely to hold 30-70% equity in Vodafone Idea after four years

The move has been questioned by many analysts who say that if both options are taken, it will turn VIL into a government company

Amid rise in Mudra loan NPAs, finmin to meet PSB CEOs to take stock

Minister of State for Finance, Bhagwat Karad will meet the PSB CEOs on September 16 in Aurangabad

Finance ministry gives nod to 11 states to borrow additional Rs 15,721 cr

The Finance Ministry has permitted 11 states to borrow an additional amount of Rs 15,721 crore after these states achieved the capital expenditure target set for the June quarter.

MCA, Finance Ministry hammer out key changes to IBC at review meet

The IBBI has said that the CoC functions in an unregulated environment

Liquidity no longer a major concern, FM Sitharaman assures India Inc

Banks to kick off new credit-outreach programme by October 15

Top headlines: Tax tweaks make PSUs more attractive, Gujarat's new CM

Business Standard brings the top headlines of the day

Finance ministry dials Sebi on T+1, discusses peak margin implications

Sebi is learnt to have assured the ministry that the peak margin norms and other tightening measures are aimed at reducing risk

Telecom package: Discussions between DoT and FinMin at an advanced stage

Matters are also a bit complicated since Telecom Secretary Anshu Prakash is due to retire at the end of September

Economic recovery to continue even in event of third wave: FinMin

The index of eight core industries for July 2021 rose 9.4 per cent year-on-year (YoY)

FinMin releases Rs 9,871 crore to 17 states as revenue deficit grant

The Finance Ministry on Thursday said it has released the sixth monthly instalment of revenue deficit grant of Rs 9,871 crore to 17 states.

V-shaped recovery in Q1 shows strong macroeconomic fundamentals: FinMin

The V-shaped recovery in the first quarter of 2021-22, despite the brutal second wave of the coronavirus pandemic, is a testimony to India's strong macroeconomic fundamentals

I-T portal glitch: FM's reprimand of Infy reflects contractual weaknesses

As former finance secretary Sumit Bose pointed out, govt often does not set clear milestones. The penalties, too, are often most difficult to invoke owing to a 1987 SC ruling

FinMin regularly tracking resolution of tax portal bugs with Infosys: CBDT

Board rolls out statistics to prove the problems on the portal are being addressed

India's fintech market to triple to Rs 6.2 trn by 2025: MoS Finance Karad

The govt's various initiatives have led to fast growth in the fintech sector, which is likely to triple to Rs 6,20,700 crore in value terms by 2025, Minister of State for Finance Bhagwat K Karad said

Faceless assessment: Rules for authentication of e-records submission eased

The finance ministry on Tuesday said electronic records submitted through registered account of taxpayers in the income tax portal shall be deemed to have been authenticated by the taxpayer by EVC