Page 44 - Finance Ministry

Fresh risk to economy

Govt should avoid the mistakes of 2020

Banks sanctions Rs 25,586 cr to 114,322 Stand-Up India accounts in 5 years

The Finance Ministry on Sunday said banks have sanctioned Rs 25,586 crore to about 1,14,322 beneficiaries under the Stand Up India Scheme in the last five years for promoting entrepreneurship among women and SC & STs. The objective of Stand-Up India is to promote entrepreneurship amongst women, Scheduled Castes (SC) & Scheduled Tribes (ST) categories, to help them in starting a greenfield enterprise in trading, manufacturing and services sector, by both ready and trainee borrowers, the Finance Ministry said in a statement. Under the scheme, bank loans between Rs 10 lakh and Rs 1 crore are provided to at least one Scheduled Caste/ Scheduled Tribe borrower and at least one woman borrower per bank branch of Scheduled Commercial Banks. Started in April 5, 2016, the scheme has benefited 93,094 women entrepreneurs with outstanding loan of Rs 21,200 crore as of March 23. This scheme, which has been extended up to 2025, covers SC/ST and/or women entrepreneurs, above 18 years of age, ..

Ray of hope: In a surprise, personal tax mop-up rises 2.5% in FY21

6% fall in corporation tax due to Covid-related issues

We remain optimistic about targets for upcoming fiscal year: Tarun Bajaj

We will have higher revenue, but also our expenditure would exceed the revised estimates in the Budget, said Bajaj

U-turn on interest rate order oversight or poll-driven hindsight: Congress

The Congress hit out at Finance Minister Nirmala Sitharaman on Thursday after she announced withdrawal of the interest rate-slashing order

Salary income of Indian workers in Gulf exempt from income tax: Sitharaman

Finance Minister Nirmala Sitharaman on Thursday said salary income earned by non-resident Indians in Gulf countries would continue to be exempt from tax in India.

IT refunds of over Rs 2.62 trillion issued in FY21, an increase of 43%

The total refunds issued in 2019-20 were worth Rs 1.83 trillion

Govt to borrow Rs 7.24 trillion from market in six months: Finance Ministry

The net borrowings during the next fiscal year will be about Rs 9.37 trillion

Top headlines: DPE to come under FinMin; Tata-Mistry case verdict today

From FinMin mulling bringing DPE under itself ahead of privatisation drive to top corporate houses pay 20% more tax this fiscal, here are top headlines this morning

FinMin mulls bringing DPE under itself ahead of privatisation drive

Move aimed at better control over PSUs ahead of govt's ambitious privatisation drive

Amendments to the Finance Bill 2021 plug tax loophole in slump sale

Amendments to the finance Bill, 2021, say that fair market value (FMV) will be taken as consideration of the sale

A regulator for health sector on lines of RERA likely to be set up soon

The survey cited unplanned readmission data - considered the most common metric of quality in the hospital setting

GST technical glitches behind input tax credit frauds: CAG report

CAG recommended fixing a definite time frame for rolling out simplified GST return forms

Loan moratorium case: NBFCs want govt to refund interest on deposits

Iyer said the penal interest would add up only trite as NBFCs are typically small ticket loan suppliers

A good glide path

AT1 bonds may lose sheen but Sebi takes the right call

Sebi eases valuation norms for perpetual bonds on Finance Ministry push

Capital market regulator Sebi has eased valuation rule pertaining to perpetual bonds

After govt's intervention, Sebi eases valuation norms for AT-1 bonds

Implementation of 100-year valuation norm pushed to April 2023

Negative yield quoted for first time on Indian bond thanks to error

A bank placed a wrong price quote, which led to a negative yield as the paper was nearing maturity

Fast-track admin processes to meet divestment target: Parliamentary panel

The panel said it is "concerned" that meeting divestment target is pivotal to the Budget

Govt to borrow Rs 20,000 cr less this fiscal; RBI cancels debt auction

The government has decided to cancel its Rs 20,000 crore borrowing scheduled for March 26 on review of position of cash balance, the Reserve Bank of India said on Monday.