Page 46 - Finance Ministry

Revenue deficit grant of Rs 6,194 cr released to 14 states: Govt

With the release of this installment, a total amount of Rs 74,340 cr has been released to eligible states in FY21, says Ministry of Finance

96% of GST compensation shortfall to states released so far, shows data

Under the special window, the Centre has been borrowing in Government Stock with a tenure of three years and five years on behalf of states

Asset monetisation to bring paradigm shift for infra growth: FM Sitharaman

Around 300 participants from states and UTs attended the workshop organised by the Department of Economic Affairs and NITI Aayog

CPSE assets sale to bring about paradigm shift in infra: FM Sitharaman

Finance Minister Nirmala Sitharaman on Tuesday said monetisation of CPSE assets is based on the principle of value creation for the government and investors

Disinvestment: Govt addresses CPSE stakeholders' concerns, says FM

The government addresses legitimate concerns of employees and other stakeholders of CPSEs through appropriate provisions in the share purchase agreements with bidders at the time of disinvestment, Finance Minister Nirmala Sitharaman said on Monday. On January 27, the Cabinet Committee of Economic Affairs (CCEA) gave 'in-principle' approval for 100 per cent disinvestment of the government's stake in Rashtriya Ispat Nigam Ltd (RINL), also called Visakhapatnam Steel Plant or Vizag Steel. This will be along with RINL's stake in its subsidiaries/ joint ventures through strategic disinvestment by way of privatisation. Sitharaman said strategic disinvestment of the government's equity will lead to infusion of capital for optimum utilisation, expansion of capacity, infusion of technology and better management practices. This will result in higher production and productivity and expansion of direct and indirect employment opportunities. "While deciding the terms and conditions of the strateg

Top headlines: Blackstone-Sify deal, Wipro's Capco deal, and more

Business Standard brings you top news of the day

Inflation a 'downside risk' to India's growth momentum: Finance ministry

Citing the country's consumer price index, the ministry said it had reached a 16-month low in January, validating the Reserve Bank stance of providing a growth push in the face of moderating inflation

High fuel prices a burden, Centre-states must talk: FM Nirmala Sitharaman

Both the Centre and the states draw revenues by taxing fuel, and 41 per cent of the tax collected by the Centre goes to the states, Sitharaman said

Indian economy to do better than -8% prediction: Finance ministry

The ministry said economic activity is gathering pace with mild stiffening of pandemic curve

Best of BS Opinion: Maintain the status quo, the two-front truce, and more

Here's a selection of Business Standard opinion pieces for the day

States open to GST on fuel, want Centre to come up with clear plan

Say Centre should come up with clear proposal, with focus on compensation mechanism

Govt's privatisation drive likely to kick off with profit-making PSUs

NITI Aayog likely to put out first shortlist by early next month

I-T finds huge undisclosed income in raids on Bollywood's Taapsee, Kashyap

28 premises raided across Mumbai, Pune, Delhi and Hyderabad; two top film production companies also targeted

India's FDI inflows up 37% in October-December to $26.16 billion

FDI inflow during December rose 24 per cent to $9.22 billion, against $7.46 billion in December 2019.

Extend PLI scheme to all MSMEs amid Covid-19 pandemic, says NITI Aayog

The recently announced PLI scheme for the telecom sector extended the incentives to MSMEs.

Administrative success but executive failure

The banking system is mired in structural difficulties. Roads are being built, but India continues to be a logistics nightmare relative to its Asian competitors.

Maintain the status quo

The current inflation target has worked well

GST collections signal robust e-way bill generation in March, shows data

Transactions in February would primarily show in the March GST collections

GST collections cross Rs 1 trillion for fifth consecutive month in Feb

The government attributed the robust mop-up to closer monitoring against fake billing, deep data analytics using data from multiple sources

NSE technical glitch cost us immensely, says FM Nirmala Sitharaman

The NSE had on Wednesday halted trading on the stock exchange for nearly four hours due to a technical glitch.