Page 48 - Finance Ministry

Finance Ministry asks RBI to ensure a higher dividend for govt in FY22

RBI advises against any change in inflation goalposts, monetary policy targets

FM Sitharaman explains govt priorities in post-Budget address to RBI

The meeting on Tuesday was chaired by RBI Governor Shaktikanta Das through video conferencing

Finance Ministry asks ministries to surrender savings of FY21 by March 20

The fund if not utilised lapses at the end of March 31 as the new Budget through the Finance Act comes in to force from new financial year which begins on April 1

GST shortfall: FinMin releases weekly instalment of Rs 6,000 cr to states

This takes the total amount released so far to Rs 95,000 crore

FinMin to infuse Rs 3,000 cr in state-owned general insurers this quarter

Last year, the Union Cabinet headed by Prime Minister Narendra Modi cleared proposal to provide capital support to National Insurance, Oriental Insurance and United India Insurance

Reimagining the DFI: The role has to be thought through creatively

It was clear even when the business blueprint of IDFC Ltd was being drawn up that a model based on a DFI which floated bonds (retail or wholesale) may not work

FM Sitharaman seeks Parliament nod for Rs 6.3-trillion extra spending

Demand includes highest ever net cash outgo of Rs 4.12 trillion in the second supplementary demands for grants

Finmin pins hope on vaccine drive for robust recovery in services sector

GDP contraction of 7.7% is much smaller than expected, DEA says

Govt to bring forward a Crypto Bill soon: Clear definitions, no grey areas

Operationalising the ban is being fleshed out by Centre

FinMin permits Rs 2,731 crore add'l borrowing by Rajasthan post reforms

The Finance Ministry on Tuesday said it has permitted Rajasthan to borrow an additional Rs 2,731 crore after the state undertook reform in 'one-nation one ration card' system.

India in talks with Dutch lawyers to file an appeal against Cairn verdict

India is expected to take a stand that the government has the sovereign right of taxation and private individuals cannot decide on that

Exporters shouldn't rely much on subsidies from govt

The government has introduced the Agriculture Infrastructure and Development Cess that will be levied on select imported goods and petroleum products

Rs 79,398-crore special support from FinMin may save Covid-hit railways

Even before Covid-19 struck, the national transporter was so short of money that it could provide for only a third of its annual liability.

Interest on public debt may eat away half of govt tax revenue in FY21, FY22

Expenditure on interest will account for 52.4 per cent of the central tax revenues in FY22

A closer look at the Budget

There are some areas of concern, though the government has done well to put an end to subsidy fudging and come clean on numbers

Four states to borrow addl Rs 5,034 crore post ease of doing biz reforms

The Finance Ministry has granted permission to four states of Assam, Haryana, Himachal Pradesh and Punjab

With $590 bn forex reserves in kitty, India now 'net creditor': MoS Thakur

India now has forex reserves of over $590 billion, the highest ever, up by $119 billion over the previous year

Budget may help pare FCI dues, but risk of cost overrun remains

The Budget has allocated around Rs 4.22 trillion for food subsidy. Of this, FCI's share is around Rs 3.44 trillion

Govt confident of achieving growth of nearly 11.5%, says Anurag Thakur

Thakur also said that the government is focused on a clean up exercise in the banking system and setting up a bad bank was among the steps in that direction

MSMEs seeking factoring credit should get ratings: Parliament panel to govt

There is often delay in MSMEs getting payment against their bills for supplying to various buyers