Page 55 - Finance Ministry

Total government liabilities rise to Rs 107 trillion in Q2: Finmin report

The weighted average yield on primary issuances of dated securities showed further moderation to 5.80 per cent in Q2 of FY21 from 5.85 per cent in Q1 FY21, it said

FinMin lets Odisha borrow extra Rs 1,429 cr post ease of doing biz reforms

The ease of doing business is an important indicator of the investment-friendly business climate in the country

Deadline for filing income tax returns by individuals extended to Jan 10

'Continued challenges' faced by people in the coronavirus pandemic prompts tax department to extend deadlines.

FinMin backs new GST rule, says it's not for MSMEs, certain I-T payers

Asserts that the move to ask companies above a threshold to pay one per cent of GST liability in cash targets fake invoicing

Panel likely to meet on Monday to finalise strategic sale of BEML

The panel will meet to finalise the preliminary information memorandum and expressions of interest, said a government official.

GDP contraction to job losses amid Covid-19: 2020, the year of new lows

The economy floundered, manufacturing contracted and job losses mounted across sectors and skill levels. The urban work force was hit the hardest.

MSMEs, small dealers not to be affected by 1% cash GST payment rule

Small businesses and dealers will not be impacted by the new government rule of paying at least 1 per cent of GST liability in cash

Centre's LPG subsidy bill likely to be lower next year, say experts

The steep fall in crude oil prices coupled with a gradual rise in the price of subsidised domestic LPG cylinders had brought relief to the Centre this year

IDBI Bank stake sale in limbo as govt faces legal hurdles in exit

The hurdle might push the government's plan to sell its entire stake in the lender to the next financial year

Pre-Budget talks: FinMin gets suggestions on fiscal policy, green growth

The government received a host of suggestions concerning fiscal policy, taxation and green growth, among others

Vodafone arbitration appeal deadline ends today, but govt still uncertain

FM's meeting with officials on arbitration appeal last week inconclusive

Govt plans to set up a development finance institution: DFS Secy

The government plans to set up a Development Finance Institution (DFI) in the next three to four months

Industry seeks front-loading infra spend, tax breaks in upcoming Budget

To incentivise investments in infrastructure, the Federation of Indian Chambers of Commerce & Industry (Ficci) has sought tax exemptions

CII urges finance ministry to impose basic custom duty on solar equipment

Industry body CII has urged the Ministry of Finance in its memorandum submitted on Monday to impose the basic custom duty (BCD) on solar equipment as announced in the last general Budget

8th instalment of Rs 6,000 cr released to states to meet GST shortfall

The Ministry of Finance has released eighth weekly installment of Rs 6,000 crore to states to meet the Goods and Services Tax (GST) compensation shortfall.Of this, Rs 5,516.6 crore has been released to 23 states and an amount of Rs 483.4 crore has been released to the three union territories with legislative assembly (Delhi, Jammu & Kashmir and Puducherry) which are members of the GST Council.The remaining five states -- Arunachal Pradesh, Manipur, Mizoram, Nagaland and Sikkim -- do not have a gap in revenue on account of GST implementation, according to an official statement released on Monday.The government had set up a special borrowing window in October to meet the estimated shortfall of Rs 1.1 lakh crore in revenue arising on account of implementation of GST.The borrowings have been done in seven rounds. The amount has been borrowed this week at an interest rate of 4.1902 per cent. So far, an amount of Rs 48,000 crore has been borrowed by the Central government through the .

Beyond Headlines: Govt must invest in small-gestation projects to expedite recovery

Finance Ministry permits five states to borrow extra Rs 16,728 crore

The government had in May decided to link grant of additional borrowing permission to states with reforms undertaken by them to facilitate ease of doing business

Pace of reforms to continue in coming months: DEA secy assures investors

Economic Affairs Secretary Tarun Bajaj on Friday assured investors that the pace of reforms would continue in the coming months, including in the upcoming Budget.

Deadline for states to execute reforms to avail addl borrowing extended

The Finance Ministry has extended the deadline till February 15 for states to implement reforms like one-nation one ration card

Disinvestment will now gain a lot of momentum: Finance Minister Sitharaman

Finance Minister Nirmala Sitharaman said the pace of disinvestment will now gain a lot of momentum, and those which have already found cabinet approval will be taken up with all earnestness