Page 56 - Finance Ministry

High-level FSDC deliberates on measures to accelerate growth momentum

The FSDC is the apex body of sectoral regulators, headed by the finance minister

India Inc seeks growth-oriented budget, higher health spend from FM

Says fiscal consolidation be pushed for later years or formulated from three-year perspective

FM Nirmala Sitharaman takes stock of schemes under Atmanirbhar Bharat

Public sector banks have approved purchase of portfolio of Rs 27,794 crore as of December 4, 2020

Banks sanctioned Rs 2 trn loans to MSMEs for Covid-19 impact: FM Sitharaman

Banks sanctioned loans worth Rs 2 trillion to about 81 lakh accounts under the Rs 3-lakh crore Emergency Credit Line Guarantee Scheme for the MSME sector that was impacted by Covid, Sitharaman said

FinMin approves Rs 9,879 cr capital expenditure proposal of 27 states

Of this, Rs 4,939.81 crore has been released in the first tranche

I-T refunds worth Rs 1.45 tn issued to 89 lakh taxpayers: Finance ministry

This includes personal income tax (PIT) refunds during this period

Sebi to have dept to check price manipulation, misuse of IPO funds

The move comes close on the heels of an extensive discussion it had with the finance ministry in November.

States, UT lift 18.68 mn tonnes of foodgrains under free food scheme

The scheme was extended by five months in July

Govt pays MSMEs Rs 21,000-cr dues in seven months over procurements

The highest level of procurement was achieved in October (over Rs 5,100 crore) and payment of over Rs 4,1000 crore was made.

PDS reforms done, 9 states get govt nod to raise Rs 23.5K cr from markets

These states include Andhra Pradesh, Gujarat, Goa, Haryana, Karnataka, Kerala, Telangana, Tripura and Uttar Pradesh.

Cabinet clears proposed MoU between Sebi, Luxembourg financial regulator

CSSF is the competent authority for the prudential supervision of the entire Luxembourg financial centre, except for the insurance sector

One nation, one ration card: 9 states can raise Rs 23,523 cr from markets

These nine states have received permission from Union finance ministry to raise additional funds from the markets as they have implemented the 'one nation, one ration card' reform

Assocham seeks 200% tax deduction Covid-19 vaccine development expenditure

Industry body Assocham urged the Finance Ministry to allow 200 per cent deduction in tax computation for the expenditure on research and development of the Covid-19 vaccine in the Budget for 2021-22

India Inc borrowings from foreign markets down 41% to $2.03 billion in Oct

No amount was raised by way of rupee-denominated bonds (RDBs) or masala bonds during the month under reporting in 2020 and 2019

Centre's GST compensation formula gets approval from all states, UTs

Jharkhand, the only remaining state, has now communicated its acceptance of Option-1 given by the Centre

Chhattisgarh opts for special window for GST compensation; Jharkhand left

Now all states, except Jharkhand, have opted for Centre's borrowing options. Recently, Punjab, Kerala and West Bengal also accepted Centre's proposal after much opposition

Optimistic about revival in Q3, says FinMin in monthly economic review

FinMin said there were no fundamental or structural factors behind the GDP contraction

Fiscal fault lines

Govt finances might affect economic recovery

Top headlines: FinMin hopeful about Q3 revival, services growth slows

Flipkart is doing a partial spin-off of PhonePe. More on that story in our top headlines of the day.

GST mop-up crosses Rs 1 trn for second straight month on festive sales

Experts attribute it to festive season demand; warn it may not be sustainable