Page 58 - Finance Ministry

Govt employees can make purchases in family member's name under LTC plan

So far employees had only Leave Travel Concession (LTC) benefits on travels made or forgo the amount

Centre releases Rs 6,158 cr to 14 states as revenue deficit grant

A similar amount was released as grant in the April-October period of the current financial year.

India likely to reach pre-Covid growth levels by fiscal-end: Finmin

Warns second Covid wave may derail recovery as breach of social distancing is being observed

FM to unveil another stimulus soon, says Economic Affairs Secretary

The Finance Ministry is looking into suggestions and requests received from various sectors of the economy, he said in a virtual conference with media

Bank of Baroda withdraws order reducing free cash transactions

The government said that none of the state-owned banks proposed to raise bank charges in the near future in view of the Covid-19 pandemic

Govt may allow EPFO to invest in cash-starved infra sector through AIFs

At present, the EPFO is mandated to invest 20-45 per cent of its incremental funds (of around Rs 1.5 trillion) in debt-related instruments

Govt extends emergency credit line guarantee scheme till November 30

Earlier deadline was Oct 31, Under the scheme, 100% guarantee is provided by National Credit Guarantee Trustee Co for additional funding of Rs 3 trillion to borrowers

GST shortfall: Centre to transfer Rs 6,000 crore to 16 states, three UTs

The Centre had on October 23 transferred Rs 6,000 crore to 16 states and 2 UTs of Delhi and Jammu and Kashmir

FM Sitharaman insisted on my transfer from North Block, says S C Garg

Former finance secretary Garg had last year opted for voluntary retirement after being transferred to Power ministry

Govt's scheme for FPOs/FPCs catches eye of KPMG, EY, and Grant Thornton

The NPMA will provide project guidance, data maintenance, and monitoring to the 10,000-odd FPCs.

IT refunds of Rs 1.27 trillion issued so far this fiscal, says Finance Secy

He said the quick refund payment system is fully automated and transparent and the revenue department is monitoring the refund system every week

GST e-invoices jump threefold within a month of launch, shows data

About 18,111 GST identification numbers (GSTINs) used e-invoicing as of Thursday, compared with 8,000 on the first day.

Finance Ministry notifies extended deadline for 2019-20 ITR filing

The finance ministry has notified the extended due date for filing income tax returns (ITR) for the 2019-20 fiscal

People opting for lower tax regime not eligible for LTC stimulus: Govt

LTC incentive expanded to employees of the private sector, the public sector units and state governments.

Simply explained: Loan moratorium interest waiver scheme for borrowers

In this podcast, Business Standard's Sanjay Kumar Singh answers all your questions and try to explain in detail about the reimbursement plan

FinMin rules out Covid-19 vaccination cess, but not averse to charging rich

There was speculation that a one-time special Covid-19 cess would be imposed and that it would raise an estimated Rs 18,000 crore

Jump in returns filing may take GST mop-up to Rs 1 trillion this month

Experts say this may sustain for the next three months

Delhi High Court defers hearing in petitions against NAA to December 7

50 petitions pending in court, court asks each petitioner to submit its arguments within five pages

Govt staff can submit several bills to avail LTC voucher scheme benefit

Till now, employees got LTC benefits only on travels made, or had to forgo the amount.

Finance ministry rejects railways' request to bear pension expenses

Reminds national transporter of its autonomy; asks it to rationalise freight