Page 60 - Finance Ministry

JICA, WB may power Delhi-Alwar rapid rail; India in talks for $3 bn funding

The project will be completed in three stages and the govt is seeking funds for stage 1

Oppn states object as Centre favours Option 1 at GST Council meet

After high drama at GST Council meet, FM Sitharaman agreed to reconvene to reach consensus

Has India crossed Covid-19 peak? Five key updates about the virus

Health minister has revealed country's vaccination plans for coronavirus. 200-250 million of India's population will get the vaccine by July 21

Finance ministry pins hopes on festive season for growth momentum

The Finance Ministry, however, cautioned that the spread of Covid-19 and an increase in precautionary personal savings posed risks to the prospects of economic expansion.

Reforms to mitigate Covid-19 impact will ensure long-term growth: FinMin

The implementation of 'Aatmanirbhar Bharat' package and unlocking of the economy have ensured that economic recovery in India has gained momentum

September data showing credible signs of economic growth: Finance Ministry

The ministry said that earnest efforts made by the government in last few months during coronavirus period have now started showing the green shoots

Govt to bear interest on interest for small borrowers during moratorium

Any individual whose loan amount is less than Rs 2 crore will be eligible for waiver of the compounding of interest.

FM not averse to providing further economic stimulus, says source

Asserts that recent trends of economic recovery are testimony to government's intervention

GST compensation row: States may seek 3-member dispute resolution body

2011 Bill outlined such a structure, but it was not included in Act

Finance Ministry allows additional Rs 7,106 cr borrowing by UP, AP

The Centre on Friday permitted Uttar Pradesh and Andhra Pradesh to go for an additional borrowing of Rs 7,106 crore, to meet their expenditure requirements amid falling revenues due to Covid-19

57 mn e-way bills generated in Sep; signs of economic growth: Finance Secy

Finance Secretary said more than 57.4 million e-way bills have been generated in September and these are affirmative signs of economic growth

Union Budget 2021: Finance Ministry to start budgetary exercise from Oct 16

The Finance Ministry issued a Budget circular on Thursday evening, which contains necessary instructions and deadline for submission of details by different central ministries and departments

GST mop-up rises 4% to Rs 95,480 cr in Sept as recovery picks up pace

The data comes in the backdrop of simmering tension between the Centre and states over the promised compensation and ahead of the Council meeting on Monday

Budget 2021: Finance Ministry to kick-start budgetary exercise from Oct 16

It will be the third budget of the Modi 2.0 government and Finance Minister Nirmala Sitharaman

We are converting crisis into opportunity, says FM Nirmala Sitharaman

People have every right to think whether fiscal support was adequate or whether it wasn't. As regards any further help or stimulus, I've kept my options open, said FM Sitharaman

Recovery patchy; stimulus at appropriate time: FM Nirmala Sitharaman

FM Sitharaman said the government has turned the crisis into an opportunity as directed by the prime minister and has brought in several systemic reforms

Govt to borrow Rs 4.34 trillion in second half of FY21: Finance Ministry

The Finance Ministry said the government will borrow Rs 4.34 trillion in the second half of the current fiscal to meet its expenditure requirement amid Covid-19 crisis afflicting the economy

Govt considers selling 25% stake in LIC to plug widening budget gap: Report

The government plans to amend the act of parliament under which the state-run LIC was set up to prepare for the sale, the people said, asking not to be identified as the discussions were private

Loan moratorium: SC adjourns hearing to Oct 5 as govt seeks more time

The apex court had earlier adjourned the hearing on September 10 directing that all decisions taken by the RBI, the Government of India, or the banks be placed before it for consideration

Centre to contest Vodafone arbitration award, reach out to global funds

The finance ministry is certain that whenever the company approaches an Indian court with a request for the enforcement of the award, it shall be opposed