Page 63 - Finance Ministry
Need to re-orient policy mix to rebuild economy in post-Covid world: Finmin
Ministry asserts India is on V-shape recovery path from Q2 onwards; says GDP plummeted most because of severest lockdown measures taken against pandemic
 "Need to re-orient policy mix to rebuild economy in post-Covid world: Finmin")
Finance Minister asks banks to roll out loan restructuring scheme by Sep 15
Nirmala Sitharaman asked banks, NBFCs to roll out loan restructuring scheme for Covid-related stress by September 15, and provide adequate support to the borrowers following the lifting of moratorium
 "Finance Minister asks banks to roll out loan restructuring scheme by Sep 15")
SC protects loans not declared NPAs till Aug 31 from such action for now
The Supreme Court Bench said if a loan account had not been declared bad as of the end of August, it should not be classified as NPA till the moratorium case was disposed of
 "SC protects loans not declared NPAs till Aug 31 from such action for now")
Gross GST collections in Aug down 1.11% month-on-month to Rs 86.449 cr
The gross GST collection in August stood at Rs 86,449 crore, down from Rs 87,422 crore collected in July, the Finance Ministry said on Tuesday.
 "Gross GST collections in Aug down 1.11% month-on-month to Rs 86.449 cr")
Govt writes to states, suggests borrowing options to meet GST shortfall
States could borrow via a special window centre will facilitate through the RBI or they may raise debt from the market, says finance ministry
 "Govt writes to states, suggests borrowing options to meet GST shortfall")
Icra finds FinMin's estimates of GST compensation gap much smaller
Estimates by Icra put the total gap at Rs 2.92 trillion against the ministry's estimates of Rs 2.35 trillion
 "Icra finds FinMin's estimates of GST compensation gap much smaller")
States seek 7 days on options as Centre says GST collection impacted
The coronavirus pandemic was an "act of God" that may even lead to contraction in the economy, says Finance Minister.
 "States seek 7 days on options as Centre says GST collection impacted")
Demonetisation, GST & more; Arun Jaitley's contribution to Indian politics
With Jaitley as the finance minister, the Modi government was able to take several key economic initiatives like demonetisation and the implementation of the GST
 "Demonetisation, GST & more; Arun Jaitley's contribution to Indian politics")
GST reduced tax rates, doubled taxpayer base to 12.4 million: FinMin
The number of assessees covered by the GST at the time of its inception were about 6.5 million
 "GST reduced tax rates, doubled taxpayer base to 12.4 million: FinMin")
'I Miss my friend a lot': PM Modi on Arun Jaitley's death anniversary
The Prime Minister also tagged a video of his comments during a prayer meeting in his memory
 "'I Miss my friend a lot': PM Modi on Arun Jaitley's death anniversary")
GST has reduced the rate at which people have to pay tax: Finance Ministry
GST has helped increase compliance and doubled taxpayer base to 12.4 million, the ministry said in a series of tweets
 "GST has reduced the rate at which people have to pay tax: Finance Ministry")
FinMin should remove irritants in in-bond manufacture scheme
The finance ministry deserves appreciation for trusting manufacturers. But there are still some issues regarding the in-bond manufacture provisions, which need due attention
Rs 1.51 tn disbursed to MSME sector under emergency credit plan, says govt
There has been a big jump in the sanctions in the last 15 days, says finance ministry.
 "Rs 1.51 tn disbursed to MSME sector under emergency credit plan, says govt")
Banks sanction over Rs 1 trillion concessional loans to KCC holders
The Finance Ministry said banks have sanctioned over Rs 1 trillion concessional loans to Kisan Credit Card (KCC) holders to help farmers meet financial requirements during the COVID-19 crisis.
 "Banks sanction over Rs 1 trillion concessional loans to KCC holders")
FinMin says NSDL will create awareness about National Pension System
The Finance Ministry on Tuesday said NSDL e-Governance Infrastructure Ltd will undertake an exercise to create awareness among people about the National Pension System (NPS)
 "FinMin says NSDL will create awareness about National Pension System")
Handling the dollar rush
More often than not a dollar deluge is primarily due to a sudden and large capital inflow, and not a compression of imports
Govt keen to speed up stake sale in four PSU banks this fiscal: Report
Govt wants to overhaul the banking sector and is also pushing for privatisation of banks and other PSUs to help raise funds for budgeted spending amid a fall in tax collections
 "Govt keen to speed up stake sale in four PSU banks this fiscal: Report")
Taxpayers don't need to mention high-value transactions in ITR form: Report
Government is not considering any modification in the ITR form
 "Taxpayers don't need to mention high-value transactions in ITR form: Report")
FinMin defends proposal to bring some expenditures under I-T scanner
Sources say burden on reporting transactions will not fall on assessees
 "FinMin defends proposal to bring some expenditures under I-T scanner")
Working on pay norms of retired officials, re-appointed on contract: FinMin
The expenditure department has framed draft regulations for salary payments in case of appointment of retired central government employees
 "Working on pay norms of retired officials, re-appointed on contract: FinMin")
