Page 67 - Finance Ministry

Finance Ministry releases Rs 6,195 cr revenue deficit grant to 14 states

The grant released includes Rs 1,276.91 crore to Kerala, Rs 638 crore to Punjab, and Rs 417.75 crore to West Bengal

Centre likely to rework NHAI financing plans amid Covid-19 crisis

A committee, under the chairmanship of Nilesh Sathe, former member of the Insurance Regulatory and Development Authority of India (IRDAI), has been set up.

Private banks not implementing Rs 3 trn loan MSME scheme: RSS body to FM

Sitharaman had called Laghu Udyog Bharti general secretary Govind Lele to seek feedback on the implementation of Rs 3-trillion Emergency Credit Line Guarantee Scheme

Covid-19 crisis: No new scheme for a year as govt tightens purse strings

New schemes, up to Rs 500 crore, which have already been appraised by the departments and ministries, would also be suspended in the current financial year.

Covid-19: Govt not to launch any schemes for a year, says finance ministry

Spending will only be allowed in the Prime Minister Garib Kalyan Yojana and measures announced under the Atmanirbhar Bharat policy to boost domestic business

Charging interest during loan moratorium 'detrimental', says SC bench

Bench seeks reply from FinMin, RBI; next hearing June 12

SC seeks finance ministry's reply on waiver of interest during moratorium

The top court said there are two aspects under consideration in this matter no interest payment on loans during the moratorium period and no interest to be charged on interest

Have given cash support to 42 cr poor people till June 2, says govt

Under the package, the government announced free food grains and cash payments to women and poor senior citizens and farmers

The problem of tax buoyancy

The Union government's tax buoyancy has never been very high

Tax devolution to states to be 30% lower than Budget estimates: Icra study

The projected figure to be 16.2 per cent lower than even FY20 numbers

Back to February 28

Variation between revised and final Budget numbers has grown

Bharat Bond ETF second tranche worth Rs 14,000 cr to hit market in mid-July

In December, 2019, Bharat Bond ETF mobilised Rs 12,400 crore

States' GST compensation requirement to swell to Rs 4.1 trn in FY21

This is equivalent to 2.1 per cent of the country's estimated GDP

CBIC clears Rs 11,052 crore GST refund claims since Apr 8 to benefit MSMEs

he finance ministry had on April 8 said that to provide relief during the cor it has been decided to issue all pending GST and custom refunds

Weekly economic indicators show more signs of life as economy trudges back

Business Standard tracks weekly economic indicators as a means of better understanding how the economy is doing in the lockdown

Statsguru: Value erosion in PSUs can limit govt's disinvestment target

All sectors will be opened up for private firms and PSUs will be privatised in non-strategic sectors

'Govt, RBI should take more steps to revive economy'

No economic revival and reform package can please all and so, divergent views have come in regarding whether the package adequately addresses the challenges

India may register recession in Q3 of this fiscal over Covid-19: Report

The country's economic recovery will depend on the efficacy and duration of implementation of the government's stimulus package, it adds

Covid-19 lockdown: No proposal to impose calamity cess, say FinMin sources

The sources said any such proposal would prove to be counter-productive as sales are already at low volume at this time of lockdown.

Defence budget may be slashed by 40%, may save Centre Rs 80,000 crore

Addressing an audience of defence analysts in Delhi, the MoD official confirmed reports that the government had ordered the military to limit its first quarter