Page 68 - Finance Ministry

More measures to deal with Covid-19 crisis soon, says Anurag Thakur

Since the outbreak of the pandemic, the government has taken several steps to mitigate the hardships of the people due to lockdown and support growth, Thakur told PTI in an interview.

Govt scrutiny on new portfolio investors from China, Hong Kong: Report

The discussions come weeks after the central government said it will screen all foreign direct investment (FDI) from countries with which it shares a land border

No restrictions on utilisation of additional borrowing by states: FinMin

It is to be noted that the basic limit of 3 per cent remains unconditional, while only additional one per cent out of the two is linked to citizen centric reforms, Finance ministry official said.

Finance Ministry cautiously optimistic about economic revival in late FY21

In its macroeconomic report, the finance ministry did not reveal its projections for 20120-21

Actual GDP growth in FY21 depends on intensity of Covid-19: FinMin Report

The report, prepared by the Economic Affairs Division of the Finance Ministry, took comfort from an IMF note which projected a growth rate of 1.9 per cent for the current fiscal

Govt extends deadline to fulfill contractual obligations by up to 6 months

It further said that the period of extension (three and six months) may be decided based on the specific circumstances of the case and the period for which performance was affected

States need resources

During pandemic, Centre must not constrain states

Stimulus 2.0: Rs 40,000-crore boost to MGNREGS was a work in progress

The sum was debated and it became clear it would have to be similar in scale to the support given under the Pradhan Mantri (PM) Garib Kalyan Yojana (PMGKY)

FM extends Rs 3.2-trillion stimulus to migrant workers and farmers

Migrant workers, farmers, street vendors, middle income groups to benefit ; Experts say implementation will be key, call for package to boost demand now

All 9 Steps FM Nirmala Sitharaman announced in second tranche

Listen to the podcast to know about all the nine measures Finance Minister announced today

FinMin may defer google tax on e-commerce firms based abroad to September

Move after evaluating the challenges faced by digital firms amid pandemic

Restarting the economy

The first tranche of the stimulus package focuses on liquidity

Clear picture of April GST collections will come by June-end: Finance secy

The government had in March extended the deadline to file GST returns for taxpayers with turnover of over Rs 5 crore by 15 days till May 5

15 different measures FM Nirmala Sitharaman announced today

Among 15 measures announced - 6 are for MSMEs, 2 related to EPF and 2 related to MFIs, 1 to discoms, 1 to contractors, 1 to real estate, and 2 tax measures

Govt mulls tax holiday for companies making new investments in India

The finance ministry is considering a commerce ministry proposal on this, according to a Bloomberg report

Centre releases Rs 6,195 crore to 14 states to fight coronavirus crisis

This would provide them additional resources during the coronavirus crisis, the finance ministry said

No proposal to cut salary of central govt employees, says Finance Ministry

The denial comes after television news channel Times Now claimed that the government was planning on cutting salaries of Central Government employees by 30 per cent

Govt hikes market borrowing limit by over 50% to Rs 12 trillion

The government resorts to market borrowing to make up for the mismatch between its revenue and expenditure.

Govt appoints Tarun Bajaj as Director on Reserve Bank Central Board

As a Joint Secretary in the Department of Financial Services for four years, he was looking after the insurance division

Finance Ministry, LIC start contact tracing to assess Covid-19 aid

At 2.7%, life insurance penetration in India is lower than Western & Asian peers