Page 70 - Finance Ministry

No pension cut to central govt employees: FinMin refutes news of 20% cut

"It is being reported that a 20 per cent cut in central government pensions is being planned. This news is false," the ministry tweeted.

The Chakravyuh challenge

Exiting from the lockdown will be as tricky and challenging as imposing it

Coronavirus impact: Fin Min allows states to borrow Rs 3.2 trn from market

The ministry said that the Centre has decided to permit states to raise open market borrowing on the basis of 50 per cent the Net Borrowing Ceiling fixed for the year 2020-21

Centre releases another Rs 34,000 cr GST compensation to states, more soon

States, so far, have been paid pending dues till November and the remaining will be cleared in phases soon

Covid-19: Shoring up states financial muscle in times of a crisis

According to the RBI's indicative calendar for borrowing by the states in the April-June quarter, they are expected to borrow Rs 1.27 trillion

FinMin transfers Rs 17,287 crore to states to deal with coronavirus crisis

This comes a day after Prime Minister Narendra Modi held a videoconference with chief ministers on ways to tackle the escalating number of cases in the country

Finance Ministry to issue fresh notice to NDTV following SC verdict

The decision follows the Supreme Court ruling that allowed the revenue department to do so

FinMin releases Rs 17,287 cr to states to fight coronavirus pandemic

This includes Rs 6,195.08 crore on account of 'revenue deficit grant' under 15th Finance Commission recommendations to 14 states

Govt to borrow Rs 4.88 trn, 62.56% of gross target in April-Sept period

Chakraborty also said as of now, the switch and buyback plan for 2020-21 was around Rs 2.7 trillion

Covid-19 lockdown: No coercion on taxpayers to pay up, clarifies FinMin

Income-Tax department had asked field formations to contact taxpayers over phone or email to follow up on pending collections

Ensure enough cash to meet cash demand post salary transfers: Govt to banks

Banks are expecting a huge number of footfalls due to expected disbursement in Jan Dhan accounts, women beneficiaries, pension accounts and PM Kisan beneficiaries, among others

Industry calls for extended financial year due to coronavirus pandemic

The auditors cited issues such as physical verifications of inventories, fixed assets, balance confirmations, fair-value measurements, and going-concern assessments

FinMin, RBI meeting on Tuesday to decide first-half borrowing plan for FY21

According to sources, the government would resort to front-load its borrowing plan to deal with the challenges posed by COVID-19 on the economy

Centre tells states to ensure smooth movement of bank, ATM staff

Banks told to keep adequate cash at ATMs as FM announces free cash withdrawals at ATMs

UPA economy doctors' prescription to tide over coronavirus crisis

C Rangarajan, Montek Singh Ahluwalia, and Pronab Sen say the present crisis is different from the one then and requires a different prescription

FM Sitharaman's relief package: All about convenient extensions of schemes?

The announcements have extended all deadlines from March or April end to June end without quite changing the guidelines of any scheme

Centre readying an economic plan to mitigate coronavirus effect, says FM

Indian economy that had already slowed down before the outbreak of coronavirus pandemic, is in for a more difficult period in coming months with businesses almost coming to a standstill

No salary deduction for contractual staff during Covid-19 lockdown: Centre

All such workers will be deemed to be "on duty" during "such period of absence and necessary pay or wages would be paid," the order added

Coronavirus outbreak: FM Nirmala Sitharaman takes stock of situation

In four meetings, Sitharaman met Civil Aviation Minister Hardeep Puri, Animal Husbandry Minister Giriraj Singh, and Tourism Minister Prahlad Patel

No decision to discontinue printing of Rs 2,000 banknotes: FinMin

The total face value of banknotes of Rs 2,000 denomination in circulation and in currency chests was Rs 5.49 lakh crore and Rs 0.93 lakh crore, respectively.