Page 72 - Finance Ministry

Govt eases FPIs registration process, notifies common application form

The applicants seeking FPI registration need to fill the common form prescribed by the regulator, declaration providing supporting documents and applicable fees for registration and issuance of PAN

States may not get GST compensation in full, says Finance Ministry

Centre for rate hike to make up for Rs 30K-cr revenue gap

Govt clocks Rs 40,000 cr in public procurement transactions through GeM

Towards this, the government has recently revised the general financial rules (GFR) and procurement manuals, and made advances in the use of technology in procurement

Govt to reintroduce FRDI Bill, no timeline yet: FM Nirmala Sitharaman

FRDI was withdrawn in August 2018 after a backlash on a clause that put the onus on depositors to 'bail in', in case of bank failure

Budget 2020: Sitharaman reaches Finance Ministry, meets President Kovind

Sitharaman will present her second budget in the Parliament at 11 am today. Before presenting the budget, she will meet President Ram Nath Kovind

Budget 2020: Govt may increase spending on infra, offer tax incentives

In annual economic report, the government predicted that economic growth would pick up to 6.0% to 6.5% in the fiscal year beginning April 1

Briefcase or bahi-khata: What will FM carry for Budget 2020 presentation?

On the day of 2019 Union Budget presentation, Sitharaman broke away from long-standing traditions of colonial-era when she ditched the briefcase and opted for traditional bahi khata

Govt may impose curbs on furniture imports to boost domestic manufacturing

The Department for Promotion of Industry and Internal Trade has suggested to its commerce counterpart to put the restrictions

Budget 2020: DPIIT seeks more funds to boost infrastructure in hinterland

The government had severely cut down on expenditure in this area, with the 2019-20 (FY20) Budget providing Rs 909 crore, down from the RE of Rs 1,707 crore in the earlier one.

Demystifying Budget 2020: FinMin to start social media campaign from Jan 22

The ministry has also launched another campaign on Budget promises and delivery with tag '#HamaraBharosa'.

K V Kamath, Swapan Dasgupta may be inducted into govt in Cabinet reshuffle

With the Modi government having completed nearly eight months of its second term, speculation is rife regarding the first major reshuffle of the Cabinet and the council of ministers

Governance in India has been economics illiterate; here's how to fix it

The government needs to appoint economists in secretary level positions in all ministries for things to improve

An agenda for Dr Patra

I am sure Dr Patra will get the fullest cooperation from the finance minister, who needs workhorses, not prima donnas constantly looking to improve their CVs

FinMin revises target for GST collection in FY20; aims mop-up at Rs 1.5 trn

The government aims to collect Rs 10,000 crore more than what was targeted earlier at a time when all months till December in FY20 yielded less than Rs 1.1 trillion, except for April

Centre likely to impose 25% safeguard duty on single-mode optical fibre

Imports in the category jumped three times to $ 180 million in 2018-19, from only $51.3 million in the preceding year

Moral hazard

Instead of immunity, India needs simpler tax laws

FinMin may use more cash management bills in FY21 to meet debt obligations

Though the Union Budget 2020 will decide the fiscal deficit for the next financial year, it is now almost certain that the current fiscal deficit of 3.3 per cent may be unattainable

Budget 2020: DoT to meet industry on Jan 6 to discuss wishlist and issues

The telecom department plans to formally write to the Ministry of Finance in the first half of January, post the meeting

Sale of 13th tranche of electoral bonds from Monday: Finance ministry

Electoral bonds can be purchased by a person who is a citizen of India or incorporated or established in India

Advance estimates of GDP to be released today, may not be closer to reality

The Reserve Bank of India has already cut its earlier projections and now projected the growth to be 5 per cent for the year