Page 8 - Indian Government

Indian govt portal upgrade may halt new debt issues, says merchant bankers

According to a notification from the Ministry of Corporate Affairs, the website companies use for electronic filings will not be available from January 7 to January 22

India govt, ADB sign $1.2 bn loan agreements for infrastructure projects

The Indian government and ADB on Tuesday signed loan agreements totalling $1.22 billion for developing infrastructure in various Indian states, a statement from the finance ministry said

Rahul Gandhi a warrior, not afraid of govt's might: Priyanka Vadra

Congress leader Priyanka Gandhi Vadra on Tuesday called her brother Rahul Gandhi a "warrior" and said he is not afraid of the might of the government which spent thousands of crores to destroy his image. Welcoming Rahul Gandhi and the Bharat Jodo Yatra at the Loni border as it entered Uttar Pradesh from Delhi, she said big industrialists like Adani and Ambani may have bought many a politician, PSUs and the media, but "they have not been, and will never be, able to buy my brother." People say Rahul Gandhi does not feel cold even in winter, this is because "he is wearing the shield of truth," the Congress leader said. Rahul Gandhi, who was constantly seen wearing white T-shirts even in Delhi winter during the yatra, has found media and politicians alike wondering why he does not feel cold. Priyanka said she was proud of welcoming the yatra, which entered UP traversing 3,000 kms from Kanyakumari. "Look at my elder brother, I take the maximum pride in you. Because the establishment pu

Our govt completely miscalculated: Rahul Gandhi on India-China border row

Congress MP Rahul Gandhi has slammed the Centre's view on security when it comes to Chinese aggression along the borders, saying the Modi government's "miscalculation on the global view of security"

A look at how demonetisation impacted the economy: The story in numbers

Cash in circulation rose faster after note ban, up 14%

India's current account deficit projected at $106bn: Acuite Ratings

Credit rating agency Acuite Ratings and Research has revised downward Indias current account deficit to $106 billion in FY23

MoCA asks airlines to modify check-in systems from China, 5 other countries

The civil aviation ministry on Friday asked airlines to modify their check-in systems for international passengers coming into India as part of the revised Covid guidelines, which makes a negative Covid test report a must for travellers coming from China and five other countries from Sunday. The ministry's direction comes a day after the health ministry decided to make RT-PCR negative test reports compulsory for passengers coming on all international flights from six high-risk countries --China, Singapore, Hong Kong, the Republic of Korea, Thailand and Japan. The new rule will come into effect from January 1, 2023, amid rising coronavirus cases in these six countries and some other parts of the world. Airlines are directed to modify their check-in functionalities to incorporate the changes and issue boarding passes only to those international passengers travelling from the six countries who have submitted self-declaration forms on the Air Suvidha portal, the Ministry of Civil ...

Centre's fiscal deficit for April-November period at 58.9% of FY23 target

In fact, in November the fiscal deficit widened by Rs 2.2 trillion, the highest ever in any month this financial year

Indian govt bodies world's top victims of cyber attacks in 2022: Report

Number of incidents up 8x YoY shows CloudSEK study; Railways, AIIMS, CDSL among more recent cases; political and religious motives surpass commercial in several cases

GoI faced more cyber attacks in 2022 than any other govt, says report

According to a report by CloudSEK XVigil, there was a 95 per cent rise in cyber attacks on the govt sector around the world in the second half of 2022

Reducing core inflation key to easing prices: MPC member Shashanka Bhide

Core inflation, calculated after stripping out volatile food and energy prices, has stayed above 6% for 14 months in a row, while retail inflation cooled to 5.88% in November

LIVE: Covid rising in many nations; be careful, wear masks, says PM Modi

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Buoyant tax collections cushion govt on fiscal front; ITR reforms likely

Riding on the back of a 26 per cent surge in tax collections, the government is set to unveil the next set of reforms in tax administration by pruning the number of forms available for filing Income Tax Return (ITR) to improve taxpayers' experience and reduce the time taken to file returns. Both direct and indirect tax collections have been buoyant in 2022 in clear indication of revival of the economy after the pandemic and also as a result of government efforts to plug tax leakages. Going forward, as it seeks to tighten the noose around evaders, the government may also look at stricter tax deduction norms for e-commerce and online service providers, besides online gaming. Taxation of the digital economy, ensuring developing countries get their fair share of taxes and global coordination for taxation of cryptocurrencies would be one of the priority areas as India is all set to host the leaders of G-20 countries next year. Rationalisation of long-term capital gains tax structure is

States to conduct mock drills next week to review Covid preparedness

Specific focus on oxygen plants, ventilators, logistics and human resources; aim is to check whether the equipment is in running condition, or needs refurbishment

Govt issues rules for random Covid testing of int'l arriving passengers

With random coronavirus testing of international arriving passengers set to start from Saturday, the Ministry of Civil Aviation has said that airlines' crew members will have to bring such identified passengers to the testing facility at the airport. Against the backdrop of rising coronavirus cases in China and some other parts of the world, the government has decided to subject 2 per cent of the passengers arriving on international flights to random coronavirus test starting from Saturday morning. In a communication on Friday, the ministry said that airlines are required to direct their crew members to lead and bring identified 2 per cent of international arriving passengers to the testing facility at the airport. "The airport operators would create necessary infrastructure to facilitate random testing of international arriving passengers at their respective airports," the communication said. The communication has been sent to the aviation regulator DGCA and copies have been marke

Centre may spend less on fertiliser subsidy to narrow its budget deficit

The lower fertilizer allocation will help with India's goal of cutting its budget deficit. Food and energy costs have jumped after Russia's invasion of Ukraine

Country fully prepared to deal with coronavirus situation: Scindia

The country is fully prepared to deal with the coronavirus situation, Union minister Jyotiraditya Scindia on Friday. In the wake of rising coronavirus infections in China and some other countries, the government is taking various measures, including random testing of arriving international passengers, to curb possible spread of infections. Scindia, who is in charge of the ministries of civil aviation and steel, said the country is fully prepared to deal with the coronavirus situation. Briefing reporters here about the healthcare initiatives taken by the BJP-led central government since 2014, he also expressed confidence that the country will achieve universal healthcare coverage. According to the minister, medicines have become more affordable and the out-of-pocket expenditure for medicines has come down. The share of out-of-pocket health expenditure as a percentage of total health expenditure has declined from 64.2 per cent in 2013-14 to 48.2 per cent in 2018-19. The pillars of

NIIF, India's first state-backed fund, faces questions from government

Critics inside and outside the government complain that NIIF - which handles about $4.3 billion in assets - lacks vision, decisiveness and the ability to win over investors

LIVE: Coronavirus' changing nature continues to pose danger, says Mandaviya

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India planning new rules for quicker resolution of builders' insolvency

The proposed change to the nation's Insolvency and Bankruptcy Code will permit resolution of the cases on a project-wise basis