Tag: Finance Ministry
17 Results
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Finance Ministry relaxes spending norms to boost capital expenditure
To enable ministries/departments expedite capital expenditure, it said, the cash management guidelines issued by the Ministry of Finance under the OM of 2017 have been relaxed.
April 24, 2021 -
NSDL shortlists Additional Secretary in FinMin for top job
NSDL provides infrastructure that handles most of the securities held and settled in dematerialised form in the Indian capital market.
March 18, 2021 -
17 states implement ‘One Nation One Ration Card system’
In a statement the Finance Ministry said the states completing One Nation One Ration Card system reform are eligible for additional borrowing of 0.25 per cent of Gross State Domestic Product (GSDP).
March 12, 2021 -
GST compensation shortfall released to states touches Rs 1L Cr
Seventeen rounds of borrowings have been completed so far starting from 23rd October, 2020.
February 20, 2021 -
Rs 5,000 cr more sent to states for meeting GST compensation shortfall
Amount of Rs 4,597.16 crore has been released to 23 states and an amount of Rs 402.84 crore has been released to 3 Union Territories.
February 16, 2021 -
Centre to infuse Rs 3,000 cr in PSU general insurers in Q4 FY21
The infusion will be done after the supplementary demands for grants is passed by parliament which will reconvene on March 8.
February 15, 2021 -
Finance Ministry to present paperless Budget 2021- a first since Independence
Reports suggested the government has received permission for the same from both the Houses of Parliament.
January 11, 2021 -
FICCI suggests infra push, rationalising of GST slabs in FY22 budget
It noted that measures to revive the growth cycle, creation of jobs are of paramount importance in the current scenario.
December 18, 2020 -
Pre-budget meetings for FY2021-22 to begin from October 16
The circular further said that the ceilings for all categories of expenditure, including Central Sector and centrally sponsored schemes will be discussed.
October 2, 2020 -
GST reduced tax rates, doubled taxpayer base to 1.24 cr: FinMin
GST, which subsumed about 17 local levies, was rolled out on July 1, 2017. Jaitley held the finance portfolio in the first term of the Modi government since 2014.
August 24, 2020 -
GDP to contract 4.5% in current FY due to impact of coronavirus: Centre agrees with IMF’s prediction
'The economic growth of pre-COVID times, as and when restored through fuller unlocking of the economy, will heavily lean on the reforms undertaken today to enhance its potential tomorrow.'
July 6, 2020 -
FinMin amends tax challan for equalisation levy payment deposits by non-resident e-commerce firms
Under the new law, the first instalment is due on July 7 for the equalisation levy charged on supplies in the first quarter of the financial year ending June 30.
July 4, 2020 -
Coronavirus impact: No new schemes till March 2021, says Govt; only special relief packages to continue
With this move, only PM Gareeb Kalyan package and the Aatmanirbhar Bharat Abhiyan package will be in function till March next year.
June 5, 2020 -
Covid-19: Government raises gross market borrowings to Rs 12 lakh crore in FY21
The increase in borrowing has been done in consultation with the Reserve Bank of India.
May 9, 2020 -
Finance Ministry extends various time limits under Taxation and Benami Acts
This is one of the measures taken to provide relief to the people since the outbreak of Novel Corona Virus (COVID-19), termed as a pandemic by the World Health Organisation (WHO).
March 31, 2020 -
Govt notifies reconstruction scheme for crisis-hit YES Bank, moratorium to end in ‘3 working days’
Last week, the RBI placed YES Bank under moratorium and capped the withdrawal limit at Rs 50,000 till April 3, due to deteriorating financial health of the bank.
March 14, 2020 -
ED arrests Yes Bank founder Rana Kapoor for alleged fraud
The case against Kapoor is linked to the scam-hit Dewan Housing Finance Corporation (DHFL) as the loans given by the bank to the company allegedly turned sour.
March 8, 2020