Ministry of Finance

Rain-hit states get Rs 7,532 crore disaster funds

The Centre has taken note of heavy rains this year and relaxed guidelines to release the amounts immediately, without waiting for utilisation certificates of the funds provided in the last financial year.

GST collections in September surges 26 per cent to Rs 1.47 lakh crore

The gross revenue from goods and services tax (GST) collected in the month of September 2022 is Rs 1,47,686 crore , according to the data released by the Union Ministry of Finance on Saturday. CGST is Rs 25,271 crore, SGST is Rs 31,813 crore, IGST is Rs 80,464 crore (including Rs 41,215 crore collected on import of goods) and Cess is Rs 10,137 crore (including Rs 856 crore collected on import of goods).

Nirmala Sitharaman chairs 26th meeting of FSDC

The Financial Stability and Development Council took stock of the preparations for the deliberations over financial sector issues to be taken up during India’s G20 Presidency in 2023.

Finance ministry brings quarterly report on debt management

During Q2 of FY22, the Central Government issued dated securities worth Rs 3,83,863 crore as against Rs 3,18,493 crore in Q1 of FY21, while repayments were at Rs 34,070 crore. The weighted average yield of primary issuances increased to 6.26 per cent in Q2 FY22 from 6.11 per cent in Q1 of FY22.

Revenue Deficit Grant of Rs 9,871 Cr released to 17 states

The States recommended for the PDRD Grant by the Fifteenth Finance Commission are: Andhra Pradesh, Assam, Haryana, Himachal Pradesh, Karnataka, Kerala, Manipur, Meghalaya, Mizoram, Nagaland, Punjab, Rajasthan, Sikkim, Tamil Nadu, Tripura, Uttarakhand and West Bengal.