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With this, these states have become eligible to mobilise additional financial resources and have been granted permission to raise additional Rs 5,034 crore through Open Market Borrowings.
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The projects have been approved under the newly-launched scheme of 'Financial Assistance to States for capital projects'.
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While one can take comfort in IMF’s praise for India’s “very decisive” steps to deal with the pandemic, several challenges need to be overcome
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Setting up a BIC as a holding company or a core investment company was suggested by the P J Nayak Committee in its report on 'Governance of Boards of Banks in India'.
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This is a historic move as it will be for the first time in the history of independent India that the budget papers will not be printed.
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As these are non-interest bearing and issued at par to a bank, it would be an investment, without any return
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As per a statement from the Finance Ministry, for investors using the digit mode for subscription, the issue price of gold bond will be Rs 5,054 per gram of gold.
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Andhra Pradesh will get an additional amount of Rs 344 crore while Madhya Pradesh has become entitled to receive Rs 660 crore for capital projects.
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The girl child savings scheme Sukanya Samriddhi Yojana will offer 7.6 per cent rate during the third quarter of the current fiscal.
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CBIC had last week amended rules to make it mandatory for businesses with monthly turnover of over Rs 50 lakh to pay at least 1 per cent of their GST liability in cash.
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"On completion of reforms, additional borrowing permission of Rs 23,523 crore has been issued to them," Finance Ministry statement said.
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The decline in the GDP narrowed to 7.5 per cent in the second quarter of this financial year, over 23.9 per cent in April-June quarter
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Collections of tax on the sale of goods and rendering of services came in at Rs 1,04,963 crore in November
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Collapsing banks points to lack of proper supervision by RBI and oversight by Finance Ministry
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The government plans to sell minority stake in the insurance behemoth and list it on the bourses
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CII said that it has recommended this intervention to assist the stressed segments, primarily in the service sectors like hospitality, tourism aviation and retail
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Former Finance Secretary said he "did not share a good and productive working relationship" with Sitharaman, who came to the finance ministry "with some pre-conceived notions about me"
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The Reserve Bank on Tuesday asked all lending institutions, including non-banking financial companies, to ensure that the scheme of waiver of interest on interest for loans up to Rs 2 crore for the six-month moratorium
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The five-member Central team led by Joint Secretary for Union Ministry of Home Affairs Praveen Vasishta, will submit its report to the Centre after completing the loss estimations
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About 27 lakh MSME units received cumulative disbursement of Rs 1,36,140 crore till October 5