"finance-ministry"

Finance Ministry report suggested that maintaining a fast pace of vaccination and plugging the lags in the healthcare infra would be the most sustainable stimulus for economic recovery

The gross GST revenue collected in the month of June 2021 stands at Rs 92,849 crore of which Central GST is Rs 16,424 crore, State GST Rs 20,397, Integrated GST Rs 49,079 crore

Under GST, businesses with an annual turnover of up to Rs 40 lakh are exempt from the tax.

At the company's annual shareholder meeting, Infosys had on Saturday stated that it is working to resolve the issues and has already succeeded on some fronts.

Quoting data from Switzerland's central bank, PTI had reported on June 17 that funds parked by Indian individuals and firms in Swiss banks, including through India-based branches and other financial institutions

The grants are released as per the recommendations of the Finance Commission in monthly instalments to meet the gap in Revenue Accounts of states post devolution.

Finance Minister Nirmala Sitharaman in the Budget 2021-22 had announced a sharp increase in capital expenditure and provided Rs 5.54 lakh crore.

Given the increasing pressure on businesses, it would be imperative to extend the NCLT moratorium until December 2021, the Assocham said in its representation to the Finance Ministry

In the Revised Estimates (RE) for 2020-21, the target was set at Rs 9.89 lakh crore.

The Budget allocated Rs 20,000 crore towards the recapitalization of PSBs to help them consolidate their financial capacity.

This reflects steadfast confidence of foreign investors in the fundamentals of the Indian economy, the Finance Ministry said in a statement

The government had revised the interest rates on small savings with effect from April 1, which has now been rolled back.

Foreign Portfolio Investors (FPIs) had made a net investment of Rs 2,332 crore on February 24, 2021.

Infusion will be made in the next few days, the sources said, adding the biggest beneficiary of this round of capital infusion would be the banks that are under the prompt corrective action

The applicant should not be below the rank of a Chief General Manager of the Reserve Bank of India or equivalent thereto in other financial institutions or regulatory bodies, it said.

The government on March 2 notified comprehensive amendments to the Insurance Ombudsman Rules, 2017, with a view to improve the working of the insurance ombudsman mechanism.

The ministry on Friday released the 17th weekly instalment of Rs 5,000 crore to 23 states and 3 Union Territories

Last year, the Union Cabinet headed by Prime Minister Narendra Modi cleared proposal to provide capital support to National Insurance, Oriental Insurance and United India Insurance.

Federation of Indian Export Organisations (FIEO) President S K Saraf said certain provisions brought through the Finance Bill have "serious" bearing on exports.

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.