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"finance-ministry"

  • Telangana gets additional Rs 179 crore for capital expenditure

    The projects have been approved under the newly-launched scheme of 'Financial Assistance to States for capital projects'.
  • Air of optimism

    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
  • Finance Ministry evaluating PSB recapitalisation avenues

    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'.
  • Covid disturbs traditions: In a first, Budget to go paperless

    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.
  • RBI raises concerns over zero-coupon bond

    As these are non-interest bearing and issued at par to a bank, it would be an investment, without any return
  • Govt to give discount to investors under gold bond scheme

    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.
  • MP, Andhra rewarded for completing reforms; get Rs 1,004 cr capex boost

    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.
  • Interest rate on PPF, NSC, other small savings schemes unchanged for Q4

    The girl child savings scheme Sukanya Samriddhi Yojana will offer 7.6 per cent rate during the third quarter of the current fiscal.
  • MSMEs not to be affected by mandatory 1 pc cash GST payment rule

    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.
  • Reform-linked borrowing worth Rs 23,523 Cr gets nod for 9 states

    "On completion of reforms, additional borrowing permission of Rs 23,523 crore has been issued to them," Finance Ministry statement said.
  • Indian economy witnessing recovery: Finance Ministry

    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
  • GST revenues cross trillion mark for second straight month

    Collections of tax on the sale of goods and rendering of services came in at Rs 1,04,963 crore in November
  • Regulatory laxity

    Collapsing banks points to lack of proper supervision by RBI and oversight by Finance Ministry
  • Finance Ministry invites bids from actuarial firms for valuing LIC

    The government plans to sell minority stake in the insurance behemoth and list it on the bourses
  • More sectors need ECLGS: CII

    CII said that it has recommended this intervention to assist the stressed segments, primarily in the service sectors like hospitality, tourism aviation and retail
  • Nirmala wanted me out of Ministry, says former finance secretary Garg

    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"
  • Interest waiver: Outstanding as of Feb 29 to be reference for ex gratia relief

    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
  • Central funds for flood relief only after assessing losses: Kishan Reddy

    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
  • Banks sanction Rs 1.87 lakh cr to 50.7 lakh MSMEs

    About 27 lakh MSME units received cumulative disbursement of Rs 1,36,140 crore till October 5
  • SC asks Centre, RBI to file Kamath panel suggestions on debt restructuring

    The apex court's direction came after the Finance Ministry decided to grant relief to individual borrowers as well as medium and small industries by agreeing to waive compound interest.
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