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"finance-ministry"

  • 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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