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Tag "finance ministry"

Govt cites FII, corporate bond inflows to show ‘growth story’

Govt cites FII, corporate bond inflows to show ‘growth story’

🕔07:06, 2.Dec 2020

New Delhi, Dec 2  The Finance Ministry on Tuesday laid down the growth numbers in foreign institutional investment (FII), foreign portfolio investments (FPI) and corporate bond issuances to show a positive momentum in the Indian economy. “The Indian growth story

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Rs 72,480 crore deposited under ‘Vivad se Vishwas’ scheme

Rs 72,480 crore deposited under ‘Vivad se Vishwas’ scheme

🕔16:58, 19.Nov 2020

New Delhi, Nov 19 The Centre’s ‘Vivad se Vishwas’ direct tax dispute settlement scheme has garnered Rs 72,480 crore so far from the CPSUs and taxpayers against the disputed demand, Finance Ministry sources said. During a high level review meeting on

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FinMin approves MEIS allocation of Rs 39K cr for FY20

FinMin approves MEIS allocation of Rs 39K cr for FY20

🕔12:06, 13.Nov 2020

New Delhi, Nov 13  The Finance Ministry has approved the allocation of Rs 39,097 crore under the Merchandise Exports from India Scheme (MEIS) for the exports made during FY 2019-20. In an office memorandum, the Central Board of Indirect Taxes

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FM announces Rs 18,000 cr additional outlay for PMAY-Urban

FM announces Rs 18,000 cr additional outlay for PMAY-Urban

🕔17:19, 12.Nov 2020

New Delhi, Nov 12  The Centre will allocate Rs 18,000 crore more to the Pradhan Mantri Awas Yojana (PMAY) – Urban for building houses for middle income and economically weaker sections of the country. The amount of Rs 18,000 crore

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Govt infuses Rs 6K cr in NIIF debt platform to increase infra funding

Govt infuses Rs 6K cr in NIIF debt platform to increase infra funding

🕔17:17, 12.Nov 2020

New Delhi, Nov 12  As part of efforts to provide proper funding to infrastructure projects, the government on Thursday decided to infuse Rs 6,000 crore equity in NIIF debt platform. The NIIF Strategic Opportunities Fund has set up a Debt

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1 in 3 Indian professionals now optimistic about finances: Survey

1 in 3 Indian professionals now optimistic about finances: Survey

🕔15:59, 12.Nov 2020

New Delhi, Nov 12  India’s overall workforce confidence is rising steadily as a new report on Thursday said that one in three professionals in the country are now expecting an increase in their earned income, personal spending, and recurring debt

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Buzz around another stimulus package around Diwali

Buzz around another stimulus package around Diwali

🕔07:23, 12.Nov 2020

New Delhi, Nov 12  The government is reportedly planning another stimulus package for the economy which could be finalised as early as Thursday. There is talk of a $20 billion stimulus package in a series of packages that the government

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India set to reach pre-Covid economic levels by March: DEA Report

India set to reach pre-Covid economic levels by March: DEA Report

🕔08:15, 5.Nov 2020

New Delhi, Nov 5  With economic activities gaining momentum, India is poised to recover fast and may reach the pre-Covid levels of economic parameters by the current financial year’s (FY21) end, according to a report by the Department of Economic

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Centre to soon announce another round of stimulus: Official

Centre to soon announce another round of stimulus: Official

🕔07:04, 4.Nov 2020

New Delhi, Nov 4  The Finance Ministry will soon come up with a fresh round of economic stimulus, Economic Affairs Secretary Tarun Bajaj said on Tuesday. Addressing the media here, he said that the Department of Finance has received suggestions

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Centre to seek Parliament’s nod for additional Rs 37k cr infra push

Centre to seek Parliament’s nod for additional Rs 37k cr infra push

🕔07:08, 26.Oct 2020

New Delhi, Oct 26  Centre will seek the Parliament’s approval for additional spending of Rs 37,000 crore on infrastructure development in the second batch of supplementary demands for grant. Finance Minister Nirmala Sitharaman had earlier in the month announced that

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Centre rolls out scheme for interest waiver on small loans

Centre rolls out scheme for interest waiver on small loans

🕔16:10, 24.Oct 2020

New Delhi, Oct 24  The Finance Ministry has announced a scheme for ex-gratia payment of difference between interest for the designated class of borrowers to provide relief in times of Covid-19 pandemic. The scheme issued by the Department of Financial

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Sitharaman tells central PSUs to scale up capex in FY21, FY22

Sitharaman tells central PSUs to scale up capex in FY21, FY22

🕔17:20, 19.Oct 2020

New Delhi, Oct 19  Stressing the need for capital expenditure (capex) by Central Public Sector Enterprises (CPSEs), Union Finance Minister Nirmala Sitharaman has said that they need to scale up their capex both in the current and the next financial

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Centre suspends fresh IBC proceedings till Dec

Centre suspends fresh IBC proceedings till Dec

🕔07:04, 25.Sep 2020

New Delhi, Sep 25  In a major relief for stressed companies amid the pandemic woes, the Centre on Thursday announced the suspension of fresh insolvency proceedings under the Insolvency and Bankruptcy Code (IBC) by three more months till December. In

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Centre allows Rs 9,913 cr additional borrowing by 5 states

Centre allows Rs 9,913 cr additional borrowing by 5 states

🕔07:00, 25.Sep 2020

New Delhi, Sep 25  The Department of Expenditure, under the Finance Ministry, has granted five states permission to raise additional financial resources of Rs 9,913 crore through open market borrowings. The states are Andhra Pradesh, Telangana, Goa, Karnataka and Tripura.

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Finmin wants auto cos to reduce costs, royalty payments rather than seek GST cuts

Finmin wants auto cos to reduce costs, royalty payments rather than seek GST cuts

🕔20:13, 17.Sep 2020

New Delhi, Sep 17  In a setback to the automobile industry looking for a reduction in GST rates to help tide over the present crisis, the finance ministry has said current taxes on the sector were lower than pre-GST times

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FinMin reaches out to states again, says entire GST dues to be paid

FinMin reaches out to states again, says entire GST dues to be paid

🕔12:22, 8.Sep 2020

New Delhi, Sep 8  The Centre has reached out to the states again clarifying that it would pay entire GST compensation dues to them amid the mounting opposition over the borrowing options proposed in lieu of the shortfall in indirect

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SWAMIH fund sanctions Rs 10,300 cr for 101 stalled projects

SWAMIH fund sanctions Rs 10,300 cr for 101 stalled projects

🕔13:49, 21.Aug 2020

New Delhi, Aug 21  The Special Window for Affordable and Mid Income Housing (SWAMIH) has sanctioned Rs 10,300 crore so far to complete 101 stalled housing projects. In a tweet on Friday, the Finance Ministry said that out of the

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FinMin for salary regulation of retired officials working on contract

FinMin for salary regulation of retired officials working on contract

🕔07:35, 17.Aug 2020

New Delhi, Aug 17  The Department of Expenditure, under the Finance Ministry, has come up with draft guidelines for regulation of salaries of retired Central government employees, appointed on contract or as consultants, with the government. The office memorandum with

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SEBI diktats cause unease in markets, brokers petition Finance Ministry

SEBI diktats cause unease in markets, brokers petition Finance Ministry

🕔10:38, 2.Aug 2020

New Delhi, Aug 2 The Finance Ministry may soon have a decision to make, whether to encourage retail investors participation in the stock market through direct trading or to discourage them as seems to be the case with recent diktats on

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