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Centre withdraws decision on cut in PPF, NSC rates

Centre withdraws decision on cut in PPF, NSC rates

🕔14:37, 1.Apr 2021

New Delhi, April 1  The Finance Ministry has withdrawn its order of a massive cut in interest rates on schemes like PPF and NSC. “Interest rates of small savings schemes of GoI shall continue to be at the rates which

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Centre releases complete Rs 1.10 lakh cr GST compensation shortfall

Centre releases complete Rs 1.10 lakh cr GST compensation shortfall

🕔11:53, 16.Mar 2021

New Delhi, March 16 The Finance Ministry has released the final weekly instalment of Rs 4,104 crore to the states to meet the GST compensation shortfall. Out of this, an amount of Rs 4,086.97 crore has been released to 23 states

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FinMin asks SEBI to withdraw circular on perpetual bonds

FinMin asks SEBI to withdraw circular on perpetual bonds

🕔16:43, 12.Mar 2021

New Delhi, March 12  The Finance Ministry has asked the security market regulator SEBI to withdraw its March 10 circular on AT-1 or perpetual bonds. In a memorandum to SEBI, the Department of Financial Services (DFS) has said that the

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Rs 1.06L Cr GST compensation shortfall released to states

Rs 1.06L Cr GST compensation shortfall released to states

🕔15:47, 9.Mar 2021

New Delhi, March 9  Finance Ministry has released the 19th weekly instalment of Rs 2,104 crore to the states to meet the GST compensation shortfall. Out of this, an amount of Rs 2,103.95 crore has been released to 7 states

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GST compensation shortfall released to states reaches Rs 1.04L cr

GST compensation shortfall released to states reaches Rs 1.04L cr

🕔07:21, 2.Mar 2021

New Delhi, March 2  Finance Ministry has released the 18th weekly instalment of Rs 4,000 crore to the states to meet the GST compensation shortfall. Out of this, an amount of Rs 3,677.74 crore has been released to 23 States

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GST compensation shortfall released to states touches Rs 1L Cr

GST compensation shortfall released to states touches Rs 1L Cr

🕔14:31, 20.Feb 2021

New Delhi, Feb 20  The Finance Ministry had released the 17th weekly instalment of Rs 5,000 crore to the states to meet the GST compensation shortfall. Out of this, an amount of Rs 4,730.41 crore has been released to 23

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Punjab 13th state to complete One Nation One Ration Card reform

Punjab 13th state to complete One Nation One Ration Card reform

🕔15:35, 13.Feb 2021

New Delhi, Feb 13  Punjab has become the 13th state in the country to successfully undertake “One Nation One Ration Card system” reform stipulated by the Finance Ministry. The state has now become eligible to mobilise additional financial resources of

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15th instalment of Rs 6K cr for GST compensation shortfall released

15th instalment of Rs 6K cr for GST compensation shortfall released

🕔10:55, 13.Feb 2021

New Delhi, Feb 13  The Finance Ministry on Friday released the 15th weekly instalment of Rs 6,000 crore to the states to meet the GST compensation shortfall, an official statement said. Out of this, an amount of Rs 5,516.60 crore

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Rs 6K cr given to states to meet GST compensation shortfall

Rs 6K cr given to states to meet GST compensation shortfall

🕔14:23, 3.Feb 2021

New Delhi, Feb 3  Finance Ministry has released the 14th weekly instalment of Rs 6,000 crore to the states on Wednesday to meet the GST compensation shortfall. Out of this, an amount of Rs 5,516.60 crore has been released to

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Another GST compensation package for States may be needed in FY22 to meet the shortfall: Finance Secy

Another GST compensation package for States may be needed in FY22 to meet the shortfall: Finance Secy

🕔20:42, 2.Feb 2021

New Delhi, Feb 2  The finance ministry will have to work out details of a GST compensation package for the states in the next financial year as a collections from cess may fall short of the requirement even in 2021-22,

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Govt agrees to lower sharing of tax proceeds with states

Govt agrees to lower sharing of tax proceeds with states

🕔17:00, 2.Feb 2021

New Delhi, Feb 2  The Finance Ministry has accepted the 15th Finance Commission’s recommendation to share 41 per cent of the net proceeds of Union taxes with the states against the current 42 per cent, among other recommendations. The commission

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Telangana gets additional Rs 179 cr for capex

Telangana gets additional Rs 179 cr for capex

🕔16:21, 30.Jan 2021

New Delhi, Jan 30 The Finance Ministry has approved capital projects of an additional amount of Rs 179 crore for Telangana. This is in addition to the capital projects of Rs 179 crore approved for the state earlier. Additional projects have

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Grant of Rs 12,351 cr released for Rural Local Bodies

Grant of Rs 12,351 cr released for Rural Local Bodies

🕔07:58, 28.Jan 2021

New Delhi, Jan 28  The Union Finance Ministry has released Rs 12,351.5 crore to 18 states for providing grants to the Rural Local Bodies (RLBs). This amount is the second instalment of basic grants released in the financial year 2020-21.

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12th instalment of Rs 6K cr released to states to meet GST compensation shortfall

12th instalment of Rs 6K cr released to states to meet GST compensation shortfall

🕔06:03, 19.Jan 2021

New Delhi, Jan 19  The Finance Ministry on Monday released the 12th weekly instalment of Rs 6,000 crore to the states to meet the GST compensation shortfall. Out of this, an amount of Rs 5,516.60 crore has been released to

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Govt to give discount to investors using digital mode under gold bond scheme

Govt to give discount to investors using digital mode under gold bond scheme

🕔14:20, 9.Jan 2021

New Delhi, Jan 9  The government will give a discount of Rs 50 per gram under its gold bond scheme to investors who apply online and the payment is made through digital mode. As per a statement from the Finance

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India witnessing V-shaped recovery since June: FinMin Report

India witnessing V-shaped recovery since June: FinMin Report

🕔17:14, 5.Jan 2021

New Delhi, Jan 5  India has been witnessing a ‘V-shaped’ recovery since June with the gradual easing of restrictions on economic activities, said a Finance Ministry report. “The sustained improvement in high frequency indicators ignite optimism of an improved performance

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Centre releases Rs 6K cr loan to states to meet GST compensation shortfall

Centre releases Rs 6K cr loan to states to meet GST compensation shortfall

🕔06:53, 29.Dec 2020

New Delhi, Dec 29  The Finance Ministry has released the ninth weekly instalment of Rs 6,000 crore to the states to meet the GST compensation shortfall. Out of this, an amount of Rs 5,516.60 crore has been released to 23

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Over 98,000 loans sanctioned under Stand-Up India scheme

Over 98,000 loans sanctioned under Stand-Up India scheme

🕔07:15, 19.Dec 2020

New Delhi, Dec 19  The Finance Ministry on Friday said that 98,449 loans have been sanctioned so far under the Stand-up India scheme which is aimed at empowering enterpreneurs from Scheduled Castes (SC), Scheduled Tribes (ST) along with women entrepreneurs.

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FICCI suggests infra push, rationalising of GST slabs in FY22 budget

FICCI suggests infra push, rationalising of GST slabs in FY22 budget

🕔12:50, 18.Dec 2020

New Delhi, Dec 18  As the Finance Ministry prepares for the upcoming Union Budget for the FY21-22, it has been speaking to several stakeholders; industry body FICCI has come up with a number of suggestions, including support for infrastructure projects

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States get more time for push citizen-centric reforms for additional borrowing

States get more time for push citizen-centric reforms for additional borrowing

🕔05:39, 17.Dec 2020

New Delhi, Dec 17  The Union Finance Ministry has extended the deadline for the states to complete citizen-centric reforms in various sectors and qualify for additional borrowings. The state will be eligible for reform linked benefits even if the recommendation

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