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Tag "ministry of finance"

IMF keeps India’s 2021-22 GDP growth at 9.5%, retains top global spot

IMF keeps India’s 2021-22 GDP growth at 9.5%, retains top global spot

🕔18:56, 12.Oct 2021

United Nations, Oct 12 (IANS) India will continue to be the world’s fastest growing major economy, clocking a growth rate of 9.5 per cent this fiscal year and 8.5 per cent in the next, according to the International Monetary Fund (IMF)

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Revenue Deficit Grant of Rs 9,871 Cr released to 17 states

Revenue Deficit Grant of Rs 9,871 Cr released to 17 states

🕔19:48, 11.Oct 2021

New Delhi, Oct 11 (IANS) The Ministry of Finance on Monday released the seventh monthly installment of Post Devolution Revenue Deficit (PDRD) Grant of Rs 9,871 crore to the states. With the release of this installment, a total amount of Rs

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India needs 4-5 more SBI sized banks:  Finance Minister Nirmala Sitharaman

India needs 4-5 more SBI sized banks: Finance Minister Nirmala Sitharaman

🕔15:59, 26.Sep 2021

Mumbai, Sept. Sep 26 (IANS) India needs a lot more banks and a lot more large sized ones to meet the growing needs of the country needs in the path of making a smart recovery post pandemic disruptions, Finance Minister Nirmala

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Govt approves Rs 30,600 cr sovereign guarantee to operationise bad bank

Govt approves Rs 30,600 cr sovereign guarantee to operationise bad bank

🕔19:22, 16.Sep 2021

New Delhi, Sep 16 (IANS) The government has approved providing Rs 30,600 crore as state guarantee for the security receipts issued by the bad bank, National Asset Reconstruction Company Ltd (NARCL). The government guarantee mechanism was approved by the Union cabinet

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Deadline for IT return filing extended to Dec 31

Deadline for IT return filing extended to Dec 31

🕔20:30, 9.Sep 2021

New Delhi, Sep 9 (IANS) The Central Board of Direct Taxes (CBDT) has extended deadlines for several compliances, including the filing of Income Tax returns for the Assessment Year (AY) 2021-22. On consideration of difficulties reported by the taxpayers in filing

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Goldman Sachs, JP Morgan among Book Running Lead Managers for LIC IPO

Goldman Sachs, JP Morgan among Book Running Lead Managers for LIC IPO

🕔21:54, 8.Sep 2021

New Delhi, Sep 8 (IANS) The Centre has finalised the Book Running Lead Managers (BRLM) for the much awaited initial public offering (IPO) of Life Insurance Corporation of India (LIC). The selected BRLM include Kotak Mahindra Capital Company Ltd, Goldman Sachs

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Path to recovery: GST collection for Aug at over Rs 1.12 lakh cr

Path to recovery: GST collection for Aug at over Rs 1.12 lakh cr

🕔15:07, 1.Sep 2021

New Delhi, Sep 1 (IANS) India’s gross GST revenue collection remained above the psychological mark of Rs 1 lakh crore for the second consecutive month, clocking Rs 1,12,020 crore in August 2021, as economic activity picked up pace post the second

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India will not be impacted US Fed’s likely tapering: CEA

India will not be impacted US Fed’s likely tapering: CEA

🕔22:32, 31.Aug 2021

New Delhi, Aug 31 (IANS) Chief Economic Adviser (CEA) K.V. Subramanian on Tuesday said that India will not be affected by the possible tapering of the easy monetary policy by the US Federal Reserve by the end of this year. Citing

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RBI to fine tune liquidity operations whenever needed

RBI to fine tune liquidity operations whenever needed

🕔22:26, 31.Aug 2021

Mumbai, Aug 31 (IANS) The Reserve Bank of India (RBI) will fine tune liquidity operations from time-to-time, when needed, Governor Shaktikanta Das said on Tuesday. Addressing the FIMMDA-PDAI Annual Conference, he said that the Reserve Bank will endeavour to ensure adequate

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Accelerated Recovery: India’s Q1FY22 GDP growth zooms 20.1% YoY

Accelerated Recovery: India’s Q1FY22 GDP growth zooms 20.1% YoY

🕔22:23, 31.Aug 2021

New Delhi, Aug 31 (IANS) Low base, along with pent-up demand as well as easier Covid restrictions, lifted India’s first quarter FY22 GDP growth rate to 20.1 per cent. In 2020, the pandemic had battered the country’s GDP which had contracted

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FinMin summons Infosys CEO over glitches in IT e-filing portal

FinMin summons Infosys CEO over glitches in IT e-filing portal

🕔08:54, 23.Aug 2021

New Delhi, Aug 22 (IANS) The Ministry of Finance has summoned Infosys MD and CEO, Salil Parekh on Monday over continuing glitches in the new income tax e-filing portal. In a tweet, the Income Tax Department also said that the portal

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FinMin summons Infosys CEO over glitches in IT e-filing portal

FinMin summons Infosys CEO over glitches in IT e-filing portal

🕔18:02, 22.Aug 2021

New Delhi, Aug 22  The Ministry of Finance has summoned Infosys MD and CEO, Salil Parekh on Monday over continuing glitches in the new income tax e-filing portal. In a tweet, the Income Tax Department also said that the portal

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Resolution professionals can now verify tax returns of bankrupt companies

Resolution professionals can now verify tax returns of bankrupt companies

🕔15:06, 19.Aug 2021

New Delhi, Aug 19  The Ministry of Finance has amended the Income Tax Rules to allow resolution professionals appointed by the National Company Law Tribunal (NCLT) to verify the tax returns of companies undergoing bankruptcy. The Income-tax (24th Amendment) Rules,

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‘Rigorous’ work underway to achieve privatisation targets: FM

‘Rigorous’ work underway to achieve privatisation targets: FM

🕔18:46, 12.Aug 2021

New Delhi, Aug 12 (IANS) Exuding confidence that the targets for the proposed strategic sales would be achieved, Finance Minister Nirmala Sitharaman said on Thursday that the government is undertaking all the “necessary rigorous” work to complete the planned privatisation processes

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Govt offices asked to switch to Prepaid Smart Meters

Govt offices asked to switch to Prepaid Smart Meters

🕔18:29, 12.Aug 2021

New Delhi, Aug 12 (IANS) The Ministry of Power has issued an advisory to all Central Ministries of the government to direct organisations under their administrative control to ensure they switch over to Prepaid Smart Meters on priority. As part of

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India, World Bank sign $250 mn project for making dams safe

India, World Bank sign $250 mn project for making dams safe

🕔20:13, 4.Aug 2021

New Delhi, Aug 4 (IANS) The Indian government, the Central Water Commission, representatives from 10 participating states, and the World Bank on Wednesday signed a $250 million project for long-term dam safety programme and improving the safety and performance of existing

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Amendments to LLP Act to boost ease of doing business

Amendments to LLP Act to boost ease of doing business

🕔10:52, 29.Jul 2021

New Delhi, July 28 (IANS) With the Union Cabinet approving amendments to the Limited Liability Partnership Act, experts and industry stakeholders have lauded the move and said that decision is a major development towards ease of doing business. “Amendment in LLP

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FM rolls out loan guarantee scheme for tourist guides, travel agencies

FM rolls out loan guarantee scheme for tourist guides, travel agencies

🕔19:04, 28.Jun 2021

New Delhi, June 28 (IANS) At a time when the tourism sector has been among the worst-hit segments in the economy and small stakeholders have been facing financial difficulties, Finance Minister Nirmala Sitharaman, on Monday, announced that loans will be provided

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FinMin releases Rs 45K cr as additional devolution to states in FY21

FinMin releases Rs 45K cr as additional devolution to states in FY21

🕔07:15, 2.Apr 2021

New Delhi, April 2  The Ministry of Finance released Rs 45,000 crore as additional devolution to states in FY 2020-21. An official statement said that this is an increase of 8.2 per cent over Revised Estimate 2020-21. As per RE

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Deadline for Aadhaar-PAN linking extended till Jun 30

Deadline for Aadhaar-PAN linking extended till Jun 30

🕔10:40, 1.Apr 2021

New Delhi, March 31 In a relief for taxpayers, the Centre has again extended the deadline for linking of Aadhaar number with the Permanent Account Number (PAN) till June 30 this year. The previous deadline ended on Wednesday, March 31.

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