Coronavirus Outbreak: Piyush Goyal hears out industry reps, says FinMin will take 'balanced, nuanced approach' to issues
Union Minister Piyush Goyal on Thursday told trade and industry representatives that all their issues and feedback are being forwarded to the finance ministry, which he says will take a "balanced and nuanced approach" to their problems in view of coronavirus situation
Union Budget 2020-21 to be presented on 1 February; stock exchanges to remain open despite being a Saturday
This will be the first full-year budget of the Bharatiya Janata Party led National Democratic Alliance (NDA) government after returning to power in 2019
The 11 specified branches are located in New Delhi, Mumbai, Kolkata, Chennai, Gandhinagar, Chandigarh, Bangalore, Bhopal, Jaipur, Lucknow and Guwahati.
On Wednesday, India reported a fiscal deficit of 7.2 trillion rupees ($110.42 billion) for April-February, which was 120.3 percent of the budgeted target for the current fiscal year
Questioning the methodology adopted by Moody's, Finance Ministry today said the global agency has ignored reforms initiated by the government and it should not wait "till infinity" for them to take root before upgrading the country's sovereign rating.
The Expenditure Department said that over the years the Ministries have started operating small and multiple schemes which spread resources too thinly to realise any meaningful outcomes.
The Minister said she would visit different co-work spaces of these new age companies to see the ground picture and infuse fresh energy.
Why Jaitley's threats won't work: All black money is in stock markets & real estate, too risky to touch
Sheer volume of investment in participatory notes (P-notes, estimated at around $43 billion last June) and private equity money flowing into real estate ($1.3 bn in January-June this year) suggests that illegal money held abroad may actually be substantially invested here
Indicating that his maiden budget next week will not indulge in 'mindless populism', Finance Minister Arun Jaitley said the government would take bold decisions and pursue path of fiscal prudence to revive economy.
The finance ministry's efforts to force export parity pricing down oil companies throats is a short-cut to a lower fiscal deficit that will damage balance-sheets unnecessarily