Ministry Of-finance

Showing of 1 - 20 from 172 results
Ministry Of-finance - Total results - 172
Centre releases Rs 40,000 crore to states as back-to-back loan for GST shortfall
India

Centre releases Rs 40,000 crore to states as back-to-back loan for GST shortfall

The Centre has frontloaded the release of Rs 1.15 lakh crore till date, 72 percent of the total estimated shortfall for the fiscal year. The balance amount will be released in due course, as per a Ministry of Finance statement

Digital payment solution 'e-RUPI' to launched in India: What it means and how it works
News & Analysis

Digital payment solution 'e-RUPI' to launched in India: What it means and how it works

Banks including SBI, HDFC, Axis, Punjab National Bank, ICICI Bank and more are live with the e-RUPI digital payment solution.

Prime Minister Narendra Modi to launch digital payment solution e-RUPI on Monday
India

Prime Minister Narendra Modi to launch digital payment solution e-RUPI on Monday

In its statement, the Prime Minister's Office said e-RUPI is a cashless and contactless instrument for digital payment

What is e-RUPI and how it will change India's digital payment behaviour
India

What is e-RUPI and how it will change India's digital payment behaviour

e-RUPI is a cashless and contactless instrument for digital payment

Junior finance minister says higher Q1 tax mop-up shows economy on recovery path
Business

Junior finance minister says higher Q1 tax mop-up shows economy on recovery path

Net direct tax collection in the April-June quarter of the current fiscal is over Rs 2.46 lakh crore, as against more than Rs 1.17 lakh crore during the same period of the previous fiscal

Banks NPAs decline to Rs 8.34 lakh cr at March-end 2021, junior finance minister informs Lok Sabha
India

Banks NPAs decline to Rs 8.34 lakh cr at March-end 2021, junior finance minister informs Lok Sabha

Scheduled commercial banks (SCBs) were carrying NPAs worth Rs 8.96 lakh crore on their balance sheet at the end of March 2020

Shifting Department of Public Enterprises to finance ministry could help expedite privatisation
Business

Shifting Department of Public Enterprises to finance ministry could help expedite privatisation

Move will hopefully help government sell off PSUs. This will also help the taxpayer, who has to ultimately bear the cost of running PSUs.

GST revenue slips below Rs 1 lakh crore in June after eight months
Business

GST revenue slips below Rs 1 lakh crore in June after eight months

The gross GST revenue collected in June 2021 stands at Rs 92,849 crore. It was recorded at Rs 1.02 lakh crore in May.

Four years of GST: Tax base has doubled from Rs 66.2 lakh to 1.2 crore, says Nirmala Sitharaman
Business

Four years of GST: Tax base has doubled from Rs 66.2 lakh to 1.2 crore, says Nirmala Sitharaman

Commending taxmen for the dealing with GST fraud, the FM said enhanced revenue collection in the recent months should now be the 'new normal'

Indian economy witnessing strong recovery, says Nirmala Sitharaman; announces stimulus measures
Business

Indian economy witnessing strong recovery, says Nirmala Sitharaman; announces stimulus measures

Energy consumption growth trended higher in October at 12 percent year-on-year, said the finance minister

VGIR 2020: Narendra Modi says India best place to generate long-term returns, lauds COVID-19 fight
India

VGIR 2020: Narendra Modi says India best place to generate long-term returns, lauds COVID-19 fight

India's growth has the potential to catalyse global economic resurgence as "any achievements by India will have a multiplier impact on world's development and welfare", the prime minister said.

'Nirmala Sitharaman wanted me out': Ex-Finance secretary Subhash Garg explains premature retirement
India

'Nirmala Sitharaman wanted me out': Ex-Finance secretary Subhash Garg explains premature retirement

Garg, in a blog post published on the day he would have retired in normal course, said he did not share a good and productive working relationship with Sitharaman, who came to the finance ministry "with some pre-conceived notions"

Centre waives interest on interest on loans up to Rs 2 cr, issues operational guidelines
India

Centre waives interest on interest on loans up to Rs 2 cr, issues operational guidelines

The scheme will be available irrespective of whether moratorium was availed or not, and will cover housing loans, education loans, credit card dues, auto loans, MSME loans, consumer durable loans and consumption loans

In SC, Centre agrees to waive compound interest on EMIs deferred during moratorium period
India

In SC, Centre agrees to waive compound interest on EMIs deferred during moratorium period

The offer will be applicable only on loans up to Rs 2 cr and in eight categories, which include MSMEs (Micro, Small and Medium Enterprises), education, housing, consumer durable, credit card dues, auto, personal, and consumption

Leniency during COVID-19 is fine, but decriminalising Section 138 encourages financial crime, harms creditors' confidence and hurts economy
India

Leniency during COVID-19 is fine, but decriminalising Section 138 encourages financial crime, harms creditors' confidence and hurts economy

Decriminalising Section 138 is only going to make creditors more insecure, which could cause unfathomable harm to the Indian economy.

How Narendra Modi got foreign junkets in check and video chats going long before Sonia Gandhi’s advice
India

How Narendra Modi got foreign junkets in check and video chats going long before Sonia Gandhi’s advice

The number of foreign visits by ministries and departments under the Government of India has dipped from 2,283 in 2017 to 1,936 in 2018, and to 1,806 in 2019.

Coronavirus outbreak has foregrounded India's inequalities; country must re-examine social order when pandemic abates
India

Coronavirus outbreak has foregrounded India's inequalities; country must re-examine social order when pandemic abates

In transmission, the coronavirus seems to follow principles of equality, but in so doing exposes with absolute clarity the distinctions between privilege and the lack thereof

Coronavirus Outbreak Updates: Bihar govt says six of nine COVID-19 cases in state have no travel history
India

Coronavirus Outbreak Updates: Bihar govt says six of nine COVID-19 cases in state have no travel history

Coronavirus Outbreak Updates: Six out of the nine total coronavirus confirmed cases in Bihar have no travel history, the Bihar Health Department said on Friday.

Coronavirus Outbreak: RBI firefights COVID-19 impact on economy, seeks to improve flow of credit but threat of rising NPAs real
Business

Coronavirus Outbreak: RBI firefights COVID-19 impact on economy, seeks to improve flow of credit but threat of rising NPAs real

While the broader goal of inflation management will run the background, the attempt here is to ensure that the slowdown in growth process which is a certainty now is contained.

RBI announces EMI moratorium: Will my installment be deducted, are credit card bills suspended and other questions answered
Business

RBI announces EMI moratorium: Will my installment be deducted, are credit card bills suspended and other questions answered

The Reserve Bank of India (RBI) on n Friday allowed all financial institutions to allow a three-month moratorium for all term loans in light of the COVID-19 outbreak and the subsequent lockdown.