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
Banks including SBI, HDFC, Axis, Punjab National Bank, ICICI Bank and more are live with the e-RUPI digital payment solution.
In its statement, the Prime Minister's Office said e-RUPI is a cashless and contactless instrument for digital payment
e-RUPI is a cashless and contactless instrument for digital payment
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
Scheduled commercial banks (SCBs) were carrying NPAs worth Rs 8.96 lakh crore on their balance sheet at the end of March 2020
Move will hopefully help government sell off PSUs. This will also help the taxpayer, who has to ultimately bear the cost of running PSUs.
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.
Commending taxmen for the dealing with GST fraud, the FM said enhanced revenue collection in the recent months should now be the 'new normal'
Energy consumption growth trended higher in October at 12 percent year-on-year, said the finance minister
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.
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"
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
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
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
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
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
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
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
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.