The attorney general has said that there is no obligation on the Central government to pay the GST compensation shortfall to the states.
How will the Atmanirbhar Bharat scheme benefit the urban poor when its long term vision discounts vital short term measures?
On May 12, finance minister Nirmala Sitharaman announced the second stimulus package, named Atmanirbhar Bharat in the aftermath of the COVID-19, which has since then been unveiled over five tranches. The package, which is mostly liquidity driven, would be the size of 10 percent of India's GDP.
The relaxations were announced by Union Finance Minister Nirmala Sitharaman during the nationwide COVID-19 lockdown
President Ram Nath Kovind promulgates ordinance to amend Banking Regulation Act, bring co-op banks under RBI
The Ordinance amends the Banking Regulation Act, 1949 as applicable to cooperative banks, an official statement said on Saturday.
EPFO releases pension and arrears, accepts workers demand for commutation; here's all you need to know
The Employees' Provident Fund Organisation (EPFO) on Monday released Rs 868 crore pension along with Rs 105 crore arrears on account of the restoration of commuted value of (higher) pension.
GST Council to discuss waiver of late fee for August 2017 to January 2020; next meeting to be held on 14 June
The CBIC said late fee is imposed to ensure that the taxpayers file return in time and pay taxes on the amount collected from buyers and due to the government.
Govt launches Rs 5,000-cr special credit facility for street vendors; here's all you need to know about Rs 10,000 loan scheme
In order to revive businesses of street vendors that have taken a serious hit due to the COVID-19 lockdown, the Centre has launched a special micro-credit facility amounting to a total of Rs 5,000 crore that will provide them Rs 10,000 as initial working capital
Delhi govt has sought Rs 5,000 crore assistance from Centre for paying salaries to employees, says Manish Sisodia
Sisodia, who also holds the finance department charge, said the Delhi government requires Rs 3,500 crore per month to pay salaries to its employees and to meet other needs.
IND-SAT 2020 postponed due to coronavirus pandemic; exam likely to be held in July, says HRD Minister Ramesh Pokhriyal
The Indian Scholastic Assessment or IND-SAT has been postponed to July. The exam was earlier scheduled to be held on 30 May
Former Reserve Bank Governor Bimal Jalan on Thursday described the initiatives taken by the government to mitigate the impact of COVID-19 as "very positive" and hoped that these would help in containing the decline in growth
Finance Minister Nirmala Sitharaman on Thursday reviewed the state of the economy at the meeting of the Financial Stability and Development Council (FSDC), in view of disruptions caused by the COVID-19 pandemic
Finance Minister Nirmala Sitharaman has called a meeting of the Financial Stability and Development Council (FSDC) on Thursday, which among other things will discuss the impact of COVID-19 on the financial sector and the economy
Rs 90, 000 cr package to provide only temporary relief to discoms but not long-term stability: India Ratings
The Rs 90,000 crore package would provide only a temporary relief to power distribution companies but not long-term stability, India Ratings and Research (Ind-Ra) said on Tuesday
No restrictions on utilisation of additional borrowing by states, says official; to get extra resources of Rs 4.28 lakh cr
Finance Minister Nirmala Sitharaman had said that an increase in borrowing limits will be subject to states taking citizen centric reforms, which are aimed at improving quality of service delivery to the public.
Govt releases Rs 92,077 cr towards devolution of central taxes to states for April, May, says Nirmala Sitharaman
The government on Thursday said it has released Rs 92,077 crore towards the devolution of central taxes to states for April and May
Govt notifies changes in rules disallowing global tender for procurement up to Rs 200 cr; move to benefit MSMEs
The government has notified amendments to General Financial Rules (GFR) to ensure that goods and services valued less than Rs 200 crore are being procured from domestic firms, a move which will benefit MSMEs
Nirmala Sitharaman to meet PSB chiefs tomorrow to discuss loan disbursement; to review interest rate transmission to borrowers
The deployment of excessive funds by banks under the reverse repo route may also come up for discussion on Friday, sources said.
EPF cut in employee contribution means take-home is high but will increase TDS liability; here's all you need to know
The Ministry of Labour and Employment has implemented the decision to cut employees' provident fund (EPF) contributions to 10 percent from the existing 12 percent for three months till July.
Nirmala Sitharaman says Centre has no more announcements to make; rules out any cut in income tax rates
Nirmala Sitharaman, who had over the last week announced an economic package to help revive the economy, said how the coronavirus and the lockdown has hurt revenues is yet to be completely assessed.
Nirmala Sitharaman to meet PSU bank chiefs on Friday; to review credit flow to prop up virus-hit economy
The meeting with PSU bank chiefs was earlier scheduled on 11 May, but due to the stimulus package announcements, it was deferred,