Page 40 - Finance Minister

States' Budget demand: 60% GST share, extended compensation period

State finance ministers demanded greater fiscal autonomy through an increase in states' share in goods and services tax (GST) to 60 per cent, from 50 per cent at present

FM Sitharaman seeks to shrink budget deficit as global headwinds loom

A longstanding plan aims to shrink the shortfall to below 4.5% of GDP by 2025-26

Farmers' groups urge govt to allow global trading of farms' carbon credits

The farmers' representatives urged the Finance Minister to focus on human resources development over infrastructure

Focus on job creation, capex boost, tax measures in Budget: Industry to FM

Employment-linked incentive scheme for services sector suggested

FM urges independence of CAs to preserve integrity of financial statements

Says statutory filings and audit reports by CAs are public documents that multiple stakeholders rely on; urges adherence to fair and transparent practices

First G20 meeting under India's presidency in Dec; FM talks in Feb

The Finance Track of the powerful G-20 grouping is older than the Sherpa Track, since G-20 was formed with the intention of governance of the global economy

Amit Mitra asks FM Sitharaman to urgently call GST Council meeting

Points out that under the regulations governing the all-powerful body, a meeting should be held every quarter

Finance ministry likely to give additional Rs 25,000 crore for MGNREGS

But asks rural development ministry to identify and remove inefficiencies

Lenskart FY22 revenue rises 66% to Rs 1,502 cr, but slips into losses

The SoftBank-backed company reported losses of Rs 102 crore in FY22 after reporting a profit of Rs 28 crore in the previous financial year

Top Headlines: FM likely to begin pre-Budget talks, Musk defends layoffs

Business Standard brings you the top headlines at this hour

What is coal gasification and why is India investing in it heavily?

On Novemebr 3, Union Finance Minister Nirmala Sitharaman launched the biggest ever coal mine auction of 141 mines in India

FM Sitharaman likely to begin pre-Budget talks from third week of November

FM Nirmala Sitharaman and senior officials will hold eight meetings in all with all stakeholders

Govt notifies enhanced financial support for Central, state PPP projects

Funding under IIPDF Scheme is in addition to Viability Gap Funding Scheme notified in December 2020

US treasury secy Janet Yellen to visit India on Nov 11 for EFP dialogue

Yellen will meet with tech sector haeds, visit Microsoft India Development Center, and hold a bilateral meeting with FM Sitharaman

Parliamentary panel to seek explanation over EPFO plan rejection

A Parliamentary panel will seek explanation from the finance ministry for turning down the labour ministry's proposal to increase the pension of EPFO subscribers from the current Rs 1,000 per month. The quantum of increase proposed by the labour ministry could not be ascertained. Top officials from the labour ministry and Employees' Provident Fund Organisation (EPFO) on Thursday briefed Parliamentary Standing Committee on Labour chaired by BJD MP Bhartruhari Mahtab on operation of the EPF pension scheme and management of its corpus fund. The finance ministry had not agreed to the labour ministry's proposal for any enhancement in the monthly pension, the officials informed the panel. The panel has now decided to call top officials from the finance ministry to seek explanation behind the move. The labour ministry has constituted a High-Empowered Monitoring Committee for complete evaluation and review of the Employees Pension Scheme (EPS), 1995. The committee in its report had ...

FM Sitharaman lists climate finance, crypto regulation as key G-20 agenda

Nirmala Sitharaman says India will push for the voice of developing and low-income nations

Technology helped to plug leakage in benefit transfer to poor: FM

Technology adoption by the government for the benefit transfer to targeted people has plugged leakages and ensured good governance, Finance Minister Nirmala Sitharaman has said. Delivering the NT Rama Rao Memorial Lecture on Friday, she said, "What Prime Minister (Narendra) Modi has done is by adopting technology he has contained the leaky bucket process. There are no leaks, the beneficiary who must get that money gets it". Technology has become a big instrument through which human folly and temptation are contained, she said at the Gandhi Institute of Technology and Management (GITAM). "Today, the way we have adopted technology is ensuring that benefits reach the common public, one of the goals of good governance has been achieved," a press release by GITAM quoted Sitharaman as saying. Earlier this month, the Prime Minister had said that the government has so far transferred Rs 25 lakh crore through direct benefit transfer (DBT). "I am not saying this is foolproof. Ingenuity will

Finance Minister says India's growth resilient despite exogenous threats

Finance Minister Nirmala Sitharaman Wednesday said that despite exogenous threats, India's well-targeted policy mix, accompanied by major structural reforms, have aided its growth to remain resilient

Kerala guv writes to CM Vijayan, wants finance minister Balagopal sacked

Kerala Governor Arif Mohammed Khan, in a letter to Chief Minister Pinarayi Vijayan on Wednesday, informed that he has "ceased to enjoy pleasure" in Finance Minister KN Balagopal

PSU general insurer employees irked with move to link pay with performance

Experts say the government's decision to link wage revision with performance could have been pivoted on the financial health of the four public-sector insurers