Page 70 - Finance Ministry

Top headlines: RBI reviews payment firms; US recovery helps India exports

The RBI has decided to review the business models of payment aggregators in view of a spate of frauds hitting customers.

FinMin proposes changes to Finance Bill for crypto assets' taxation

FM Sitharaman is expected to move an amendment clarifying that no tax deduction or set off would be available in place of mining cost of crypto assets and other VDAs or losses from their transfer

FinMin proposes amendments, seeks to tighten norms for crypto taxation

The government on Thursday proposed to tighten the norms for taxation of cryptocurrencies by disallowing set off of any losses with gains from other virtual digital assets

Govt sets Rs 1-trillion infrastructure lending target for DFI

An action plan is being prepared on making the newly set up DFI functional and operationalising the Rs 1-trillion target

Centre may seek crypto log on transactions from banks, exchanges

Sale and purchase of digital assets will reflect in the AIS

Best of BS Opinion: A sub-optimal solution, handle with care & more

Here are the best of BS Opinion pieces of the day

Handle with care

Address risks before introducing CBDC

Banks recover nearly Rs 61,000 crore via one-time settlement of loans

The figures are for the last three financial years and up to December 2021 of the current fiscal

West Bengal's economic slide continues

At the end of March, its outstanding debt is expected to increase from about Rs 4.82 trillion in 2021 to about Rs 5.29 trillion in 2022 and further to a little more than Rs 5.86 trillion in 2023

Crypto mining cost not to be allowed as deduction under I-T Act: FinMin

The minister said while computing the income from transfer of VDA, no deduction in respect of any expenditure (other than the cost of acquisition) or allowance is allowed

Work to identify beneficiaries for basic income to women on: Tamil Nadu FM

The work to identify eligible beneficiaries of the assistance to women heads of families is on in full swing, Finance Minister of the State Palanivel Thiaga Rajan told the Assembly on Friday.

Budget: Tamil Nadu to close FY23 with Rs 6.3-trn debt, says state FM

Tamil Nadu is expected to end up with a total debt of Rs 653,348.73 crore by March 31, 2022, Finance Minister Palanivel Thiaga Rajan said on Friday.

SBI signs agreement to provide $1-bn credit facility to Sri Lanka

The finance ministry on Thursday said State Bank of India (SBI) will provide $1 billion credit facility to Sri Lanka for procurement of food, medicines and other essential items.

States yet to get Rs 53,661-crore GST compensation: Finance ministry

According to the data tabled by Sitharaman, the highest amount of GST compensation yet to be released will go to Maharashtra, at Rs 11,563 crore.

No public sector bank faced loss in last three quarters, says govt

No plan to set up fiscal council: FinMin

Finance ministry seeks nod for FY22 extra net spend of Rs 1.07 trillion

Some of the big items include Rs 14,902 crore for fertiliser subsidy and Rs 30,170 crore for credit-linked subsidy scheme houses for economically weaker sections

Defence Ministry projected Rs 2.15 trn for capital outlay for FY23

Mos Defence Ajay Bhatt further added that an amount of Rs 4,87,739 crore was projected by the defence ministry for the defence services against which allocation of Rs 3,85,370 crore has been received

Top headlines: LIC may have to be revalued, Russia-Ukraine to hold talks

RBI has publicly expressed strong reservations against permitting cryptocurrencies

Finance ministry working on consultation paper to deal with cryptoassets

RBI has publicly expressed strong reservations against permitting cryptocurrencies

Top private equity players call for policy to become 'atmanirbhar'

Some PE fund leaders are making a strong pitch to the government for a policy framework to encourage the growth of a vibrant, "atmanirbhar" domestic private equity industry to rival that of China