Page 80 - Finance Ministry
New rules enough to protect genuine business decisions of bankers?
The govt has issued a uniform staff accountability framework for NPAs of up to Rs 50 cr to protect bankers taking bonafide decisions. But is that enough to assuage concerns?
 "New rules enough to protect genuine business decisions of bankers?")
Govt invites applications for post of Sebi chairman in place of Ajay Tyagi
The finance ministry has invited applications to appoint the next chairman of the Securities and Exchange Board of India
 "Govt invites applications for post of Sebi chairman in place of Ajay Tyagi")
FinMin reforms public procurement to fast-track projects, help MSMEs
Finance secretary on Friday released revised guidelines, which outline innovative rules for this
 "FinMin reforms public procurement to fast-track projects, help MSMEs")
FinMin releases revised guidelines ushering in public procurement reforms
The guidelines permit alternative methods for selection of contractors, which can improve speed and efficiency in execution of projects
 "FinMin releases revised guidelines ushering in public procurement reforms")
Centre releases Rs 44,000 cr as loan facility in-lieu of GST compensation
The Ministry of Finance made the announcement on Thursday
 "Centre releases Rs 44,000 cr as loan facility in-lieu of GST compensation")
Clear Air India dues, buy tickets in cash: FinMin tells ministries
The government on Monday signed a share-purchase agreement with Tata Sons for the sale of the national carrier for Rs 18,000 crore
 "Clear Air India dues, buy tickets in cash: FinMin tells ministries")
Dearness Allowance hike to 31% effective from July 1: FinMin
The decision will benefit millions of central government employees and pensioners
 "Dearness Allowance hike to 31% effective from July 1: FinMin")
Govt likely to introduce 2 key financial sector bills in winter session
The two key financial sector bills may include the proposed law for facilitating privatisation of public sector banks
 "Govt likely to introduce 2 key financial sector bills in winter session")
Subscription to sovereign gold bond to open on October 25
The next tranche of Sovereign Gold Bonds 2021-22 will be open for subscription for five days from October 25, the finance ministry said in a statement on Thursday
 "Subscription to sovereign gold bond to open on October 25")
No additional borrowing by Centre to meet GST compensation in FY22
The Centre will stick to its borrowing programme for FY22 and will not tap the market for more funds to meet the GST compensation shortfall for states.
 "No additional borrowing by Centre to meet GST compensation in FY22")
FinMin to seek Cabinet nod to set up firm to monetise some CPSE land assets
A special purpose vehicle (SPV) in the form of a company would be set up to hold these assets which would be monetised to fetch value to the exchequer: DIPAM Secy
 "FinMin to seek Cabinet nod to set up firm to monetise some CPSE land assets")
No alternative but to ensure universal availability of vaccines: Sitharaman
India remains committed to providing vaccines to vulnerable and low-income countries, Finance Minister Nirmala Sitharaman has said
 "No alternative but to ensure universal availability of vaccines: Sitharaman")
Revenue Deficit Grant of Rs 9,871 crore released to 17 states
The Ministry of Finance on Monday released the seventh monthly installment of Post Devolution Revenue Deficit (PDRD) Grant of Rs 9,871 crore to the states.
Indian economy on path to swift recovery: Finance Ministry report
Sustained and robust growth in agriculture, sharp rebound in manufacturing and industry, resumption of services activity and buoyant revenues suggest that the economy is progressing well: Report
 "Indian economy on path to swift recovery: Finance Ministry report")
K V Subramanian steps down as govt's chief economic adviser
He took over from Arvind Subramanian who had left due to personal reasons in June 2018
 "K V Subramanian steps down as govt's chief economic adviser")
India in last stage of finalising details on global minimum tax: FM
Finance Minister Nirmala Sitharaman on Wednesday said India is "very close" to arriving at the specifics of the two-pillar taxation proposition at the G20 and is in last stage of finalising details
Govt notifies processes for granting RoDTEP duty credits
An exporter must make a claim for RoDTEP in the shipping bill or bill of export by making the prescribed declaration
LIC to file draft IPO papers with Sebi by November, says FinMin official
Once the draft red herring prospectus (DRHP) is filed, merchant bankers will hold global and domestic road shows for investors by January, the official said
 "LIC to file draft IPO papers with Sebi by November, says FinMin official")
GST collection grows 23% to Rs 1.17 trn in Sep, surpasses pre-Covid levels
The collection continues to exceed Rs 1 trillion mark for the third month showing clear signs of recovery
 "GST collection grows 23% to Rs 1.17 trn in Sep, surpasses pre-Covid levels")
FinMin suggests holding clerical exams for PSBs in regional languages
The finance ministry has suggested the Institute of Banking Personnel Selection to hold clerical recruitment exam for public sector banks (PSBs) in 13 regional languages along with English and Hindi