Page 80 - Finance Ministry

India on way to becoming fastest growing economy in world: FinMin report

Armed with necessary macro and micro growth drivers, India is on its way to becoming the fastest growing major economy in the world, a finance ministry report said

Finmin to start process for appointment of MD, DMDs of Rs 20K-cr NaBFID

Last month, the government appointed veteran banker K V Kamath as the chairperson of the National Bank for Financing Infrastructure and Development (NaBFID) for three years

FinMin invites suggestions on taxation from industry and trade bodies

The Finance Ministry has asked for suggestions on taxation from industries and trade bodies for Budget 2022-23, which is going to set the tone for growth of India's economy hit by the COVID pandemic

How inflation could rescue the govt's fiscal deficit act in FY22

Despite the spike, it may not push up govt's borrowing cost much due to various factors such as sale of BPCL and LIC, and lower expenditure levels this fiscal

FinMin reviews Capex plan of urban development, railways ministries

The finance ministry on Wednesday reviewed the progress of capital expenditure (Capex)

Finmin seeks industry inputs on tax rates, exemptions ahead of Budget

The Union Budget for Financial Year 2023 is expected to be presented on February 1

Finance ministry floats four-tier plan for PSB staff accountability

Move comes at a time when banks are reluctant to lend fearing probe

FM asks transport, petroleum, steel ministries to front load capex spending

Sitharaman said infrastructure projects are a priority for the government

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?

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

FinMin reforms public procurement to fast-track projects, help MSMEs

Finance secretary on Friday released revised guidelines, which outline innovative rules for this

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

Centre releases Rs 44,000 cr as loan facility in-lieu of GST compensation

The Ministry of Finance made the announcement on Thursday

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

Dearness Allowance hike to 31% effective from July 1: FinMin

The decision will benefit millions of central government employees and pensioners

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

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

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.

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

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