Page 83 - Finance Ministry

Experts say govt driving capex even as FinMin praises private sector

Experts believe that investments are down and driven by government, PSUs

Conclude loan guarantee scheme for medical infra in non-metros in time: FM

Finance Minister asked all stakeholders to conclude Rs 50,000 cr Loan Guarantee Scheme for Covid-Affected Sectors in time to deal with any future third wave

Finance Ministry releases Rs 13,386 cr to 25 states as grant to RLBs

The Finance Ministry on Tuesday said it has released about Rs 13,386 crore to 25 states for providing grants to rural local bodies (RLBs).

Deadline for making payments under Vivad se Vishwas scheme pushed to Sep 30

The ministry had in June extended the deadline for making payments under the scheme till August 31

FM promises Rs 1,300 crore development package for Tripura tribal areas

Sitharaman said the Rs 1300-crore project with World Bank funding would ensure an all-round development in the Tribal areas

Govt selects 10 banks to manage LIC IPO to raise up to Rs 90,000 cr: Report

A ministerial panel, called the Alternative Mechanism on strategic Divestment, is expected to decide soon on the size of the stake to be sold.

The e-governance mess

Govt's digital push founders on complex, buggy portals

FinMin exploring insurance bonds as alternative to bank guarantees

The government is considering to introduce insurance bonds as an alternative to bank guarantees, Finance Secretary T V Somanathan said here on Tuesday.

FM Sitharaman gives Infosys September 15 deadline to fix I-T portal snags

The summon to Parekh was triggered by inaccessibility of the portal during the weekend due to some maintenance activities

Govt expects Rs 39,832 cr from sale of power generation assets by FY25

Government's think tank NITI Aayog has valued state-owned power generation assets at Rs 39,832 crore which can be monetised by the financial year 2025

FM Nirmala Sitharaman to start two-day visit to Mumbai from Tuesday

Union Finance Minister Nirmala Sitharaman will be visiting the financial capital for two days starting on Tuesday to meet key stakeholders.

FinMin summons Infosys chief Salil Parekh over bugs in income tax portal

Taxpayers have since faced numerous problems accessing and using the portal since the day of its launch

Govt approaches 17 companies to settle retrospective tax cases

The rules under the Taxation Laws (Amendment) Act, 2021, are expected this week

Glitches in new IT portal even after 2.5 months: FinMin summons Infosys CEO

"Since August 21, the portal itself is not available," the income tax department said

India's overseas listing rules delayed due to tax concerns: Report

India will take around six months to announce rules allowing companies to list overseas, taking longer than some expected as the finance ministry irons out issues related to taxation

FM Sitharaman exhorts industry to make investment for boosting growth

Finance Minister Nirmala Sitharaman on Thursday urged the industry to come out in a big way to make investment for supporting growth battered by COVID-19 pandemic.

Tamil Nadu to become third state to present separate agricultural Budget

Experts divided over the outcome, but Andhra experience shows encouraging signs

Third Covid-19 wave unlikely to be as devastating as second: FinMin

Says 68% of the population above six years has antibodies, which would reduce the likelihood of infection

Economic impact of 2nd Covid-19 wave likely to be muted: Finance Ministry

The finance ministry on Tuesday said the economic impact of the second wave of the COVID-19 pandemic is likely to be muted and there are visible signs of economic rejuvenation. The latest Monthly Economic Review, released by the finance ministry, said the "robust recovery in tax collections cushions the fisc towards meeting the budgeted support to the economy". It also said the recent sero-prevalence results signify that India can reduce the likelihood of severe illness due to COVID-19 if the country sustains the momentum of the vaccination programme. "Having antibodies reduces the probability of acquiring serious illnesses, as is borne by studies. So, any subsequent waves are expected to be mild in terms of severity of disease," the ministry said in the report. However, it is imperative that COVID-appropriate behaviour and due protocol is followed. At this juncture, it said, the economy and society are at a crucial inflection point where sustenance of economic recovery, vaccinati

Finance Ministry releases Revenue Deficit Grant of Rs 9,871 cr to 17 states

The Finance Ministry has released its fifth monthly installment of Post Devolution Revenue Deficit (PDRD) Grant of Rs 9,871 crore to the states on August 9