Page 89 - Finance Ministry

Second Covid-19 wave a downside risk in Q1, says Finance Ministry

Impact on the economy is expected to be muted compared to first Covid wave, says report

FinMin releases first instalment worth Rs 8,873 cr of SDRF to states

Up to 50 per cent of the amount released, which is Rs 4436.8 crore, can be used by the states for coronavirus (Covid-19) containment measures

Covid second wave: Govt speeds up import approval for 17 medical equipment

For next three months, importers have to make declarations under the legal metrology rules

T V Somanathan named finance secy in place of Ajay Bhushan Pandey

Pandey superannuated in February this year

New loan scheme for discoms shows little impact on on clearance of dues

States' pending payments to distributors down just 4% since March 2020

States may need Rs 30,000 cr to vaccinate 70% of those in 18-44 age group

Centre's support and private sector participation may relieve some of the load

Fiscal friction

Central govt should not leave everything to states

Loan moratorium: Centre asks banks to foot 'interest on interest' bill

Banks have been told that they can also adjust the amount against future liabilities for all accounts

Centre working to save lives, livelihoods, FM Sitharaman tells India Inc

Finance Minister has sought feedback over impact on businesses and economy

Gross borrowing slightly exceeds revised estimates by 1% over lockdown

The borrowings were further raised to Rs 12.80 trillion in RE as the government also tried to bring transparency in subsidies

Over 100,000 LIC employees to get 16% wage hike

The government has given a go-ahead to a five-day working week for LIC employees

Covid-19: Bank unions request finance ministry for steps to protect bankers

Bank unions have asked the finance ministry to initiate measures such as reducing banking days and allowing branches to work with minimum staff to protect employees from coronavirus infection.

Fundraising through public issues more than doubled in fiscal 2021

The Finance Ministry on Wednesday said fundraising through public and rights issues surged 115 per cent and 15 per cent, respectively, in 2020-21

Govt's move to inject Rs 14,500 cr in 4 PSBs won't raise tangible equity

According to Ind-Ra, these securities would be factored at par value rather than at the discounted value in the banks' balance sheet.

FM reviews Covid-19 vaccine progress in finance, corp affairs ministries

In keeping with Covid-19 safety protocols, the interactions were held virtually in six separate batches

FinMin requests home, health ministries to vaccinate bank staff on priority

600 bank personnel died due to Covid-19 till December, IBA said while requesting vaccination

Implicit & explicit: RBI policy statement is all about forward guidance

One challenge that the RBI might have to face in FY22 is the movement in exchange rate

Losing currency: Rupee sinks as monetary policy triggers carry unwinding

The rupee closed at 74.56 to a dollar - the lowest since November 13, 2020. The intraday fall is the steepest since the August 2019 levels

Govt appoints Ajai Seth as DEA secy; Tarun Bajaj to take charge of revenue

According to the executive record-sheet, Seth is back in central posting after a gap of 13 years.

FM calls for greater coordination among BRICS on IMF's quota review

India on Tuesday pitched for greater coordination among BRICS nations on the issue of the 16th general review of quotas of the International Monetary Fund to give more say to developing countries.