NEW DELHI: One day after the Center agreed to borrow Rs 1.10 lakh crore on behalf of the states for meet GST deficit, finance minister Nirmala Sitharaman on Friday he reached out to all states to explain the contours of the special window. The finance minister’s letter to the states …
Read More »
NEW DELHI: Finance Minister Nirmala Sitharaman On Thursday, he said that a V-shaped recovery pattern is being seen in several high-frequency indicators, driven by various measures taken by the government to revive economic growth, hit hard by the outbreak of the COVID-19 pandemic. . In his address to the plenary …
Read More »
By: Express Web Desk | New Delhi | Updated: October 15, 2020 8:10:19 pm Minister of Finance, Nirmala Sitharaman. (File photo) The central government will borrow up to Rs 1.1 lakh crore on behalf of the states to cover the shortfall in GST collections, the Finance Ministry said on Thursday. …
Read More »
NEW DELHI: The Lok Sabha proceedings were postponed four times on Friday following protests from the opposition over certain comments from BJP members, including against the Gandhi family. The uproar started during the procedure for the introduction of the tax bill and other laws (relaxation and modification of certain provisions), …
Read More »
NEW DELHI: The Center has released Rs 6,195 crore to 14 states as monthly payment for the subsequent return income shortfall subsidy. “On September 10, 2020, the government released Rs 6,195.08 crore to 14 states as the sixth equivalent monthly installment of the Post-Refund Income Deficit Grant as recommended by …
Read More »
Finance Minister Nirmala Sitharaman (File photo: ANI) NEW DELHI: Finance Minister Nirmala Sitharaman Thursday asked banks and NBFC to implement loan restructuring plan for COVID-19-related stress by September 15, and provide appropriate support to borrowers following the lifting of the moratorium on debt repayments. The minister urged lenders to immediately …
Read More »
NEW DELHI: Finance Minister Nirmala Sitharaman on Thursday called for a “swift implementation” of bank resolution plans aimed at reviving companies affected by the COVID-19 pandemic, and called on lenders to renew plans before September 15. Sitharaman also called on lenders to support borrowers, as the moratorium on loan repayments …
Read More »
NEW DELHI: The government is unlikely to give in to demands to change the goods and services tax (GST) offset formula despite opposition-ruled states requiring the Center to borrow from the market and transfer funds to cover the deficit between real collections and the promised growth of 14%. Senior government …
Read More »
NEW DELHI: Senior Congress Leader P Chidambaram on saturday i took a look at the finance minister Nirmala Sitharaman on his ‘Act of God’ comments on the economy, saying that “the FM as the Messenger of God” will answer how the “mismanagement” of the economy before the coronavirus pandemic should …
Read More »
[ad_1] Coronavirus Outbreak LATEST Updates: Maharashtra on Thursday reported 1,602 fresh COVID-19 cases, the highest single-day spike so far, taking the state’s overall count to 27,524, according to state health department data. With 44 deaths registered today, the death toll in Maharashtra due to the contagious coronavirus disease has now …
Read More »