Faced with criticism that the privatization of airports for profit is burdening the AAI with economically unviable airports and fostering a monopoly in the sector, the Center plans to rewrite the policy Topicsprivatization of airports | Mumbai Airport | Adani Companies Faced with criticism that the for-profit airport privatization policy …
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The Ministry of Finance is certain that whenever the company goes to an Indian court with a request for enforcement of the award, it will object. TopicsCenter | Vodafone | foreign funds The Indian government will challenge Vodafone’s arbitration award, but will also approach international pension and insurance funds interested …
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New Delhi: The Ministry of Finance is likely to provide capital support from the ₹Rs 20 billion fund approved by Parliament in a recently concluded session for some public sector banks (PSBs) in the third quarter. Approved by Parliament ₹Rs 20 billion for PSB capital injection as part of the …
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GST compensation to states this year has been affected by the Covid pandemic (Representational) New Delhi: The Finance Ministry has dismissed allegations of a “diversion” of Rs 47,271 crore from the GST Compensation Fund, a non-cancellable fund to which the GST payment is transferred and from which compensation is paid …
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NEW DELHI: The government said Friday that it will consider all options, including legal remedies, regarding Vodafone arbitration case which was in favor of the company. British telecommunications giant Vodafone Group plc won the arbitration case against the Government of India for a claim of Rs 22,100 crore in taxes …
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The Ministry of Finance has granted permission to five states to raise additional financial resources of Rs. Rs 9,913 crore through Open Market Loans (OMB). The five states: Andhra Pradesh ( ₹2525 crore), Telangana ( ₹2508 crore), Goa ( ₹223 crore), Karnataka ( ₹4509 crore) and Tripura ( ₹148 crore) …
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To protect the interests of depositors, the Lok Sabha on Wednesday passed the Banking Regulation (Amendment) Bill 2020 to bring cooperative banks under the supervision of the Reserve Bank of India (RBI). Finance Minister Nirmala Sitharaman assured the Chamber that the legislation empowers the central bank to regulate only the …
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The Union government will honor its commitment to compensate states for the deficit in the collection of taxes on goods and services (GST) despite the strain on their finances due to the pandemic, said a senior government official. A portion of the compensation promised to the states, ₹Rs 97 billion …
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The Finance Ministry clarified on Saturday that there is no restriction or ban on filling posts in the Government of India, a day after it issued an order prohibiting the creation of new posts in central ministries, with a view to alleviating pressure on government resources due to the current …
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Following a push from the Ministry of Finance, Indian public sector lenders, led by the State Bank of India, are preparing the list of all defaulters who had given their personal guarantees while taking loans and defaulted, resulting in bankruptcy proceedings. According to the council, the personal guarantees of all …
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