Tag Archives: Finance Minister

The government has decided to cut non-essential expenses, such as expenses on celebrations, creation of new positions and appointment of consultants, to save scarce resources for priority sectors, since the country’s fiscal deficit has already exceeded 103 percent of the estimated budget for all 2020. -21. The Department of Expenditures …

In an attempt to save resources for “priority schemes”, the Finance Ministry issued a detailed list on spending management on Friday. “In the context of the current fiscal situation and the consequent pressure on government resources, there is a need for greater economy and rationalization of non-priority spending …”, the …

The uncontrolled spread of the coronavirus pandemic across the country has put India’s economy, society and politics under unprecedented strain. A glimpse of the scale of the economic destruction caused was revealed at the 41st meeting of the GST (Goods and Services Tax) Council, where the deficit in compensation payment …

Representative image NEW DELHI: The Ministry of Finance of the Union has advised all the banks do not charge any fees on proceedings or payments made through electronic modethe Central Board of Direct Taxes (CBDT) said in a statement Sunday. According to the CBDT, some representations revealed that some banks …

Statements were made that some banks were imposing fees on UPI transactions. The Finance Ministry has advised banks not to charge any fees for transactions or payments made via electronic mode, the Central Board of Direct Taxes (CBDT) said in a statement on Sunday. According to the CBDT, statements were …

NEW DELHI : Jan Dhan account holders will be offered government-backed accident and life insurance, the Finance Ministry said on Friday, signaling an expansion of social security for the poor. The schemes on offer are Prime Minister Jeevan Jyoti Bima Yojana (PMJJBY) and Prime Minister Suraksha Bima Yojana (PMSBY). Both …

Pradhan Mantri Jan Dhan Yojana (PMJDY), the country’s financial inclusion initiative launched six years ago, has more than 403.5 million accounts with total deposits exceeding Rs 1.30 lakh crore, said the Ministry of Finance of the Union. The scheme, which has become the basis for the direct transfer of cash …

[ad_1] The third tranche of the Rs 20 lakh crore economic aid package announced by Finance Minister Nirmala Sitharaman focused on financing far-reaching reforms in the agricultural sector to not only revive economic growth but also unlock its latent potential by opening production and marketing routes. The measure is likely …

[ad_1] Union finance minister Nirmala Sitharaman on Friday said a number of steps were taken during the lockdown period to help farmers and fishery owners among others as she announced the third tranche of the Rs 20 lakh crore economic package. She said during the lockdown period the minimum support …

[ad_1] Union Finance Minister Nirmala Sitharaman announced on Friday that agriculture and allied activities will be the focus of the third tranche of the economic package to combat the damage caused by the coronavirus pandemic in the country. “I am going to announce 11 measures and eight of them are …