The borrowing, said a statement from the Ministry of Finance, “will have no impact on the fiscal deficit of the Government of India.” The central government will borrow up to Rs 1.10 lakh crore on behalf of states to cover the shortfall in GST collections, the Finance Ministry said on …
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The central government will borrow ₹Rs 1.1 million lakh under the special window to cover the goods and services tax (GST) offsetting deficit, the Finance Ministry reported on Thursday. “In the framework of the Special Window for States to cover the GST compensation deficit, the estimated deficit of ₹The Government …
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Written by P Vaidyanathan Iyer | New Delhi | Updated: October 13, 2020 6:59:36 am Finance Minister Nirmala Sitaraman addresses a press conference in New Delhi on October 12, 2020 (Express photo: Prem Nath Pandey) Just three days ago, a consumer confidence survey conducted by the Reserve Bank of India …
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NEW DELHI: For the first time, the GST council failed to reach a consensus due to the sharp division along political lines, which Center leave 20-something state Issue bonds to raise funds and cover the collection shortfall. Continuing from where they left, the 10 opposition-ruled states and UT lobbied for …
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NEW DELHI: Finance Minister Nirmala Sitharaman announced an additional Rs 37,000 crore allocation for capital expenditures on Monday and put money in the pockets of government employees ahead of festival season, hoping to generate demand of Rs 1 lakh crore in his last attempt to revive. economic activity. The long-awaited …
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Prime Minister Narendra Modi praised Union Finance Minister Nirmala Sitharaman on Monday after she announced measures worth 73 billion rupees to stimulate consumer spending in the economy in an effort to combat the slowdown due to to the coronavirus pandemic. “Today’s announcements from FM @nsitharaman Ji are timely moves that …
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A meeting of the Council on Goods and Services Tax (GST) on Monday ended once again without any conclusion and the stagnation in compensation to states for the deficit in their share of indirect tax revenue continues, the finance minister said. of the Union, Nirmala Sitharaman. Nirmala Sitharaman’s comments came …
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Nirmala Sitharaman has asked for time to consider the demands of these nine states. (Proceedings) New Delhi: There is still no consensus to break the deadlock between the central government and those of the states and UT on the mode of payment of the GST compensation, the Union Finance Minister …
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Finance Minister Nirmala Sitharaman’s announcements of fiscal stimulus at a press conference on Monday turned out to be a bit silly. That’s because the ads are not expected to have a material impact on consumer demand. The boost to consumer spending is expected to be on the order of Rs36,000 …
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In order to stimulate consumer demand in the economy, the government announced on Monday a special advance plan for festivals in which all central government employees will be eligible for an interest-free loan of Rs 10,000 to be used in festival-related expenses until March 31. 2021. The loan will be …
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