: “If only Saugata Roy could listen rather than comment on other factors,” said Nirmala Sitharaman. Highlight Trinamool MP Saugata Roy’s comment caused outrage in parliament The TMC deputy was arguing against the bank regulation amendment bill He hinted that the nation’s economic situation increased the minister’s concerns. New Delhi: …
Read More »The government releases a grant of 6,195 million rupees to 14 states
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 »The catalytic banks of economic reactivation: FM Sitharaman
MUMBAI : Finance Minister Nirmala Sitharaman said on Wednesday that banks will be the catalysts for economic recovery. “At this stage, the catalysts for economic reactivation, the catalysts that have the pulse of each of its clients, are the banks,” said the finance minister. He spoke after launching PSB Alliance-Doorstep …
Read More »As some states are opposed to borrowing money, Andhra Pradesh Prime Minister Jaganmohan Reddy says it is the only way to overcome the GST deficit.
Andhra Pradesh Chief Minister Jaganmohan Reddy has said that borrowing is the only way to overcome the crisis facing states amid the Center’s inability to repay the Rs 2.35 lakh crore shortfall in their participation in income from the goods and services tax (GST) this financial year. “The only way …
Read More »Center clears things up about GST quotas
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 …
Read More »Full GST compensation owed to states will be paid – Union government
NEW DELHI : The full amount of compensation owed to states for the deficit in the collection of the goods and services tax (GST) will be “paid”, the union government said on Monday. Part of it, ₹Rs 97 billion would be paid immediately and the balance over a deferred period …
Read More »Rahul Gandhi Tweets Video, Attacks Government, Says Record Contraction In Economy Due To GST
Rahul Gandhi tweeted a new video to attack the government. New Delhi: Congressional Leader Rahul Gandhi tweeted a new video this morning to attack the government when he blamed the ruling BJP for a record 23.9 percent contraction in the economy, linking it to the controversy over the goods and …
Read More »FinMin in order that prohibits the creation of new posts
“Normal hiring through government agencies such as the Personnel Selection Commission, UPSC, Rlwy Recruitment Board, etc. will continue as usual without restrictions,” the Finance Ministry said in an official statement. CLARIFICATION:There is no restriction or prohibition to fill positions in the government of India. Normal hires through government agencies such …
Read More »Foreign investors are serious about India’s commitment to reform: Sitharaman
NEW DELHI: Minister of Finance Nirmala Sitharaman on Saturday he said that India’s commitment to reform is being taken seriously by foreign investors, which is evident from the good inflow of FDI even during the Covid-19 era. Between April and July, foreign direct investment (FDI) in India stood at $ …
Read More »Andhra tops the “Ease of doing business” ranking, rising to number 2
FDI in India increased even during the pandemic, the Union Finance Minister said after releasing the data. New Delhi: Andhra Pradesh, followed by Uttar Pradesh and Telangana, topped the national ranking of ease of doing business published today by the Department for the Promotion of Industry and Domestic Trade. While …
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