2023-12-04 13:55:21 There is no proposal under consideration to relax the existing terms for borrowing capacity of the State Governments, Finance Minister Nirmala Sitharaman told Parliament Monday. “Presently, there is no proposal to relax the existing terms for borrowing capacity of the State Governments including the Government of Kerala,” Sitharaman said in response to a … Read more
2023-11-07 13:26:56 New Delhi, The Centre on Tuesday authorised release of tax devolution of Rs 72,961.21 crore to states for November. “The Union Government has authorised the release of tax devolution of Re 72,961.21 crore to State Governments for the month of November 2023, on 7th November instead of the usual date 10th November,” the … Read more
2023-10-28 14:26:49 India’s G20 Presidency has opened doors for global investment and sustainable economic growth, Minister of State for Finance Pankaj Chaudhary said on Saturday. Under the able leadership of Prime Minister Narendra Modi, significant developments were made with world leaders, he said at an event organised by PHD Chamber of Commerce and Industry. “India’s … Read more
2023-10-17 19:06:28 The Centre on Tuesday notified an amendment to the Prevention of Money-laundering (Maintenance of Records) Rules, 2005, further tightening the record keeping in case of international transactions above ₹50,000 to prevent terror financing. Every international transaction above ₹50,000 will be subject to closer scrutiny and a reporting entity will have to identify clients, … Read more
2023-09-27 00:53:31 The Centre will borrow ₹6.55 lakh crore from the market through dated securities in the second half of this financial year, staying with the budget estimate and indicating a comfortable fiscal situation for now. In the first half of 2023-24, the government announced ₹8.88 lakh crore market borrowing out of the full-year target … Read more
2023-08-11 08:07:10 India expects production-linked incentive payouts to manufacturers to rise to at least Rs 13,000 crore this year, a top trade official said on Friday. Under the $24 billion scheme, the federal government pays local manufacturers when targets such as sales are met, aiming to boost investment in manufacturing. Targets differ from sector to … Read more
2023-07-19 19:02:20 The US has raised concerns at India’s approval for environmental release of genetically modified (GM) mustard and the “routine cultivation” of GM cotton by Indian farmers even as New Delhi mandates a non-GMO and GM-free status certificate from exporting countries for 24 food products, including apples, wheat, rice, tomato and potato. In a … Read more
2023-07-18 17:49:21 The Universal Postal Union will evaluate UPI for integrating the unified payment interface with cross-border remittances using global postal network, an official release said on Tuesday. Director General of Universal Postal Union (DG UPU) Masahiko Metoki, who is on a three-day visit to India for the inauguration of UPU Regional Office, also met … Read more