Exchequer

The government has notified a 2.57-time hike in basic salary of one crore government employees and pensioners following implementation of the 7th Pay Commission Recommendations.

Govt to select merchant bankers for extra 10% stake sale in NMDC

The four bankers who will be selected on Friday will manage an offering which is expected to contribute just less than Rs 4,000 crore to the government exchequer.

Govt invites bids from merchant bankers for stake sale in NMDC

As per the Expression of Interest floated by Department of Investment and Public Asset Management (DIPAM), the last date for submission of bids by merchant bankers is May 16.

Alcohol ban to steer youth in right direction: JDU‘s Tiwari

Alcohol ban decision by Bihar will not only have huge ramifications for the people of the state but also on the exchequer because 67 percent of the state's sales tax revenue comes from liquor which was over Rs 3,600 crore in the last fiscal.

3G roaming pact to cause revenue loss to govt: DoT tells SC

TDSAT quashed a cumulative penalty worth Rs 1,200 crore imposed by DoT on the three telecom operators for violating a licence agreement. However, DoT continues to maintain that such pacts violate the licence agreement.

Are Amma‘s populist measures taking a toll on exchequer?

Tamil Nadu chief minister J Jayalalithaa has been rolling out populist measures such as low-cost canteens and mineral water, ahead of the elections.

Govt mulls buyback as weak mkt hits PSU divestment plans

The government currently is considering buyback options instead of divestment as current market conditions force them to do so. Coal India has given its nod for the same, while an approval from other companies is awaited, reports CNBC-TV18's Aakansha Sethi.

Government hopeful of 5%-divestment in CIL

The coal ministry on Wednesday expressed hope of getting the go ahead for divestment of 5-percent stake in Coal India Ltd that could raise Rs 10,000 crore for the exchequer, despite a section of the trade unions opposing the decision.

Food Security Bill 'a troublesome act': Ficci

Making clear its opposition to the Food Security Bill, industry body Ficci on Monday called it a "troublesome act", saying that cash transfer was be the best way forward.

Hind Copper share sale subscribed 69% till noon

The issue received bids for over 2.56 crore shares, or 69 percent, of the 3.71 crore shares on offer at 1225 hours, according to data from stock exchanges. The indicative price was Rs 70 apiece, which was also the base price for the share sale.

Govt clears 7.64% NFL stake sale;hopes net over Rs 130 cr

Government holds 97.64 per cent stake in the company and the disinvestment is being done to make it complaint with Sebi norms, Finance Minister P Chidambaram said today while briefing on the CCEA decisions.

Food Security Bill estimates subsidy of Rs 1.23 lakh cr

Implementation of the National Food Security Bill (NFSB), aimed at providing legal entitlement to food to around 67 percent of the population, is likely to cost the exchequer around Rs 1.23 lakh crore, the government said on Monday.

Govt should not withdraw DEPB scheme: PHD

The government should not withdraw tax refund DEPB scheme, which is ending in June, as it will make exports uncompetitive and would affect the growth momentum, industry body PHD Chamber said today.