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  • Central PSUs racked up losses of more than Rs 1.5 lakh crore in last five years March 21, 2023 04:09 PM IST

    Central PSUs racked up losses of more than Rs 1.5 lakh crore in last five years

    Nearly a quarter of all CPSEs posted a loss in 2021-22, as per the data provided by the finance ministry to Parliament

  • WazirX blacklists 2,431suspicious accounts between October-March March 21, 2023 03:50 PM IST

    WazirX blacklists 2,431suspicious accounts between October-March

    The crypto exchange received 431 requests from Indian and foreign Law Enforcement agencies during this period, the exchange said in its 4th Transparency report

  • NPAs of public sector banks decline to 5.53% in December 2022: Finance Ministry March 20, 2023 08:40 PM IST

    NPAs of public sector banks decline to 5.53% in December 2022: Finance Ministry

    PSBs are in profit with aggregate profit being Rs 66,543 crore in the financial year (FY) 2021-22.

  • Government invites applications for RBI deputy governor post March 19, 2023 12:34 PM IST

    Government invites applications for RBI deputy governor post

    The tenure of the job is for three years and the post carries the pay scale of Rs 2.25 lakh (level 17)

  • Banks from UK, 17 other countries approved to open Vostro accounts for rupee trade March 14, 2023 04:44 PM IST

    Banks from UK, 17 other countries approved to open Vostro accounts for rupee trade

    The information was given by Minister of State for Finance Bhagwat Karad in the Rajya Sabha on March 14

  • Centre seeks Parliament nod to spend Rs 2.71 lakh crore more in 2022-23 March 13, 2023 04:48 PM IST

    Centre seeks Parliament nod to spend Rs 2.71 lakh crore more in 2022-23

    In December, the Centre had sought approval to spend Rs 3.26 lakh crore more on a net basis in its first Supplementary Demands for Grants for 2022-23

  • Economic advisor bats for PLI scheme, calls policymaking an entrepreneurial pursuit March 07, 2023 06:50 AM IST

    Economic advisor bats for PLI scheme, calls policymaking an entrepreneurial pursuit

    The Production-Linked Incentive (PLI) scheme, which is the flagship program of the Centre, has faced criticism from certain sectors for its perceived failure to generate adequate employment opportunities.

  • CEA Nageswaran says monthly data suggests FY23 GDP may be revised upwards March 02, 2023 02:45 PM IST

    CEA Nageswaran says monthly data suggests FY23 GDP may be revised upwards

    Data released earlier this week showed India's GDP growth rate fell to 4.4 percent in October-December

  • Live: G20 Foreign Ministers To Meet In New Delhi | Foreign Affairs Ministry Briefing March 01, 2023 12:02 PM IST

    Live: G20 Foreign Ministers To Meet In New Delhi | Foreign Affairs Ministry Briefing

    G20 foreign ministers are set to meet in New Delhi from March 1 to 2. EAM Jaishankar will host US Secretary of State Antony Blinken, Russia's foreign minister Sergey Lavrov and China's Qin Gang among others. While all eyes are on how the interactions between these leaders will be amid the Russia-Ukraine war, Foreign Secretary Vinay Mohan Kwatraon briefs the media ahead of the meetings.

  • Fiscal deficit widens to 67.8% of FY23 target at Rs 11.91 lakh crore till Jan March 01, 2023 06:29 AM IST

    Fiscal deficit widens to 67.8% of FY23 target at Rs 11.91 lakh crore till Jan

    The Centre is targeting a fiscal deficit of Rs 17.55 lakh crore for the current financial year, or 6.4 percent of the GDP

  • El Nino return can presage lower farm output and higher prices in FY24: FinMin February 24, 2023 11:25 AM IST

    El Nino return can presage lower farm output and higher prices in FY24: FinMin

    Some meteorological agencies predict the return of El Nino conditions in India this year.

  • Finmin to meet heads of banks on Feb 22; to review progress of ECLGS for MSMEs February 19, 2023 03:20 PM IST

    Finmin to meet heads of banks on Feb 22; to review progress of ECLGS for MSMEs

    Extension of ECLGS and LGSCAS beyond March 31 as well as challenges related to these would be deliberated.

  • No proposal to issue foreign currency govt bonds, says finance secretary February 16, 2023 04:06 PM IST

    No proposal to issue foreign currency govt bonds, says finance secretary

    The overseas sovereign bond proposal died a quick death more than three years ago but speculation continues, given the lower borrowing costs abroad

  • MCA site glitches: FM Nirmala Sitharaman reviews matter; MCA to form committee to address grievances February 14, 2023 08:24 PM IST

    MCA site glitches: FM Nirmala Sitharaman reviews matter; MCA to form committee to address grievances

    The glitches arose after 46 forms were moved to version 3 from version 2 of the website on January 23.

  • UPI of governance – How the Single Nodal Agency model streamlined public finances February 14, 2023 09:12 AM IST

    UPI of governance – How the Single Nodal Agency model streamlined public finances

    The Single Nodal Agency model is less than two years old but already has had a visible impact on public finances

  • Junior finance minister rules out setting up of independent fiscal council February 13, 2023 02:18 PM IST

    Junior finance minister rules out setting up of independent fiscal council

    In India, successive Finance Commissions have recommended the formation of a fiscal council but governments have rejected the proposals.

  • Budget 2023: PAN as unique identifier to boost single window utility, says govt official February 07, 2023 04:50 PM IST

    Budget 2023: PAN as unique identifier to boost single window utility, says govt official

    Finance Minister Nirmala Sitharaman proposed in Budget 2023 that PAN will be used as the common identifier for all digital systems of specified government agencies.

  • Finance Ministry asks CPSEs to refund 95% of performance/bid security forfeited from MSMEs till March 2022 February 06, 2023 08:00 PM IST

    Finance Ministry asks CPSEs to refund 95% of performance/bid security forfeited from MSMEs till March 2022

    This relief will be provided in all contracts for the procurement of goods and services, entered into by any Ministry/ Department/ attached or subordinate office/ autonomous body/ Central Public Sector Enterprise (CPSE)/ Public Sector Financial Institution, etc., with MSMEs.

  • No off-Budget borrowing in FY24, says Finance Secretary TV Somanathan February 06, 2023 02:15 PM IST

    No off-Budget borrowing in FY24, says Finance Secretary TV Somanathan

    The Budget for 2023-24 has estimated the Food Corporation of India’s Internal and Extra Budgetary Resources (IEBR) at Rs 1.45 lakh crore

  • Centre likely to hike dearness allowance by 4 per cent to 42 per cent February 05, 2023 11:54 AM IST

    Centre likely to hike dearness allowance by 4 per cent to 42 per cent

    The dearness allowance for employees and pensioners is worked out on the basis of the latest Consumer Price Index for Industrial Workers (CPI-IW) brought out by the Labour Bureau every month. The Labour Bureau is a wing of the Labour Ministry.

  • Budget 2023 revenue projections realistic, says revenue secretary February 03, 2023 02:24 PM IST

    Budget 2023 revenue projections realistic, says revenue secretary

    The Budget for 2023-24 has estimated that gross tax revenues will rise by 10.5 percent to Rs 33.61 lakh crore, in line with the nominal GDP growth assumption of 10.5 percent

  • No major GST rationalisation, slab changes planned for now, says revenue secretary February 03, 2023 01:50 PM IST

    No major GST rationalisation, slab changes planned for now, says revenue secretary

    India’s GST Council, which has the Centre and the states as its members, is the apex decision-making body for the indirect tax regime that was introduced in July 2017

  • Budget 2023: Confident about numbers but can’t land Boeing 747 on a helipad, says Finance Secretary Somanathan February 01, 2023 08:18 PM IST

    Budget 2023: Confident about numbers but can’t land Boeing 747 on a helipad, says Finance Secretary Somanathan

    According to Somanathan, the Centre reiterating its commitment to the fiscal deficit target of 4.5 percent of GDP for 2025-26 should indicate that it has the means and the ability to reach it

  • Budget 2023: Green bonds unlikely to be issued in first half of FY24 February 01, 2023 07:45 PM IST

    Budget 2023: Green bonds unlikely to be issued in first half of FY24

    The Union Budget did not specify whether the Centre would issue sovereign green bonds in 2023-24

  • Union Budget 2023: FM allocates Rs 1.75 lakh crore to fertiliser subsidies February 01, 2023 01:47 PM IST

    Union Budget 2023: FM allocates Rs 1.75 lakh crore to fertiliser subsidies

    Union Budget 2023: The allocation for the next fiscal year is lower than the revised estimate for fertiliser subsidy spending of Rs 2.25 lakh crore for this year.