-
March 01, 2023 07:26 PM IST The core of the PFMS reforms is the just-in-time release of funds. Initiated in 2021, the SNA dashboard enables ministries and departments to monitor the movement and disbursal of funds.
-
February 06, 2023 03:24 PM IST Finance Secretary says government’s priorities were to drive growth. Indian budget estimates are reasonable and that Adani episode will not dent India’s image overseas.
- February 06, 2023 02:15 PM IST
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
- August 31, 2022 09:34 PM IST
The Union Budget has pegged the fiscal deficit at Rs 16.61 lakh crore or 6.4 per cent of the gross domestic product (GDP) for the financial year ending March 2023.
- May 13, 2022 01:26 PM IST
Saying that the fiscal situation was less challenging last year, T V Somanathan stressed that the government will work on maintaining growth and fiscal stability, while the primary responsibility of controlling inflation lies with the Reserve Bank of India.
- February 21, 2022 01:42 PM IST
Finance Secretary T V Somanathan said the Centre provides for some "cross-cutting health infrastructure" and also spends on the Pradhan Mantri Jan Arogya Yojana, which helps people from lower strata of the society to access healthcare.
- February 03, 2022 07:28 AM IST
A daily round-up of the most interesting articles to help jump-start the day.
- August 06, 2021 08:13 AM IST
The proposed Bill lays down the procedure for tax refunds subject to conditions, Finance Secretary TV Somanathan said, adding that it "represents the best way forward" and offers a "fair solution" to companies who have objected to the retro tax law.
- February 03, 2021 10:27 PM IST
In an exclusive interview to Moneycontrol, Ajay Bhushan Pandey said that GST collections in the last couple of months have improved because of systemic changes undertaken by the department of revenue, without increasing tax rates.
- November 02, 2020 07:30 AM IST
The Narendra Modi government is now focused on sector-specific interventions, and is speaking to stakeholders across the board as it prepares its next set of stimulus announcements, Finance Secretary Ajay Bhushan Pandey told Moneycontrol in an interview.
- March 03, 2020 05:33 PM IST
Pandey had taken charge as the Revenue Secretary in November 2018, replacing Hasmukh Adhia who was to retire at the end of the month.
- February 04, 2020 04:14 PM IST
The move will help boost confidence of people in the banking system which has been shaken after a scam last year in Punjab and Maharashtra Cooperative Bank (PMC Bank) which affected lakhs of customers.
- May 30, 2019 07:21 PM IST
The committee on ECF was set up by the central bank in December last year and was expected to submit its report within 90 days from the date of its first meeting.
- January 14, 2019 08:27 PM IST
The Appointments Committee of the Cabinet has approved extension in service of Jha, Finance Secretary and Secretary, Department of Expenditure, for a period of one month beyond his superannuation, i.e. January 31 this year, said the order issued by the Personnel Ministry.
- December 11, 2018 10:46 AM IST
Reserve Bank of India Governor Urjit Patel resigned on Monday evening after a rift between the bank and the government, shocking financial markets.
- December 04, 2018 10:38 AM IST
Prime Minister Narendra Modi led Appointments Committee of the Cabinet has cleared Jha's appointment to the post after incumbent Hasmukh Adhia, a 1981-batch Gujarat cadre officer of the Indian Administrative Service (IAS), retired on November 30.
- February 06, 2018 12:12 PM IST
Hasmukh Adhia said he will discuss the issue of fall in local markets with Finance Minister Arun Jaitley.
- May 17, 2017 08:35 PM IST
- May 15, 2017 06:48 PM IST
The recent NPA ordinance is a part of a multi-pronged approach to resolve the bad debt crisis – that's the word from Finance Secretary, Ashok Lavasa. Speaking to CNBC-TV18's Malvika Jain in the USA, Lavasa also said that the government is looking at taking sector specific steps to tackle the bad loan problem.
- March 31, 2017 05:04 PM IST
Central government employees may be in for some good news this April as revised allowances including house rent allowance (HRA) are likely to be announced after April 12, when the ongoing Budget session of Parliament gets over.
- March 29, 2017 05:25 PM IST
The 'revolutionary' biometric identifier programme Aadhaar should not be undermined as it has brought efficiency in public spending and removed corruption, Finance Secretary Ashok Lavasa said today.
- November 09, 2016 11:52 AM IST
People, he said, do understand the objective behind the move. "And I'm sure they will cooperate in dealing with the difficulties and inconvenience that they might face. And eventually things will settle down." Lavasa said people need money for transaction so for replacement that currency is being introduced.
- November 09, 2016 08:52 AM IST
There will be discussion thread bare on the contour of the forthcoming Budget containing rail-related proposals, since the Rail Budget will be part of the General Budget and there will be no separate one for railways, said a senior official of Railway Ministry.
- October 04, 2016 10:17 PM IST
Post the monetary policy meet today, Ashok Lavasa told CNBC-TV18 that inflation should remain in control in the coming days and expects banks to pass on the rate cut to its borrowers.
- October 04, 2016 04:55 PM IST
Finance Secretary Ashok Lavasa said RBI and the government are on the same page with regard to inflation target and the government is taking all measures possible to keep inflation within the range of 2-6 percent.
