May 13, 2021 02:53 PM IST
The reserve price for the assets has been fixed at Rs 15 crores and Rs 27.5 crores for Khare and Tarkunde Infrastructure and Heavy Metal and Tubes respectively, indicating a total haircut of 80 percent.
- May 11, 2021 08:40 AM IST
West Bengal is the fourth state, after Punjab, Chhattisgarh and Delhi, to ask for GST relief on COVID-19 supplies. FM Sitharaman's response, that domestically made and commercially imported items may not be exempted, could become a potential flashpoint, which will require deft handling at the next Council meeting.
- May 09, 2021 06:24 PM IST
A 5 percent GST rate on vaccines ensures that the manufacturer is able to utilise the input tax credit (ITC) and in case of overflow of ITC, claim refund, Finance Minister Nirmala Sitharaman said, in response to a letter from West Bengal CM.
- May 04, 2021 07:28 PM IST
Many states, including Delhi, Punjab and Chhattisgarh, want GST to be exempted temporarily on devices such as ventilators, concentrators, and life-saving drugs like Remdesivir.
- May 03, 2021 10:55 PM IST
The CM has also requested that the deadline for the payment of principal and interest instalments against the business loan be extended by at least three months, official said.
- May 03, 2021 08:58 AM IST
In his letter, the Jannayak Janta Party leader, whose party is a coalition partner of the BJP in Haryana, conveyed his gratitude to the Government of India for slashing the Integrated GST rate on oxygen concentrators for personal use to 12 per cent, from 28 per cent earlier, for two months.
- Apr 30, 2021 02:26 PM IST
India Inc has stepped forward to lend a helping hand as the country's COVID-19 case count continues to rise unabated and an acute shortage of medical oxygen keeps hospitals on the edge. Watch the video to know how industry majors and startups are helping to keep the supply chain moving and augment the availability of medical oxygen in different parts of the country.
- Apr 29, 2021 06:16 PM IST
Somanathan, Economic Affairs Secretary Ajay Seth, DFS Secretary Debashish Panda and DIPAM Secretary Tuhin Kanta Pandey are all from the 1987 batch of the Indian Administrative Service. But Somanathan had a higher rank in his batch, when he stood second in the All India exams. This is a deciding factor between officers of the same batch.
- Apr 29, 2021 02:43 PM IST
The woes of the MSME sector, facing a liquidity and supply crunch, shortage of labour and non-payment of dues forced by the pandemic-induced lockdown in 2020, continues
- Apr 28, 2021 06:02 PM IST
Putting forward a series of demands, RAI said around 80 percent of the retail stores are closed due to various restrictions across states and almost Rs 75,000 crore could turn NPA if urgent measures to ease the working capital challenges are not taken by the Reserve Bank and the Centre.
- Apr 23, 2021 10:10 PM IST
To enable ministries/departments expedite capital expenditure, it said, the cash management guidelines issued by the Ministry of Finance under the OM of 2017 have been relaxed.
- Apr 20, 2021 02:47 PM IST
Nirmala Sitharaman, addressing a seminar organised by the Merchants' Chamber of Commerce & Industry here, said the Centre has taken several steps to ensure that revival of the economy continues despite a raging second wave of the pandemic.
- Apr 19, 2021 11:49 AM IST
It is to be noted that the economy contracted by a whopping 23.9 per cent in the first quarter (April-June) of the previous financial year due to the outbreak of the COVID-19 pandemic.
- Apr 13, 2021 05:25 PM IST
The negotiations between India and the European Union on a free trade agreement have been stalled since May 2013, when both sides failed to bridge substantial gaps on crucial issues, including data security status for the IT sector. The negotiations with the 27-nation grouping were launched in June 2007.
- Apr 07, 2021 08:55 PM IST
The feeling in the government is that Yellen’s statement stems from the United States’ ‘one-shot’ approach to providing stimulus in face of the Covid-19 pandemic, which is opposed to India’s response, which has been more deliberate and has focused on the credit and fiscal side of things.
- Apr 06, 2021 02:35 PM IST
Ajai Seth’s appointment as economic affairs secretary raises questions as to who will be designated as the finance secretary. Seth, Expenditure Secretary TV Somanathan and DIPAM Secretary Tuhin Kanta Pandey are all from the 1987 batch.
- Apr 05, 2021 09:50 AM IST
The Stand Up India scheme was launched on April 5, 2016 to promote entrepreneurship at the grassroots level focusing on economic empowerment and job creation.
- Apr 02, 2021 08:01 PM IST
Hint: What a scheme pays out to subscribers as interest depends much on what the scheme earns.
- Apr 01, 2021 07:57 PM IST
Quoting a tweet of TMC MP Mahua Moitra, FM Nirmala Sitharaman clarified that the Finance Act 2021 has not brought in any new or additional tax on Indian workers in Saudi/UAE/Oman/Qatar.
- Apr 01, 2021 07:20 PM IST
Whose oversight was it anyway? What is the process followed by government departments in clearing crucial decisions?
- Apr 01, 2021 06:47 PM IST
West Bengal, Assam, Tamil Nadu and Kerala, where high-stakes electoral battles are underway, together contribute 23.9% in gross collections of national small savings, according to latest available data. Assembly elections give small savers a reprieve from interest rate cut.
- Apr 01, 2021 08:10 AM IST
Finance Minister Nirmala Sitharaman said the orders issued by oversight shall be withdrawn.
- Mar 31, 2021 01:22 PM IST
Regulator mulling introduction of substitution rights to lenders within the first five years. It enables them to replace the concessionaire with a different entity, subject to the approval of the concessioning authority
- Mar 27, 2021 04:36 PM IST
The civil aviation minister has confirmed that the government is determined and there is no hesitation in taking the disinvestment decision.
- Mar 25, 2021 05:28 PM IST
The bank will support the development of long-term non-recourse infrastructure financing in India, including development of the bonds and derivatives markets necessary for infrastructure financing and to carry on the business of financing infrastructure.