Others News

Chief Economic Advisor steps down, says "Will Return back to Academia"

09 October 2021 at 06:18

While being conscious of the enormous privilege bestowed on me, I will happily return back to serving the country as a researcher after fulfilling my three-year commitment. - K V Subramanian.

Posted in Others | 1332 Views

Tata Sons Wins Air India Bid For Rs. 18,000 Crore

09 October 2021 at 06:17

The next step will be to issue the Letter of Intent (LoI) and then sign the Share Purchase Agreement following which, the conditions precedent would need to be satisfied by the successful bidder, the company and Government.

Posted in Others | 2592 Views

GoI receives Rs. 8,08,672 crore up to August 2021 as per the Monthly Review of Accounts

01 October 2021 at 06:02

The Government of India has received Rs. 8,08,672 crore upto August, 2021 comprising of Rs. 6,44,843 crore Tax Revenue (Net to Centre), Rs. 1,48,650 crore of Non Tax Revenue and Rs. 15,179 crore of Non Debt Capital Receipts.

Posted in Others | 1098 Views

India poised to become one of the largest digital markets in the world, says Commerce Minister

01 October 2021 at 06:01

As of May 2021, India's United Payments Interface (UPI) has seen participation of 224 banks & recorded 2.6 billion transactions worth over $68 Bn and the highest ever, more than 3.6 Bn transactions, in Aug'21.

Posted in Others | 1467 Views

ECLGS' scope expanded and scheme extended till 31st March 2022

30 September 2021 at 06:01

As on 24th September 2021, loans sanctioned have crossed Rs. 2.86 lakh crore under the Scheme and out of total guarantees issued, about 95% of the guarantees issued are for loans sanctioned to Micro, Small and Medium Enterprises.

Posted in Others | 1533 Views

Quarterly Report on Public Debt Management for the quarter ended June 2021

29 September 2021 at 05:49

During Q1 of FY22, the Central Government issued dated securities worth ₹3,18,493 crore as against ₹3,46,000 crore in Q1 of FY21, while repayment were at ₹1,05,186 crore. The weighted average yield of primary issuances increased to 6.11% in Q4 FY21.

Posted in Others | 909 Views

Government's Borrowing Plan for Second Half (H2) of FY 2021-22

28 September 2021 at 05:44

The Government plans to borrow ₹5.03 lakh crore in H2 of FY 2021-22. The H2 FY 2021-22 projection also factors requirements for release of balance amount to states on account of back-to-back loan facility in-lieu of GST compensation during the year.

Posted in Others | 1275 Views

India needs 4 -5 more banks like SBI to meet changing requirements of the Indian Economy: Nirmala Sitharaman

27 September 2021 at 05:54

The Finance Minister reminded bankers of the need to adapt in line with fast changes in technology. "What we think is latest today will be outdated in a year or so, we have to thus acquire resources to constantly update ourselves."

Posted in Others | 1515 Views

Ministry of Finance approved capital expenditure projects of Rs. 2,903.80 crore in 8 States

25 September 2021 at 21:11

The Department of Expenditure, Ministry of Finance, has approved capital projects of Rs. 2,903.80 crore in 8 States under the scheme entitled ‘Special Assistance to States for Capital Expenditure for 2021-22’.

Posted in Others | 1140 Views

Grant of Rs. 2427 crore released to States for Urban Local Bodies

18 September 2021 at 07:12

The States are required to transfer the grants to the ULBs within 10 working days of receipt from the Union Government. Any delay beyond 10 working days requires the State Governments to release the grants with interest.

Posted in Others | 1311 Views