Community & General News

FM Nirmala Sitharaman holds review meeting on CAPEX for Civil Aviation and Telecommunications

26 October 2021 at 08:37

The Finance Minister emphasised that there must be an accelerated phase of infrastructure development and Ministries must continuously make concerted efforts to ensure that project implementation is fast-tracked.

Posted in Community & General | 1254 Views

Cabinet approves an increase of 3% over the existing rate of 28% of the Basic Pay / Pension

22 October 2021 at 08:34

Cabinet approves release of an additional instalment of Dearness Allowance to Central Government employees and Dearness Relief to Pensions, due from 01.07.2021

Posted in Community & General | 1737 Views

Total Revenue Deficit Grant of Rs. 69,097.00 crore released to States in current financial year

12 October 2021 at 21:59

The Department of Expenditure, Ministry of Finance has released the 7th monthly instalment of the PDRD Grant of Rs. 9,871.00 crore to the States. With the release of this instalment, a total amount of Rs. 69,097.00 crore has been released.

Posted in Community & General | 1392 Views

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 Community & General | 1341 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 Community & General | 2607 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 Community & General | 1101 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 Community & General | 1482 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 Community & General | 1554 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 Community & General | 930 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 Community & General | 1299 Views