Others News

FM asks ministries to front-load CapEx, clear MSME dues at the earliest

29 June 2021 at 20:58

Finance Minister emphasised that enhanced CAPEX will play a critical role in revitalising the economy post-pandemic and encouraged the Ministries to front-load their capital expenditure.

Posted in Others | 978 Views

Stimulus package of Rs 6,28,993 crore announced by FM Nirmala Sitharaman to support Indian economy in fight against COVID-19 pandemic

28 June 2021 at 17:36

A Stimulus package of Rs 6,28,993 crore has been announced by Finance Minister Nirmala Sitharaman to support the Indian economy in the fight against the second wave of the COVID-19 pandemic.

Posted in Others | 2538 Views

Public Debt Management report for the quarter of January - March 2021

25 June 2021 at 22:28

During Q4 of FY21, the Central Government issued dated securities worth Rs 3,20,349 crore as against Rs 76,000 crore in Q4 of FY20, while repayment was at Rs 29,145 crore.

Posted in Others | 1566 Views

RBI issues guidelines on distribution of dividend by NBFCs

25 June 2021 at 06:35

RBI has decided to prescribe guidelines on the distribution of dividend by NBFCs. These guidelines shall be effective for declaration of dividend from the profits of the financial year ending March 31, 2022, and onwards.

Posted in Others | 1587 Views

Funds of Indians in Swiss Banks rise to over Rs 20,700 crore at the end of 2020 from Rs 6,625 crore at the end of 2019

19 June 2021 at 22:16

Media reports allude to the fact that the figures reported are official figures reported by banks to Swiss National Bank (SNB) and do not indicate the quantum of much debated alleged black money held by Indians in Switzerland.

Posted in Others | 2 comments | 4878 Views

MSME Extends Validity of Udyog Aadhaar Memorandum from 31st March 2021 to 31st December 2021

18 June 2021 at 06:24

Considering the hardships faced by MSMEs during the prevailing COVID-19 situation, the Ministry has extended the validity of Udyog Aadhaar Memorandum from 31st March 2021 to 31st December 2021.

Posted in Others | 9828 Views

Representation to RBI requesting relaxation in timelines from compliance with various reporting requirements by ICSI

16 June 2021 at 06:56

Relaxation from compliance with various reporting requirements under the Foreign Exchange Management (Transfer or Issue of Security by a Person Resident outside India) Regulations, 2017 due to the second wave of the COVID-19 pandemic.

Posted in Others | 1275 Views

Draft Rules relating to Employee's Compensation under the Code on Social Security, 2020 notified

16 June 2021 at 06:20

The Code on Social Security, 2020 amends and consolidates the laws relating to social security with the goal to extend social security to employees and workers in the organised as well as unorganised sectors.

Posted in Others | 1395 Views

FM asks Ministries to explore Public Private Partnership (PPP) mode for viable projects

11 June 2021 at 22:07

Finance Minister Smt. Nirmala Sitharaman chairs the meeting to discuss the infrastructure road map ahead. She conveys the Ministries to front-load their capital expenditure & aim to achieve more than their CAPEX targets.

Posted in Others | 1320 Views

Total Revenue Deficit Grant of Rs. 29,613 crore released to States in last 3 months

09 June 2021 at 15:58

The Department of Expenditure, Ministry of Finance on Tuesday released the 3rd monthly installment of Post Devolution Revenue Deficit (PDRD) Grant of Rs. 9,871 crore for the year 2021-22 to 17 States.

Posted in Others | 1209 Views