Tag: finance ministry
FinMin asks govt entities against setting high turnover, payroll criteria in GeM consultancy tenders
New Delhi: The Finance Ministry has advised central government entities procuring consultancy services through the GeM portal against prescribing excessively high turnover and payroll requirements,…
Centre releases Rs 1.09 lakh crore to states, advances August tax devolution
New Delhi: The Centre on Saturday released ₹1.09 lakh crore in tax devolution to states, advancing this month’s transfer to strengthen their cash flows and…
Finance ministry calls for faster policy action to sustain growth amid global uncertainty
The finance ministry on Wednesday stressed the need for faster policy responses and stronger implementation to attract both domestic and foreign investment, Times of India…
Govt approves RBI’s trials of ₹10, ₹20 polymer notes; no plan to replace paper currency
The Centre has approved the Reserve Bank of India’s proposal to introduce polymer banknotes in ₹10 and ₹20 denominations for field trials, but said there…
Govt extends additional investment choices under NPS to autonomous bodies
New Delhi, The government on Tuesday said it has extended two additional investment choices under the National Pension System (NPS) to employees of central autonomous…
4,11,000 credit guarantees issued under ECLGS 5.0 to biz hit by West Asia crisis
The new emergency credit guarantee programme, launched by the Centre in May to support small businesses facing short-term liquidity stress linked to the West Asian…
ECLGS 5.0 crosses 4.11 lakh guarantees, extends Rs 1.55 lakh crore support to firms hit by West Asia crisis
The government’s Emergency Credit Line Guarantee Scheme (ECLGS) 5.0 has issued more than 4.11 lakh guarantees worth over Rs 1.55 lakh crore to businesses impacted…
Finance ministry, NFRA officials brief Par panel on corporate laws amendment bill
Finance ministry officials and the National Financial Reporting Authority (NFRA) on Wednesday briefed a joint committee of Parliament on a bill to amend corporate laws….
Rs 19,700-crore carbon capture scheme gets nod
New Delhi: The expenditure finance committee, under the finance ministry, has cleared a ₹19,700-crore scheme to help develop technologies and reservoirs to capture and store…
India willing to let fiscal deficit widen to 4.8% of GDP: Report
India is preparing for a wider-than-expected budget deficit this year, Bloomberg News reported on Friday, citing an official familiar with the matter, as the war…