The government is planning to launch ‘Market Assurance Scheme’ with a corpus fund of Rs 500 crore under which states will procure crops if prices fall below the minimum support price (MSP), according to sources.
Brushing aside criticism of the newly announced mega healthcare scheme, Niti Aayog Vice-Chairman Rajiv Kumar has said it is a “game changer” and revenue from the 1 per cent additional cess would be enough to meet the funding needs.
The government is eyeing Rs 3,000 -4000 crore surplus funds lying with markets regulator Sebi as part of exercise to mop up non-tax revenue to bridge the fiscal deficit gap, a senior official has said.
The Finance Ministry is confident of meeting next year’s fiscal deficit target of 3.3 per cent, citing lesser uncertainties ahead, even as it failed to achieve its target for 2017-18.
The Reserve Bank should not “over-react” to high yield pressures in the bond market and refrain from hiking interest rates in its next monetary policy review on February 7, industry body Assocham said.
MSMEs will be at the forefront of leading the consolidation of the economy after major structural changes like demonetisation and introduction of the GST, which were carried out in the last two years, Arun Jaitley said.
New India Assurance, India’s largest non-life insurance company reported profit after tax (PAT) of Rs 617 crore in the third quarter against loss of Rs 24 crore in the year-ago period.
The Jammu and Kashmir Legislative Assembly today passed the Rs 95,666.97 crore budget for 2018-19 with 20 per cent rise in the budget size over this year.
Terming the MSME sector as the backbone of the economy, Finance Minister Arun Jaitley today said the sector would lead the current consolidation phase of the economy.
Chairman of $11-billion Adani Group Gautam Adani today said India now stands on the “cusp of explosive growth” and game-changing policies like GST, Aadhaar and Jan Dhan Yojana will lay the platform for decades of strong growth.
On 8 November 2016, PM Narendra Modi had announced the demonetisation of all old Rs 500 and Rs 1,000 banknotes. The government claimed that the action would curtail the shadow economy and crack down on the use of illicit and counterfeit cash to fund illegal activity and terrorism.
Finance Minister Arun Jaitley said on Saturday that the economy has entered into a phase of consolidation after a series of “structural reforms” which were initiated in the past two years. “
After a 20-basis-point spike on Thursday, the yield on the benchmark surged to an intra-day high of 7.88% on Friday before ending the day’s session at 7.76%.The Reserve Bank of India cancelled an auction of government securities for an amount of Rs 11,000 crore.
Emphasising that the present method of calculating licence fee (LF) and spectrum usage charge (SUC) is around 20 years old, the Telecom Regulatory Authority of India (Trai) on Friday suggested a review and rationalisation of both the levies in the new telecom policy, which is currently being prepared by the department of telecommunications and is […]
A group of homebuyers of Jaypee Infrastructure have urged the banks such as HDFC, ICICI and Axis bank for moratorium on EMIs for home loans granted in relation to projects of Jaypee.
Even as the government plans to review the refinance guidelines of Micro Units Development and Refinance Agency (Mudra), data showed that there has been little interest by financial institutions in refinancing loans through it.
The volume of United Payments Interface (UPI) transactions jumped 38 times year-on-year (y-o-y) to 151.83 million in January 2018. The value of UPI transactions grew over nine-fold y-o-y to Rs 15,571 crore.
BMC Budget 2018: BMC Commissioner Ajoy Mehta, while announcing the budget estimates, said that the civic body has focused on some of the projects that were announced in last year’s budget in order to give them a fresh impetus.
Kerala Budget 2018: Finance Minister T M Thomas Isaac described the budget as ‘women-friendly’ and quoted the works of women authors from iconic poets to budding writers throughout his presentation.
Kerala Budget 2018 Highlights: The Kerala government today presented its budget which focussed on fiscal consolidation, restricting the creation of new posts and purchase of vehicles.
Five months ago, on September 8, India’s Forex Reserves touch the $400 billion mark for the first time, then slipped below the mark; and then, once, again, touched in the mark after five weeks.
The finance ministry has sought a report from GSTN, the IT-backbone provider for GST, on glitches in the system that derailed the anti-tax evasion electronic way bill system on the very first day of launch.
The government may impose antidumping duty on import of a chemical, used in industries like plastics, from four countries, including China, for three years to guard domestic players from cheap shipments.
The government has moved the amendments to the Prevention of Money-laundering Act, 2002 (PMLA) through Finance Act 2018. The government aims to make the Act more effective and to widen its scope and take care of certain procedural difficulties faced by the Enforcement Directorate in prosecution of PMLA cases.
Kerala Finance Minister, Thomas Issac, gave a bumper budget as he announced the Kerala budget 2018 in Thiruvananthapuram today.
The much talked about e-way bill was to be implemented from February 1. However, the plan was deferred in wake of technical glitches. This comes as a big setback to the government considering the fact it was conducting trial runs for the e-way bill since January 17.
Budget 2018: Just day after Finance Minister Arun Jaitley presented budget 2018 in the Parliament, ratings agency Fitch has warned India saying that its high debt burden plays obstacle to rating upgrade. On the budget day Arun Jaitley had said in his speech that IMF has made forecast in its latest update that India will grow at 7.4 percent next year.