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FinMin Asks Banks To Expedite NPA Resolution; Focus On Credit Growth

FinMin Asks Banks To Expedite NPA Resolution; Focus On Credit Growth

The meeting was scheduled to be chaired by Finance Minister Nirmala Sitharaman, but she could not attend due to some other pressing engagement

20 June 2022
Finance Minister 'embarrassed' PM by putting out GST dues on day he admonished states: Chidambaram

Finance Minister 'embarrassed' PM by putting out GST dues on day he admonished states: Chidambaram

The Finance Ministry said the Centre has already released eight months of GST compensation dues to the states for the fiscal ended March 2022 and Rs 78,704...

28 April 2022

Goa CM Retains Home And Finance, Panaji MLA Monserrate Gets Revenue, Khaunte New Tourism Minister

A notification allotting portfolios to the eight MLAs of BJP, who took oath on Mach 28 along with Sawant, was issued on Sunday.

Lok Sabha Passes Finance Bill On Crypto Taxes; Bitcoin Rises

Lok Sabha Passes Finance Bill On Crypto Taxes; Bitcoin Rises

Capital gains on crypto to be taxed at 30% from 1 April; Bitcoin rises 2.60 per cent in last 24 hours, Ethereum up 2.91 per cent.

25 March 2022

Many States Request GST Compensation Extension Beyond 5 Years, Says Nirmala Sitharaman

Under the GST law, states were guaranteed to be compensated bi-monthly for any loss of revenue in the first five years of GST implementation from July 1,...

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08 February 2022
Sustainability High On The Agenda Of Budget 2022

Sustainability High On The Agenda Of Budget 2022

The “green economy’ has been referred to as a “sunrise economy” with a potential for job creation as has been the circular economy transition and the...


08 February 2022
Bank Fraud Complaints Rise To 1.45 Lakh In 2021, Says Finance Minister

Bank Fraud Complaints Rise To 1.45 Lakh In 2021, Says Finance Minister

There is a decline of 13.01 per cent with regard to complaints in ATM/Debit Cards and there is an increase of 12.01 per cent and 52.99 per cent with regard to...


06 February 2022
Highway Construction To Be Speed Up To Meet Next Fiscal's Target, Says Giridhar Aramane

Highway Construction To Be Speed Up To Meet Next Fiscal's Target, Says Giridhar Aramane

The National Highways Authority of India (NHAI) and the National Highways and Infrastructure Development Corporation Ltd (NHIDCL) have so far constructed 7,500...


01 February 2022
Government Focus On Multi-Modal Connectivity To Boost Logistics Sector, Say Ind Players

Government Focus On Multi-Modal Connectivity To Boost Logistics Sector, Say Ind Players

Finance Minister Nirmala Sitharaman in her Budget speech on Tuesday said the PM Gati Shakti National Master Plan is a transformative approach for economic...


01 February 2022
Not Much For Auto Sector But Focus On Infra To Support Job Generation: Forging Industry On Budget

Not Much For Auto Sector But Focus On Infra To Support Job Generation: Forging Industry On Budget

The domestic forging industry on Tuesday said the Union Budget 2022-23 does not offer much for the automotive sector but its focus on investing more in...


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01 February 2022
Proposed Policy for Battery-Swapping To Promote Electric Mobility: Auto Industry Players

Proposed Policy for Battery-Swapping To Promote Electric Mobility: Auto Industry Players

The proposed policy for battery-swapping to promote electric mobility and other initiatives like the PM Gati Shakti National Master Plan for multimodal...


01 February 2022
SJVN Power Stations' Power Generation Grows 10% To Over 290 MU In January

SJVN Power Stations' Power Generation Grows 10% To Over 290 MU In January

State-owned SJVN's power stations generated 290.5 million units (MU) of energy during January 2022, 10 per cent higher from 265.69 MU in January 2021


01 February 2022
Higher MSP Allocation Will Drive Consumption In Rural Markets: FMCG Makers

Higher MSP Allocation Will Drive Consumption In Rural Markets: FMCG Makers

In the Budget 2022-23, Finance Minister Nirmala Sitharaman has made a provision for Rs 2.37 lakh crore worth of MSP (Minimum Support Price) direct payments to...


01 February 2022
Government Proposes To Tweak TDS Norms On Sale Of Immovable Property

Government Proposes To Tweak TDS Norms On Sale Of Immovable Property

As per the Finance Bill, 2022, presented in Parliament along with the other Budget documents, the government proposes to amend Section 194-IA of the Income Tax...


01 February 2022
India Budget 2022: What Does 30% Taxation On Cryptocurrency, NFTs, Virtual Digital Assets Mean?  

India Budget 2022: What Does 30% Taxation On Cryptocurrency, NFTs, Virtual Digital Assets Mean?  

Income from cryptocurrencies, NFTs and other virtual digital assets will be taxed; 1% TDS will also apply. Crypto industry has mixed reactions 


01 February 2022
Union Budget 2022 'Growth-Oriented', Devoid Of Populism: India Inc

Union Budget 2022 'Growth-Oriented', Devoid Of Populism: India Inc

Corporate leaders and industry bodies described the Budget as business-like and devoid of any populism, with an emphasis on improving the ease of doing...


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01 February 2022
Battery-Swapping Policy Would Be Instrumental For Electric Vehicle Ecosystem: Venu Srinivasan

Battery-Swapping Policy Would Be Instrumental For Electric Vehicle Ecosystem: Venu Srinivasan

TVS Motor Company said the Union Budget's announcement of battery-swapping policy would be instrumental in supporting an efficient electric vehicle ecosystem.


01 February 2022
Centre Allocates Rs 9,259 Crore To Special Purpose Vehicle AIAHL

Centre Allocates Rs 9,259 Crore To Special Purpose Vehicle AIAHL

The provision (of Rs 9,259 crore) is kept for servicing of loan transferred to special purpose vehicle as a result of financial restructuring of Air India.


01 February 2022
Government Extends Support Measures For Startups

Government Extends Support Measures For Startups

Startups have emerged as drivers of growth for the economy and over the past few years, the country has seen a manifold increase in successful startups.


01 February 2022
Corporate Affairs Minister Gets Higher Allocation Of Rs 733 Core For Next Fiscal Year

Corporate Affairs Minister Gets Higher Allocation Of Rs 733 Core For Next Fiscal Year

In the Union Budget 2022-23, presented by Finance Minister Nirmala Sitharaman on Tuesday, the amount allocated for the ministry includes revenue component of...


01 February 2022
Digital Currency Explained: India Catches Up With Global Fad

Digital Currency Explained: India Catches Up With Global Fad

The introduction of CBDC will give a big boost to digital economy.


01 February 2022
Government Raises Farm Credit Target To Rs 18 Lakh Crore For FY23

Government Raises Farm Credit Target To Rs 18 Lakh Crore For FY23

The government has increased the agricultural credit target to Rs 18 lakh crore for the 2022-23 fiscal from Rs 16.50 lakh crore for the current fiscal


01 February 2022
Government Lowers Revenue Target From Telecom To Rs 52,806 Core In 2022-23

Government Lowers Revenue Target From Telecom To Rs 52,806 Core In 2022-23

The government has lowered its estimates of revenue from the telecom segment to Rs 52,806 crore for the next financial year.


01 February 2022
Budget Seeks To Support Economic Growth Momentum: Bankers

Budget Seeks To Support Economic Growth Momentum: Bankers

Substantial rise in planned capital expenditure for creation of infrastructure, focus on affordable housing and development of the MSMEs and the farm economy...


01 February 2022
Budget: Health Sector Allocation Sees 16% Hike, New Programme For Mental Wellbeing Announced

Budget: Health Sector Allocation Sees 16% Hike, New Programme For Mental Wellbeing Announced

Finance Minister Nirmala Sitharaman said on Tuesday that a National Tele Mental Health Programme will be launched to improve access to quality mental health...


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