Monday, Aug 08, 2022
Outlook.com

Infra Assets Worth Over Rs 1.62 Lakh Crore To Be Monetised This Fiscal: Finance Ministry

Infra Assets Worth Over Rs 1.62 Lakh Crore To Be Monetised This Fiscal: Finance Ministry

In a written reply to the Lok Sabha, Minister of State for Finance Pankaj Chaudhary said about Rs 97,000 crore worth of public assets were monetised in the last fiscal (2021-22)

08 August 2022
E-Invoice To Be Mandatory For B2B Deals For Business With Turnover Of Rs 10 Crore From October 1

E-Invoice To Be Mandatory For B2B Deals For Business With Turnover Of Rs 10 Crore From October 1

Currently, businesses with turnover of Rs 20 crore and above are required to generate electronic invoice for all B2B transactions

02 August 2022

Core Sector Output Expands By 12.7% In June

The production growth of eight infrastructure sectors -- coal, crude oil, natural gas, refinery products, fertiliser, steel, cement and electricity -- was 19.3...

ADB Cuts GDP Forecast For FY23 To 7.2% On Covid, War Impact Amid Inflationary Pressure

ADB Cuts GDP Forecast For FY23 To 7.2% On Covid, War Impact Amid Inflationary Pressure

In April, the Manila-headquartered multilateral funding agency had forecast the Indian economy to grow by 7.5 per cent

21 July 2022

Economy On Course To Achieve 8-8.5% Growth Based On Q1 Data: Finance Ministry

"Since then, sustained growth momentum has been observed in several High Frequency Indicators (HFIs), indicating that the projected growth path is on course in...

Advertisement
08 July 2022
Centre Exempts Excise Duty On ATF Purchases By Indian Carriers For Overseas Flights

Centre Exempts Excise Duty On ATF Purchases By Indian Carriers For Overseas Flights

In a notification dated July 7, the finance ministry said the exemption from both basic excise duty and special additional excise duty would be applicable...


08 July 2022
Finance Ministry Pegs Dollar Value At Rs 79.90 For Computing Import Duty

Finance Ministry Pegs Dollar Value At Rs 79.90 For Computing Import Duty

The sharp revision is due to depreciation of rupee against dollar following outflow of capital caused by various external factors, including the hardening of...


06 July 2022
Finmin Extends Duty Exemption On Raw Cotton Imports Till October 31

Finmin Extends Duty Exemption On Raw Cotton Imports Till October 31

Amid rise in cotton and yarn prices, the textiles ministry had been pitching for an extension of the duty waiver beyond September


01 July 2022
June GST Collections Jump 56% To Rs 1.44 Lakh Crore, Second-Highest Since Rollout

June GST Collections Jump 56% To Rs 1.44 Lakh Crore, Second-Highest Since Rollout

This is the fifth time that the monthly GST collections crossed the Rs 1.40-lakh-crore mark since the inception of GST and the fourth month at a stretch since...


30 June 2022
Govt's Total Liabilities Rise 3.7% To Rs 133.22 Lakh Crore In March Quarter

Govt's Total Liabilities Rise 3.7% To Rs 133.22 Lakh Crore In March Quarter

In absolute terms, the total liabilities, including liabilities under the 'Public Account' of the government, jumped to Rs 1,33,22,727 crore at the end of...


Advertisement

26 June 2022
Ease Of Doing Business: States' Ranking Likely To Be Released On Jun 30

Ease Of Doing Business: States' Ranking Likely To Be Released On Jun 30

The exercise is aimed at triggering competition among states to improve the business climate to attract domestic and global investors


26 June 2022
Finance Ministry Asks Banks To Explore Fintech Partnership, Co-Lending Opportunities

Finance Ministry Asks Banks To Explore Fintech Partnership, Co-Lending Opportunities

In the recently concluded performance review of PSBs by the Finance Ministry, sources said, lenders were asked to focus on technology and data analytics to...


20 June 2022
India Faces Near-Term Challenges; Better Placed To Deal With Them: Finance Ministry Report

India Faces Near-Term Challenges; Better Placed To Deal With Them: Finance Ministry Report

Near-term challenges need to be managed carefully without sacrificing the hard-earned macroeconomic stability, the Monthly Economic Review said


19 June 2022
Government Asks Employees To Opt For Lowest Airfare, Book Tickets 21-Days Before Travel

Government Asks Employees To Opt For Lowest Airfare, Book Tickets 21-Days Before Travel

The Ministry further said that employees should book only one ticket for each leg of intended travel, make bookings even if approval of the tour program is...


17 June 2022
Finance Ministry Asks Banks To Explore Employment Opportunities For 'Agniveers'

Finance Ministry Asks Banks To Explore Employment Opportunities For 'Agniveers'

The Union Cabinet on June 14 approved a short-term recruitment scheme for the armed forces called Agnipath. The youths selected under this scheme will be known...


12 June 2022
Finance Ministry Issues Draft Sop For E-Commerce Jewellery Exports Through Courier Route

Finance Ministry Issues Draft Sop For E-Commerce Jewellery Exports Through Courier Route

Finance Minister Nirmala Sitharaman had in the 2022-23 Budget announced implementation of a simplified regulatory framework to facilitate export of jewellery...


Advertisement

07 June 2022
State-Run Banks To Hold Credit Outreach Drive Across All Districts On Wednesday

State-Run Banks To Hold Credit Outreach Drive Across All Districts On Wednesday

The Finance Ministry said all districts of the country are prepared to entertain customers and the public at large with their queries on the credit facility...


06 June 2022
First Set Of NPAs Likely To Be Transferred To Bad Bank Next Month: Finance Ministry

First Set Of NPAs Likely To Be Transferred To Bad Bank Next Month: Finance Ministry

In a series of tweets, the ministry said finance minister Nirmala Sitharaman on Monday reviewed the progress in setting up the NARCL


06 June 2022
Finance Ministry Releases Third Instalment Of Revenue Deficit Grant Of Rs 7,183 Crore To 14 States

Finance Ministry Releases Third Instalment Of Revenue Deficit Grant Of Rs 7,183 Crore To 14 States

The states receiving this grant are Andhra Pradesh, Assam, Himachal Pradesh, Kerala, Manipur, Meghalaya, Mizoram, Nagaland, Punjab, Rajasthan, Sikkim, Tripura,...


25 May 2022
Govt Has No Plan For Additional Borrowing To Manage Fiscal Deficit: Report

Govt Has No Plan For Additional Borrowing To Manage Fiscal Deficit: Report

The tax reduction on petrol and diesel will lead to revenue loss of around Rs 1 lakh crore per year for the government.


29 April 2022
US To Continue Engaging With India Over Ukraine: White House

US To Continue Engaging With India Over Ukraine: White House

US is engaging with India over the issue of Ukraine and this will continue at the Quad summit when President Joe Biden meets PM Modi in Japan next month, White...


22 April 2022
Finance Ministry Asks Banks To Strengthen Balance Sheet, Raise Capital From Market

Finance Ministry Asks Banks To Strengthen Balance Sheet, Raise Capital From Market

Financial Services Secretary Sanjay Malhotra exuded confidence that public sector banks will continue to strive and perform better on all metrics, including...


22 April 2022
Need To Address Challenges Relating To Conflict For Achieving Shared Prosperity: Nirmala Sitharaman

Need To Address Challenges Relating To Conflict For Achieving Shared Prosperity: Nirmala Sitharaman

"Union Finance Minister Smt. @nsitharaman attended Ministerial Dinner for Development Committee members in Washington D.C., today," the Finance Ministry said...


Advertisement
Advertisement
Advertisement
Advertisement
Advertisement