Finance

The Fifteenth Finance Commission (XVFC)’s ToR was unique and wide ranging in many ways. The Commission was asked to recommend performance incentives for States in many areas like power sector, adoption of DBT, solid waste management etc. Another...

SUPPORT FOR DEVELOPMENT OF A WORLD CLASS FIN-TECH HUB AT GIFT-IFSC A PERMANENT INSTITUTIONAL FRAMEWORK TO BE CREATED TO PURCHASE INVESTMENT GRADE DEBT SECURITIES WAREHOUSING DEVELOPMENT AND REGULATORY AUTHORITY TO SET UP A COMMODITY MARKET ECO SYSTEM ARRANGEMENT TO DEVELOP AN INVESTOR...

With an aim to rationalize custom duty structure, ease compliance and give impetus to domestic manufacturing, the Union Budget 2021-22 has several indirect tax proposals. The Union Minister for Finance and Corporate Affairs Smt. Nirmala Sitharaman tabled the Union...

Based on revised estimate of gross market borrowing announced in Union Budget 2021-22, Government of India in consultation with the Reserve Bank of India, has decided to modify the indicative calendar for issuance of Government dated securities for the...

The gross GST revenue collected in the month of January 2021till 6PM on 31.01.2021 is ₹ 1,19,847 crore of which CGST is ₹ 21,923 crore, SGST is ₹ 29,014 crore, IGST is ₹ 60,288 crore (including ₹ 27,424 crore...

The Ministry of Finance, Department of Expenditure has released the 13th weekly instalment of Rs. 6,000 crore to the States today to meet the GST compensation shortfall. Out of this, an amount of Rs. 5,516.60 crore has been released...

The Halwa ceremony, marking the final stage of the Budget making process for Union Budget 2021-22, was held in North Block here today afternoon in the presence of Union Finance & Corporate Affairs Minister Smt. Nirmala Sitharaman. A customary...

The Union Minister for Finance & Corporate Affairs Smt. Nirmala Sitharaman held the pre-budget consultations with the Finance Ministers of States and Union Territories (with Legislature) here today. The meeting was held through Video Conference and was attended by...

The Government of India (GoI) has announced the Sale (Re-issue) of (i) ‘4.48% Government Security, 2023’ for a notified amount of Rs 6,000 crore (nominal) through price based auction, (ii) ‘GoI Floating Rate Bonds, 2033’ for a notified amount...

Total amount of Rs.66,000 crore released so far to all States and UTs with legislation This is in addition to additional borrowing permission of Rs.1,06,830 crore granted to the States The Ministry of Finance has released the 11th weekly instalment...