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Tuesday, May 21, 2024

Ministry of Finance

16th Instalment of Rs.5,000 crore released to the States to meet the GST compensation shortfall

A total amount of Rs.95,000 crore released so far to all States and UTs with legislature This is in addition to additional borrowing permission of Rs.1,06,830 crore granted to the States The Ministry of Finance, Department of Expenditure has released the...

13th Instalment of Rs.6,000 crore released to the States to meet the GST compensation shortfall

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...

Telangana becomes the 3rd State to complete Urban Local Bodies reforms; Additional borrowing permission of Rs.2,508 crore issued

Telangana has become the 3rd State in the country to successfully undertake “Urban Local Bodies (ULB)” reform stipulated by the Department of Expenditure, Ministry of Finance. Thus, the State has become eligible to mobilise additional financial resources of Rs.2,508...

Rajasthan decides to go for Option-1 to meet the GST implementation shortfall

State will get Rs.4,604 Crores through special borrowing window and also permission to raise additional Rs.5,462 Crores through borrowings The Government of Rajasthan has communicated its acceptance for Option-1 out of the two options suggested by the Ministry of Finance...

PM Narendra Modi to chair Virtual Global Investor Roundtable on 5th November

Prime Minister Shri Narendra Modi will chair the Virtual Global Investor Roundtable (VGIR) on 5th November, 2020. The VGIR is being organized by the Ministry of Finance, Government of India, and National Investment and Infrastructure Fund. It is an...

Central Government releases Rs 6,000 crore as second tranche to 16 states and 3 Union Territories

Ministry of Finance has facilitated loans of Rs 12,000 crore till date under the Special Window to States/UTs The Ministry of Finance, Government of India, under its “Special Window to States for meeting the GST Compensation Cess shortfall,” will be releasing an...

Central Government borrows and transfers Rs.6,000 crore as first tranche to 16 States on account of GST compensation under Special Borrowing Window

The Government of India has evolved a special borrowing window to address the shortfall in the GST collection during the year 2020 – 2021. 21 States and 2 Union Territories opted for this special window involving back-to-back borrowing coordinated...

Government has always recognised the importance of wealth creators – Sitharaman

Union Minister for Finance & Corporate Affairs Smt Nirmala Sitharaman while interacting with the Managing Committee Members of PHD Chamber of Commerce and industry through video conferencing today said that the Government has always recognised the importance of wealth...

Government of India & AIIB sign an Agreement for $750 Million for COVID-19 support for India

The Government of India and the Asian Infrastructure Investment Bank (AIIB) here today signed a $750 million “COVID-19 Active Response and Expenditure Support Programme” to assist India to strengthen its response to the adverse impacts of the COVID-19 pandemic...

Central Public Sector Enterprises (32 Maharatnas and Navratnas) due payments to MSMEs

The Department of Expenditure, Ministry of Finance, has been monitoring, on a monthly basis, the performance of the 32 top Maharatna and Navratna Central Public Sector Enterprises (CPSEs) to review their capital expenditure and the dues to vendors with...
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Fusion Micro Finance Secures $25 Million Loan to Boost Financial Inclusion

Fusion Micro Finance, a leading NBFC microfinance company, announced on Friday that it has entered into a $25 million...
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