Finance
IREDA signs MoU with MAHAPREIT to provide loans for Green Energy projects
IREDA signs MoU with MAHAPREIT to provide loans for Green Energy projects; IREDA to provide Techno-Financial consultancy to MAHAPREIT for RE projects […]
NirmalaSitharaman
Finance
3 key projects worth more than Rs 500 crore for IFSCA
Union Finance Minister Smt. Nirmala Sitharaman discusses growth and development on her maiden visit to GIFT-IFSC at GIFT City, Gandhinagar; Finance Minister also announces clearance to 3 key projects worth more than Rs 500 crore for IFSCA […]
Finance
FM interacts with CMs and UT Lt. Govs on investment, infra and growth
Finance Minister Smt. Nirmala Sitharaman interacts with Chief Ministers/ State Finance Ministers and Lt Governors of UTs to step up investment, infrastructure and growth […]
Finance
FM Sitharaman attends Plenary Meeting of IMF Committee
Finance Minister Smt. Nirmala Sitharaman attends Plenary Meeting of the International Monetary and Financial Committee (IMFC) of the IMF in Washington D.C. […]
Finance
4th edition of Public Sector Bank Reforms Agenda – EASE 4.0 released
Finance Minister Nirmala Sitharaman unveils 4th edition of Public Sector Bank Reforms Agenda – EASE 4.0 in Mumbai; Announces EASE 3.0 award winners […]
Finance
Finance Minister launches the National Monetisation Pipeline
Finance Minister launches the National Monetisation Pipeline;
Asset Monetisation programme has taken shape because of the vision of Prime Minister: Finance Minister;
NMP estimates aggregate monetisation potential of Rs 6.0 lakh crores through core assets of Central Government […]
Finance
FM announces 6.28LCr package to support economy
Union Finance & Corporate Affairs Minister Smt. Nirmala Sitharaman here today announced a slew of measures worth 6.28 lakh crores to provide relief to diverse sectors affected by the 2nd wave of COVID-19 pandemic […]
Finance
India attracts US$ 81.72 billion in 2020-21
India attracted highest ever total FDI inflow of US$ 81.72 billion during 2020-21, 10% more than the last financial year […]
Finance
FM participates in ADB’s annual meeting
Finance Minister Smt. Nirmala Sitharaman participates in Governor’s Seminar as part of Asian Development Bank’s annual meeting 2021 […]
Finance
Finance Minister attends Development Committee Meeting of World Bank-IMF
Finance Minister Smt. Nirmala Sitharaman participated in 103rd meeting Development Committee Meeting of World Bank-IMF which included World Bank Group (WBG) and International Monetary Fund Support for Debt Relief Under the Common Framework and Beyond […]
Foreign Relations
FM attends 2nd Virtual G20 FM and CBG Meeting presided by Italy
Finance Minister Smt. Nirmala Sitharaman attends Second Virtual G20 Finance Ministers and Central Bank Governors Meeting held under the Italian presidency […]
General
20 States implement ease of doing business reforms
20 States implement ease of doing business reforms; Get additional borrowing permission of Rs. 39,521 crore
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Finance
New Exchange Rates for Imports & Export w.e.f. 19th March
Mar 18: The Central Board of Indirect Taxes and Customs has determined the rate of exchange of conversion of each of the foreign currencies to Indian Rupee with effect from 19th March, 2021 for the purpose of the said section, relating to imported and export goods. […]
Finance
New Exchange Rates for Imports & Export w.e.f. 5th March
CBIC has determined the rate of exchange of conversion of each of the foreign currencies to Indian Rupee with effect from 5th March, 2021 for the purpose of the said section, relating to imported and export goods. […]
Investments
India’s FDI equity inflow grew by 40% between Apr-Dec 2020
India attracted total FDI inflow of US$ 67.54 billion during April to December 2020; FDI equity inflow grew by 40% in the first 9 months of F.Y. 2020-21 (US$ 51.47 billion) […]
General
CRCL becomes RCL of World Customs Organization for Asia Pacific
Central Revenues Control Laboratory gets recognised as a Regional Customs Laboratory (RCL) of the World Customs Organisation […]
Finance
GSTR-9 and GSTR-9C dates extended
Due date for furnishing of GSTR-9 and GSTR-9C for the financial year 2019-20 extended further to 31.03.2021 […]
Finance
FM attends G20 Finance Ministers and Central Bank Governors Meeting
Smt. Nirmala Sitharaman participated virtually in the First G20 Finance Ministers and Central Bank Governors (FMCBG) meeting under the Italian Presidency […]
Foreign Relations
FM holds bilateral meeting with Secretary of State for International Trade, UK
Union Minister for Finance & Corporate Affairs Smt. Nirmala Sitharaman here today met Rt Hon Mary Elizabeth Truss, Secretary of State for International Trade, United Kingdom […]
Finance
Private sector has a key role in India’s growth recovery: FM
FM Nirmala Sitharaman said that while the Union Budget 2021-22 provides for enhanced capital expenditure by the Government, it also envisages private sector participation in a big way […]
Business
MCA revises threshold for paid up capital and turnover for Small Companies
Companies Act, 2013 for Small Companies has now been revised by increasing their thresholds for Paid up capital from “not exceeding Rs 50 lakh” to “not exceeding Rs 2 crore” & Turnover from “not exceeding Rs 2 crore” to “not exceeding Rs 20 crore” […]
General
MCA initiates process of De-criminalisation of compoundable offences
MCA initiates process of De-criminalisation of compoundable offences under Limited Liability Act, 2008 as informed in Union Budget 2021 […]
Finance
Summary of the Budget 2021-22
The Union Minister for Finance & Corporate Affairs, Smt Nirmala Sitharaman presented the Union Budget 2021-22 in Parliament today, which is the first budget of this new decade and also a digital one in the backdrop of the unprecedented COVID-19 crisis. […]
Finance
Key Highlights of Union Budget 2021-22
Presenting the first-ever digital Union Budget, Union Minister of Finance and Corporate Affairs Smt. Nirmala Sitharaman stated that India’s fight against COVID-19 continues into 2021 and that this moment in history […]
Finance
GST collection for Jan 2021 hits close to ₹1.2 lakhCr
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 […]
Finance
India looks forward for a V-Shaped Economic Recovery
A palpable V-shaped recovery in industrial production was observed over the year. Manufacturing rebounded and industrial value started to normalize; FM […]
Finance
Union Budget Mobile App launched by Finance Minister
Final stage of Union Budget 2021-22 commences with Halwa Ceremony; Finance Minister launches “Union Budget Mobile App” to provide easy and quick access to Union Budget information to all stakeholders […]
Finance
ADB gives $100M loan to upgrade power distribution system in Bengaluru
The Asian Development Bank (ADB) and the Government of India on 31st December 2020 signed a $100 million loan to modernise and upgrade the power distribution system to enhance the quality and reliability of electricity supply in Bengaluru city in the state of Karnataka. […]
Finance
IFSCA becomes member of IOSCO
The International Financial Services Centres Authority (IFSCA) has become an Associate Member of the International Organization of Securities Commissions (IOSCO). […]
Agriculture & Commodities
Import of Crude Palm Oil sees a rise of $70 per MT
Central Board of Indirect Taxes & Customs makes the following amendments in the notification related to the tariffs for Edible oils, gold, and other mineral imports. […]
Finance
IFSCA permits Banking Units to transfer of assets
The International Financial Services Centres Authority (IFSCA) today allowed Banking Units (BUs) to transfer assets to/from other financial institutions, persons resident in India […]
Finance
World Bank to fund US$400M to provide social assistance to the poor in India
The Government of India and the World Bank today signed a $400 million project to support India’s efforts at providing social assistance to the poor and vulnerable households, severely impacted by the COVID-19 pandemic. […]
Finance
NDB signs agreement for $1,000 million to provide support to Aatma Nirbhar Bharat Abhiyan
Government of India and NDB sign agreement for $1,000 million to provide support to Aatma Nirbhar Bharat Abhiyan through MGNREG Scheme to support India’s economic recovery from COVID-19 […]
Finance
Nirmala Sitharaman chairs Financial Stability and Development Council meet
Union Minister for Finance & Corporate Affairs Smt. Nirmala Sitharaman chaired the 23rd Meeting of the Financial Stability and Development Council (FSDC) through video conference here today. […]
Finance
Rs. 2lac cr sanctioned to 80L+ borrowers under ECLGS
Under an Emergency Credit Line Guarantee Scheme (ECLGS), as on 04.12.2020, as reported by Public Sector Banks, top 23 Private Sector Banks and 31 NBFCs, additional credit amounting to Rs. 2,05,563 crore has been sanctioned to 80,93,491 borrowers […]
Finance
MSMEs receive 21000 crores from GOI Agencies & CPSE
FM lauds concerted efforts resulting in higher procurement and payment of over Rs 21000 crore to MSMEs up to November; Government’s aggressiveness for the economic betterment of MSMEs shows the result; Procurement from and payment to MSMEs on the rise; MSME sector on the upswing […]
Finance
All States choose Option-1 to meet the GST implementation shortfall
The Government of India has set up a special borrowing window for the States & Union Territories who choose Option-1 to borrow the amount of shortfall arising out of GST implementation. […]
Finance
Latest Exchange Rates for Import & Export for Dec 2020
In exercise of the powers conferred by section 14 of the Customs Act, 1962 (52 of 1962), and in supersession of the Notification No.108/2020-Customs(N.T.), dated 19th November 2020 except as respects things done or omitted to be done before such supersession […]
Finance
ADB loans $50 million to strengthen WB public finance reforms
The Asian Development Bank (ADB) and the Government of India here today signed a $50 million policy-based loan to improve financial management procedures and operational efficiencies aimed at achieving more fiscal savings […]
Finance
ADB loans $132.8 million to strengthen Meghalaya’s power distribution Sector
The Asian Development Bank (ADB) and the Government of India today signed a $132.8 million loan to strengthen and modernize the distribution network and improve the quality of power supplied to households, industries, and businesses […]
Finance
Rs 1,04,963cr of gross GST Revenue collected in the month of November 2020
The gross GST revenue collected in the month of November 2020 is ₹ 1,04,963 crore of which CGST is ₹ 19,189 crore, SGST is ₹ 25,540 crore, IGST is ₹ 51,992 crore (including ₹ 22,078 crores collected on import of goods) and Cess is ₹ 8,242crore […]
Finance
Finance Minister delivers a keynote address at the inauguration of the Sri Lanka Economic Summit 2020
Union Minister for Finance & Corporate Affairs, Smt. Nirmala Sitharaman delivered a Keynote Address at the inauguration of the 20th Edition of Sri Lanka Economic Summit (SLES) 2020 in a virtual format, today. […]
Investments
Foreign Portfolio stands at Rs 62,782cr for November 2020
Indian growth story continues as is demonstrated by the trends in FPI, FDI, and Corporate Bond Market flow; FPI inflows stood at Rs 62,782 crore for November 2020; FDI equity inflows touch US$30,004 million up to September 2020 in FY2020-21-which is 15% more than the corresponding period of 2019-20; In H1 FY21, the total corporate bond issuances amount to Rs. 4.43 lakh crore, 25% higher than Rs. 3.54 lakh crore in the same period last year […]
Finance
Finance Minister holds 5th review meeting on CAPEX of CPSEs
Union Minister for Finance & Corporate Affairs Smt. Nirmala Sitharaman here today held a Video Conference with the Secretaries of the Ministries of Power, Mines, and Department of Atomic Energy and the CMDs of 10 CPSEs belonging to these Ministries, to review the capital expenditure (CAPEX) in this financial year. […]
Finance
ATC Asia Pacific to invest Rs. 2480.92cr in ATC Telecom Infra
The Cabinet Committee on Economic Affairs chaired by Prime Minister Shri Narendra Modi has approved the FDI proposal no. 4930 for acquisition of 12.32% of the equity share capital (on a fully diluted basis) of M/s ATC Telecom Infrastructure Private Limited by M/s ATC Asia Pacific PTE Limited […]
Finance
Finance Minister Smt. Nirmala Sitharaman says Economy is facing a reset exercise
Finance Minister Smt. Nirmala Sitharaman says momentum of reforms continues during the pandemic and will continue; Economy is facing a reset exercise […]
Finance
NBD to fund $500M for the RRTS project in NCR
Government of India & NDB Sign Agreement for USD 500 Million to Provide Fast, Reliable, Safe and Comfortable Public Transport System in The National Capital Region […]
Finance
Finance Commission presents a report to the Prime Minister
The Chairman and Members of the 15th Finance Commission today presented a copy of the Commssion’s report for the period 2021-22 to 2025-26, to the Prime Minister Shri Narendra Modi. The Commission had submitted its report to the President of India on 4 November 2020. […]
Finance
DIPAM signs an agreement with World Bank for advisory services on Asset Monetization
Department of Investment and Public Asset Management (DIPAM) has signed an agreement with World Bank today (16 Nov 2020). Under the agreement, the World Bank is to provide advisory services to DIPAM for asset monetization. […]
Finance
Income Tax gives relief for Real-estate Developers and Home Buyers
As part of the AatmaNirbhar Bharat Package 3.0 as announced by Hon’ble Finance Minister on 12th November, 2020, certain income tax relief measures were brought in for real-estate developers and home buyers. […]