Monday, 23 May, 2022
TopicFinance ministry

Topic: finance ministry

India’s external debt rises 2.1% to $570 billion till March-end 2021

Reserves to external debt ratio increased to 101.2% from 85.6% during the same period, consolidating India's position as a net creditor to the world, the finance ministry said.

Ministerial panels set up to review tax slabs, GST exempt list, identify evasion sources

The 7-member panel set up by finance ministry would be headed by Karnataka CM Basavaraj Bommai, & include Bengal FM Amit Mitra, Kerala FM Balagopal, Bihar Deputy CM Tarkishore Prasad.

‘Spend more, spend fast’ — Rajnath’s direction to armed forces ahead of mid-term budget review

Over the last week, the defence ministry has inked contracts worth about Rs 30,000 crore for procurement of transport aircraft and tanks.

Cabinet approves proposal to provide Rs 30,600 crore govt guarantee for bad bank

The proposed bad bank or NARCL will pay up to 15% of the agreed value for the loans in cash and the remaining 85% would be government-guaranteed security receipts.

India’s resilient V-shaped recovery still intact despite Covid 2nd wave: Finance Ministry

In its latest Monthly Economic Review, the Finance Ministry said growth of Indian economy by 20.1% in the first quarter was a testimony to India's strong macroeconomic fundamentals.

Nirmala Sitharaman asks banks to work with states to push ‘one district, one product’ agenda

Finance Minister Sitharaman further said there should be a simple approach between public sector banks so that exporters are not be made to run between banks to scout for better offer.

What is the best asset monetisation plan? Modi govt can learn important lessons from Australia

Without bureaucratic capability, India's plan could become a transfer of taxpayer-funded assets to a handful of businesses. Finding balance between public & private interests is key.

Tax filing deadline nears but new I-T portal faces glitches even 2 months after launch

Taxpayers and chartered accountants are struggling to file I-T returns on the new portal developed by Infosys.

Economic impact of Covid second wave likely to be muted, says finance ministry

The latest Monthly Economic Review, released by the ministry, stated that there are visible signs of economic rejuvenation since the second half of May.

Modi govt defers sale of 2 public sector banks to next financial year due to delays

Finance ministry is yet to finalise modalities to seek approval in Parliament for the sale, which leaves little time for the process to be completed this year.

On Camera

YourTurn

Protecting pilots’ mental health will keep us all safer.Photographer: Bruce Bennett/Getty Images North America

Mental health of pilots under scanner after plane crash in China

An anonymous survey of 1,848 pilots in 2015 found 12.6% suffered from depression while 4.1% experienced suicidal thoughts.

World’s $300 trillion in debt. Here’s what it means for services like health, education

To meet debt payments, at least 100 countries will have to reduce spending on essential services, the IMF estimates.

Defence

Representational image of drone. | Photo: Mark Kauzlarich | Bloomberg

As drones usher in new era of warfare, India’s growing UAV industry begins to take flight

With a growing indigenous base of drone manufacturers and exporters, and incentives from government, industry sentiment is bullish. However, some concerns remain. 

Mandir or Masjid? New surveys not needed, just acceptance of truth & move towards reconciliation

That temples were destroyed and mosques built is undisputed history. The past can’t be changed, but we can’t deny the wrongs of the past either before we consider reconciliation.
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