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Tuesday, May 21, 2024
TopicFinance ministry

Topic: finance ministry

States won’t move court over GST compensation, but want higher payout

The softened stance comes after the Centre agreed to borrow up to Rs 1.1 lakh crore to meet part of the GST compensation shortfall.

Centre to borrow up to Rs 1.1 lakh crore on behalf of states to bridge GST shortfall

The Finance Ministry says the amount borrowed will be passed on to the States as a back-to-back loan in lieu of GST Compensation Cess releases.

Govt open to announcing more measures to boost demand, finance ministry says

Govt has been stressing on the need for a fiscally prudent approach at a time when economists have suggested the Centre should increase spending to revive the economy.

No power at Finance Ministry & what may happen if Amit Shah’s post-poll ‘conscience’ awakens

The best cartoons of the day, chosen by the editors at ThePrint.

India may have crossed Covid peak, stage set for economic recovery, says finance ministry

In its economic outlook for September, finance ministry claims economic recovery may have gained momentum on account of govt’s economic package as well as Unlock. 

GST collections rise by 4% to Rs 95,480 crore in September

The tax collections from import of goods and domestic transaction were 102% and 105% respectively, of the revenues during the same month last year.

Govt to borrow Rs 4.34 lakh cr in second half of 2020-21 to meet expenses amid Covid crisis

The government is sticking to Rs 12 lakh crore borrowing target for the current fiscal, Economic Affairs Secretary Tarun Bajaj said.

Fireworks in Lok Sabha as opposition & Modi govt lock horns on ‘black hole’ PM-CARES

The exchange came as Lok Sabha debated the Taxation and Other Laws (Relaxation and Amendment of Certain Provisions) Bill 2020, which was eventually passed Saturday.

After Toyota’s tax crib, govt says GST is fair, auto makers must cut royalty to parent firms

In an interview to Bloomberg this week, a top official of Toyota’s local unit said taxes in India were too high, making car purchases expensive for buyers and impacting business.

GST compensation cess less than one-fifth of total shortfall, Maharashtra among worst hit

Finance ministry says Maharashtra, Karnataka, UP, Gujarat, Tamil Nadu reported largest shortfall in GST collections. Three BJP-ruled states agreed to borrow to meet the shortfall.

On Camera

Suchitra got her singing career through ‘Brahmin-Brahmin’ connection. It’s not ‘cute’

Suchitra is not the only ‘insider’ leaking secrets in Tamil Nadu. Actor Bayilvan Ranganathan, who mostly discusses the lives of celebrity couples in Kollywood, also brings in the views.

What’s geopolitical recession? World seems to be heading for one

The long-term rise of China and the 'Global South', combined with a decline of European and Japanese economic power is driving a fundamental shift.

With defence push, India looks to capture markets in Africa beyond western Indian Ocean

India’s defence sector is trying to penetrate the African market. But with China already extending significant influence, India must now play catch-up.      

Abki baar 90 paar for Congress? Why even 30 more seats will ruffle BJP

Discussion about outcome of Lok Sabha polls continues to boil in cauldron of expectations only from BJP. Now reverse this equation, what if we asked about the performance of the 'loser'?