scorecardresearch
Friday, March 29, 2024
TopicMinistry of Finance

Topic: Ministry of Finance

Modi govt expects better finances in second half of FY22 thanks to momentum of recovery

Despite the harsh economic impact of the pandemic, there has been a definite uptick in the tax collections, a half-yearly review by the finance ministry says.

Roti vs Malabar parotta, papad vs fryum – bizarre GST slabs for similar goods spark 4,600 cases

Since GST rollout in July 2017, many items are being taxed at varying rates despite their strong likeness. Experts say this is likely to continue unless slabs are reduced.

Indian finance ministry officer appointed to UN tax committee among 24 other global experts

Finance ministry joint secretary Rasmi R Das will be serving in the UN committee that guides countries towards forward-looking tax policies adapted to globalised trade.

Modi govt brings Department of Public Enterprises under Finance Ministry

With the addition, this will be the sixth department under the Finance Ministry. The rejig comes ahead of Cabinet expansion slated later in the day.

Wouldn’t have spoken different language if I were in finance ministry — NK Singh after Budget

N.K. Singh, head of the 15th Finance Commission, says Modi govt has been reasonable & fair on panel suggestions, given the fiscal pressures.

Why Modi govt has slashed 99.9% budget of agency meant to fund higher education institutes

Formed 4 yrs ago, Higher Education Financing Agency was meant to grant interest-free loans to institutions. But its failure prompted Modi govt to slash funding.

TN gets central govt nod to borrow 9,600 cr to meet GST shortfall, has picked Option 1

A total of 21 states and two UTs have so far agreed to the first of the two options offered by central govt to make up for its inability to pay GST compensation.

Modi govt’s reform of public banks a still-born effort, say Raghuram Rajan & Viral Acharya

Loan losses from the pandemic may be too huge for the government to pay, says a new paper authored by the former RBI governor and former RBI deputy governor.

Grand old party of Indian politics has sadly been taken captive by a dynasty: Arun Jaitley

The finance minister also said that the ‘slave’ mentality of senior leaders in Congress makes them sing the song scripted by the dynast.

2016 was not India’s first demonetisation drive

Though not comparable in scale and magnitude to the problems faced in 2016, India's first demonetisation caused considerable difficulties to people.

On Camera

Profit margins in lottery industry are tiny. Here’s how Future Gaming paid for its electoral bonds

Neither state govts nor companies earn large profits from lotteries. However, a look at the system shows there’s ample evidence of murky dealings and financial irregularities. 

Amid plans to lift AFSPA, Army starts joint training with Jammu & Kashmir Police

In an interview with Gulistan News this week, Union Home Minister Amit Shah said the government would leave law and order to J&K Police and slowly withdraw troops.

For BJP, Kejriwal is an idea whose time has come to be destroyed

The ‘idea’ Kejriwal's politics grew around was a no-holds-barred fight against corruption. That is the reason Modi govt has now tarred him and his entire party with the same paint.