Economic Relief Package Rs 1.1 Lakh Crore Loan Guarantee Scheme for COVID affected sectors announced. Rs 50000 crore for the Health sector and Rs 60000 crore for other sectors. Government to provide an additional Rs 1.5 lakh crore under the Emergency Credit Line Guarantee Scheme (ECLGS). Government announces Credit Guarantee Scheme to facilitate loans to …
Snapshot of Economic Relief Package related announcements Read More »
Finance Minister Nirmala Sitharaman chaired the 44th meeting of the GST Council through video conferencing. giving information about the decisions taken in this- GST on electric furnaces and temperature checking equipment has been reduced to 5 per cent and on ambulances to 12 per cent. These rates will be valid till September. GoM had recommended …
The government has withdrawn the decision to reduce the interest rates of small savings schemes. The Finance Ministry’s tweet states, “The interest rates of small savings schemes will remain the same as the rates in the last quarter of this financial year.” The Ministry has also said that the order for reduction in interest rates …
Government withdraws the decision to reduce the interest rates of small savings schemes Read More »
Union Cabinet has approved a bill to set up Development Finance Institution (DFI) with an initial capital infusion of 20 thousand crore rupees.The bill will be tabled in Parliament during the current Budget Session.
Finance Minister Nirmala Sitharaman today highlighted that the National Infrastructure Pipeline (NIP) will play a critical role in revitalizing the economy post pandemic. She said NIP is not only just central government budgetary expenditure on Infrastructure but also includes infra spending by states and the private sector. Chairing a virtual meeting with CEO, NITI Aayog …
Union Minister of Finance Nirmala Sitharaman addressed the Directors of Central Board of Reserve Bank of India. She explained the thinking behind Union Budget 2021-22 and priorities of the Government. During the discussion, board members made various suggestions for consideration of the government. The 587th meeting of the Central Board of Directors of Reserve Bank …
Union Finance Minister addresses Directors of Central Board of RBI Read More »
The Halwa ceremony, marking the final stage of the budget making process for Union Budget 2021-22, was held in North Block, New Delhi. The Finance Ministry said, a customary Halwa ceremony is performed every year before the lock-in process of Budget preparation begins.
Finance Ministers of the G20 countries gathered to discuss their views on the global economic outlook and downside risks in wake of the COVID-19 crisis and how G20 could carry forward the collective global action initiated during the crisis. Union Minister for Finance Mrs Sitharaman emphasized the need for further efforts by the G20 members …
G20 Finance Ministers’ virtual meeting attended by Finance Minister Nirmala Sitharaman Read More »