IBBI amends the Insolvency and Bankruptcy Board of India (Insolvency Resolution Process for Corporate Persons) Regulations, 2016 Ministry of Corporate Affairs The Insolvency and Bankruptcy Board of India (IBBI) notified the Insolvency and Bankruptcy Board of India (Insolvency Resolution Process for Corporate Persons) (Fourth Amendment) Regulations, 2020 today. The Insolvency and Bankruptcy Code, 2016 (Code)…...
Government working with RBI on Industry’s need for loan restructuring: Finance Minister Smt. Nirmala Sitharaman
Government working with RBI on Industry’s need for loan restructuring: Finance Minister Smt. Nirmala Sitharaman Ministry of Finance The Union Minister of Finance and Corporate Affairs Smt. Nirmala Sitharaman today said that the government is working with RBI on the Industry’s need for the restructuring of loans due to the COVID-19 impact. While addressing the National Executive Committee…...
Monthly Review of Accounts of Union Government of India upto the month of Jun, 2020 for the Financial Year 2020-21
Monthly Review of Accounts of Union Government of India upto the month of Jun, 2020 for the Financial Year 2020-21 Ministry of Finance The Monthly Account of the Union Government of India upto the month of Jun, 2020 has been consolidated and reports published. The highlights are given below:- The Government of India has received Rs.1,53,581…...
Auction for Sale (Re-issue) of ‘5.22% GS 2025’, Auction for Sale (Re-issue) of ‘6.19% GS 2034’, and Auction for Sale (Re-issue) of ‘7.16% GS 2050’
Auction for Sale (Re-issue) of ‘5.22% GS 2025’, Auction for Sale (Re-issue) of ‘6.19% GS 2034’, and Auction for Sale (Re-issue) of ‘7.16% GS 2050’ Ministry of Finance The Government of India has announced the Sale (Re-issue) of (i) ‘5.22% Government Stock, 2025’ for a notified amount of Rs 12,000 crore (nominal) through price based auction, (ii) ‘6.19…...
Sovereign Gold Bond Scheme 2020-21 (Series V) – Issue Price
Sovereign Gold Bond Scheme 2020-21 (Series V) – Issue Price Ministry of Finance In terms of Government of India Notification No.4(4)-B/(W&M)/2020 dated April 13, 2020, Sovereign Gold Bonds 2020-21 (Series V) will be opened for the period August 03-07, 2020 with Settlement date August 11, 2020. The issue price of the Bond during the subscription…...
Big Boost to Khadi; Indian Red Cross Society to Buy 1.80 lakh Face Masks from KVIC
Big Boost to Khadi; Indian Red Cross Society to Buy 1.80 lakh Face Masks from KVIC Ministry of Micro,Small & Medium Enterprises As the popularity of the Khadi Face Masks grows across the country due to its fine quality and affordable price, the Khadi and Village Industries Commission (KVIC) has received a prestigious purchase order…...
Finance Minister Smt. Nirmala Sitharaman attends the 5th Annual Meeting of Board of Governors of Asian Infrastructure Investment Bank
Finance Minister Smt. Nirmala Sitharaman attends the 5th Annual Meeting of Board of Governors of Asian Infrastructure Investment Bank Ministry of Finance Union Minister of Finance & Corporate Affairs Smt. Nirmala Sitharaman attended the 5th Annual Meeting of the Board of Governors of Asian Infrastructure Investment Bank (AIIB) through video conference in New Delhi today. Every…...
DGGI books 3 firms for Tax evasion of more than Rs 600 Crore
DGGI books 3 firms for Tax evasion of more than Rs 600 Crore Ministry of Finance A case was booked against M/s. Fortune Graphics Limited, M/s. Reema Polychem Pvt. Ltd. & M/s. Ganpati Enterprises, who were found involved in issuance of invoices without any actual supply of goods. The case was detected and developed by…...
Auction for Sale (Re-Issue) of ‘5.09% GS 2022’, Auction for Sale (Issue) of ‘New 10 Year Government Stock, 2030’, Auction for Sale (Re-issue) of ‘GoI Floating Rate Bond 2033’, and Auction for Sale (Re-Issue) of ‘7.19% GS 2060’
Auction for Sale (Re-Issue) of ‘5.09% GS 2022’, Auction for Sale (Issue) of ‘New 10 Year Government Stock, 2030’, Auction for Sale (Re-issue) of ‘GoI Floating Rate Bond 2033’, and Auction for Sale (Re-Issue) of ‘7.19% GS 2060’ Ministry of Finance The Government of India (GoI) has announced the Sale (Issue/Re-issue) of (i) ‘5.09 per…...
Delhi Customs seizes smuggled cigarettes worth more than Rs 66 Lakhs at IGI Airport
Delhi Customs seizes smuggled cigarettes worth more than Rs 66 Lakhs at IGI Airport Ministry of Finance The Delhi Customs, IGI Airport, has booked a case of smuggling of Foreign Cigarettes (3700 Dandas) without pictorial warning imprinted on them on 23rd July, 2020 by 13 Indian passengers stranded in Dubai due to COVID-19. The passengers were…...