Special Liquidity Scheme for NBFCs and HFCs: Implementation Status Ministry of Finance The Special Liquidity Scheme of Rs. 30,000 crore for NBFCs and HFCs is being implemented w.e.f. 1st July, 2020 as a follow up of one of the announcements under Aatma Nirbhar Bharat package made by the Union Minister for Finance & Corporate Affairs Smt.…...
Finance Minister holds 2nd review meeting on CAPEX of CPSEs
Finance Minister holds 2nd review meeting on CAPEX of CPSEs Ministry of Finance Union Minister for Finance & Corporate Affairs Smt. Nirmala Sitharaman today held Video Conference with Secretaries of the Ministries of Civil Aviation, and Steel, and the Chairman Railway Board (CRB), along with the CMDs of 7 Central Public Sector Enterprises (CPSEs) belonging…...
Finance Minister holds review meeting on Special Window for Stressed Residential Projects to boost investment in the Real Estate Sector
Finance Minister holds review meeting on Special Window for Stressed Residential Projects to boost investment in the Real Estate Sector Ministry of Finance Union Minister for Finance & Corporate Affairs, Smt. Nirmala Sitharaman, today reviewed the performance of Special Window for Affordable and Mid Income Housing (SWAMIH)with Secretaries of Ministries of Finance and senior management team…...
Restrictions on Public Procurement from certain countries
Restrictions on Public Procurement from certain countries Ministry of Finance The Government of India today amended the General Financial Rules 2017 to enable imposition of restrictions on bidders from countries which share a land border with Indiaon grounds of defence of India, or matters directly or indirectly related thereto including national security.The Department of Expenditure…...
DGGI busts racket for tax evasion worth more than Rs 72 crore of clandestine clearance of cigarettes
DGGI busts racket for tax evasion worth more than Rs 72 crore of clandestine clearance of cigarettes Ministry of Finance Acting on specific intelligence the Directorate General of Goods and Service Tax Intelligence, Headquarters (DGGI, Hqrs) has unveiled a racket of clandestine clearance of cigarettes through a factory run in Kota. Searches were conducted at…...
A policy of Micro Financing is need of the hour for micro businesses in Rural, Agricultural and Tribal Sector: Shri Nitin Gadkari
A policy of Micro Financing is need of the hour for micro businesses in Rural, Agricultural and Tribal Sector: Shri Nitin Gadkari Ministry of Micro,Small & Medium Enterprises Union Minister for Micro, Small and Medium Enterprises and Road & Transport Shri Nitin Gadkari emphasized on the need of a policy or a model which can…...
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 (GoI) 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)…...
Memorandum of Understanding(MoU) between CBDT and MoMSME signed today
Memorandum of Understanding(MoU) between CBDT and MoMSME signed today Ministry of Finance A formal Memorandum of Understanding (MOU) was signed today between the Central Board of Direct Taxes (CBDT) and the Ministry of Micro, Small and Medium Enterprises, Government of India (MoMSME) for sharing of data by CBDT to MoMSME. The MoU was signed by…...
Finance Minister Smt. Nirmala Sitharaman attends the 3rd G20 Finance Ministers and Central Bank Governors Meeting
Finance Minister Smt. Nirmala Sitharaman attends the 3rd G20 Finance Ministers and Central Bank Governors Meeting Ministry of Finance Union Minister for Finance & Corporate Affairs Smt. Nirmala Sitharaman participated in the 3rd G20 Finance Ministers and Central Bank Governors (FMCBG) meeting under the Saudi Arabian Presidency through Video Conferencing here today to discuss the global…...
Aatma Nirbhar Bharat Package – Progress So Far
Aatma Nirbhar Bharat Package – Progress So Far Ministry of Finance Finance Minister Smt. Nirmala Sitharaman reviews implementation of Aatma Nirbhar Bharat Package pertaining to Ministries of Finance & Corporate Affairs Hon’ble Prime Minister Shri Narendra Modi on May 12th, 2020, announced the Special economic and comprehensive package of Rs. 20 lakh crores - equivalent…...