Anuradha Shukla

More relief for MSMEs on the cards

The government is considering rolling out a special credit window for small firms

3 hours ago

BJP-ruled states join free dose chorus, Modi government to assess fiscal viability

A senior official in the finance ministry told TNIE that states have questioned the logic behind the Centre’s forcing them to arrange for vaccines on their own or import them at a higher rate.

11 May 2021

No GST Council meeting until after poll results

Despite multiple state government requests, sources say meet unlikely before end of May

30 Apr 2021

Centre asks banks to foot the bill for interest-on-interest 

According to sources in the ministry, bankers had approached  the Department of Financial Services seeking a bailout, or at least a way to share the burden.

23 Apr 2021

As COVID-19 second wave once again threatens economy, Centre to continue austerity drive

Officials say that while the government is more prepared than last year, the second wave is worse than anticipated.

22 Apr 2021

Long lockdowns could derail divestment plan for current financial year, fears Centre

The official added that the issue will be discussed in detail next week, when Union finance minister Nirmala Sitharaman is likely to hold a meeting on the progress made on the divestment front.

11 Apr 2021

Better revenues to cushion FY21 fiscal deficit 

Officials say high proceeds from GST collection, prudent expenditure and better dividend from CPSEs came in handy

03 Apr 2021

After SOS calls from BJP candidates in poll-bound states and PMO stinker, savings rate cut nixed

The decision, announced a day before phase-2 voting in Bengal and Assam, drew widespread criticism. Sources said some BJP candidates, too, made calls to the PMO.

02 Apr 2021

Government may use lateral hiring to plug vacancies in Revenue Department

Officials claimed that the apex direct tax authority CBDT, which is the policy making and cadre controlling arm, also has four out of six Member posts vacant at present.

18 Mar 2021

Finance Ministry under pressure as RBI wants complete ban on Bitcoin

The Reserve Bank of India (RBI) and the finance ministry are at loggerheads over cryptocurrency.

17 Mar 2021

Relief likely for owners of Covid-hit bankrupt firms

The government also raised the minimum default threshold for initiation of insolvency proceedings to Rs 1 crore from Rs 1 lakh to protect smaller companies from the impact of the pandemic. 

12 Mar 2021

Life Insurance Corporation IPO estimated to be priced between Rs 400-600

The government plans to hold at least 75 per cent of LIC’s equity for the first five years following the planned IPO

11 Mar 2021

Modi government mulls personal tax reforms next fiscal: Source

The Centre had earlier proposed a new tax regime with more tax slabs and lower tax rates for taxpayers who agree to forego all deductions and exemptions available to them in the old tax regime.

09 Mar 2021

No immediate plans to bring fuel under GST ambit

Many states unlikely to agree due to the impact on VAT revenues

07 Mar 2021

Despite record high prices, cut in fuel excise duty unlikely this fiscal

The central government has set its receipt target and with the revised fiscal deficit targeted at 9.5 per cent, of the GDP, the government is in no mood to go for any duty cut.

03 Mar 2021