The finance ministry has asked these companies to rationalise branches and also trim administrative layers wherever possible, sources said.
The grants are released as per the recommendations of the 15th Finance Commission in monthly installments to meet the gap in revenue accounts of the states post devolution.
Officials said Polavaram authorities rejected the bills because of component-wise restrictions and other reasons such as quantities/components not covered in the previous detailed project report.
The secretaries of the departments concerned were directed on the basis of a petition seeking an immediate solution to the crisis in the sector.
Finance Ministry on Thursday released an amount of Rs 40,000 crore to the states and Union Territories under the back-to-back loan facility to meet the shortfall in GST compensation.
Deep disagreements festered within the Lebanese delegation during last year's negotiations with the IMF, with the government on one side and the central bank and local lenders on the other.
Finance Ministry in May expanded the scope of the Rs 3 lakh crore Emergency Credit Line Guarantee Scheme by including concessional loans to hospitals for setting up on-site oxygen generation plants.
The Group of Ministers (GoM) on rate rationalisation would also review inverted duty structure, recommend rationalisation measures, including merger of tax rate slabs.
In the previous fiscal (2020-21), the net collection was over Rs 3.27 lakh crore.
The rates for 8,555 products - such as marine, agriculture, leather, gems and jewellery - were announced under the RoDTEP scheme in August this year.
All ministries and departments are now permitted to spend as per their own approved monthly expenditure plan or quarterly expenditure plan until further orders during the remaining part of this FY.
Finance ministry officials plan to meet the Moody’s to provide details on how India will meet its budget targets for the current fiscal year, according to Bloomberg, citing sources.
There was a meeting with Fitch a couple of months ago, they said, adding next week the ministry officials will meet Moody's representatives.
The Budget Estimates (BE) for 2022-23 will be provisionally finalised after the expenditure secretary completes discussions with other secretaries and financial advisers.
IBA is involved in finding new solutions for the customers especially during the pandemic and has come up with guidelines for the cohesive functioning of the entire banking system, the CEO said.