 | Finance Ministry allows Madhya Pradesh to raise Rs 1,423 crore extra fund through market borrowingThe Centre had in May last year enhanced the borrowing limit of the states by 2 per cent of their GSDP and half of this special dispensation was linked to undertaking citizen-centric reforms. |
 | Finance Ministry releases weekly instalment of Rs 6,000 cr to states to meet GST compensation shortfallThe Centre had set up a special borrowing window in October 2020 to meet the estimated shortfall of Rs 1.10 lakh crore in revenue arising on account of implementation of Goods and Services Tax. |
 | Centre looks at Bank Investment Company model after RBI concern on zero coupon bonds for PSB recapSources said that the RBI has raised some issues with regard to calculation of an effective capital infusion made in any bank through this instrument issued at par. |
 | RBI raises concerns over zero-coupon bond for public sector banks recapitalisationTo save interest burden and ease the fiscal pressure, the government has decided to issue zero-coupon bonds for meeting the capital needs of the banks. |
 | V-shaped economic recovery, vaccine approval cause for optimism: Finance MinistryDownside risks, however, remain due to the spread of a new variant from the UK and fatigue from social distancing guidelines, the Ministry noted. |
 | Approval of COVID vaccine lends strength to optimism on health, eco fronts: Finance Ministry reportThe gross GST revenue collected in December 2020 was Rs 1,15,174 crore, the highest since the introduction of Goods and Services Tax from July 1, 2017. |
| Commerce department seeks financial support from Finance Ministry for VRS scheme of MMTCThe company needs money to pay its employees who are opting for VRS and due to its weak financial conditions, MMTC is unable to pay the due amount. |
 | Finance Ministry, RBI to thrash out differences on NPAsThe RBI’s stance is evident in its report on banking trends in India for FY20 published recently, hinting at more money required for bank recapitalisation. |
| Government liabilities rise to Rs 107 lakh crore in Q2: Finance MinistryPublic debt accounted for 91.1 per cent of total outstanding liabilities at end-September 2020, as per the latest quarterly report on public debt management. |
| Centre releases Rs 6000 crore loan to states to meet GST compensation shortfallThe government had set up a special borrowing window in October 2020 to meet the estimated shortfall of Rs 1.10 lakh crore in revenue arising on account of implementation of GST. |
| Centre allows additional borrowings worth Rs 19,459 cr for six states that satisfy ridersThe first 0.5 per cent can be borrowed without any condition, while next 0.5 per cent would have to be made through the options offered by the Centre to meet the GST compensation shortfall. |
 | Modi government mulls bad bank idea as NPA fears soarTop officials said the proposal is still being studied though both bankers and industry chambers are lobbying for it. |
 | Finance Ministry allows Rajasthan to borrow Rs 2,731 crore more post ease of doing business reformThe ease of doing business is an important indicator of the investment friendly business climate in the country. |
 | Budget to up spending, but low tax inflow a worryFinance Ministry mandarins working on the coming year’s budget want to spend big on infrastructure, healthcare, defence, and incentives for industry. |
 | In-person verification must for GST registration: Finance MinistryThe Finance Ministry has notified new norms for GST registration in a bid to check the menace of fake invoices. |
