Tag: Finmin

New Delhi: In view of the fragile financial position, the finance ministry has capped expenditures in the last quarter of the current fiscal under revised criteria of 3-8 per cent reduction from the existing guidelines and directed all government departments and ministries to restrict within the budgeted expenditures. Considering the fiscal position of the government […]

New Delhi: The government is likely to opt for auctioning of more cash management bills (CMBs) to meet the debt obligations of government bonds in the next fiscal standing at Rs 3.02 lakh crore to avoid putting pressure on higher borrowings from the market. Higher market borrowings can impact the fiscal deficit. The redemption pressure that […]

New Delhi: The finance ministry is not in favour of increasing goods and services tax rates on non-essential items in the next month’s meeting of the GST Council, despite depressed revenue collections due to the nationwide lockdown to contain the spread of COVID-19. If goods and services tax (GST) rates are increased on non-essential items, […]

New Delhi: India has been witnessing a ‘V-shaped’ recovery since June with the gradual easing of restrictions on economic activities, said a Finance Ministry report. “The sustained improvement in high frequency indicators ignite optimism of an improved performance in second half of the year,” it said. The Monthly Economic Recovery for December by the Department […]