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Monday, Oct 03, 2022

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UNION FINANCE MINISTRY NEWS

Strained fiscal math limits foodgrain scheme extension to only 3 months

September 29, 2022 2:39 am

With the decision to extend the foodgrains scheme for three months, the Centre will end up spending Rs 44,762 crore incrementally for this period, which has led to experts estimating an overshooting of the fiscal deficit to the tune of Rs 1 lakh crore.

Growth robust & inflation in control, but no room for complacency: Finance Ministry

September 18, 2022 1:08 am

Downside risks to growth will persist insofar as India is integrated with the rest of the world, the Department of Economic Affairs under the Finance Ministry said in its report

Concern in Delhi over not being part of US-led critical minerals alliance

August 04, 2022 11:25 pm

Given India’s EV and electronics push, rare earth minerals vital to growth.

People hurt when they needed relief: Varun Gandhi on GST on pre-packaged food items

July 18, 2022 5:46 pm

A 5 percent Goods and Services Tax (GST) has kicked in on pre-packaged and labelled food items such as cereals, pulses, and flour weighing less than 25 kg.

Costlier imports may pull down CAD: Finance Ministry

July 15, 2022 4:08 am

Strong goods and service tax revenue and the windfall tax levied on July 1 will help the Centre to meet its fiscal gap target, which had come under pressure after the cut in excise duty on petrol and diesel, along with the high capital expenditure target.

No change in small savings rates: Amid rising G-Sec yields, economists were expecting a hike

July 01, 2022 1:59 am

The interest rates on small saving schemes are reset every quarter but have not been revised since the first quarter of 2020-21.

Growth, inflation risks from rising energy prices: Finance Ministry

April 08, 2022 1:02 am

'Heightened commodity prices, along with supply chain disruptions caused by geopolitical tensions between Russia and Ukraine pose a challenge to global economic activity'

Fertilisers likely to hike subsidy bill, but tax mop-up may keep deficit in check

March 14, 2022 7:00 am

Finance Ministry expects oil prices to cool off in the next 2-3 months as the impact of the geopolitical tensions may get eased by higher production from the United States and the OPEC member countries.

Finance Ministry to Ministries: Curb spends within RE

January 20, 2022 1:04 am

🔴 The proposal for Supplementary Demands for Grants may be projected after a thorough and objective assessment of additional requirements of funds, it said.

Finance Ministry nod to Rs 22.9K crore for stuck housing projects

December 11, 2021 1:50 am

🔴 The SWAMIH fund has already completed more than 1,500 housing units in the past six months, the ministry said on its Twitter handle.

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