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Latest Articles in finance ministry

COVID-19: FinMin Asks States To Vaccinate Staff Of Banks, Insurance Cos On Priority Basis

This becomes impediment to account holders access to funds in their hours of needs, disbursement of DBT payments, extension of credit to mitigate disruption to business, etc which should otherwise be uninterrupted and seamless

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Govt Appoints Vandita Kaul As Nominee Director On Board Of Bank Of India

Bank of India has a total of eight members on its board, including the MD and CEO Atanu Kumar Das, its four executive directors, one nominee director each from the government and the RBI and one shareholder director.

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SWAMIH Fund For Stalled Housing Projs To Benefit 1.16 Lakh Home Buyers: Sitharaman

The finance minister said the Government of India had stepped in to provide funding to the stressed affordable and mid-income housing projects, thereby giving relief to the home buyers who had invested their hard-earned savings.

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FinMin, NDB To Hold Seminar On Importance Of Social Infra Financing, Digital Tech Use

The COVID-19 pandemic has reinforced the importance of investing in social infrastructure and underpinned the importance of leveraging digital technologies in advanced and emerging economies

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Budget Heading For Vaccination Expenditure Does Not Inhibit Centre From Using Funds: FinMin

India is facing the world's worst outbreak of COVID-19 cases with more than 3 lakh new daily cases being reported for two weeks now and the new cases reached more than 4 lakh daily over the weekend.

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FinMin Asks PSU Banks To Keep High Vigil On Any Attempt To Seize Funds By Cairn

Cash of Indian banks lying in nations such as the US and the UK are said to be easy target for seizing and enforcing the arbitration award.

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FinMin Releases Rs 9,871 Cr As Revenue Deficit Grant To 17 States

The 15th Finance Commission has recommended Post Devolution Release Deficit grants to 17 states based on the gap between the assessment of revenue and expenditure of the state.

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Govt Waives IGST On Import Of COVID-Relief Material Received As Donation For Free Distribution

The IGST exemption given on Monday would be subject to nodal authorities, appointed by the state governments, authorising any entity, relief agency or statutory body, for free distribution of such relief material.

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Govt Is working Arduously For Smooth Co-ordination Between States, Hospitals & Suppliers of Oxygen and Vaccines: FM

Sitharaman mentioned that the Government is reviewing and monitoring the situation regularly and working arduously for a better co-ordination between States, hospitals and suppliers of oxygen and vaccines to match the demand and supply in the country.

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'Finmin's Prompt Measures Helped In Nirav Modi Extradition Process'

A scam of this magnitude had potential to create instability in the financial sector but the deft handling saved the entire public sector banking space from the crisis and litigation.

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Finmin Widens Scope Of ECLGS, Includes Healthcare Sector

SMA-1 borrowers in the healthcare sector and 26 other high stress sectors (as identified by the Kamath Committee) are now eligible under ECLGS 2.0

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Indirect Tax Mop-Up Exceeds RE, Grows 12% In FY21 At Rs 10.71 Lakh Cr

Customs revenue during 2020-21 came in at Rs 1.32 lakh crore, a 21 per cent growth over Rs 1.09 lakh crore collected in 2019-20.

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Banks Sanction Rs 15 Lakh Crore Under Mudra Yojana In Last 6 Years

Ministry of Finance is committed to provide financial inclusiveness and support to the marginalized and hitherto socio-economically neglected classes.

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FinMin Releases Rs 45,000 Cr To States As Add'l Devolution On Buoyant Q4 Revenue Mop-Up

The 15th Finance Commission has recommended that the states be given 41 per cent of the divisible tax pool of the Centre during the 2020-21 fiscal.

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Centre Releases Rs 30,000 Cr To States As GST Compensation

The Centre has also settled Integrated GST (IGST) of Rs 28,000 crore, of which Rs 14,000 crore has been shared equally between states and the Centre.

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