The Indian economy is poised to reach pre-pandemic levels by the end of this year based on the trends observed so far, barring the incidence of a second wave that may be triggered by the fatigue with social distancing, the finance ministry said in its monthly economic report for October. Further, the Centre expects fiscal … Read more
Finance minister Nirmala Sithraman is open to considering further measures to stimulate the economy, following on from various booster programmes that have been announced since March. The finance ministry may also issue an assessment of the economic situation along the lines of the Reserve Bank of India (RBI), she said. “I have not closed the … Read more
NEW DELHI: Ahead of the crucial meeting of the Good and Services Tax (GST) Council on October 5, the Opposition-ruled states have dug in their heels against the Centre’s two borrowing options on GST shortfall compensation and are likely to take a common stand at the meeting. The Opposition-ruled states of Punjab, Chhattisgarh, Jharkhand, West … Read more
The Centre formally proposed two options for borrowings to meet the shortfall in goods and service tax (GST) compensation for FY 2020-21 to states, giving them seven working days to revert with their choice. State finance secretaries will meet Union finance secretary and expenditure secretary on September 1, 2020 for clarifying issues. States can individually … Read more
NEW DELHI: Finance Minister Nirmala Sitharaman on Saturday said the G20 Action Plan is an expression of collective commitment to fight COVID-19 pandemic and it should remain relevant and effective as the crisis evolves. Participating in the third Meeting of G20 Finance Ministers and Central Bank Governors via video conference, Sitharaman shared with G-20 India‘s … Read more