Tuesday, 6 December, 2022
TopicFinance ministry

Topic: finance ministry

Govt should stop ‘chasing high divestment targets’, says finance ministry official

The finance ministry official says to focus on privatisation of state-run companies instead, pointing to market volatility and investors' shaky appetite for risk.

India’s fiscal deficit for 2021-22 at 6.7% of GDP, lower than earlier estimate

The government in the revised estimates in the Budget for 2022-23 forecast a higher fiscal deficit of 6.9% of the GDP for the fiscal ended in March.

LIC IPO will get pushed to next fiscal if Modi govt doesn’t take call on timing in a day or two

With transactions likely to take 15 days, & given current market volatility, it is learnt budget division in finance ministry isn't including LIC IPO proceeds as part of this fiscal's calculation.

Modi govt to try again to sell Delhi’s The Ashok hotel, process to begin this week

The Ashok hotel is owned by the Indian Tourism Development Corporation, in which the government has over 87% stake.

SC says no recall of Hindustan Zinc divestment probe order, govt blames CBI’s ‘incorrect facts’

In November 2021 SC directed a CBI probe into 2002 initial stake sale of Hindustan Zinc Limited to Sterlite Opportunities and Ventures Limited. Finance ministry requested a recall of the order.

Increase capital spending, Centre tells states, Sitharaman to meet state FMs next week

Efforts to ensure that states increase capital spending also come at a time when spending by the private sector has continued to be slow.

Controversial FRDI bill being ‘fine-tuned’, likely to make a comeback in 2022-23

Finance ministry in process of finalising certain provisions like the ‘bail-in’ clause, which had triggered uproar that forced the legislation to be withdrawn in 2018.

About 41,177 posts vacant at public sector banks, says Nirmala Sitharaman

In a written reply in Lok Sabha, Sitharaman also said that no post/vacancy has been abolished during the last six years in the PSBs, except one post in Punjab & Sind Bank in 2016.

Rs 2000 notes comprise 1.75% of total bank notes in circulation, Modi govt tells RS

In a written reply, MoS Finance Pankaj Chaudhary said that no fresh indent has been placed for the Rs 2000 banknote from 2018-19 onwards.

Finance Ministry releases Rs 9,871 crore of revenue deficit grant to 17 states

The grants are released as per recommendations of the 15th Finance Commission in monthly installments to meet the gap in revenue accounts of the states post devolution.

On Camera

YourTurn

File photo of smog in Delhi. Some doctors have called air pollution a bigger threat than Covid-19.| Photo: Suraj Singh Bisht | ThePrint

Air quality is better but not enough to banish air purifiers. Here are options for your room & car

What’s the solution for people who cannot leave Delhi? Air purifiers from Dyson's expensive range to Xiaomi's affordable ones can be of help.

NFRA to conduct audit quality inspections of five audit firms

New Delhi, Nov 16 (PTI) The National Financial Reporting Authority (NFRA) will carry out audit quality inspections of five audit firms, including the...

Defence

The Defence Services Staff College in Wellington | Image credit: dssc.gov.in

In a first, six women officers to enter prestigious Defence Services Staff College

As many as 15 women appeared for the examination, out of which six were selected, including one who has made it to the course along with her husband. 

Why military is more for asserting political will, not just about controlling territory

No matter what tactics, doctrine, or weapon system is used, the objective of any war is to control territory, argues Gen. MM Naravane (retd). But it's politics that matters most.