NITI Aayog is working on a real-time dashboard for all ministries, especially infrastructure ministries, to evaluate the performance of every scheme under each ministry, says Rajiv Kumar

The government has come under tremendous pressure to meet its fiscal target due to a falling revenue collection and a series of measures taken in the last month to reinvigorate the sagging economy

Senior Finance Ministry officials met heads CPSEs and financial advisors of infrastructure ministries to devise measure to push capital expenditure, so as to pump liquidity and boost demand

While a section of the market believes the government should slash GST rates on cars from 28% to 18% to revive demand, underwhelming monthly GST collection figures are of little comfort to the government

On whether the RBI surplus transfer would help the government compensate for shortfall in tax revenues, Kumar said that efforts would be to raise non-tax revenue through disinvestment and asset monetisation

Big win as Jalan panel says revaluation reserves cannot be touched

The Centre's as well as the states' liabilities are rising at an alarming rate

Government will try to raise non-tax revenue through disinvestment and asset monetisation, said Niti Aayog Vice Chairman Rajiv Kumar.

'Personally, this is grossly inadequate, the RBI is sitting on a large amount of unproductive capital which it is not using, it is lying in the reserves of foreign banks and giving us barely any returns,' said Goyal

Of the Rs 1.76 lakh crore surplus transfer the government has already accounted for in the budget Rs 90,000 crore as surplus transfer from RBI and another Rs 28,000 crore has already been paid as interim dividend to the government in 2018-19

The government cannot stop or slow down spending - the economy is already losing steam with exports, private consumption and private sector investment slowing down

The Reserve Bank says the ongoing growth deceleration is a \"soft patch mutating into a cyclical downswing\", and has underlined reviving consumption and private investment should be the highest priority for policymakers and government.

The Reserve Bank's contingency fund, useful in fighting any exigency, has plunged to Rs 1.96 lakh crore as of June 30, after the Rs 52,000 crore excess payout to the government, says the central bank's annual report for FY19.

Based on the recommendation of Bimal Jalan-led committee, the central board of the RBI decided to transfer a sum of Rs 1,76,051 crore to the Government of India comprising of Rs 1,23,414 crore of surplus for the year 2018-19 and Rs 52,637 crore of excess provisions.

Indian Oil Corp, the country's top refiner, plans to invest 2 trillion rupees ($27.98 billion) in five-seven years to meet energy needs of diverse user groups, Chairman Sanjiv Singh told a shareholders meeting on Wednesday.

India's liquidity-starved economy will restrain housing market activity and price rises in coming months and into 2020, according to a Reuters poll of property market experts who were skeptical aggressive interest rate cuts will revive it.

RBI reserves: The Jalan panel report also said that the RBI's balance sheet should be pretty solid to aid banks if they need recapitalisation during a financial turmoil.

The extra revenue this government is getting should be used in infrastructure so that we are investing in the growth and future and making the economy more efficient.

Dumping money in sick state-run enterprises, recapitalising public-sector banks, incentivising exports would not be prudent use of what used to be RBI's rainy day reserves. Instead, these funds can be better used to drive the sole growth engine of Indian economy that is still firing