Jharkhand will get Rs 1,689 crore under special borrowing window to meet GST revenue target in wake of coronavirus crisis. With this, all 28 States and 3 UTs with legislature have decided to go for Option-1 to meet GST revenue shortfall

The finance minister announced tax relief on select home sale deals, enhanced credit guarantee programme for small businesses and provided incentives for new job creation as the government widened stimulus measures to boost the economy

BSNL will provide both wireless and fixed lines in Mumbai and Delhi on behalf of MTNL on a pilot basis for five to six months, starting from January 1, 2021

The highest amount was released to Kerala at Rs 1,277 crore, followed by Rs 952 crore to Himachal Pradesh and Rs 638 crore to Punjab

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Of the additional expenditure of Rs 2.36 lakh crore, the most notable expenditures include Rs 44,340 crore to provide additional allocation under Post Devolution Revenue Deficit Grant to states

The government has sought Parliament's approval to infuse Rs 20,000 crore in public sector banks through issue of government securities

The government has also sought Rs 46,602.43 crore towards providing additional allocation under Post Devolution Revenue Deficit Grant to the states as per recommendations for Fifteenth Finance Commission

Despite an ambitious target, public expenditure on infrastructure - the only functional engine of the economy - is dwindling. That spells bad news for economic recovery

This is fourth equated-monthly instalment of post-devolution revenue deficit grant; funds will help states in taking preventive steps towards spread of COVID-19

India likely to witness second wave of coronavirus; in high-risk group: NomuraIndia's decision to unlock the world's longest coronavirus-induced lockdown in a phased-manner might turn detrimental in the upcoming days. According to Japanese financial research firm, Nomura, India has been listed among 15 countries where relaxing the lockdown could result in an increase in the cases of coronavirus infection more rapidly. And, in extreme cases, it could lead to the situation of re-loc...

This was the third equated-monthly installment of the post devolution revenue deficit grant as recommended by the 15th Finance Commission

PM Modi asks CMs to share ways to lift coronavirus lockdown; key highlights from video conferencePrime Minister Narendra Modi interacted with all state Chief Ministers on Monday to discuss the road ahead in India's fight against coronavirus. This was PM Modi's fifth video conference with CMs. In the virtual meet, he asked CMs to share a broad strategy by May 15 on how they want to deal with lockdown regime in their states.Allow economic activities outside hotspots in Delhi, urges Ar...

Stocks to watch today on May 12: Godrej Agrovet, Piramal Enterprises, Motilal Oswal, Nestle, Bandhan Bank, Havells among others are the top stocks to watch out for in Tuesday's trading session

The government released Rs 6,195.08 crore to 14 states as the second equated monthly installment of the post devolution revenue deficit grant as recommended by the 15th Finance Commission

Of this amount, Rs 11,092 crore is towards State Disaster Response Mitigation Fund (SDRMF) to all states

Coronaviris News Updates: Director of Bhopal Health Department, J Vijay Kumar, tests positive for coronavirus; his second test sample also found positive

Leadership at companies in India would need to guide their businesses to streamline their practices in the wake of COVID-19 and factor the directives issued by the government for essential goods and services

States are facing a funds crunch. As GST revenues moderate and fiscal deficits balloon, they must look for new sources of revenue to fund welfare schemes and infrastructure needs

A dozen experts interpret Budget 2020 and its impact