Page-5 of Ministry of Finance

What are Off-Budget Borrowings?

January 28, 2021

The Government of India is all set to present the Union Budget 2021 on February 1, 2021. This year, the focus of the budget will be on off-budget borrowings so as to reduce the Fiscal Deficit. What are off-budget borrowings? ..

Month: 

What is Economic Survey?

January 27, 2021

The economic survey for 2020-2021 will be tabled in the parliament on January 29, 2021 days before the presentation of Union Budget on February 1, 2021. Key Facts The Economic survey will be released with the focus on the impact ..

Month: 

Businesses, with an annual turnover of up to Rs 40 lakh are exempted from GST

August 25, 2020

The Finance Ministry of the Government of India has declared in a series of statements that Businesses with an annual turnover of up to Rs 40 lakh will enjoy GST exemption. Previously the threshold limit was Rs 20 lakh. Key ..

Month: 

Banks sanction loans worth over Rs 1.5 lakh crore under ECLGS for MSME

August 20, 2020

The finance ministry declared, Public and Private Sector Banks have disbursed loans over Rs 1.5 lakh crore under the Emergency Credit Line Guarantee Scheme (ECLGS) for the MSME sector. The top three lenders under the scheme are the State Bank ..

Month: 

GoI: No New Schemes for a year

June 6, 2020

On June 5, 2020, the Government of India announced that no new schemes will be approved till March 31, 2021. Till then, the schemes under Pradhan Mantri Garib Kalyan Yojana and Atma Nirbhar Bharat Abhiyan are to be implemented. Highlights ..

Month: 

Status Paper on Government Debt released

May 23, 2020

On May 22, 2020, the Ministry of Finance released Status Paper on Government Debt 2018-19. According to the report, the overall debt of centres and states declined by 68.7% in March 2018 to 68.6% in 2019. Highlights The Status Paper ..

Month: