During COVID, the GoI had collected a forfeited amount. Forfeited means the loss of something. When someone fails to pay the money he owes, forfeiture occurs. GoI collected...
On the basis of several efforts taken by the government in Budget 2022-23, the Indian economy is expected to grow at the fastest rate among the large nations,...
The Ministry of Finance recently released its “Monthly Economic Review for September 2021”. According to the report, Indian economy is on path of swift recovery from the impact...
Finance Ministry released the sixth monthly instalment of revenue deficit grant of Rs 9871 crores to 17 states, on September 9, 2021. Highlights Grants were released on the...
On 20th July, Nirmala Sitharaman, Finance Minister of India, sought the nod of the Indian Parliament so as to spend an additional Rs 23,675 crore in the current...
Central government has decided to bring Department of Public Enterprises (DPE) under finance ministry. Key Points DPE was earlier under Ministry of Heavy Industries and Public Enterprises. It...
The Expenditure Secretary T V Somanathan was recently designated as the Finance Secretary by the Appointments Committee of the Cabinet. About T V Somanathan Currently he is the...
The Department of Expenditure of Ministry of Finance has recently released Rs 12,351 crore to 18 States in order to provide grants to the Rural Local Bodies. Highlights...
The Finance Ministry has declared that the government has sanctioned 15 proposals worth Rs 6400 crores as part of the Special Liquidity Package, a part of the Rs...
