MSME secy Arvind Sharma takes VRS amid buzz about his next assignment | India News – Times of India

NEW DELHI: MSME secretary Arvind Kumar Sharma, an officer who has worked closely with Prime Minister Narendra Modi since the leader was Gujarat CM, has taken voluntary retirement amid a buzz that the IAS officer is set to bag a prized assignment. Sharma, who was until last year additional secretary in the PMO, was scheduled … Read more

Interest rates on PPF, NSC, other small savings schemes unchanged for Q4 – Times of India

NEW DELHI: The government on Thursday kept the interest rates on small savings schemes, including public provident fund (PPF) and national savings certificate (NSC), unchanged for the January-March quarter amid moderating bank deposit rates. PPF and NSC will continue to carry an annual interest rate of 7.1 per cent and 6.8 per cent, respectively. Interest … Read more

Rescue acts, growth measures dominate RBI’s platter in 2020; new inflation target awaited in new year – Times of India

MUMBAI: Delivering a public speech hours after the Reserve Bank of India (RBI) launched a rescue act for Yes Bank on March 6, governor Shaktikanta Das reiterated the RBI’s affirmation to do whatever was needed to combat the coronavirus impact. On that day, India had only one confirmed Covid-19 infection, the World Health Organisation (WHO) … Read more

Finance ministry releases weekly instalment of Rs 6,000 crore to meet GST shortfall – Times of India

NEW DELHI: The finance ministry on Monday released the ninth instalment of Rs 6,000 crore to the states to meet GST compensation shortfall, taking the total amount of fund released to Rs 54,000 crore. The Centre had set up a special borrowing window in October 2020 to meet the estimated shortfall of Rs 1.10 lakh … Read more

Finance ministry allows Rajasthan to borrow Rs 2,731 crore more post ease of doing business reform – Times of India

NEW DELHI: The finance ministry on Saturday said it has permitted Rajasthan to borrow an additional Rs 2,731 crore after the state successfully undertook ease of doing business reforms. Rajasthan has now joined the five other states namely, Andhra Pradesh, Karnataka, Madhya Pradesh, Tamil Nadu and Telangana, which have completed the reform facilitating ease of … Read more

Finance Ministry to take call on Rs 14,500 cr capital infusion into banks in Q4 – Times of India

NEW DELHI: The Finance Ministry will take a call on residual Rs 14,500 crore capital infusion in the public sector banks (PSBs) in the fourth quarter of this fiscal, sources said. Following the financial performance review after the first half, sources said, it was found that Punjab & Sind Bank, out of the 12 PSBs, … Read more