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Govt unlikely to tweak GST rates on non-essential items
Retaining the GST rate assumes importance since states are under pressure to increase their revenues, hit hard by lockdown. Also, the Centre has not fully compensated states for their revenue......
Budget 2020: Centre, Sebi spar over transfer of surplus funds to exchequer
In 2009, FinMin proposed to move regulators’ reserves into public account. These accounts were finally opened in 2013-14. However, no funds have been deposited in it so far. Illustration:......
Despite high NPAs, Indian banks have become more resilient: RBI
Thanks to the recapitalisation by the government and measures taken by the central bank, collapse of any large housing finance company won’t pose as big a risk as it had six months ago.......
Sitharaman reviews state of economy with regulators
Finance Minister Nirmala Sitharaman on Thursday reviewed the state of the economy, including stress in the financial sector, at the meeting of the Financial Stability and Development Council......
FM to meet sectoral regulators to take stock of the economy
The meeting will review the current global and domestic economic situation and financial stability issues, including those concerning banking and NBFCs. Finance Minister Nirmala Sitharaman will......
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