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The Latest Breaking News from Finance

Telangana govt. exploring options for extension of stay related to power dues to Andhra Pradesh

Govt exploring options to extend stay on AP's power dues recovery from Telangana. Union Minister for Power R.K. Singh said Centre directed Telangana to pay dues. Telangana went to court & got stay. Stay expired. Centre consulting Law & Finance Ministries to resolve issue. Amount due adjudicated to be ₹6,000-odd…

The Hindu

Finance department hires consultant to advise on hiring consultants in move compared to ABC’s Utopia

Exclusive: Department’s $32,000 contract, which comes after PwC tax leak scandal, slammed as ‘laughable scenario’

The Guardian - AU

GST Council sticks to its guns, imposes 28% tax on online gaming

Finance Minister Nirmala Sitharaman said that the October 1 date of implementation will be followed despite different State Ministers expressing concerns, and requesting reviews

The Hindu

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Cabinet decides to merge TSRTC with government

The move is expected to strengthen the Corporation and also the public transport system in the State, says Minister for Municipal Administration briefing the media about the decisions of the Cabinet meeting

The Hindu

Parliament proceedings | Finance Minister terms Opposition’s refusal to discuss Manipur under Rule 176 in Rajya Sabha as ‘running away’

Finance Minister Nirmala Sitharaman criticised the Opposition’s refusal to discuss Manipur in Parliament, despite a discussion being listed in the Rajya Sabha

The Hindu

Telangana Govt. planning to introduce Labour Bima: Harish Rao

Finance and Health Minister T. Harish Rao said that the government has been contemplating on introducing “Labour Bima” for workers on lines of Rythu Bima.

The Hindu

Finance dept. sanctions ₹250 crore for paddy procurement

The Hindu

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Focus on infrastructure, investment, innovation, inclusiveness to make India developed nation by 2047: Finance Minister

Finance Minister Nirmala Sitharaman government is focusing on nfrastructure, investment, innovation and inclusiveness to make India a developed nation by 2047

The Hindu

Purandeswari takes YSRCP govt.’s ‘financial irregularities’ to Union Finance Minister Nirmala Sitharaman’s notice

BJP State Pres. Purandeswari submitted rep. to Fin. Min. Sitharaman on AP govt's financial irregularities. Muraleedharan present. AP debt burden rose from ₹97,000 cr. in 2014 to ₹10.77 lakh cr. due to YSRCP govt's mismanagement. Loans raised through corp. w/o income, mortgaging assets, diverting funds. Requested Sitharaman to take action.

The Hindu

Senators look to undo jurisdictional snag on Taiwan tax bill - Roll Call

Lawmakers want to strengthen the economic partnership with Taiwan and bolster the U.S. microchip industry.

Roll Call

Capex outlet inaugurated at NS Co-operative Hospital

Cashew industry should give more attention to marketing to increase the sales of the product, Finance Minister K.N .Balagopal has said while inaugurating a Capex sales outlet at NS Co-operative Hospital.

The Hindu

Finance dept. facing tough time in meeting commitments in election year

The announcement made by Chief Minister K.Chandrasekhar Rao comes at a time when the department is scrambling for funds to meet the commitments in the form of welfare schemes, especially during the election year.

The Hindu

Beneficiaries of pension schemes to get ₹1,200, announces Finance Minister Thangam Thennarasu

Beneficiaries of social security pension schemes implemented by various departments of the Tamil Nadu government will get ₹1,200 instead of ₹1,000 per month, said Finance Minister Thangam Thennarasu.

The Hindu

Budget docs reveal pressing need for transport funding overhaul

Officials warned the finance minister that transport funding should not be coming from supplementary Budget bids, reports Emma Hatton

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The Hindu

Political, financial reasons behind KSRTC CMD’s decision to step down

KSRTC CMD Biju Prabhakar's decision to step down may be due to various reasons, incl. Finance dept's reluctance to provide timely assistance. A reshuffle in Cabinet portfolios, hostile attitude of Finance dept. & deepening crisis in corp. forced CMD to inform govt. of his decision. If Finance dept. delays monthly…

The Hindu

Eknath Shinde says he has support of 220 MLAs, says Ajit Pawar-led NCP faction’s inclusion necessary for ‘certain political equations’

Remarking that all speculation about the ruling Shiv Sena-BJP government collapsing had proved false, Maharashtra Chief Minister Eknath Shinde on Friday claimed his government had the support of 220 of the 288 legislators in the Maharashtra Assembly.

The Hindu

Balagopal flays banks for delay in payment for paddy procurement

Finance Min. Balagopal blames banks for delay in payments to farmers. Unveiled mascot, logo & TV ads of Kerala Lotteries. E. Sreedharan's report vindicates govt's stand on fast mode of transport. Mascot is green grasshopper, believed to bring luck. Logo carries tagline 'Reliable, Transparent, Popular'. Govt to examine & hold…

The Hindu

Kerala seeks nod for 1% ‘ad hoc borrowing’ in 2023-24

Kerala seeks 1% GSDP borrowing increase from Centre to offset resource loss. FM Balagopal asked for release of grants, arrears due to State. Loss of ₹8,400 cr Revenue Deficit Grant & ₹10-12K cr GST comp. FM seeks ₹265 cr Million-Plus Cities, ₹371 cr Health Grant, ₹521 cr IGNDPS, ₹750 cr…

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The Hindu

Stress on continuing education and technology inputs in diabetes treatment to achieve successful outcomes

Finance Minister K.N. Balagopal has stressed the need for prioritising diabetes research in view of the significant burden of diabetes on society, both in terms of health-care costs and the well-being of individuals

The Hindu

Kollam addresses 99% of complaints received during Karuthalum Kaithangum

The district has addressed 99% of the complaints received during the Karuthalum Kaithangum adalats, Finance Minister K.N. Balagopal has said

Dynamite News

Modi Cabinet Reshuffle: Amid renewed speculation of Cabinet reshuffle, Finance Minister Sitharaman calls on President Murmu

This move has been anticipated for months but upcoming important state polls and the 2024 national election have intensified the speculation. Read further on Dynamite News:

The Hindu

Federal structure of the country under threat: Chief Minister Pinarayi Vijayan

Chief Minister Pinarayi Vijayan accused the Centre of trespassing into the rightful domains of the States and attempting to prevent them from carrying out their responsibilities.

The Hindu

Finance Minister Nirmala Sitharaman reviews progress of implementation of Budget schemes

New Delhi Finance Minister Nirmala Sitharaman on 4 July reviewed progress of implementation of Budget schemes with secretaries of Finance Ministry and Corporate Affairs Secretary.

The Hindu

Explained | The changes to the Liberalised Remittance Scheme

The finance ministry deferred the imposition of an increased 20% rate for Tax Collected at Source to October 1, and said transactions with international credit cards overseas will not be subject to the Liberalised Remittance Scheme.

The Hindu

Row over borrowing limit: K. N. Balagopal says Kerala will approach SC

Kerala will approach the Supreme Court against the Central government’s decision to slash the State’s borrowing limit, Finance Minister K.N. Balagopal said here on Monday.

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