The Latest Breaking News from Finance

KSRTC sets new record in daily collection with ₹8.79 crore

KSRTC sets new record in daily collection with ₹8.79 crore

The Hindu · Sep 5, 2023

State government likely to borrow from welfare boards

Govt to borrow from welfare boards to address liquidity crunch. Sources say decision to be taken post-Onam after assessing cash position. Previous govts have resorted to this option, rarely in recent times. FM Balagopal pegged Onam expenses at ₹18,000 crore.

The Hindu · Sep 4, 2023

Madras High Court takes up suo motu revision against withdrawal of disproportionate assets case against O. Panneerselvam in 2012

Madras HC takes up suo motu revision of order allowing DVAC to withdraw case against former AIADMK coordinator O Panneerselvam & family. Justice N. Anand Venkatesh to hear petition on Wed. DVAC had registered FIR against Panneerselvam in 2006. NGO Arappor Iyakkam seeks court-monitored probe into allegations of disproportionate assets.…

The Hindu · Aug 30, 2023

Treasury regulations tightened further

The Finance department has further tightened the treasury regulations in view of the financial crunch and the fund requirements during the Onam month. The department has issued orders placing restrictions on the treasury from clearing bills over ₹5 lakh.

The Hindu · Aug 19, 2023

Telangana CM announces loan waiver up to ₹99,999 as I-Day gift to farmers

The Chief Minister made the announcement on the eve of the Independence Day on Tuesday, fulfilling the promise made by the Telangana Rashtra Samithi (now Bharat Rashtra Samithi) in the manifesto of the previous elections.

The Hindu · Aug 14, 2023

Parliament paves way for 28% GST on online gaming

Finance Min. Sitharaman introduces bills to amend CGST & IGST laws, allowing 28% tax on full face value of bets in online gaming, casinos & horse race clubs. Amendments provide clarity on taxation of supplies & impose GST liability on offshore entities. GST Council approved levy last week.

The Hindu · Aug 11, 2023

Opposition walks out of Kerala Assembly, accusing the government of failing to control price rise

UDF Opposition walk out of Assembly, accusing LDF Govt of failing to control food inflation.

The Hindu · Aug 8, 2023

Minimum Time Scale staff urge govt. to regularise their services immediately

Min. Time Scale Employees' Assoc. president urges State govt. to regularise services of staff who have served >30 yrs. Successive govts. have ignored plea. Urge govt. to fix gratuity & jobs for family members of deceased staff. Govt. more sympathetic towards contract system employees. Hoping Finance Minister Buggana Rajendranath Reddy…

The Hindu · Aug 7, 2023

Keep austerity in mind when preparing 2024-25 Budget proposals, says Finance department

Finance Dept. urges govt. depts. to prepare 2024-25 Budget with extreme austerity. Estimates must be realistic & accurate, revenue & dues to be accelerated. Economy measures may require dropping uneconomical schemes & putting off activities. Deadline for non-plan expenditure is Sept. 5, plan expenditure Sept. 10 & revenue estimates &…

The Hindu · Aug 5, 2023

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 · Aug 3, 2023