Finance Ministry to hold meeting of heads of banks on Wednesday
The Finance Ministry is set to review the development of variousfinancial inclusion schemes as it has called a meeting of heads of Public Sector Banks (PSBs) on Wednesday.
The Finance Ministry is set to review the development of variousfinancial inclusion schemes as it has called a meeting of heads of Public Sector Banks (PSBs) on Wednesday.
The Confederation of Indian Industry (CII) has suggested a seven-point agenda to the Finance Ministry for the Union Budget-2025.
The Finance Ministry said that the government will continue its focus on improving quality spending, strengthening the social security net and bringing down the fiscal deficit to 4.5 per cent of the GDP in FY26.
Sufficient food grain buffer stock and optimism for a healthy kharif harvest are likely to alleviate price pressures, a recent report by finance ministry said.
Furthermore, during the past 5 months (April-August) of the current financial year 2024-25, the transaction volume has reached to 8,659 crore, it added.
The central government on Tuesday released Rs 7,183.42 crore as a revenue deficit grant to 14 states including Andhra Pradesh, Kerala, Assam, Rajasthan and West Bengal.
The gross GST revenue collections in August witnessed a 28 per cent jump year-on-year, as they stood at Rs 1,43,612 crore during the month.
However, Export duty on ATF and diesel has been hiked Rs 2 on each. Earlier there was no export duty on ATF. Now it will be charged Rs 2 per litre according to new directions.
Sharma said that Parikh has been taken in police custody and further investigation to trace remaining accused persons is in progress.
The bond is issued by the Reserve Bank on behalf of the government.
