Moratorium: Centre issues norms for interest-on-interest waiver

The Union Finance Ministry today gave approval to guidelines for a scheme for grant of ex-gratia payment of the difference between compound interest and simple interest for six months of loans up to Rs 2 crore. Continue Reading

Finance Ministry starts Budget making process amid contraction pressure

The Union Finance Ministry has kick-started the process to prepare the annual Budget for 2021-22. This will be the third Budget of Finance Minister Nirmala Sitharaman and eighth of the Narendra Modi government. Continue Reading

Centre allows TN to borrow additional Rs 9,627 crore

Union Finance Ministry has given consent for Tamilnadu government to borrow additional 0.5% of gross state domestic product (GSDP) amounting to Rs 9627 crore for financial year 2020-21. Continue Reading