The Tamil Nadu government has reduced the annual revenue deficit by about Rs 30,000 crore in the revised estimates of the current year, from about Rs 62,000 crore inherited when the DMK assumed office nearly two years ago, Finance Minister Palanivel Thiaga Rajan said on Monday. Presenting a tax-free budget for 2023-24 in the Assembly, … Read more
The income tax department raised tax demands amounting to Rs 13,566 crore during the last four financial years under the black money law to deal with undisclosed foreign income and assets, the government told Parliament on Monday. In a written reply to a question in the Lok Sabha, Minister of State for Finance Pankaj Chaudhary … Read more
Private equity company Warburg Pincus on Monday divested a 2.49 per cent stake in multiplex-chain company PVR for Rs 380 crore through the open market transactions. Warburg Pincus, through its affiliate Berry Creek Investment Ltd, sold the shares in PVR. According to the block deal data available with the BSE, Berry Creek Investment sold a … Read more
The government has monetised assets worth ₹26,000 crore during FY23 against the target of ₹1.6 lakh crore for the current fiscal while proposal pipeline aggregating to ₹1.23 lakh crore is currently at various stages of processing, the NITI Aayog said. This takes the total monetisation value realized in FY22 and FY23 to ₹1.14 lakh crore … Read more
The currency in circulation has gone up to Rs 31.33 lakh crore in March 2022, from Rs 13 lakh crore in 2014, finance minister Nirmala Sitharaman said in the Lok Sabha on Monday. The currency in circulation, which includes bank notes and coins, to GDP ratio stood at 13.7 per cent as on March 25, … Read more
LIC’s debt exposure in Adani group companies fell marginally to Rs 6,183 crore as of March 5 from Rs 6,347 crore as of December 31, 2022, Parliament was informed on Monday. In a written reply to the Lok Sabha, Finance Minister Nirmala Sitharaman said, “The Life Insurance Corporation of India (LIC) has informed that its … Read more
A High Level Committee, headed by Home Minister Amit Shah, has approved the release of an additional Rs 1,816 crore to five states, including Karnataka, as central assistance for the natural disasters faced by them. According to an official statement, the assistance will be provided to Assam, Himachal Pradesh, Karnataka, Meghalaya and Nagaland for floods, … Read more