Tamil Nadu revenue deficit down by Rs 30,000 crore, says FM Palanivel Thiaga Rajan

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

black money law: Tax demands of Rs 13,566 crore raised in four fiscals under black money law: MoS Finance

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

Warburg Pincus sells 2.49% stake in PVR for Rs 380 crore

232907 pvr | journalpur

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

Assets worth Rs 26,000 crore monetised in FY23: NITI Aayog

1679130028 photo | journalpur

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

Currency in circulation at Rs 31.22 lakh crore as of March 2022

1679129860 photo | journalpur

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 dips marginally to Rs 6,183 crore as of March 5

1679129841 photo | journalpur

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

Centre approves Rs 1,816 crore to 5 states as disaster relief

1679129539 photo | journalpur

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

error: Content is protected !!