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24Jun

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FinMin Calls Meeting With PSB Heads On Tuesday To Review Financial Inclusion Schemes’ Progress

The Finance Ministry called for a meeting with the heads of the Public Sector Banks (PSBs) on Tuesday to evaluate the progress of several financial inclusion initiatives, such as Mudra Yojana, Jan Suraksha, and PM Vishwakarma. The meeting, scheduled for Tuesday, is set to be chaired by Vivek Joshi, Secretary, Financial Services. The meeting would undertake a review of the progress in various schemes such as StandUp India, PM SVANidhi, etc, reported PTI citing sources in the know. Further, the meeting would also hold discussions on other issues related to financial inclusion, the report stated. Earlier last year in September, Prime Minister Narendra Modi launched the PM Vishwakarma scheme wherein traditional craftsmen and artisans would be given loan assi...

Uttarakhand CM Dhami thanks PM Modi, FM Sitharaman for releasing tax devolution fund to State | India News – Times of India

DEHRADUN: Uttarakhand chief minister Pushkar Singh Dhami has expressed his gratitude to Prime Minister Narendra Modi and finance minister Nirmala Sitharaman for releasing an amount of Rs. 1562.44 crore to Uttarakhand in the tax-transfer process.Furthermore, the chief minister also conveyed the usage of the fund and stated that the State government will successfully implement developmental schemes and operate new schemes with the help of these funds, provided by the ministry of finance.Taking to social media platform the Uttarakhand chief minister wrote in Hindi, "Heartfelt thanks to the successful Prime Minister Mr. @narendramodi and Finance Minister Mrs. @nsitharaman ji for releasing the amount of Rs. 1562.44 crore to Uttarakhand in the tax-transfer process. Through this amount, along ...

Centre to transfer extra instalment of taxes to states in June | India News – Times of India

NEW DELHI: Buoyed by healthy cash flows due to good revenue receipts so far this year, the centre on Monday decided to release an extra instalment of taxes that are transferred to the states. “This is a goodwill gesture as the tax collections have been good,” said an official, explaining the rationale while ruling out any cash crunch for some of the states.“It was decided that apart from the regular release of the devolution amount for the month of June 2024, one additional instalment will be released. This cumulatively amounts to Rs 1,39,750 crore in the current month. This will enable state governments to accelerate development and capital spending,” the finance ministry said in a statement.With this release, so far in the current financial year, the total amount devolved to states wa...