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15th Finance Commission forms panel on defence, internal security funding

February 13, 2020 8:59 PM

15th Finance Commission forms panel on defence, internal security funding

The Fifteenth Finance Commission has constituted a five member group on Defence and Internal Security. The chairman of the commission N.K. Singh will head the group. Home Secretary and  Defence Secretary will be the members of the group among others.   The panel will examine whether a separate mecha...

Lending from CRR buffer to get 5-year exemption: RBI

February 11, 2020 7:46 AM

Lending from CRR buffer to get 5-year exemption: RBI

The Reserve Bank of India has said that the special lending window with Cash Reserve Ratio exemption will be open from 14th of February and incremental loans disbursed under this facility will have CRR exemption for the next five years. The central bank circular issued in Mumbai yesterday said that ...

China's CPI rose at their highest rate in more than 8 years

February 10, 2020 2:31 PM

China's CPI rose at their highest rate in more than 8 years

China's consumer price index(CPI) rose at their highest rate in more than eight years with inflation more than expected on the back of Lunar New Year demand and a deadly virus outbreak. Official data shows the consumer price index, a key gauge of retail inflation, came in at 5.4 per cent la...

GST collection for last 3-months amounted to over Rs 1 lakh cr each month

February 8, 2020 6:13 PM

GST collection for last 3-months amounted to over Rs 1 lakh cr each month

Union Finance Minister Nirmala Sitharaman has said that GST collection all through the country for the last three months amounted to more than a lakh crore rupees each month.   Speaking to reporters in Chennai today, she told that no state was sidelined when it came to sharing of revenue from the ta...

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