Tag: Ministry of Finance

Total grant of Rs. 60,750 crore for rural and Rs. 26,710 crore for urban local bodies released in 2020-21

NEW DELHI: The Department of Expenditure, Ministry of Finance on Wednesday released an amount of Rs. 4,608 crore to States for providing grant-in-aid to the local bodies.  The grants are both for the Rural Local Bodies (RLBs) and Urban Local Bodies (ULBs). Out of this, RLBs will get Rs. 2,660 crore and ULBs will get […]

Former Economic Affairs Secretary says Nirmala Sitharaman insisted on my transfer from Ministry of Finance

NEW DELHI:Former Economic Affairs Secretary Subhash Chandra Garg has claimed that Nirmala Sitharaman asked for and insisted on his transfer from the Ministry of Finance in June 2019 itself, within a month of taking over as the Union Finance Minister. Giving reasons for taking voluntary retirement from government service last year, Garg wrote in a […]

Brokers body seeks Sebi,Finance Ministry of intervention as Franklin closes 6 Mutual Fund schemes

NEW DELHI:Terming the shut down of six debt schemes by Franklin Templeton Mutual Fund (FTMF) as an extreme step that has created panic, an umbrella body of brokers on Friday sought markets regulator Sebi and the Ministry of Finance’s intervention to protect investor interest. FTMF stunned all by deciding to shutter operations of six schemes […]

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