Search For "borrowing"
RBI extends enhanced borrowing limit for banks under MSF till March 31
Updated : 5 years, 7 months ago IST
Mumbai (Maharashtra) [India], September 29 (ANI): The Reserve Bank of India (RBI) has extended the enhanced borrowing facility provided to banks by six months to meet liquidity shortage till March 31, 2021.
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Finance Ministry allows five states to raise Rs 9,913 crore as additional
Updated : 5 years, 7 months ago IST
New Delhi [India], September 24 (ANI): The Union Finance Ministry has granted permission to raise additional financial resources of Rs 9,913 crore to Andhra Pradesh, Telangana, Goa, Karnataka and Tripura through Open Market Borrowings.
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GST compensation: 21 states prefer borrowing option 1, no takers yet for o
Updated : 5 years, 8 months ago IST
New Delhi [India], September 20 (ANI): On the issue of Goods and Services Tax compensation, at least 21 States/Union Territories till date have preferred to opt for borrowing option 1 proposed by the GST Council to meet their compensation shortfall, said the Finance Ministry sources on Sunda
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13 States opt for Centre's borrow plan to fund GST shortfall
Updated : 5 years, 8 months ago IST
New Delhi [India], September 13 (ANI): At least 13 states have given their borrowing options proposed by Goods and Services Tax (GST) Council to meet their compensation shortfall so far.
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Centre's promise of letter of comfort to borrow money for GST compensation
Updated : 5 years, 8 months ago IST
New Delhi [India], September 10 (ANI): The Centre's promise of a letter of comfort to the State governments to borrow money for bridging the GST compensation gap have no value, said senior Congress leader P Chidambaram on Thursday.
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Struggling to get a business loan? Now borrow money instantly with Razorpa
Updated : 5 years, 8 months ago IST
Bengaluru (Karnataka) [India], September 8 (ANI/NewsVoir): The pandemic has not only knocked off revenues of MSMEs' but also disturbed their hopes of survival.
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KCR urges PM Modi to reverse decision on GST shortfall borrowings
Updated : 5 years, 8 months ago IST
Hyderabad (Telangana) [India], September 1 (ANI): Telangana Chief Minister K Chandrasekhar Rao (KCR) on Tuesday wrote a letter to Prime Minister Narendra Modi, stating that the decision of asking states to meet the shortfall in GST compensation through borrowings can be reversed.
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Housing finance lender Aviom secures funding from Mauritius-based Aviator
Updated : 5 years, 8 months ago IST
New Delhi [India] Sept 1 (ANI/Digpu): Between microlending, which involves people borrowing for small-size items, and traditional home loans (for regular homes), there exists a gap in lending. AVIOM India Housing Finance Pvt Ltd is one such company providing lending services in the middle ar
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Details of borrowing options to meet GST compensation requirement for 2020
Updated : 5 years, 8 months ago IST
New Delhi [India], Aug 29 (ANI): The two borrowing options to meet the Goods and Services Tax (GST) compensation requirement for 2020-21 consequent to the discussions in the 41st meeting of the GST Council held on August 27 has been communicated to states which could, in turn, communicate th
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Centre gives two options to states for borrowing to meet revenue shortfall
Updated : 5 years, 8 months ago IST
New Delhi [India], Aug 27 (ANI): The Centre on Thursday presented two options to states regarding GST compensation during the GST Council meeting including a special window in consultation with RBI to provide Rs 97,000 crores at a reasonable interest rate and that the entire GST compensat
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States face uncovered losses of Rs 3.1 lakh crore in FY21: SBI report
Updated : 5 years, 9 months ago IST
Mumbai (Maharashtra) [India], August 24 (ANI): States are likely to face uncovered losses of up to Rs 3.1 lakh crore in the current financial year due to massive disruption caused by COVID-19 pandemic, according to a report by State Bank of India (SBI) released on Monday.
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Blue Star reports net loss of Rs 19.6 crore in Q1 due to COVID-19
Updated : 5 years, 9 months ago IST
Mumbai (Maharashtra) [India], Aug 6 (ANI): Air conditioning and commercial refrigeration major Blue Star on Thursday reported a net loss Rs 19.6 crore in the first quarter of the current financial year as compared to a net profit of Rs 76.8 crore in Q1 FY20.
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