The Centre’s fiscal deficit for April to September stood at ₹9.14 trillion, or around 114.8% of the deficit budgeted for the whole year. Fiscal deficit is the difference between government’s revenue and expense. This increase is due to a decline in tax collections. Mint explains. What’s been the tax revenue … Read more
Category: India This Week
International flights to remain suspended till November 30
International passenger flights have been suspended in India again till November 30 in the wake of COVID-19 pandemic. The Directorate General of Civil Aviation announced this and issued a circular, stating that international scheduled flights may be allowed on selected routes by the competent authority on a case-to-case basis. The … Read more
The poor now linked to banking system, have access to loans: PM Modi
Lucknow: Prime Minister Narendra Modi on Tuesday said his government has acknowledged the honesty and hard work of street vendors by offering them loans that were inaccessible to the poor in the past. “Those doing politics in the name of the poor had created an atmosphere that if a loan … Read more
Indians to Get Free COVID-19 Vaccine.
Days after the BJP stoked a controversy with the announcement of free COVID vaccine for poll-bound Bihar, Union Minister Pratap Sarangi said that that all people of the country will be given free coronavirus vaccine. Notably, the BJP has included the promise of providing the COVID vaccine free of cost … Read more
Govt extends due date for FY20 ITR filing by individuals till Dec 31
New Delhi, (PTI) In a relief to taxpayers, the government on Saturday further extended the deadline for filing returns by individual taxpayers for FY 2019-20 by a month till December 31. Also, the due date of furnishing Income Tax Returns (ITRs) for taxpayers whose accounts require to be audited has … Read more
Central govt approves Rs 3,737 cr bonus for 30.67 lakh employees.
The central government decided to give Rs 3,737 crore bonus to 30.67 lakh central government employees to encourage spending during the festival season and add to demand in the economy. The decision to give a productivity-linked bonus and non-productivity-linked bonus for 2019-2020 was taken at the Union Cabinet meeting, Minister … Read more
Delhi’s pollution levels worsen, air quality still in ‘poor’ category
New Delhi, Delhi’s pollution levels worsened on Wednesday even as the air quality index remained in the ‘poor’ category, with a government agency forecasting improvement in the situation on Thursday with cleaner easterly wind coming in. According to the Central Pollution Control Board (CPCB), Delhi’s air quality index (AQI) was … Read more