FM Smt. Nirmala Sitharaman participated virtually in the Second G20 FMCBG meeting under the Italian Presidency here today to discuss policy responses to global challenges to restore strong, sustainable, balanced and inclusive growth.
4.20 crore PMMY loans sanctioned in 2020-21 and Rs. 2.66 lakh Crore sanctioned in FY 2020-21 (As on 19.03.2021). The average ticket size of the loans is about Rs 52,000/-
RBI has specified Category I AIFs set up as trust and registered with SEBI under Securities and Exchange Board of India (Alternative Investment Fund) Regulations, 2012, as ‘qualified buyers’ subject to certain conditions.
FM talked about thematic priorities for New Development Bank for discussion during 2021 and the issues of membership expansion. She also called for greater coordination among BRICS member countries on the issues of 16th general review of Quotas of IMF.
The growth forecast for India in FY 2021-22 have been pegged above 10% by the World Bank, IMF and several global research organisations underscoring that India will continue to remain an attractive investment destination in the near future.
The Finance Act, 2021 hasn't brought in any additional or new tax on hardworking Indian workers in Saudi/UAE/Oman/Qatar. It has merely incorporated general definition of the term "liable to tax" in the Income Tax Act to provide clarity.
India Attracts a total FDI inflow of US$ 72.12 billion from April 2020 to January 2021. Computer Software & Hardware emerged as the top sector with 45.81% of total FDI Equity inflow.
The objective of Stand-Up India is to promote entrepreneurship amongst women, SC, & ST categories, to help them in starting a greenfield enterprise in the trading, manufacturing and services sector, by both ready and trainee borrowers.
The grants are both for the Rural Local Bodies and Urban Local Bodies. Out of this, RLBs will get Rs. 2,660 crore and ULBs will get Rs. 1,948 crore. The grants have been released as per the recommendations of the 15th Finance Commission.
The Ministry of Finance, Government of India, released ₹45,000 crore as additional devolution to States in FY 2020-21. This is an increase of 8.2% over RE 2020-21.
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