Page 98 - Fiscal News Today

HONOURABLE MR. TOEWS; HONOURABLE MR. DREESHEN 123/2021 FINANCIAL ADMINISTRATION ACT (sections 56, 58 and 81); AGRICULTURE FINANCIAL SERVICES ACT (sections 19 and 20) - Incrementally increases the borrowing limit of Agriculture Financial Services Corporation (AFSC) over the next 3 fiscal years; authorizes the President of Treasury Board and Minister of Finance to raise certain amounts of money, increasing incrementally over the next 3 fiscal years, for the purpose of lending to AFSC. Orders in C...

Even before the COVID-19 pandemic, the European Union's fiscal rules were excessive and increasingly unworkable, reflecting the motives of distrustful member states more than economic common sense. If there is a silver lining to this crisis, it lies in the opportunity to debate and develop a new blueprint.

Provinces to get Rs3,527 bn as NFC share in next fiscal Top Story April 25, 2021 KARACHI: The provinces would get an additional Rs806 billion NFC Award from the federal divisible pool in the coming fiscal, the budget documents suggest. According to the documents, the provinces this year would collectively get an amount of Rs3,527 billion as part of NFC share under the federal divisible pool, against Rs2,721 billion in the current fiscal. According to the budget documents, in 2020-2021 Punjab ...

Taxpayers alliance seeks transparency, fiscal discipline Business April 21, 2021 ISLAMABAD: The government should commit itself to fiscal discipline, minimise wasteful expenditures and maintain complete transparency to demonstrate that public money is used in the most judicious manner, a voluntary network Taxpayers Alliance Pakistan said. Taxpayers Alliance Pakistan released 14 points charter of demands for the upcoming budget of 2021/22. Taxpayers Alliance Pakistan is a voluntary network and...

Photo Credit: IANS IANSLive Chennai, April 21 (IANS) One of Asias life insurance giants, Life Insurance Corporation of India (LIC) closed last fiscal with a new business premium or first year premium of Rs 1.84 trillion, the company said. To get full access of the story, click here to subscribe to IANS News Service © 2021 IANS India Private Limited. All Rights Reserved. The reproduction of the story/photograph in any form will be liable for legal action. For news, views and gossips, follow IA...

Foreign direct investment falls by 35pc in nine months Sun Online Desk   Foreign direct investment (FDI) has kept falling during the current fiscal as it declined by 35 per cent at the end of the third quarter, reflecting no improvement in the situation for investors. According to State Bank of Pakistan (SBP) data issued on Monday, the FDI fell by 35.1pc to $1.395 billion during July-March FY21 compared to $2.15bn in the same period of last fiscal. The inflow in March was just $167.6 million c...

Photo Credit: IANS IANSLive Washington, April 17 (IANS) The White House has walked back from keeping the current cap of 15,000 annual refugee admissions set by former President Donald Trump, hours after the decision evoked widespread backlash from Democratic lawmakers and civic groups. To get full access of the story, click here to subscribe to IANS News Service © 2021 IANS India Private Limited. All Rights Reserved. The reproduction of the story/photograph in any form will be liable for lega...

Photo Credit: IANS IANSLive New Delhi, April 15 (IANS) Domestic airlines are expected to log net losses in FY22 on the back of lower domestic air traffic compared with pre-pandemic levels, together with high fuel prices, ratings agency Crisil said. To get full access of the story, click here to subscribe to IANS News Service © 2021 IANS India Private Limited. All Rights Reserved. The reproduction of the story/photograph in any form will be liable for legal action. For news, views and gossips,...

Photo Credit: IANS IANSLive Chennai, April 15 (IANS) Insurance is basically a business based on uncertainty of events. Curiously, the general insurance industry officials while hoping for a growth, are uncertain about the prospects for FY22, as they are faced with negative consumer sentiment; the reduction in cash flow due to withdrawal of long-term motor policy; lower investment yield and muted growth owing to economy affected by Covid-19 pandemic. To get full access of the story, click here t...

ISLAMABAD: The Budget Strategy Paper for 2021-22 to 2023-24 approved by the federal cabinet on Tuesday envisages fiscal adjustments of 1.4 percent of GDP, equivalent to Rs734.44 billion for the...