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Maharashtra Cabinet approves Rs 11,500 crore package for financial assistance, repairs and long term measures in flood hit districts

Maharashtra Cabinet approves Rs 11,500 crore package for financial assistance, repairs and long term measures in flood hit districts
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Working to resolve glitches: Nandan Nilekani responds to Sitharaman on new tax website

Responding to Finance Minister Nirmala Sitharaman, Infosys co-founder Nandan Nilekani has said the company is working to resolve the initial glitches that surfaced on the income tax department's new e-filing website. ....

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'Dying' hospitality sector reaches out to FM Sitharaman for financial assistance, waivers | India News

NEW DELHI: A clutch of industry bodies representing the hospitality sector in India have petitioned Union Finance minister Nirmala Sitharam to extend the scope of the Emergency Credit Line Guarantee Scheme and to bail them out from the severe liquidity crunch and NPAs they are facing after coronavirus pandemic halted their recovery.
Key bodies including the Hotel Association of India (HAI), Federation of Hotel and Restaurant Associations of India (FHRAI) and the Federation of Associations of Indian Tourism and Hospitality (FAITH) have over the past month submitted representations to Sitharaman urging the government to provide a ‘Special Credit Guarantee Window’ to the hospitality sector under the Emergency Credit Line Guarantee Scheme (ECLGS). ....

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Finance Minister Nirmala Sitharam: Countries Have To Be Open About Sharing Vaccine-Based Technologies

There is a need to have a global multilateral approach to deal with Covid pandemic: Nirmala Sitharaman
New Delhi:
Stressing that there cannot be any vaccine nationalism, Finance Minister Nirmala Sitharaman on Monday urged nations to share technologies on COVID vaccines amid the pandemic.
She also pitched for examining Trade-Related Aspects of Intellectual Property Rights (TRIPS) agreement in the light of the coronavirus pandemic.
Countries will have to be open about sharing vaccine-based technologies. The TRIPS agreement will have to be looked at in the context of the pandemic. There cannot be any more vaccine nationalism, countries will have to be flexible about it, she said at the annual meet of the Asian Development Bank (ADB). ....

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HMR yet to receive remaining fund from Centre

HMR yet to receive remaining fund from Centre
Updated:
Updated:
Payment under VGF still pending
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Payment under VGF still pending
While there is renewed hope of second phase of the Hyderabad Metro Rail (HMR) kicking off with the government allotting ₹1,000 crore in this year’s budget, the pending payment from the Centre under the Viability Gap Funding (VGF) continues to stick as a sore thumb. This is for the first phase of the project built by L&T Metro Rail Hyderabad (L&TMRH) across three routes under the Public, Private Partnership (PPP) mode.
The Centre had assured to give ₹1,458 crore or little more than 10% of the projected cost of ₹14,156 crore then and the money was being released in stages as per the construction progress in the seven years of construction for completing about 69.2 km - Red Line or Corridor One from L.B. Nagar to Miyapur, Blue Line or Corridor Three from Nagole to Raidurg and Green Line or Corridor Two - Jub ....

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