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THE CONSOLIDATED SINKING FUND
Afcons Infrastructure shares jump 5% after securing Rs 7,544 crore Croatia railway projectAfcons Infrastructure shares jumped over 5% after the company secured its largest-ever international project—a Rs 7,544 crore railway const...- Traders looking for next leg in global stocks rally bet on AsiaInvestors are increasingly betting on Asia for the next phase of the global equities rally, driven by enthusiasm around artificial intellig...
- Karnataka disputes RBI’s liability figures ahead of State Budget on Friday, seeks AG correctionKarnataka challenges the Reserve Bank of India's debt figures. The state government has written to the Accountant General seeking a review ...
- RBI governor stresses on fiscal consolidation"He emphasized on the need for the states to focus on fiscal consolidation, improving quality of expenditure and other issues related to th...
- RBI Governor Shaktikanta Das asks states to find out effective ways to address debt issuesIn his address, Das highlighted the importance of the SFS conference as an effective platform to deliberate on, and find out effective ways...
- RBI extends temporary advances limit of Rs 51,560 cr for states, UTs till SepThe RBI said it has revised the WMA Scheme of States and Union Territories (UTs) based on the recommendations of the Advisory Committee on ...
- State government bonds back in favour, yields dropThe gap between the SDL Index and the 10-year benchmark paper stood at 59 basis points until last Friday.
- State governments get some relief in loan repaymentsThe Reserve Bank has allowed them to use some balances in the consolidated sinking funds-CSF- parked with it to repay the bonds.
- RBI relaxes rules for withdrawal from CSF; States may get extra Rs 13,300 crState governments maintain a Consolidated Sinking Fund (CSF) with RBI as a buffer for repayment of their liabilities.
- Centre releases Rs 14,103 crore GST compensation to states; more to be released soonWith the release of Rs 14,103 crore to states on Tuesday, the Centre has paid a total of Rs 34,053 crore pending GST compensation cess for ...
- Bengal asks Centre to release Rs 5,013 crore as per revenue deficit grant provided by Finance CommissionWest Bengal finance minister Amit Mitra wrote to Union finance minister Nirmala Sitharaman and reiterated demands to ease the fiscal defici...
- States want FRBM limit raised to 4%CMs seek relaxation in state fiscal deficit limit to deal with additional spending, revenue fall due to Covid-19. Under the fiscal responsi...
- States should better their cash management: Raghuram RajanRBI Governor Raghuram Rajan has asked states to improve cash management flow and explore the option of raising funds through innovative deb...
- Contribution to consolidated sinking fund enlarged by cabinetThe government had constituted consolidated sinking fund in the year 1999-2000 and has invested a total sum of Rs 169.90 crore so far.
- Gujarat govt to auction state securities worth Rs 1,500 crBesides the staggering liability, the state government has also extended guarantees on behalf of the state-owned entities and various statu...
- European debt hits danger levels: IMFThe IMF warned today that European levels of government debt had hit danger levels and vigorous action was needed to get them down again.
- Rs 2799 crore suppl budget presented in Orissa Assembly amid pandemoniumOrissa Finance Minister Prafulla Ghadei on Thursday presented the supplementary budget of Rs 2799.59 crore for financial year 2008-09 in th...
- Further financial strains cannot be ruled out: IMFWithin 24 hours of US investment banker Lehman Brothers filing the largest bankruptcy in the American history, International Monetary Fund ...
- Guarantee-risk reserve fund for statesNEW DELHI: The Centre has proposed the creation of a guarantee-risk reserve fund for state governments for servicing debt obligations in ca...
- States told to give fewer guaranteesNEW DELHI: GUARANTEE is a bad word in fiscal literature. The government is waking up to this trend by persuading states to put a cap on iss...
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