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House panel summons officials over denial of loan to MP's kin | India News

The Standing Committee on Finance, which met on Tuesday, summoned the officials on October 30. ....

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Finance Ministry kickstarts Budget making exercise amid COVID-19 pressure

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Highlights
The economy is projected to contract by a massive 10.3 per cent this year, according to an IMF forecast
Even the Reserve Bank of India expects the economy to shrink by 9.5 per cent in the current financial year
As per the finance ministry schedule, the nearly one-month long exercise to finalise the Revised Estimate for 2020-21 and Budget Estimate for 2021-22 began today
New Delhi: The Finance Ministry on Friday kicked off the exercise to prepare the annual Budget for 2021-22 amid the urgency to push economic growth hit by the COVID-19 pandemic.
The upcoming Budget will be crucial for the country as it will have to deal with the impact of the pandemic which has affected all segments of the economy, including revenue collection, disinvestment, expenditure, exports, and food prices. ....

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