Release Viability Gap Funding to Vizhinjam port as grant, not loan, Kerala Chief Minister requests Center

Release Viability Gap Funding to Vizhinjam port as grant, not loan, Kerala Chief Minister requests Center

Kerala Chief Minister Pinarayi Vijayan has sought the intervention of Union Finance Minister Nirmala Sitharaman for release of Central share of Viability Gap Funding (VGF) for Vizhinjam International Seaport Limited (VISL) without imposing a condition that the state must repay it later, in order for it to be spared of a potential financial loss of…

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Sitharaman Urges IMF, World Bank to stick to core competencies, warns against long-term donor dependency. mint

Sitharaman Urges IMF, World Bank to stick to core competencies, warns against long-term donor dependency. mint

New Delhi: The International Monetary Fund (IMF) and the World Bank (WB) should not drift away from their competencies, as their decisions impact the global monetary systems, finance minister Nirmala Sitharaman warned on Wednesday. Speaking at a discussion on “Bretton Woods Institutions at 80: Priorities for the Next Decade,” held on the sidelines of the…

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FM Sitharaman urges synergy between trade and tax authorities

FM Sitharaman urges synergy between trade and tax authorities

Finance and Corporate Affairs Minister Nirmala Sitharaman on Friday urged the business community to proactively and regularly engage with GST officials, encouraging open dialogue to find synergistic solutions to their concerns. Central Board of Indirect Taxes and Customs (CBIC) and its officers these days are “speedily addressing” problems of assesses (trade), Sitharaman said after inaugurating…

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