finance current news - Daily News Capsule

The telecom ministry will set up an intelligence unit and a consumer protection system to tackle pesky calls, financial duplicity. "In the meeting, the Minister of Communication directed the authorities to take strict action against the telemarketers and individuals involved in harassment of telecom subscribers. Further, the minister observed that telecom resources are also being used to carry out financial frauds and dupe the common man of his hard-earned money,” the statement read. To take strict action against financial irregularities, the government is planning to set up an intelligence unit and a consumer protection system to address the rising concern and irritation of consumers over Unsolicited Messages on mobile phones, repeated harassment through SMS, promising fraudulen...

Addressing a virtual event of industry body PHDCCI Sitharaman said careful monitoring and tackling of fiscal deficit was the “mool mantra” of the budget 2021. The Centre's fiscal deficit increased, as it was forced to offer relief packages in the wake of the epidemic, despite a decline in revenue collection. Even though nominal GDP is expected to reverse a contraction in the FY22 and expand at 14.9%, the inevitability of continued spending to continue growth has led the Center to keep the fiscal deficit target elevated at 6.8% for the next fiscal as well. She said that the government has managed to make the Budget transparent. "There is nothing under wraps or swept under the carpet. Whatever the government is borrowing or spending is open for everyone to see," she emphasized. ...

Tag: finance current news

Govt to set up a digital intelligence unit to tackle pesky calls, financial duplicity

Govt must keep an eye on the fiscal deficit – FM Nirmala Sitharama