Net tax receipts during April-May period were 338.5 billion rupees ($4.48 billion), while total expenditure was 5.12 trillion rupees, the data showed, indicating the government was front-loading its budgeted spending to combat the impact of pandemic.
About 55 lakh tonnes of foodgrains are required monthly under the National Food Security Act (NFSA) and other welfare schemes.
The minister also said the government’s thrust on infrastructure development will have a positive bearing on driving steel consumption in the country.
The PBOC said it would continue to guide lending rates lower by exploiting the full potential of reforms and would strengthen financial support to small- and medium-sized enterprises and private firms.
According to MMRDA, nearly 755 labourers are expected to be brought back from different states in July and so far 115 have already been sourced by the contractors of the metro 7 line.
The bank reiterated its commitment towards the MSME sector, which has been the engine of economic growth and promoting equitable development.
On the occasion of International MSME Day, SBI managing director C S Shetty on Friday addressed MSME customers and employees across the nation video conference.
The company’s consolidated revenue for the quarter rose 7.96 per cent to Rs 2,767.48 crore as against Rs 2,563.47 crore a year ago, Glenmark Pharmaceuticals said in a regulatory filing.
The board also deliberated on the current economic situation and the evolving challenges posed by the pandemic.
India and the US are negotiating a trade deal to iron out differences and promote two-way commerce.