Govt clears second tranche of mobile PLI sops https://ift.tt/IHe26lU manufacturers have pushed back against the government for the delay in releasing the sops under the Rs 41,000-crore scheme. "The government has been asking for more and more paperwork, delaying the release of the sops, even though the funds are there with the government," said an industry official in the know.
Government's cash surplus tops Rs 3.4 lakh crore https://ift.tt/54P3HSG from the deceleration in government spending, higher direct tax collections and a likely sharp rise in issuances of Treasury Bills by the Centre in FY24 were factors pushing up the government's cash balances, analysts said. The flow of government cash balances to and from the banking system is a key factor that influences liquidity conditions.
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