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FINANCE MINISTRY STATEMENT
UPI MDR may return, but only some merchants will have to pay, Finance Ministry clarifiesThe finance ministry said any future MDR on UPI will be nominal and limited to merchant transactions above a specified threshold, while con...- BRICS trade meet clears MSME credit frameworkBrics trade ministers finalized their Economic Partnership 2030 strategy and adopted a joint declaration. They agreed on the Jaipur Consens...
- Rajnath Singh chairs parliamentary panel meeting, discussions focus on Territorial ArmyDefence Minister Rajnath Singh chaired a meeting on the Territorial Army's effectiveness. Discussions focused on enhancing the reserve forc...
- India-Sri Lanka focus on infrastructure projects; updating FTA to boost Comprehensive PartnershipForeign Secretary Vikram Misri met Sri Lankan leaders to review bilateral cooperation and projects. Agreements were finalized on social sec...
- Household savings rise to 21.7% of GDP in FY25: GovtHousehold savings increased to 21.7 percent of GDP in 2024-25. Government and RBI measures aim to boost incomes and financial security. RBI...
- PM Surya Ghar scheme crosses 50 lakh rooftop solar installationsThe PM Surya Ghar scheme has now benefited over fifty lakh households nationwide. This significant milestone reflects rapid implementation ...
- Govt cuts ₹16,688 crore in tax disputes after appeal threshold hikeThe government withdrew thousands of tax appeals after raising litigation limits. This action reduced disputed tax demand by over sixteen t...
- Yen holds gains after Japan, US confirm joint intervention, signal more actionJapan and the United States intervened jointly to support the Japanese yen currency. This rare action aimed to prevent further declines and...
- Global Market: Japan, US confirm coordinated yen intervention to stem currency slideJapan's finance ministry confirmed that Tokyo and Washington jointly intervened in currency markets to support the yen for the first time s...
- Centre releases additional Rs 1,09,019 crore tax devolution to states to boost capital spendingThe Union government released an additional Rs 1,09,019 crore tax devolution on August 1, 2026. This amount is separate from the scheduled ...
- DLI 2.0 to widen financing options for chip design companiesThe Design-linked Incentive scheme's second edition may offer significant financial support. Eligible startups and MSMEs could receive seed...
- Maldives launches Favara-UPI payment service with IndiaMaldives has launched real-time fund transfers to India using UPI. This integration connects Maldives' Favara system with India's popular p...
- South Korea’s Kospi rockets 17% after massive 3-day selloff. What’s behind the surge?The KOSPI was up 17% at 6,549 points after tumbling nearly 17% over the previous three sessions, marking one of its steepest weekly decline...
- West Asia conflict: PM Modi directs measures to safeguard Indians, boost renewable energy pushPrime Minister Modi directed ministers to safeguard citizens and diaspora from West Asia conflict impacts. He also ordered a dedicated assi...
- FinMin launches Protection & Indemnity Insurance product under Bharat Maritime Insurance PoolIndia's Department of Financial Services launched a new sovereign-backed P&I insurance product. This product is designed by New India Assur...
- Has government scrapped Long Term Capital Gain (LTCG) tax for foreign investors? Finance Ministry repliesThe government has clarified no LTCG tax scrapping for foreign investors. Only investments in Government Securities now receive tax exempti...
- PM Modi chairs second high-level meeting with Secretaries, reviews agenda for Viksit BharatPrime Minister Narendra Modi chaired a high-level meeting reviewing future action agendas. Discussions focused on finance, commerce, and te...
- Anti-paper leak bill, Supreme Court judges amendment on Parliament agendaThe Lok Sabha will consider a bill to prevent unfair means in public examinations. Another bill aims to increase the number of Supreme Cour...
- Indonesia raises $1.03 billion in debut panda bond saleIndonesia made a spectacular debut in the international debt market by successfully raising $1.03 billion with its first panda bonds. The n...
- GPF interest rate for government employees: Has Finance Ministry changed GPF rate from 7.1% for July-September 2026 quarter?The Ministry of Finance has announced the GPF interest rate for the upcoming quarter. General Provident Fund and similar government funds w...
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