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INDIA FINANCE MINISTRY
DRI uncovers Rs 2,500 crore duty evasion through fraudulent SAFTA claims on areca nutsThe Directorate of Revenue Intelligence has uncovered a major areca nut import racket involving fraudulent SAFTA claims and false declarati...- Finance ministry asks ministries to move from WPI to PPI in future contractsThe finance ministry has asked ministries and departments to adopt the Producer Price Index (PPI) instead of the Wholesale Price Index (WPI...
- Parliamentary panel on finance suggests task force to fill 38 vacant DIPAM positionsA parliamentary committee highlighted a significant 43 percent vacancy rate within DIPAM. This shortage severely impacts the department's a...
- Govt seeks applications to appoint two CCI members to avoid lack of quorumThe corporate affairs ministry is seeking applications for two Competition Commission of India members. This appointment will strengthen th...
- Parliamentary panel seeks penalties for banks hosting multiple mule accountsA parliamentary committee suggests penalizing banks for mule accounts and KYC lapses. It also highlighted delays in merchant discount rates...
- Green energy federation asks govt to extend CBG blending rule to industrial consumersThe Indian Federation of Green Energy wants to expand compressed biogas blending obligations. This move aims to include large industrial ga...
- Parliamentary panel backs govt steps to strengthen IBC recovery, seeks deeper action on fund diversionA parliamentary panel has backed govt efforts to improve insolvency recovery, seeking urgent action to prevent fund diversion during insolv...
- MSME rules next month, focus on global value chainsThe MSME ministry is set to announce new regulations for small businesses next month. These amendments focus on improving invoice financing...
- Nirmala Sitharaman calls on multilateral banks to lay BRICS for private infra investmentFinance Minister Nirmala Sitharaman emphasized the challenges faced by BRICS nations in mobilizing private capital. She urged multilateral ...
- BRICS nations need stronger frameworks to mobilise private capital at scale: Nirmala SitharamanNirmala Sitharaman urged BRICS nations to foster stability for attracting private capital. Multilateral development banks can de-risk inves...
- Govt committed to phased implementation of 'PRAHAAR' strategy: MHAIndia's PRAHAAR strategy is being rolled out progressively, focusing on counter-terrorism efforts in a structured manner. The initiative ai...
- India likley to launch digital gold regulatory framework next yearThe Indian government is likely to roll out regulations for digital gold in the coming year, backed by discussions involving critical minis...
- India targets 10-fold clean fuel output jump in next 5-10 years to curb importsIndia aims for a tenfold increase in compressed biogas production over the next decade. The government plans to address supply chain uncert...
- Should ministers have domain expertise? Gen Z protests revive an old debateThe recent wave of protests from Gen Z has sparked significant government actions, leading to both transfers and resignations among officia...
- Is UPI ending free payments for all users? Here’s what Finance Ministry saysStandard UPI transfers for individuals will remain complimentary, ensuring users can continue making everyday payments without worry. While...
- Govt taps inputs from public sector banks to lure foreign capitalGovernment will meet state-owned lenders to attract foreign investment. This aims to stabilize the rupee and bridge the current-account gap...
- DPIIT signs 5 MoUs to expand digital, cloud and investment support for startupsThe Department for Promotion of Industry and Internal Trade (DPIIT) has signed five strategic Memoranda of Understanding (MoUs) with indust...
- Student loans, GoI reading this rightIn a groundbreaking move, the government is set to double education loan disbursals across the country, enabling greater access to higher e...
- India on track to exceed key fundraising goal on state-firm stake salesIndia is poised to achieve its divestment aspirations this fiscal year, with enhanced momentum in stake sales and asset monetisation. Altho...
- India may charge gas users to fund planned $42 billion fuel reserves, sources sayIndia is considering levies on cooking gas and natural gas consumers to fund a proposed $42 billion multi-fuel strategic reserve programme ...
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