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MINISTRY OF FINANCE GPF ANNOUNCEMENT
India willing to let fiscal deficit widen to 4.8% of GDP: ReportIndia faces a larger budget deficit this year. The war in Iran is increasing energy subsidy costs. This puts pressure on government finance...
India grants retrospective custom duty relief on imports of select nuclear power generation equipmentIndia has granted retrospective customs duty relief on specified nuclear power generation equipment imported between April 1, 2019 and Janu...
India, Nepal launch cross-border remittance mechanism; links UPI, NPIIndia and Nepal have launched a new system for money transfers. This links India's UPI with Nepal's NPI. Citizens can now send money instan...
Dwarikesh Sugar, Dhampur Sugar and other sugar stocks gain up to 4% after excise duty cut on ethanol-blended petrolSugar stocks rose sharply on Thursday after the Finance Ministry exempted several ethanol-blended petrol variants from excise duty, strengt...
Credit guarantee scheme for MFI 2.0 gets extensionThe Credit Guarantee Scheme for Microfinance Institutions-2.0 has been extended. This extension will last until August or until guarantees ...
President approves merger of REC with Power Finance CorporationThe President has approved the merger of REC Ltd into Power Finance Corporation. This move follows PFC's acquisition of a majority stake in...
Over 1 lakh guarantees totalling Rs 48,484 cr issued under ECLG scheme since May 5: FinMinThe Emergency Credit Line Guarantee Scheme (ECLGS) 5.0 has seen over 1 lakh guarantees issued, totaling Rs 48,484 crore in just one month. ...
Firms defaulting on labour wage may face ban from govt tendersCentral agencies can now ban contractors from government projects for failing to pay worker wages or social security contributions. Repeat ...
Commerce ministry raises anti-dumping duty rejection issue at 'highest level'The Commerce Ministry is escalating concerns about the Finance Ministry's increasing rejection of anti-dumping duty recommendations. This t...
Six months on, National Sports Awards still await nodIndia's sporting community faces an unusual delay in the National Sports Awards. The Sports Ministry cites a re-evaluation of Arjuna awarde...
Centre hands approval letters to 3 foreign universities for India campusesIndia is welcoming top universities from the UK and Australia to set up campuses. The University of Bristol and University of York will ope...
NSE to route 10% of CSR spending through Social Stock Exchange after regulatory green lightNSE will channel 10% of its annual CSR corpus through the Social Stock Exchange, becoming an early institutional adopter of the platform. T...
8th Pay Commission latest news: Railway pensioners' body demands one rank one pension, inflation-linked pension revisionRetired railway employees are urging the 8th Pay Commission to implement one rank one pension. They also demand a revision of basic pay and...
FM Sitharaman discusses ways to boost growth with Bengal CMThe meeting, coming just over a month after the BJP stormed to power in West Bengal for the first time, also dwelt on improving the credit ...
What's brewing? FinMin seeks gold lending info from banksIn a communique to banks on Friday evening, the Department of Financial Services sought data on value and quantity of gold metal loans (GML...
Assam Chief Minister Himanta Biswa Sarma allocates portfolios to 12 newly inducted ministersAssam Chief Minister Himanta Biswa Sarma has allocated portfolios to twelve new ministers. The chief minister kept key departments like Hom...
Report on datasets for State Finance Commissions to be released on MondayA report on datasets for State Finance Commissions will be released by the Chief Economic Advisor in New Delhi on Monday. This initiative a...