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Latest Articles in finance ministry

Steps To Curb Prices Will Be Significant In Few Months: FinMin

The Finance Ministry ascribed the rise in inflation to base effect and hike in food and fuel prices, and emphasised that initiatives that government has undertaken to curb price hike will be felt more significant in the next few months.

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FinMin Issues Office Memorandum To Revive The Loss-Making Tejas Express

In order to increase the number of passengers in Tejas Express, the Union Finance Ministry has issued an Office Memorandum (OM)

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FinMin Likely To Consider Changes In Insurance Laws

The government last year amended the Insurance Act to increase the limit of foreign holding in an insurance company from 49 per cent to 74 per cent

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FinMin Asks RBI To Complete Registration Of Payment 'Aggregators'

Apart from this, RBI is also going to monitor such accounts, which can be used for money laundering

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Need To Be More Synchronised With Fiscal Policy To Tame Inflation: FM

The fiscal policy has to work with the monetary policy to handle the Indian economy well, says Finance Minister Nirmala Sitharaman

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Finance Ministry Provides Grant To Rural Local Bodies, Worth Rs 4,189

After receiving grants from the Union government, states must transfer them to local bodies within 10 working days

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Finance Ministry Examines Performance Of PSU Banks

Public sector banks (PSBs) were reviewed by the Finance Ministry on Tuesday in light of first-quarter numbers and asked to increase lending to productive sectors

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No Plan To Levy Charges On UPI, Clarifies FinMin

The ministry said that the concerns of the service providers for cost recovery have to be met through other means.

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FinMin To Review Exemption-Free Tax Regime To Make It More Attractive

The finance ministry is proposing to soon review the exemption-free new tax regime with a view to making it more attractive for individual income taxpayers, sources said

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FinMin Invites Application For Post Of PFRDA Chairperson

The chairperson is entitled to a consolidated salary of Rs 4.50 lakh per month without facility of house and car, the finance ministry said while inviting application for the post

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Govt To Decide On Re-initiating BPCL Sale After Reviewing Situation: FinMin

In a written reply to the Lok Sabha, Minister of State for Finance Bhagwat Kishanrao Karad said the COVID pandemic, energy transition issues and geo-political conditions affected several industries globally, particularly the oil and gas industry

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Govt Is Taking Actions On Dubious Digital Apps Backed By Other Countries: FM

FM Nirmala Sitharaman informed the Rajya Sabha that the government is taking action against dubious digital loan apps, originating outiside India.

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Nirmala Sitharaman’s Remarks On Price Rise In LS Denial That Problem Exists: Congress

The Congress on Monday said Finance Minister Nirmala Sitharaman’s reply to the debate in the Lok Sabha on price rise was nothing but a “zero” and expectedly, a denial that a problem exists

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India Not Entering Into Recession Or Stagflation, Says Sitharaman

Nirmala Sitharaman, the finance minister, brushed off concerns that India would enter recession or stagflation

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Finance Department Negates Free Foodgrain Program

The Finance ministry stated that the Pradhan Mantri Garib Kalyan Anna Yojana (PM-GKAY) has not been extended beyond September as it is not advised by the department of expenditure

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