Finance

Govt cuts FY23 borrowing by Rs 10,000 crore

Centre on Thursday said that it will borrow Rs 5.92 lakh crore in the second half of the year

published on : 30th September 2022

No premature closure of Senior Citizens' Savings Scheme account on death: Govt

The clarification came as it has been noticed in some cases that on the death of the account holder, operating agencies are closing the SCSS account by treating it as premature closure.

published on : 29th September 2022

Pakistan swears in sixth finance minister in four years amid economic crisis

The move came after former finance minister Miftah Ismail stepped down from his post to make way for the PML-N senator.

published on : 28th September 2022

Pakistan's finance minister Miftah Ismail quits in middle of trip abroad

The decision to change ranks in the top cabinet position came after a vital PML-N meeting was held in London on Sunday under the chairmanship of party supremo Nawaz Sharif.

published on : 26th September 2022

Andhra Pradesh: Finance department clarifies on enhancement of  retirement age to 62

The State legislature had approved the same and an extraordinary gazette notification was issued on April 19, 2022. 

published on : 26th September 2022

Cooperative sector happy with Centre's decisions, says Sitharaman after winding up Baramati tour

On inflation, the finance minister said the government is constantly working to keep it under control.

published on : 25th September 2022

CAG did not flag govt transactions: AP Finance Minister

Besides bifurcation and the Covid, Buggana blamed the previous TDP regime for the financial issues in the State.

published on : 24th September 2022

Buggana: AP less dependent on market borrowings due to its own tax revenues

AP is less dependent on market borrowings given its own tax revenues. However, a section of the media has interpreted the same in a negative angle, Rajendranath said.

published on : 22nd September 2022

Many countries interested in bilateral rupee trade: FM Nirmala Sitharaman

Currently, a large part of bilateral trade between India and Russia is getting settled in the rupee due to sanctions imposed by the US and Europe following Moscow's attack on Ukraine.

published on : 13th September 2022

Sitharaman compares India Inc to 'Hanuman', questions hesitation on investing in manufacturing

Finance Minister Nirmala Sitharaman wants to know what is holding back the industry from investing in manufacturing despite foreign investors showing confidence in India.

published on : 13th September 2022

Saving money? Learn to invest too

Investing regularly in an index fund is the best way to beat the inertia 

published on : 12th September 2022

Inflation management can't be singularly left to RBI: FM Sitharaman

The minister further said there are economies where policy is designed in such a way that the monetary policy and the interest rate management is the one and the only tool to handle inflation.

published on : 8th September 2022

RBI, Finance Ministry ask banks, trade bodies to push cross-border rupee trade 

It was stressed during a meeting that banks should connect with their foreign counterparts for opening special rupee vastro accounts to facilitate cross-border trade in Indian currency.

published on : 7th September 2022

ESAF Bank launches 'rainbow account' for transgender community

A trans-friendly or inclusive labour culture is the need of the hour and this is a big step towards the inclusive revolution, Kerala-based ESAF Small Finance Bank said in a statement.

published on : 6th September 2022

‘No change in tax law for overseas G-sec listing’: Finance Ministry

Some indices sought exemption from capital gains tax as condition for listing these bonds

published on : 6th September 2022

Govt to raise Rs 20K crore via green bonds: Finance Ministry

Meanwhile, the government sources said with the issuance of green bonds, the market will get diversified as at present there are investors for normal bonds only.

published on : 6th September 2022

Cyrus’ entrepreneurial mindset helped achieve many milestones, says SP Group 

In recent years, he was playing key role in reducing the debt-level of the Group and was quite successful in it.

published on : 6th September 2022

Andhra Pradesh: Implement PRC for staff of APPTD, govt urged

The new wages should also be implemented to 2,096 employees, who got promotions, he said.

published on : 4th September 2022

Taxmen can launch prosecution in cases of over Rs 5 crore GST evasion

Prosecution should normally be launched where the amount of tax evasion, or misuse of ITC, or fraudulently obtained refund is more than Rs 5 crore, it said.

published on : 2nd September 2022

Panel recommends State-wide permits for OSRTC buses in Odisha

As per the recommendation of the Ministry of Finance, the STU buses should be examined from the payment of MV Tax (Road Tax and Permit fees) to reduce their operational costs.

published on : 1st September 2022
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