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Searched Tag: finance ministry

An aircraft moves along the runway at Bagdogra International Airport

FM’s flight makes emergency landing in Siliguri, Bhutan trip off

October 31, 2025, 02:49 PM - 3 min read

Nirmala Sitharaman’s Bhutan visit has been cancelled after bad weather at Paro forced her flight to make an emergency landing in Siliguri. Officials said safety concerns prompted the decision.

The ministry said the government policy wants to phase out tax incentives, deductions and exemptions in the medium-term while simultaneously rationalising the rates of tax

FinMin seeks industry inputs on tax changes in FY27 Budget

October 28, 2025, 07:29 PM - 2 min read

The Revenue Department’s ‘tax research unit’ has sought suggestions from trade and industry representatives on ways to increase ease of compliance and expected tax rate change in the Union Budget for the 2026-27 fiscal, which will be presented on February 1, 2026

The date for submission of the Finance Commission report has now been extended till November 30

Tenure of 16th Finance Commission extended

October 14, 2025, 03:31 PM - 2 min read

The 16th Finance Commission was constituted by the government on December 31, 2023, with former Niti Aayog vice-chairman Arvind Panagariya as its Chairman

On August 25, the Finance Ministry introduced a ‘one-time one-way’ switch facility from the newly-introduced UPS to the NPS, saying it will be made available to all central government employees who have opted for UPS

Government employees asked to opt for UPS before Sept 30 deadline

September 18, 2025, 05:42 PM - 2 min read

The deadline for government employees to shift to the Unified Pension Scheme (UPS) is September 30, said the Finance Ministry, adding that those who choose to remain in NPS cannot opt for UPS after the deadline

A new committee has been set up by the government to look into issues faced by the manufacturing sector concerning tax payment and export clearance in the backdrop of steep tariffs imposed by the US on Indian goods

Govt committee to streamline tax, export issues in manufacturing

September 3, 2025, 06:42 PM - 2 min read

A committee, which includes representatives from the Finance Ministry, the Department for Promotion of Industry and Internal Trade, the Department of Commerce, the RBI, and the Directorate General of Foreign Trade, will look into quick resolution of tax and export-related issues of the manufacturing sector

The Finance Ministry has called a meeting of the heads of public sector banks (PSBs) on August 20 to review their financial performance in the first quarter of this fiscal year

FinMin to meet PSB chiefs to review Q1 performance

August 19, 2025, 02:24 PM - 2 min read

The Finance Ministry has called a high-level meeting with the heads of public sector banks on August 20 to review their performance in the first quarter of 2025-26

Govt. sanctions interest rate of 8.25 pc on PF

May 24, 2025, 05:47 PM - 2 min read

The ministry of finance has ratified the same rate of interest on EPF for the fiscal year 2024-25 as the preceding year

No GST on UPI transactions over ₹2,000: Centre

April 18, 2025, 08:12 PM - 3 min read

The Finance Ministry has dismissed claims that GST would be imposed on UPI transactions over ₹2,000, calling them baseless. It reaffirmed that there is no such proposal and reiterated its commitment to encouraging low-cost, cashless transactions through digital platforms like UPI.

A Bofors howitzer in action, central to the 1980s defence deal controversy.

CBI seeks US help in Bofors probe, contacts investigator

March 5, 2025, 11:17 AM - 4 min read

The Central Bureau of Investigation (CBI) has sent a judicial request to the United States seeking information from private investigator Michael Hershman, who has previously expressed willingness to share crucial details about the Rs 64-crore Bofors bribery scandal of the 1980s.

Finance Ministry Restricts Use of ChatGPT DeepSeek for Safety.

Finance Ministry bans ChatGPT, DeepSeek for employees

February 5, 2025, 01:15 PM - 2 min read

The Indian Finance Ministry has issued an advisory instructing its employees to refrain from using artificial intelligence tools such as ChatGPT and DeepSeek for official work.

Govt approves ₹ 100 crore loan scheme for MSMEs

January 30, 2025, 04:46 PM - 3 min read

The scheme would provide 60 per cent guarantee coverage by National Credit Guarantee Trustee Company Limited (NCGTC) to member lending institutions (MLIs) for credit facility upto Rs 100 crore, sanctioned to eligible MSMEs under MCGS-MSME for purchase of equipment/machinery, according to the Ministry of Finance.

FinMin evaluates union budget 2024-25 ahead of new budget

January 16, 2025, 02:40 PM - 3 min read

The Ministry of Finance on Thursday gave a report card on the key 2024-25 Union Budget initiatives, including simplifying taxation, reducing litigation, and improving tax certainty, with reforms such as the Vivad Se Vishwas Scheme and changes to capital gains taxation.