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Six month left, Krishnamurthy Subramanian's term cut short at IMF

Subramanian, who took up the IMF post in November 2022, represented India, Bangladesh, Sri Lanka, and Bhutan. As of May 3, the IMF's website lists the position as vacant

India to flag Pak's terror role with global lenders after Pahalgam attack

Country also set to voice its concerns with the IMF executive board next week, when it takes up a $1.3 billion loan for Pakistan

SC's JSW Steel decision a blow to insolvency process, say experts

The Supreme Court had invoked Section 142 of the Constitution to nullify the CoC decision

Private sector a trusted partner in development: FM Nirmala Sitharaman

First facilitation centre for PM internship scheme launched in Kolkata

Arvind Shrivastava takes charge as revenue secretary amid policy challenges

Prior to this, Shrivastava served in the Prime Minister's Office as joint secretary and later as additional secretary

Uncertainty could hit pvt sector capital formation: FinMin economic review

While highlighting that uncertainties stemming from global developments are a risk for the growth outlook for FY26, the finance ministry said

Streamlined processes help companies speed up voluntary closures

The working paper by PMEAC highlighted that process or nuts-and-bolts reforms are not systematically researched, documented or taught, but are an important part of a policymaker's toolkit

India slashed extreme poverty to 2.3% in FY23, shows World Bank data

Using the $3.65 per day poverty line for lower- and middle-income countries (LMIC), poverty fell from 61.8 per cent to 28.1 per cent, lifting 378 million people out of poverty in India

Private investment in India is still a worry: IMF's Krishna Srinivasan

The IMF on Tuesday pared down its FY26 growth forecast for India by 30 basis points to 6.2 per cent, citing escalating trade tensions and global uncertainty in its latest World Economic Outlook

Gensol Engineering case: Now, NFRA joins investigation against promoters

NFRA's domain extends to audit firms of listed companies and unlisted companies with over ₹500 crore paid up capital or ₹1,000 crore annual turnover

Finance secretary Seth to lead Indian delegation as FM cuts short US visit

"Finance secretary and secretary DEA Ajay Seth shall represent India in the absence of FM," a senior finance ministry official said

ICAI's Financial Reporting Review Board to review Gensol's books

The review is being undertaken by the ICAI on a suo motu basis, Charanjot Singh Nanda, president, ICAI, said

World Bank trims India's FY26 growth forecast to 6.3% amid uncertainty

Lowers South Asia's FY25 outlook and urges region's nations to carry out reforms and revenue mobilisation

Threefold rise in trade restrictions since 2019: FM Nirmala Sitharaman

Speaking at the Stanford University, the FM flagged a threefold increase in trade restrictions since 2019 with both advanced and emerging economies striving to protect domestic production and jobs

IMF cuts India's FY26 growth forecast to 6.2% amid trade tensions

The WEO stressed that a swift escalation of trade tensions has generated extremely high levels of policy ambiguity, complicating efforts to establish a central global growth outlook

New accounting norms to bolster financial reporting quality: ICAI

The proposed standards also present two additional subtotals in the profit or loss section: 'operating profit or loss' and 'profit or loss before financing and income taxes'

Govt considers SFIO action against Gensol Engineering and promoters

Experts opine that regulators and policy action need to evolve due to the social media impact and the financial influencers getting paid for endorsements

Arvind Shrivastava named revenue secretary in major FinMin rejig

With the appointment of four new secretaries, the Finance Ministry has, in recent months, witnessed an unusually high frequency of changes at the top bureaucratic level

Retail inflation at 6-year low a result of govt efforts: Finance ministry

It said that this trajectory underscored the country's resilience and commitment to ensuring price stability without compromising on development goals

Fitch cuts India's GDP projection by 10 bps to 6.4% as trade war escalates

Fitch says, excluding the pandemic, world growth rate to be the weakest since 2009