Finance Ministry

DEA creates ₹17 trillion PPP project pipeline for 3 years: FinMin

Of the total projects, 232 are related to central ministries and departments, while the remaining 630 are with states and Union Territories

Centre pushes to merge, rationalise schemes to improve efficiency

54 centrally sponsored and 260 central-sector schemes may be reappraised for next financial year

Govt may relax transfer-pricing regime, make eligibility rules flexible

Move aimed at making safe-harbour rules more attractive and practical

Strong start to year but deregulation holds key to competitiveness

From the finance ministry came a mix of revenue-raising and trade-defence actions. Taxes on tobacco products will increase from the beginning of next month

Gross GST collections rise 6% to over ₹1.74 trillion in December 2025

Gross GST collections rose 6.1 per cent to over Rs 1.74 lakh crore in December 2025, on slow growth in revenues from domestic sales following the sweeping tax cuts, according to government data released on Thursday. Gross Goods and Services Tax (GST) revenue in December 2024 was over Rs 1.64 lakh crore. Gross revenue from domestic transactions rose 1.2 per cent to over Rs 1.22 lakh crore, while revenues from imported goods were up 19.7 per cent at Rs 51,977 crore during December, 2025. Refunds were up 31 per cent to Rs 28,980 crore in December. Net GST revenues (after adjusting refunds) stood at over Rs 1.45 lakh crore, up 2.2 per cent year-on-year. Cess collection last month dipped to Rs 4,238 crore, as against Rs 12,003 crore collected in December 2024. Effective September 22, 2025, GST rates on about 375 items were slashed, making goods cheaper. Also, a compensation cess levy is levied only on tobacco and related products, as against luxury, sin and demerit goods earlier. The

Why fixing the RBI-government ties matters for India's growth ambitions

The relationship between the central bank and the government is holding back India's financial sector

DFS pushes digitisation, reforms to speed up recoveries through DRTs

The DFS is pushing mandatory e-filing, virtual hearings and legal reforms to improve disposal rates and speed up recoveries through debt recovery tribunals

FinMin asks banks, finance institutions to promptly report vigilance cases

The finance ministry has directed public sector banks and financial institutions, including insurance companies, to promptly report vigilance-related matters concerning whole-time directors (WTDs) of their respective companies. The directive from the Department of Financial Services (DFS) under the ministry follows several instances where adverse information about board-level appointees was not promptly reported. In many cases, it said, such critical adverse inputs like private complaints, court observations, references or inputs from the CBI or other Law Enforcement Agencies are being reported only at the time when Vigilance Clearance is specifically sought from the Chief Vigilance Officers (CVO) of PSUs. Without citing any specific case, the advisory issued earlier this month, said, in certain cases even the crucial information relating to WTDs is omitted in the Vigilance Clearance formats on the ground that no specific column exists for such disclosure. Observing that omission o

I-T dept flags inaccuracies in returns, allows revised returns up to Dec 31

The notices have been issued under Section 142(1) of the Income-tax Act, which empowers the department to seek information or documents during assessment proceedings

FM Sitharaman, MoS chair Finance, Corporate Affairs 'chintan shivir'

Union Finance Minister Nirmala Sitharaman, along with Union Minister of State for Corporate Affairs Harsh Malhotra, chaired the 'Chintan Shivir' of the Ministry of Finance and the Ministry of Corporate Affairs here on Saturday. According to an official statement, all Secretaries of the Ministry of Finance and the Ministry of Corporate Affairs, Chairmen of Central Board of Direct Taxes (CBDT) and Central Board of Indirect Taxes and Customs (CBIC), and the Chief Economic Adviser to the Government of India were also present at the brainstorming session. Senior officers from the Ministry of Finance and the Ministry of Corporate Affairs, and associated departments also attended the event. In a session on "AI, Ease of Doing Business and Financing for Viksit Bharat", the discussions focused on strengthening institutional capacity and policymaking through the use of artificial intelligence, technology-enabled systems, and process reforms to improve Ease of Doing Business. "Deliberations .

FinMin unveils single brand logo for Regional Rural Banks nationwide

The Finance Ministry on Thursday unveiled a new logo for Regional Rural Banks (RRBs) to signify a single and unified brand identity. On the principle of 'One State One RRB', the Department of Financial Services, Ministry of Finance, has consolidated 26 Regional Rural Banks (RRBs) across 11 states/UTs, effective from May 1, 2025. The reform marks a crucial step toward building stronger and more efficient RRBs. Presently, 28 RRBs continue to serve the nation through an extensive network of over 22,000 branches in more than 700 districts. As part of creating a single and unified brand identity for the RRBs after the major amalgamation drive, a common logo for the 28 RRBs has been unveiled, the Finance Ministry said in a statement. This marks an important step toward strengthening the identity and visibility of these institutions serving the rural communities, it added. The colours of the RRB logo have been chosen to convey the objectives of the RRBs, it said, adding that dark blue ..

Finance Ministry asks three RRBs to give IPO blueprint by March-end

The DFS on Tuesday convened a meeting to review the IPO plans of three regional rural banks-Haryana Gramin Bank, Kerala Gramin Bank and Tamil Nadu Grama Bank

Centre projects ₹47,000 cr net revenue loss from GST rate rationalisation

The Centre projected a net revenue loss of about ₹47,000 crore due to GST rate rationalisation, even as higher taxation on select goods was expected to partly offset the impact

Bringing down debt-to-GDP ratio will be govt's core focus: Sitharaman

The finance minister stressed that fiscal management remains a priority and must be consistently upheld year after year

Crypto tax notices: File revised return before assessment, update later

Once search or survey begins, even updated return may not be allowed

FinMin streamlines recruitment, result timelines for public sector banks

The Finance Ministry has undertaken several initiatives aimed at streamlining the timelines for recruitment examinations for the public sector banks and declaration of their results. This includes recruitment to State Bank of India (SBI), Nationalised Banks (NBs) and Regional Rural Banks (RRBs), the Department of Financial Services under the Ministry of Finance said in a statement on Thursday. Additionally, these initiatives seek to enhance transparency in examinations conducted by the Institute of Banking Personnel Selection (IBPS). The recruitment in SBI, NBs and RRBs is conducted through the IBPS process, in accordance with the mandates of the respective banks, it said. Typically, examinations for RRBs are administered prior to those for NBs and the SBI. The results are subsequently announced in a similar sequence, it said. "Nevertheless, a notable trend has emerged wherein newly recruited candidates frequently transition from RRBs to NBs, and subsequently to SBI. This migratio

AU Small Finance Bank surges 4%; what's driving stock price on Wednesday?

AU Small Finance Bank in focus: The Finance Ministry has increased the foreign investment limit in the private-sector bank from 49 per cent to 74 per cent.

Sanjay Malhotra's first year as RBI governor: Stability with reforms

The RBI under him prizes stability, yet remains open to reform. The onus is on the banking industry to prove it deserves Malhotra's trust

India a crown jewel for us as far as impact is concerned: Binance's Seker

Binance's APAC head says India is the fastest-growing digital asset market globally despite regulatory uncertainty, with explosive potential driven by mobile penetration and savvy users

Stronger data safeguards, effective use of shared info: Revenue secy

Revenue Secretary Arvind Shrivastava on Tuesday said countries need to work towards ensuring strong data confidentiality systems and also make sure that information shared under international standards is used effectively. He said jurisdictions globally must also adapt to new challenges, including digital economy taxation and crypto asset reporting frameworks, which will need both technical innovation and coordinated action. "Looking ahead we must continue to deepen beneficial ownership transparency, ensure strong data confidentiality systems and make sure that information shared under international standards is used effectively," the secretary said addressing the 18th Global Forum Plenary meeting here. Shrivastava said over the years, the Global Forum has enabled a transformation in the global tax landscape from banking secrecy and limited cooperation to transparency and information exchange. "The work of the Global Forum continues to evolve and India stands ready to contribute ..