Page 15 - Finance Ministry

Govt to borrow Rs 8 trillion in H1 FY26. What does it mean? | Finance Ministry

The Indian government has unveiled its borrowing plan for the first half of FY26 to the tune of Rs 8 trillion, and you may be wondering, what does that even mean? Watch the video to understand.

5% GST for restaurants with non-specified premises: Finance Ministry

Option of 5% GST without ITC or 18% with ITC to be applicable on restaurant services provided at non-specified premises, clarifies FinMin

FM Sitharaman meets US Chamber of Commerce President Suzanne Clark

Finance Minister Nirmala Sitharaman on Thursday met US Chamber of Commerce President and CEO Suzanne Clark. "Union Minister for Finance and Corporate Affairs Smt @nsitharaman met Ms @SuzanneUSCC, President and CEO, US Chamber of Commerce @USChamber, in New Delhi, today, along with Mr Atul Keshap, President, @USIBC at @USChamber," the Finance Ministry said in an X post. The ministry further said that during the meeting, Sitharaman mentioned that India values the growing business engagements between India and US businesses. Clark appreciated India's continued reforms, including in FDI, leading to the growing interest of US businesses in India, and underlined the increased cross-border investment, innovation, growing entrepreneurship and trade that strengthen the US-India partnership, the ministry added.

Uncertainty in trade policy, geopolitics risk to growth next year: FinMin

Estimates of agricultural production suggest positive outlook for food inflation

No major lapses found in gold loan portfolios of PSBs after audit: FM

Sitharaman was replying to the discussion on the Banking Laws (Amendment) Bill, 2024. Later, the Rajya Sabha passed the Bill by voice vote

Govt withdraws gold monetisation scheme, short-term deposits to continue

This decision comes after a comprehensive review of the scheme's performance and evolving market conditions

FinMin, RBI officials to meet on Mar 26 to decide April-Sept borrowing plan

India's finance ministry and central bank officials will meet on Wednesday to decide the country's market borrowing plan for April and September

Lok Sabha passes Finance Bill 2025 with 35 amendments, Rajya Sabha next

The amendments include one that abolishes a 6 per cent digital tax, popularly known as the 'Google Tax,' on online advertisements

FinMin launches BAANKNET, e-BKray to enhance PSU bank e-auctions

The BAANKNET portal is specifically designed to enhance transparency and speed up the process of disposing of non-performing asset cases

A Ministry of Finance for 21st century: Restructuring for future challenges

Finance ministries worldwide drive economic reforms. It's time to restructure India's to meet the challenges of tomorrow

Payments banks seek higher deposit limit, urge FinMin to raise to Rs 5 lakh

The previous increase was in April 2021, when the maximum end-of-day balance was raised from ₹1 lakh to ₹2 lakh

Income Tax Bill 2025: Centre seeks public input on bill, launches eportal

The new income tax bill seeks to modernise the tax system by simplifying it and ensuring greater transparency

FM Nirmala Sitharaman to launch PM Internship Scheme app on Monday

The FM will also launch the first facilitation centre for the Internship Scheme being set up in Kolkata by the Ministry of Corporate Affairs in collaboration with the Confederation of Indian Industry

Govt seeks Rs 51k cr cash outgo in second supplementary demand for grants

The central government seeks Parliament's approval for Rs 6.78 trillion in additional spending for FY25

Jan Vishwas Bill 2.0: Govt working to boost trust-based governance, says FM

Govt plans to bring Jan Vishwas Bill 2.0 to decriminalise over 100 provisions, said FM Sitharaman at a post-Budget webinar on 'Regulatory, Investment and EODB reforms'

Economic affairs secretary Ajay Seth gets additional charge of revenue dept

Economic affairs secretary Ajay Seth was on Saturday given additional charge of the post of secretary, Department of Revenue, according to a personnel ministry order. The vacancy was necessitated following the appointment of revenue secretary Tuhin Kanta Pandey as the chairman of the Securities and Exchange Board of India (SEBI) on February 27. Pandey on Saturday assumed charge as the chief of the Mumbai-based capital markets regulator. The competent authority has approved the assignment of the additional charge of the secretary of the Department of Revenue to Ajay Seth, secretary of the Department of Economic Affairs till the appointment of a regular incumbent, the order said.

Sitharaman urges civil accounts officers to simplify Govt's annual accounts

Finance Minister Nirmala Sitharaman on Saturday asked civil accounts services officials to work towards making the government's annual accounts more approachable and user-friendly. Addressing the 49th Civil Accounts Day event here, Sitharaman lauded the Indian Civil Accounts Service (ICAS) officers, led by the Controller General of Accounts (CGA) for the "silent technological revolution" in which states are finding a lot more ease of operation and ease of getting their government business done by adopting the public financial management system (PFMS). "I would also like you to examine, in consultation with the CAG, whether it would be possible to make the annual accounts more approachable and user-friendly and allow citizens to analyse easily and generate customisable and simpler reports," Sitharaman said. She said that since a lot of digital integration has already taken place with the states, more research can be carried out based on the data set available with the CGA. "If you're

BS Manthan: A thought-provoking day-1 of insights on economy, policies

Experts discuss India's growth, global trade shifts, climate action, EVs, defence, and more

FinMin defers performance review meeting with heads of PSU banks to Mar 5

The finance ministry has deferred performance review meeting with heads of public sector banks (PSBs) by a day to March 5. The meeting, to be chaired by Financial Services Secretary M Nagaraju, would review financial performance and progress of financial inclusion schemes, among others, sources said. Earlier, Department of Financial Services had fixed March 4 for the meeting. This is going to be the first meeting after presentation of Union Budget 2025-26 in Parliament. The 12 PSBs have posted highest-ever net profit of Rs 1.29 lakh crore in the April-December period of the current fiscal year, marking an annual increase of 31.3 per cent. The performance of PSBs has shown significant improvement on key financial parameters, like record net profit growth, improved asset quality, and build-up of adequate capital buffers, during the period under review. Further, improved asset quality is also visible from significantly low net NPA ratio at 0.59 per cent (aggregate net NPA outstandin

BS Manthan: FM Nirmala Sitharaman to speak on India in the new world order

BS Manthan 2025: Business Standard's flagship thought leadership summit returns on February 27-28, themed 'India and the Great Reset'