Page 7 - Finance Ministry

Govt flags bank staff safety, services operations to chief secretaries

Writes to chief secys after incidents of people behaving inappropriately with bankers

Finance ministry may seek lower energy rates for green steel incentives

India, the world's biggest steel producer after China and a key green house gas emitter, has been working on a green steel policy to decarbonise production of the alloy

FM flags drug menace as major national threat, seeks stronger DRI action

Nirmala Sitharaman says drug trafficking is the biggest threat to the nation, urging DRI to target criminal masterminds and coordinate with state police more effectively

Grameen Credit Score framework likely to be launched in next 3 months

The GCS is expected to serve as a supplementary tool to existing credit bureaus, allowing banks, microfinance institutions, and other lenders to better evaluate the creditworthiness of rural borrowers

Draft gold loan norms: FinMin seeks exemption for small-ticket borrowers

DFS suggests exemption for borrowers under ₹2 lakh from RBI's proposed gold loan norms, with implementation timeline set for January 2026

Muthoot Finance soars 7% as FinMin seeks exemptions for gold loan norms

Shares of Muthoot Finance rose nearly 7 per cent on Friday after the government asked RBI to ensure small borrowers are not affected

Finance Ministry cold to Bharti Airtel plea on dues-to-equity switch

If Airtel's request is accepted, the government would have 2 to 4 per cent equity in the telco

Tariff suspense a key risk to Indian economy, says finance ministry

FinMin report flags India Inc's foreign investments

India should leverage strengths to be indispensable to investors: FinMin

Finance Ministry highlights macro stability, low inflation and monsoon outlook as strengths while warning of global risks and the need for strategic trade agreements

FM Sitharaman visits Pine Labs Noida office, lauds India's fintech sector

During her visit to Pine Labs in Noida, FM Sitharaman praised India's fintech sector for delivering secure and inclusive digital financial services to MSMEs and merchants

FinMin asks sponsor banks to draft 5-year growth plan for RRBs

The finance ministry has also asked the sponsor banks of RRBs to submit action plans for expansion of branches and business of RRBs in the next five years

Deposit insurance cap hike likely soon, may go beyond ₹5 lakh in 6 months

The deposit insurance limit refers to the amount of savings in bank deposits whose safety is assured if a lender goes bankrupt

Finance Ministry calls for joint effort to cut backlog at debt tribunals

The Finance Ministry on Saturday urged all stakeholders to collaborate in reducing pendency of cases at debt recovery tribunals (DRTs) by establishing an effective recovery ecosystem. This would facilitate the redeployment of capital locked in cases pending before DRTs for productive use in the economy, the finance ministry said in a statement. During a colloquium of Chairpersons of Debt Recovery Appellate Tribunals (DRATs) and Presiding Officers of Debt Recovery Tribunals (DRTs) organised by the Department of Financial Services (DFS), the Ministry of Finance also discussed effective implementation of DRT Regulations, 2024 and prioritisation of high value cases in DRTs for optimal recovery. Justice S V N Bhatti, Judge of the Supreme Court of India, graced the meeting which was also attended by senior officers of the DFS, representatives of various public and private sector banks and Indian Banks' Association. DFS Secretary M Nagaraju highlighted various key initiatives taken by the

Finance ministry pulls up public-sector banks over staff misconduct

Ministry asks lenders to strengthen handling customer grievances following several incidents

DoT once again knocks on finance ministry's door to repay MTNL debt

The total outstanding dues to the PSBs of MTNL is Rs 8,415.55 crore

Govt gives stockbrokers flexibility in group companies' investments

The DEA has amended Rule 8 of SCRR to clarify that brokers can invest in group companies using own or borrowed funds without breaching rules if liabilities are limited

Finance ministry considers 10% duty on key telecom gear amid tax disputes

Plans new product classification for items at heart of Samsung, Nokia cases

Now hiring: Centre to fill 25 top posts in financial institutions soon

FSIB will conduct interviews and prepare the shortlist

AI regulation needs global cooperation, not isolated moves: Sitharaman

Speaking in Milan, Finance Minister Nirmala Sitharaman said a single-country approach to AI regulation risks failure as technology transcends national boundaries

Govt brings draft framework of 'India's Climate Finance Taxonomy'

The finance ministry's draft taxonomy aims to guide climate-aligned investments across power, mobility, buildings, MSMEs and hard-to-abate sectors