Tag: finance ministry
India willing to let fiscal deficit widen to 4.8% of GDP: Report
India is preparing for a wider-than-expected budget deficit this year, Bloomberg News reported on Friday, citing an official familiar with the matter, as the war…
India grants retrospective custom duty relief on imports of select nuclear power generation equipment
India has granted retrospective customs duty relief on specified nuclear power generation equipment imported between April 1, 2019 and January 31, 2026, shielding importers from…
Credit guarantee scheme for MFI 2.0 gets extension
New Delhi: The Centre has extended the Credit Guarantee Scheme for Microfinance Institutions-2.0 (CGSMFI-2.0) up to August or until guarantees for an amount of ₹20,000…
Firms defaulting on labour wage may face ban from govt tenders
The finance ministry has amended the General Financial Rules, allowing all central agencies to bar contractors from bidding for any government projects if they fail…
Commerce ministry raises anti-dumping duty rejection issue at ‘highest level’
New Delhi: The commerce ministry has taken up with the “highest level” the issue of a rising number of rejections by the Finance Ministry of…
Govt raises nearly Rs 20,000 crore through disinvestment, asset sales as West Asia conflict swells subsidy burden
The Centre has already mobilised close to Rs 20,000 crore through stake sales and asset monetisation in the first two months of the current financial…
What’s brewing? FinMin seeks gold lending info from banks
MUMBAI: The finance ministry has asked bullion banks to share all information on ‘gold metal loans‘ and ‘loan against gold’ since 2023, sparking conversations that…
Finance ministry economic review: Lithe policy, inflation check to keep growth healthy
New Delhi: India must maintain policy agility to safeguard its growth and keep inflation in check amid the West Asia war, the finance ministry said…
Government launches common landing portal for unclaimed financial assets
New Delhi: The finance ministry on Friday launched a single unified online platform for citizens to search and trace unclaimed bank deposits, insurance claims, shares…
Finmin pushes for wider local sourcing norm in incentive schemes
New Delhi: The finance ministry is pushing ministries to integrate domestic manufacturing and procurement requirements into incentive and subsidy schemes before seeking expenditure approval, according…