Tag: finance ministry
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…
State Banks & insurers told to cut global travel, switch to EVs in austerity push
New Delhi: The finance ministry has asked state-run banks and insurance companies to follow austerity measures, including reducing foreign travel for key executives, holding meetings…
Containing war impact on growth, current account: PMO stitching up plan to boost foreign fund flow
NEW DELHI: The Prime Minister’s Office (PMO) is coordinating with various ministries and anchoring efforts to identify fresh opportunities to bolster foreign investments and exports…
Resilient, not shock-free: India charts path through war jitters
India’s economy is beginning to feel the tremors of the West Asia conflict, as rising oil prices, disrupted trade routes and volatile capital flows ripple…