Tag: finance ministry
Finance Ministry rejects US pressure claims over new UPI MDR, says RuPay has no special edge
The Finance Ministry on Thursday rejected allegations that US pressure influenced the decision to impose a 0.4% Merchant Discount Rate (MDR) on select UPI payments,…
Finance Ministry rejects foreign influence claims over UPI MDR, says India’s digital payments decisions are made independently
The finance ministry on Wednesday rejected claims that foreign pressure influenced the decision to impose a 0.4% Merchant Discount Rate (MDR) on UPI transactions above…
Budget 2027: Finance Ministry sets October 12 for pre-Budget meetings, seeks spending and revenue plans
The Finance Ministry has directed central ministries and departments to prepare realistic expenditure and revenue estimates for the 2027-28 Union Budget, with a focus on…
FinMin asks govt entities against setting high turnover, payroll criteria in GeM consultancy tenders
New Delhi: The Finance Ministry has advised central government entities procuring consultancy services through the GeM portal against prescribing excessively high turnover and payroll requirements,…
Centre releases Rs 1.09 lakh crore to states, advances August tax devolution
New Delhi: The Centre on Saturday released ₹1.09 lakh crore in tax devolution to states, advancing this month’s transfer to strengthen their cash flows and…
Finance ministry calls for faster policy action to sustain growth amid global uncertainty
The finance ministry on Wednesday stressed the need for faster policy responses and stronger implementation to attract both domestic and foreign investment, Times of India…
Govt approves RBI’s trials of ₹10, ₹20 polymer notes; no plan to replace paper currency
The Centre has approved the Reserve Bank of India’s proposal to introduce polymer banknotes in ₹10 and ₹20 denominations for field trials, but said there…
Govt extends additional investment choices under NPS to autonomous bodies
New Delhi, The government on Tuesday said it has extended two additional investment choices under the National Pension System (NPS) to employees of central autonomous…
4,11,000 credit guarantees issued under ECLGS 5.0 to biz hit by West Asia crisis
The new emergency credit guarantee programme, launched by the Centre in May to support small businesses facing short-term liquidity stress linked to the West Asian…
ECLGS 5.0 crosses 4.11 lakh guarantees, extends Rs 1.55 lakh crore support to firms hit by West Asia crisis
The government’s Emergency Credit Line Guarantee Scheme (ECLGS) 5.0 has issued more than 4.11 lakh guarantees worth over Rs 1.55 lakh crore to businesses impacted…