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New Delhi, Dec 15 (SocialNews.XYZ) The Central government on Monday rebutted fake information being circulated on social platforms, claiming that post-retirement benefits, including dearness allowance (DA) hikes and pay commission revision, will be withdrawn under the Finance Act 2025. "A message circulating on #WhatsApp claims that the Central Government has withdrawn post-retirement benefits like DA hikes and Pay Commission revisions for retired employees under the Finance Act 2025. The claim ...Read More >
The Bill aims to augment resources for meeting expenditure on national security and public health. Union Finance Minister Nirmala Sitharaman on Thursday moved The Health Security se National Security Cess Bill, 2025 in Lok Sabha for consideration and passing in the Lok Sabha. Speaking in the Lok Sabha, "I rise to move that the bill to augment the resources for meeting expenditure on national security and for public health and to levy assess for the said purposes on the machines installed or ot ...Read More >
The report highlighted LIC's May 2025 investment of USD 570 million (around Rs 5,000 crore) in Adani Ports & SEZ (APSEZ). Finance Minister Nirmala Sitharaman on Monday said her ministry does not issue advisory or directions to Life Insurance Corporation of India (LIC) regarding its investment decisions, and emphasised that the investments that the state-owned insurer made in Adani Group were as per established SOPs. India's largest insurer has, over the years, made investment decisions across ...Read More >
New Delhi, Nov 1 (SocialNews.XYZ) The government is not considering merging dearness allowance (DA) of central government employees with the basic pay, the Parliament was informed on Monday. With increasing speculation over the 8th Central Pay Commission, the Centre has clarified that no proposal is at present under consideration to give any interim relief to the central government employees. While replying to a written query in the Lok Sabha, Minister of State for Finance, Pankaj Chaudhary, s ...Read More >
New Delhi [India], November 20 (ANI): Union Minister for Finance and Corporate Affairs Nirmala Sitharaman has completed 10 rounds of Pre-Budget Consultations in New Delhi as part of the preparations for the forthcoming Union Budget 2026-27. The meetings, held over the past days, brought together representatives and experts from key sectors of the economy -- from agriculture and MSMEs to capital markets, manufacturing, services, and technology. Each consultation was attended by Union Minister o ...Read More >
For the first time, Union Finance Minister Nirmala Sitharaman on Tuesday (November 18, 2025) held a separate meeting with startup founders and representatives as part of her pre-Budget consultations. "Union Minister for Finance & Corporate Affairs Smt. @nsitharaman chairs the fifth Pre-Budget consultation with the stakeholders from the startups ecosystem in connection with the forthcoming Union Budget 2026-27, in New Delhi, today," the Ministry of Finance announced on Tuesday on its social medi ...Read More >
New Delhi, Nov 19 (PTI) Dedicated refinance window on the lines of NHB for the NBFC sector and aligning long-term capital gains tax with fixed deposits to encourage deposit mobilisation are some of asks presented before Finance Minister Nirmala Sitharaman on Wednesday during a pre-Budget meeting with the representatives of BFSI sector here. There is a need to create a dedicated refinance window for NBFCs (non-banking financial companies) to ensure a smooth and sustainable flow of funds and reso ...Read More >
Further, Rs 4.698 crore from the withheld portion of the first instalment of the Untied Grant for the Financial Year 2024-25 has also been released to an additional 26 eligible Block Panchayats. The Centre has released over Rs 223 crore under Fifteenth Finance Commission (XV FC) Grants during Financial Year 2025-26 for Rural Local Bodies in Assam. "This entails the second instalment of Untied Grants for the Financial Year 2024-25, amounting to Rs 219.24 crores. These funds are intended for all ...Read More >
New Delhi, Nov 14: The Centre has released over Rs 223 crore to bolster rural local bodies in Assam under the 15th Finance Commission grants for the financial year 2025-26, according to a statement issued by the Ministry of Panchayati Raj on Friday. This includes the second instalment of untied grants for 2024-25, amounting to Rs 219.24 crore. The funds have been allocated to all eligible 27 District Panchayats, 182 Block Panchayats and 2,192 Gram Panchayats across the state. Additionally, Rs ...Read More >
New Delhi, Nov 14 (PTI) The Union government has released Fifteenth Finance Commission (XV FC) grants during the financial year 2025-26 for rural local bodies in Assam, the Panchayati Raj Ministry said in a statement. The ministry said it entails the second instalment of untied grants of the financial year 2024-25 amounting to Rs 219.24 crore. These funds are for all eligible 27 district panchayats, all eligible 182 block panchayats and all eligible 2,192 gram panchayats of the state. Further, ...Read More >
Union Minister for Finance and Corporate Affairs Nirmala Sitharaman on Monday chaired the first pre-Budget consultation meeting with country's leading economists in New Delhi in connection with the upcoming Union Budget 2026-27. New Delhi [India], November 10 (ANI): Union Minister for Finance and Corporate Affairs Nirmala Sitharaman on Monday chaired the first pre-Budget consultation meeting with country's leading economists in New Delhi in connection with the upcoming Union Budget 2026-27. Th ...Read More >
Morigaon (Assam) [India], November 7 (ANI): Union Finance Minister Nirmala Sitharaman, accompanied by Assam Chief Minister Himanta Biswa Sarma, visited the upcoming Outsourced Semiconductor Assembly and Test (OSAT) Centre being developed by TATA Electronics at Jagiroad in Morigaon district. The visit, which took place on Thursday, marks a significant milestone in Assam's journey towards becoming a hub for advanced electronics and semiconductor manufacturing in the Northeast. Also Read | Did Ni ...Read More >
Morigaon (Assam) [India], November 7 (ANI): Union Finance Minister Nirmala Sitharaman, accompanied by Assam Chief Minister Himanta Biswa Sarma, visited the upcoming Outsourced Semiconductor Assembly and Test (OSAT) Centre being developed by TATA Electronics at Jagiroad in Morigaon district. The visit, which took place on Thursday, marks a significant milestone in Assam's journey towards becoming a hub for advanced electronics and semiconductor manufacturing in the Northeast. The TATA OSAT Cent ...Read More >
Guwahati, Nov 7 (PTI) Stating that Tata Group's upcoming semiconductor plant will put Assam in the driver seat of the engine for developed India, Union Finance Minister Nirmala Sitharaman on Friday said the state tops the list in the country for maximum utilisation of special central fund to create capital assets. Sitharaman reached Guwahati in the morning on a two-day tour, during which she is scheduled to unveil a range of projects across different places of the state. "The centre gives fund ...Read More >
New Delhi [India], November 4 (ANI): The Central Board of Indirect Taxes and Customs (CBIC), Department of Revenue, Ministry of Finance, actively engaged in the Special Campaign 5.0 from 2nd-31st October, 2025, with special focus on cleanliness, record management and disposal of e-Waste generated as per E-Waste Management Rules, 2022 of MoEFCC. According to an official statement from the Ministry of Finance, the concerted efforts of CBIC formations resulted in the achievement of several key mil ...Read More >
New Delhi [India], October 31 (ANI): Industry body India Fintech Foundation (IFF) has written to the Finance Ministry warning that more than 80% of Unified Payments Interface (UPI) transaction volumes are currently handled by just two third-party app providers (TPAPs). The group has urged policy intervention to prevent systemic concentration and ensure fair competition within India's most critical digital payments channel. In its letter, IFF said the current structure poses "systemic concentrat ...Read More >
New Delhi [India], October 31 (ANI): The official visit of Union Minister for Finance & Corporate Affairs Nirmala Sitharaman to Bhutan has been cancelled due to bad weather conditions at Paro. The visit was earlier scheduled to take place from October 30 to November 2, 2025. Sitharaman was to lead the Indian delegation from the Department of Economic Affairs on the four-day official visit, aimed at strengthening economic and financial ties between India and Bhutan. According to the Ministry's s ...Read More >
New Delhi: Againsta global backdrop characterised by economic and trade policy uncertainty, India's economy gained momentum in the second quarter of FY26, which is particularly significant, as the US imposed higher tariffs on India in August, according to the Finance Ministry's monthly report released on Monday. Various supply-side high-frequency indicators have displayed healthy trends, while demand conditions continued to improve with the GST reforms and festive season sentiments spurring con ...Read More >
NEW DELHI, Oct 27 (UNI) In its latest monthly economic review for September, the Finance Ministry maintained a strong growth outlook for FY26 amid uncertain global conditions. It said the growth will be supported by a positive demand outlook due to GST reforms, favourable monsoons, lower inflation, and monetary easing. However, the report cautioned that global uncertainties will continue to affect external demand, presenting downside risks to the growth outlook. The review by the Department o ...Read More >
India's economy is experiencing a robust boost from GST 2.0 and the festive season, with stronger consumption, increased sales across sectors, and improved consumer sentiment. Lower GST rates are driving demand and job creation, while high-frequency indicators show significant improvements, leading to upward GDP growth forecasts from the IMF and RBI. New Delhi, The rollout of GST 2.0 has started showing a positive impact on India's economy, with stronger consumption trends, higher sales across ...Read More >
New Delhi: PIB Fact Check on Monday warned internet users of an AI-manipulated video of Finance Minister Nirmala Sitharaman suggesting an investment scheme to earn Rs 60,000 in 24 hours and Rs 10 lakh a month. The fact-checking unit of Press Information Bureau (PIB) said that the video is false and misleading as it was digitally altered. "A video on Facebook falsely shows Union Finance Minister @nsitharaman promoting an 'investment program' that promises easy daily income. The Finance Minister ...Read More >
New Delhi: Against a global backdrop characterised by economic and trade policy uncertainty, India's economy gained momentum in the second quarter of FY26, which is particularly significant, as the US imposed higher tariffs on India in August, according to the Finance Ministry's monthly report released on Monday. Various supply-side high-frequency indicators have displayed healthy trends while demand conditions continued to improve with the GST reforms and festive season sentiments spurring con ...Read More >
New Delhi: Goods and Services Tax (GST) cuts are set to bolster domestic demand by easing the tax burden on consumers and businesses, spurring consumption and investment across sectors, and supporting job creation, the finance ministry said in its monthly economic review for September, released on Monday. A strong performance in industry and services, along with a stable labour market, is expected to reinforce this momentum, the ministry noted. However, it cautioned that persistent global uncer ...Read More >
New Delhi [India], October 27 (ANI): Despite United States imposing higher tariffs on India in August, the Indian economy gained momentum in the second quarter (July-September) of the current financial year, according to the Department of Economic Affairs' (DEA), finance ministry's monthly economic review. The report highlighted that against a global backdrop characterised by economic and trade policy uncertainty, India's economy continued to strengthen in Q2 FY26. Also Read | IND vs SA 2025: ...Read More >
NewsVoirBengaluru (Karnataka) [India], October 24: The Goods and Services Tax (GST) has been a game-changer in India's taxation system since its rollout in 2017. After almost two decades of deliberation and planning, the country adopted a unified tax structure aimed at simplifying the complex web of state and central taxes. But the journey of GST has been anything but smooth. With its ups and downs over the past eight years, the Indian government is now implementing Next-Gen GST Reforms in 2025. ...Read More >
NEW DELHI: Congress Saturday demanded that Parliament's Public Accounts Committee (PAC) probe the LIC after a Washington Post report claimed the state-run insurer made huge investments in Adani Group securities after they took a beating in the markets. Congress spokesperson Jairam Ramesh termed the report a "disturbing revelation" about the savings of LIC's 30 crore policyholders being "systematically misused" to benefit Adani Group. Congress president Mallikarjun Kharge took a swipe at the govt ...Read More >
NEW DELHI: The department of financial services (DFS) in the finance ministry and govt's policy think tank Niti Aayog have no role in the investment decisions of LIC, and the investment guidelines of the state-owned company are governed by board-approved policies, officials said on Saturday, adding that the insurer's exposure to the Adani Group is far less than to other conglomerates. LIC's investment in the Tata Group is estimated at Rs 1.3 lakh crore, while the exposure to the Aditya Birla Gro ...Read More >
New Delhi: The Congress party on Saturday demanded that Parliament's Public Accounts Committee (PAC) investigate the Life Insurance Corporation of India (LIC) following a US media report alleging the public sector company made significant investments in Adani Group's securities after they suffered market losses. However, the LIC denied the allegations, calling them "false, baseless, and far from the truth." The opposition party's attack was spurred by a report in The Washington Post, which, ci ...Read More >
Billionaire investor Gautam Adani, left, and Narendra Modi, the prime minister of India. (Illustration by Chelsea Conrad/The Washington Post; Bloomberg and AFP/Getty Images; documents obtained by The Washington Post) NEW DELHI -- Debt was piling up quickly this spring for Gautam Adani -- owner of a vast empire of Indian coal mines, airports, seaports and green energy ventures -- and the bills were coming due. India's second richest man, whose net worth hovers around $90 billion, had been charg ...Read More >
Thiruvananthapuram: Kerala's government has outlined an ambitious roadmap for the state's tourism sector under "Vision 2031," with Finance Minister K.N. Balagopal on Saturday highlighting the immense potential across niche tourism segments. Speaking at the state-level workshop at Marian College, Kuttikkanam, the minister said the government is implementing projects aimed at creating a major leap in tourism. "Tourism receives high priority in the State Budget," Balagopal said, emphasizing oppor ...Read More >
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