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New Delhi, Oct 25: The Congress, on Saturday, demanded that Parliament's Public Accounts Committee (PAC) investigate the Life Insurance Corporation (LIC) following an US media report that the public sector company made huge investments in Adani Group's securities after they took a beating in the markets. However, the LIC denied the allegations as "false, baseless, and far from the truth". Congress general secretary in-charge of communications Jairam Ramesh alleged the savings of LIC's 30 crore ...Read More >
New Delhi, Oct 25 (SocialNews.XYZ) The government has issued a new notification towards bringing a major reform in the customs exemption framework towards ease of doing business. The new notification by Ministry of Finance (Department of Revenue) rationalises and harmonises existing customs duty exemptions across various sectors. The Central Board of Indirect Taxes and Customs (CBIC) has consolidated 31 separate Customs Duty notifications into a single comprehensive document. The sectors covere ...Read More >
The Life Insurance Corporation of India (LIC) on Saturday denied the allegations made in a report by The Washington Post, which claimed that the company's investment decisions were influenced by external factors. It accused the report of trying to damage its reputation. The report alleged that Indian officials had drafted a proposal to channel nearly USD 3.9 billion (about Rs 32,000 crore) from LIC into companies owned by the Adani Group. Refuting the claims, LIC stated, "No such document or p ...Read More >
New Delhi, Oct 25 (SocialNews.XYZ) The Life Insurance Corporation of India (LIC) on Saturday denied false reports by The Washington Post, reaffirming all investments are made with integrity and due diligence. In a rebuttal to the article, LIC said the allegations leveled by The Washington Post that the investment decisions of LIC are influenced by external factors are "false, baseless, and far from truth". "No such document or plan as alleged in the article has ever been prepared by LIC, which ...Read More >
"We must build a system that helps vendors graduate from one tranche to the next, with ease and confidence," said the Minister. In a significant step toward strengthening urban livelihoods and deepening financial inclusion for informal workers, Union Minister of Housing and Urban Affairs, Shri Manohar Lal, chaired a high-level review meeting in New Delhi on the implementation of the PM Street Vendor's AtmaNirbhar Nidhi (PM SVANidhi) Scheme. The meeting brought together representatives from 33 S ...Read More >
New Delhi [India], October 24 (ANI): The Union Minister of Housing and Urban Affairs, Manohar Lal, chaired a review meeting on the implementation of the PM SVANidhi Scheme with representatives of 33 States and Union Territories, senior officials from the Ministry of Housing and Urban Affairs (MoHUA) & Department of Financial Services (DFS), and major Banks/SLBC Conveners, in New Delhi on Friday, an official statement said. The review was held following the recent Cabinet approval for the restru ...Read More >
New Delhi: The government has approved the extension of two investment options, Life Cycle and Balanced Life Cycle, to central government employees under the National Pension System (NPS) and the Unified Pension Scheme (UPS), the finance ministry said on Friday. This is in line with the continued demand from Central Government employees for a broader range of investment options similar to those available to non-government subscribers. These options are designed to enhance flexibility in retirem ...Read More >
New Delhi, Oct 23 (PTI) Defence Minister Rajnath Singh on Thursday unveiled a new manual to simplify and rationalise the revenue procurement process for the armed forces. The Defence Procurement Manual (DPM) 2025 will come into effect from November 1. The revenue procurement by the defence services and other organisations under the defence ministry is regulated by the DPM. It was last promulgated in 2009. "Effective from November 1, the new procurement manual will facilitate the revenue procu ...Read More >
New Delhi, October 23: Finance Minister Nirmala Sitharaman highlighted on Thursday that the unified payments interface (UPI) platform processed 754 million payments worth Rs 1.02 lakh crore on October 18, marking the highest single-day tally, as consumer demand surged due to the GST rate cuts. During the three-day period between Dhanteras and Diwali, the average UPI volumes stood at 736.9 million -- higher than 647.46 million in the corresponding period a month ago, the Finance Minister said. " ...Read More >
New Delhi: The Pension Fund Regulatory and Development Authority of India has come out with a discussion paper proposing a dual valuation approach for the securities held in scheme portfolios of National Pension System (NPS) and Atal Pension Yojana (APY). The framework aims to present pension wealth accumulation more clearly to subscribers while ensuring long-term financial stability and economic relevance, the regulator said in the discussion paper titled 'Alignment of Valuation Guidelines wit ...Read More >
Senior union ministers credit GST overhaul for lifting consumer sentiment, driving double-digit growth in electronics and sparking broad-based festive demand. New Delhi: Senior Union ministers on Saturday said the Next Gen GST Reforms, rolled out on 22 September 2025, are already producing wide-ranging benefits. From cheaper daily-use goods to record-high electronics and automobile sales, setting the stage for stronger consumption and investment growth in the months ahead. Commerce and Industr ...Read More >
"BSNL and @DoT_India are working closely with the private operator to ensure that services are restored for the remaining fishermen as per their requirements," Sitharaman said. New Delhi: Union Finance Minister Nirmala Sitharaman on Monday said that the Inmarsat satellite phone services has been restored for over 30 fishermen from Tamil Nadu who were stranded at sea. The British satellite telecommunications company restored satellite phone services after interventions from the Department of Te ...Read More >
The agency said that they have arrested a key person in the case and questioned him to get leads on others involved in the illegal import of Chinese-origin fireworks into India. The Directorate of Revenue Intelligence (DRI) intercepted a 40 feet container at Nhava Sheva port in Navi Mumbai on Sunday and seized Chinese-origin firecrackers and fireworks worth Rs 4.82 crore. The agency said that they have arrested a key person in the case and questioned him to get leads on others involved in the ...Read More >
New Delhi, Oct 19 (PTI) The Election Commission has reactivated its economic intelligence panel after a gap of six years to curb the use of money, liquor and drugs to influence voters ahead of the Bihar polls. The Multi-Departmental Committee on Election Intelligence (MDCEI) met here on Friday for the first time since 2019 to fine-tune the strategy of enforcement agencies and central police forces to prevent the use of money power and freebies to sway voters in poll-bound Bihar. The committee ...Read More >
The Bombay Chartered Accountant Society (BCAS) has urged the Union Finance Ministry to extend the due date for filing GSTR-3B returns for September 2025, citing its clash with the Diwali festive period. The current statutory deadline of October 20, 2025, falls immediately after Sunday, October 19 -- right in the middle of the major festival week when offices across the country are closed. In its representation dated October 8, 2025, BCAS said the overlap between the filing date and Diwali festi ...Read More >
New Delhi [India], October 19 (ANI): The Central Board of Indirect Taxes and Customs has extended the GSTR-3B filing deadline to October 25, 2025, for both monthly filers (September 2025) and quarterly filers. This extension by CBIC was announced via Notification No. 17/2025 - Central Tax, dated 18.10.2025. Also Read | Rachel Zegler To Star in Biopic of Cuban-American Singer-Songwriter and Actress Gloria Estefan. GSTR-3B is a monthly self-declared summary return that taxpayers must file under ...Read More >
Bhubaneswar (Odisha) [India], October 19 (ANI): The Odisha government has announced that all Registrar and Sub-Registrar offices across the state will remain closed on Monday after declaring October 20 an additional holiday, as Diwali falls on that day. All government offices and magisterial courts, except those in Nuapada district, will remain closed. In lieu of this, the fourth Saturday (October 25) has been declared a working day. Also Read | Raju Bista's Convoy Attacked by Miscreants in We ...Read More >
Bhubaneswar (Odisha) [India], October 19 (ANI): The Odisha government has announced that all Registrar and Sub-Registrar offices across the state will remain closed on Monday after declaring October 20 an additional holiday, as Diwali falls on that day. All government offices and magisterial courts, except those in Nuapada district, will remain closed. In lieu of this, the fourth Saturday (October 25) has been declared a working day. According to an official notification issued by the Departme ...Read More >
Finance minister Nirmala Sitharaman has asked rural banks to leverage the consumption boost from lower goods and services tax rates to boost credit in semi-urban and rural areas. The rationalisation of GST rates has opened new opportunities in rural areas due to an increase in consumption, an indication of more bank funding, Sitharaman said, while chairing a meeting to review the business performance of the Karnataka Grameena Bank (KaGB) at Ballari on October 16. "...the rural banks should lev ...Read More >
The Ministry of Mines has released the State Mining Readiness Index. This initiative promotes reforms in the mining sector. States are ranked based on their mineral endowment. Madhya Pradesh, Rajasthan, and Gujarat lead Category A. Goa, Uttar Pradesh, and Assam are top in Category B. Punjab, Uttarakhand, and Tripura lead Category C. New Delhi, The Ministry of Mines on Thursday released the State Mining Readiness Index and state rankings to promote reforms in the mining sector, in line with comm ...Read More >
BENGALURU, Oct 15 (Reuters) - The Indian city of Ahmedabad in the state of Gujarat has been recommended as the host city for the 2030 Centenary Commonwealth Games, the Commonwealth Sport Executive Board said on Wednesday. The board said it will propose Ahmedabad, also known as Amdavad, in the western Indian state of Gujarat, to the full Commonwealth Sport membership for approval at the General Assembly in Glasgow on November 26. The recommendation follows an evaluation process of candidate cit ...Read More >
Dehradun (Uttarakhand) [India], October 17 (ANI): Under the "State Mining Readiness Index (SMRI)" scheme introduced by the Government of India, Uttarakhand has secured second place in Category-C at the national level, earning an incentive grant of ₹100 crore, said a release issued by the State government. The Ministry of Mines has unveiled the State Mining Readiness Index (SMRI) and the state-level rankings. According to the official communication from the Union Ministry of Mines, SMRI is a key ...Read More >
She said the Centre has increased the MSP of various food grains and pulses. Union Finance Minister Nirmala Sitharaman during her visit to Karnataka assured the farmers of all assistance to improve their income from agriculture. Speaking at the inauguration of the Farmers Training and Common Facility Centre at Jawalgera village of Raichur district in Karnataka, the Finance Minister said farmers have been provided soil health cards and fertilizers along with financial assistance through various ...Read More >
Finance Minister Nirmala Sitharaman on Thursday assured farmers that the government will continue support to improve their income. She inaugurated the Farmers' Training and Common Facility Centre in Karnataka's Raichur district aimed at boosting the pulse value chain and empowering farmers. Sitharaman highlighted Raichur's potential as an Aspirational District, part of the NITI Aayog's programme to develop districts with untapped potential. She said that Raichur ranked number one among 112 aspi ...Read More >
Chennai, March 13 (IANS) Tamil Nadu Chief Minister M.K. Stalin's decision to remove the rupee symbol (₹) from the logo of the state's 2025-26 Budget, which will be presented in the Assembly on Friday, has sparked widespread criticism. Union Finance Minister Nirmala Sitharaman is among the latest to condemn the move. Taking to social media platform X, she criticised the DMK government, calling it "a completely avoidable example of language and regional chauvinism". She also said that the decis ...Read More >
The Supreme Court has sought responses from the Centre, SEBI, and other stakeholders on Sahara India Commercial Corporation Ltd's plea to sell 88 prime properties to Adani Properties. The court ordered the Ministries of Finance and Cooperation to be made parties and requested the amicus curiae to collate details of the properties, including any disputes. New Delhi, The Supreme Court on Tuesday sought the response of the Centre, the Securities and Exchange Board of India (SEBI) and other stakeho ...Read More >
Koppal: Union finance minister Nirmala Sitharaman is set to visit the districts in the Kalyana Karnataka region from Oct 15 to 17 to inaugurate several projects. She will officially launch various initiatives in Koppal on Oct 15, in Ballari on Oct 16, and in the Vijayanagara district on Oct 17. She will unveil projects that were developed with funding from the Union govt, as well as those that are still in progress. Among the projects, the finance minister will inaugurate a cold storage facility ...Read More >
India formally adopted an inflation targeting (IT) framework in 2016, following the recommendations of the Urjit Patel Committee in 2014 and the subsequent Monetary Policy Framework Agreement of 2015 between the Government and the Reserve Bank of India. The idea of a Monetary Policy Committee (MPC) with an inflation-targeting mandate had already been put forward by the Financial Sector Legislative Reforms Commission (FSLRC) in 2013, chaired by Justice BN Srikrishna. Since its formal adoption in ...Read More >
Lack of further action on the summons issued by the Enforcement Directorate (ED) to Chief Minister Pinarayi Vijayan's son, Vivek Kiran, in 2023 in connection with the LIFE Mission money-laundering case is the result of an "unholy nexus" between the Communist Party of India (Marxist) [CPI(M)] and the Bharatiya Janata Party (BJP), Congress Working Committee member Ramesh Chennithala, MLA, has said. Speaking to reporters on Saturday, Mr. Chennithala said the Chief Minister's son appeared to enjoy ...Read More >
Starting October 8, India will allow users to authenticate Unified Payments Interface (UPI) transactions through facial recognition and fingerprints, using Aadhaar-based biometric data, sources said. The move follows new RBI guidelines permitting alternative authentication methods and replaces the current PIN-based system. The NPCI plans to showcase the feature at the Global Fintech Festival in Mumbai. India will allow users to approve payments made through popular domestic payments network, th ...Read More >
Stay updated with the latest None news, articles, and insights from trusted sources. Explore in-depth coverage and expert analysis on None topics.