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New Delhi, Apr 8 (PTI) Finance Minister Nirmala Sitharaman on Wednesday said the Pradhan Mantri MUDRA Yojana, focused on funding the unfunded, will continue to empower entrepreneurs to make them active participants in the nation's journey to become Viksit Bharat by 2047. On the occasion of the 11th anniversary of the Pradhan Mantri MUDRA Yojana (PMMY), Sitharaman said India witnessed a silent transformation where crores of ordinary citizens stepped into entrepreneurship with newfound confidence ...Read More >
New Delhi [India], April 8 (ANI): The Pradhan Mantri MUDRA Yojana (PMMY) launched by Prime Minister Narendra Modi on April 8, 2015, is marking 11 years of success in strengthening India's grassroots entrepreneurs. This initiative has been designed to bridge the gap in financial accessibility, offering streamlined, easy collateral-free loans up to Rs 20 lakh to support small-scale business ventures for non-corporate and non-farm income-generating activities. Micro, Small, and Medium Enterprises ...Read More >
NEW DELHI: The Pradhan Mantri MUDRA Yojana (PMMY) has disbursed over Rs 40 lakh crore through 57.79 crore loans, marking 11 years of its implementation, the government said on Wednesday. The Ministry of Finance stated that the scheme which was launched by Prime Minister Narendra Modi in 2015, aimed at "funding the unfunded", provides collateral-free loans of up to Rs 20 lakh to micro and small non-corporate, non-farm enterprises. Highlighting the progress, Finance Minister Nirmala Sitharaman s ...Read More >
New Delhi, April 7 (SocialNews.XYZ) Millions of central government employees and pensioners await the outcome of the drafting committee of the National Council (Joint Consultative Machinery) on April 13 to get cues on the 8th Pay Commission salary revision, a report said on Tuesday. The drafting committee meeting scheduled for 11:00 am at the JP Choubey Memorial Library (AIRF office premises) here will review a final common memorandum and discuss pay scale revisions, annual increments, allowanc ...Read More >
New Delhi [India], April 2 (ANI): Union Home Minister Amit Shah is scheduled to move the Central Armed Police Forces (General Administration) Bill, 2026, in the Lok Sabha on Thursday, after it was passed in the Upper House of Parliament. The Bill provides for fifty per cent of posts in the CAPFs to be filled by deputation in the rank of Inspector General, and a minimum of sixty-seven per cent of the posts to be filled by deputation in the rank of Additional Director General, and all posts in th ...Read More >
Mumbai, April 1: The Ministry of Finance has formally set an 18-month timeline for the 8th Central Pay Commission (8th CPC) to submit its recommendations, a move that will impact the earnings and retirement benefits of millions of central government employees and pensioners. Constituted on November 3, 2025, the commission is tasked with reviewing the existing pay structures, allowances, and pensions. While the final report is expected by mid-2027, officials indicate that any approved salary hik ...Read More >
New Delhi [India], March 30 (ANI): Based on the data uploaded by banks on the Jan Dhan Darshak (JDD) App, almost 100 per cent of villages in the country are covered with banking outlets, informed the Finance Ministry. "99.92% villages in the country and 100% villages in the UT of Dadra and Nagar Haveli are covered with banking outlets (Bank Branch / BC / IPPB) within a radius of 05 kms (as on 06.03.2026)," according to a statement released by the Ministry of Finance. The Government endeavours ...Read More >
New Delhi [India], March 30 (ANI): Based on the data uploaded by banks on the Jan Dhan Darshak (JDD) App, almost 100 per cent of villages in the country are covered with banking outlets, informed the Finance Ministry. "99.92% villages in the country and 100% villages in the UT of Dadra and Nagar Haveli are covered with banking outlets (Bank Branch / BC / IPPB) within a radius of 05 kms (as on 06.03.2026)," according to a statement released by the Ministry of Finance. Also Read | 'King': Shah R ...Read More >
New Delhi [India], March 30 (ANI): Based on the data uploaded by banks on the Jan Dhan Darshak (JDD) App, almost 100 per cent of villages in the country are covered with banking outlets, informed the Finance Ministry. "99.92% villages in the country and 100% villages in the UT of Dadra and Nagar Haveli are covered with banking outlets (Bank Branch / BC / IPPB) within a radius of 05 kms (as on 06.03.2026)," according to a statement released by the Ministry of Finance. The Government endeavours ...Read More >
New Delhi [India], March 30 (ANI): Reserve Bank of India (RBI) endeavours to maintain sufficient liquidity in the banking system to ensure that the productive requirements of the economy, including the rural sector, are met and transmission to market rates remains robust. According to a statement released by the Finance Ministry, "the Government has taken various measures to ensure uninterrupted credit flow for rural development initiatives, including SHGs." Also Read | Rampur Shocker: Woman D ...Read More >
New Delhi [India], December 17 (ANI): Union Home Minister Amit Shah on Wednesday met newly elected Uttar Pradesh state BJP President and Union Minister of State (MoS) for Finance Pankaj Chaudhary in the national capital. Pankaj Chaudhary, a seven-time MP from Maharajganj since 1991, has succeeded Bhupendra Singh Chaudhary, who was appointed state BJP president in August 2022. Also Read | Maharashtra: Arrest Warrant Issued Against State Minister Manikrao Kokate After 2-Year Sentence in Housing ...Read More >
MUMBAI, Dec 16: The rupee hit a record low, breaching 91 against the US dollar, settling at 90.93 on Tuesday, amid widening trade deficits and delays in the India-US trade deal. The currency has fallen about 1% in the past five sessions and 5.1% so far this year. Finance Minister of State Pankaj Chaudhary noted the depreciation may boost export competitiveness but could raise import costs. Analysts expect the rupee could touch 92 without RBI intervention. The decline coincided with FII equity ...Read More >
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 Bharatiya Janata Party has appointed Pankaj Chaudhary as its Uttar Pradesh unit chief, a move signalling a strategic intent for caste consolidation and organizational rebuilding. Chaudhary's leadership aims to strengthen the party's position for the upcoming 2027 Assembly elections. New Delhi: The Bharatiya Janata Party's decision to appoint Union Minister Pankaj Chaudhary as its Uttar Pradesh unit chief signals a clear political intent, aimed at caste consolidation, internal balancing and ...Read More >
Lucknow, Dec 14 (PTI) Union Minister of State for Finance Pankaj Chaudhary was on Sunday named the new president of the BJP's Uttar Pradesh unit, with his election being formally announced by Union Minister Piyush Goyal here. The announcement was made in the presence of Chief Minister Yogi Adityanath and Deputy Chief Ministers Keshav Prasad Maurya and Brajesh Pathak. Chaudhary filed his nomination for the post on Saturday and was the sole candidate in the fray. He submitted the papers to forme ...Read More >
Lucknow (Uttar Pradesh) [India], December 14 (ANI): Union Minister of State Pankaj Chaudhary on Sunday was elected as the Bharatiya Janata Party's Uttar Pradesh state president. Senior party leaders, including Union Minister Piyush Goyal, Uttar Pradesh CM Yogi Adityanath and other BJP leaders, congratulated him at a felicitation programme here. Also Read | 'Vote Chor, Gaddi Chhod' Rally: Congress Workers Raise Derogatory Slogans Against PM Narendra Modi During 'Vote Chori' Protest in Delhi. P ...Read More >
Lucknow, Dec 14 (SocialNews.XYZ) Union Minister of State for Finance Pankaj Chaudhary has been unanimously elected as the Uttar Pradesh BJP president, Union Minister Piyush Goyal announced on Sunday amid loud cheers at the party headquarters in Lucknow. "Today, on December 14, I am very happy to announce that Pankaj Chaudhary has been unanimously elected as the Uttar Pradesh BJP president. It gives me great happiness to make this announcement," Goyal said, addressing the gathering. After this, ...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 >
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 >
Indore (Madhya Pradesh): Union minister of state for finance Pankaj Chaudhary on Monday described GST 2.0 as a 'GST Savings Festival.' He emphasised that the government was now reaching out directly to the people to understand their issues and suggestions. Interacting with the local businessmen and industrialists, he assured that constructive feedback would continue to shape future reforms under GST 2.0. He also highlighted the Government of India's efforts toward tax simplification. The meeti ...Read More >
Indore, Sept 29 (PTI) The recent GST reforms will spur market consumption and boost the domestic economy, Minister of State for Finance Pankaj Chaudhary said on Monday. He said the impact of these reforms will be known in the next four to six months. Chaudhary interacted with businessmen, entrepreneurs, and tax experts in Indore regarding the Goods and Services Tax reforms. "Prime Minister Narendra Modi believes that when GST reforms bring additional money into the hands of the common people, ...Read More >
New Delhi: The Hon'ble President of India, Smt. Droupadi Murmu, conferred the SCOPE Eminence Awards at Vigyan Bhawan, New Delhi. The event was organized by the Standing Conference of Public Enterprises (SCOPE), with the support of the Department of Public Enterprises (DPE), Ministry of Finance and was held in the presence of Shri Pankaj Chaudhary, Minister of State for Finance and Shri K. Moses Chalai, Secretary, DPE; Shri K. P. Mahadevaswamy, Chairman, SCOPE, and Shri Atul Sobti, Director Gener ...Read More >
MUMBAI, Aug 11 (Reuters) - About 55% of India's merchandise exports to the United States will be subject to the tariff imposed by President Donald Trump's administration, the Indian government said on Monday. Last week, Trump imposed an additional 25% tariff on Indian goods as punishment for Delhi's purchases of Russian oil. That raised the total duty on Indian exports to the U.S. to 50% - among the highest on any American trading partner. The Indian government had taken into account the 25% t ...Read More >
New Delhi: A total of 1.3 lakh minors have been enrolled under the NPS Vatsalya Scheme, the Union government informed the Parliament. In a written reply in the Lok Sabha, Minister of State for Finance Pankaj Chaudhary said that 130 thousand minor subscribers are registered under the NPS Vatsalya Scheme from September last year till August 3. The NPS Vatsalya Yojana, also known as the National Pension System Vatsalya, is a retirement savings scheme designed for minor children in India. Also Re ...Read More >
India's UPI system, despite its global success, faces backlash as small vendors receive GST notices based on digital transaction data. This has led to a shift back to cash transactions, with vendors fearing tax scrutiny. Concerns rise that aggressive formalisation efforts may push the informal economy further underground, undermining the goals of financial inclusion and transparency. By all official accounts, India's digital payments revolution is a runaway success. The Unified Payments Interfa ...Read More >
New Delhi, May 23 (PTI) The GST Council is likely to meet soon to discuss rate simplification and rationalisation and the future of compensation cess, according to a source. "There are three or four different aspects relating to making GST simpler. We will take up the issue of compensation cess, rate rationalisation and simplification," the source said. The GST Council, chaired by Union Finance Minister and comprising state counterparts, in its meeting in December last year, did not take up th ...Read More >
New Delhi, Dec 12 (PTI) The government on Thursday sought Parliament's nod for additional net cash spending of Rs 44,143 crore in the current fiscal. The first batch of Supplementary Demands for Grants for 2024-25 was tabled in the Lok Sabha by Minister of State for Finance Pankaj Chaudhary to seek approval of Parliament to authorise gross additional expenditure of Rs 87,762.56 crore. Of this, the proposals involving net cash outgo aggregate to Rs 44,142.87 crore and gross additional expenditu ...Read More >
New Delhi, Dec 3 (PTI) Finance Minister Nirmala Sitharaman will commence customary pre-Budget consultations with various stakeholders beginning Friday. As part of the process, she will meet eminent economists on December 6 to seek their inputs regarding upcoming Budget amid seven-quarter low GDP print of 5.4 per cent recorded in the second quarter of the current financial year. Also Read | Pune Shocker: Bike Rider Dragged for 2 Kilometres on Bonnet of Car in Pimpri Chinchwad; 3 Booked. It wil ...Read More >
New Delhi, Dec 3 (PTI) Finance Minister Nirmala Sitharaman will commence customary pre-Budget consultations with various stakeholders beginning Friday. As part of the process, she will meet eminent economists on December 6 to seek their inputs regarding upcoming Budget amid seven-quarter low GDP print of 5.4 per cent recorded in the second quarter of the current financial year. It will be followed by a meeting with farmer associations and agriculture economists and stakeholders in MSME sector ...Read More >
Rupee has maintained its position as one of the best performing Asian currencies, despite the ongoing challenges and geopolitical crisis in the Middle East. Pankaj Chaudhary, Minister of State for Finance on Monday said that this stance indicates India's strong economic fundamentals. In a written reply in the Lok Sabha, he mentioned that Rupee's is market-determined, not limited to any target or specific level. He noted that, as of November 19, 2024, the domestic currency had dropped 1.4 perce ...Read More >
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