Finance Ministry, RBI working on portal to help citizens claim unclaimed assets: DFS Secretary

[ad_1] The campaign launched by the Department of Financial Services under the Finance Ministry, in coordination with the Reserve Bank of India (RBI), Insurance Regulatory and Development Authority of India (Irdai), Securities and Exchange Board of India (Sebi), and the Investor Education and Protection Fund Authority (IEPFA) under the Ministry of Corporate Affairs. | Photo […]

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Timely access to justice: Tax experts praise government’s operationalisation of GST Appellate Tribunal

[ad_1] In a notification dated September 17, the Ministry of Finance notified that appeals against orders communicated before April 1, 2026, can be filed up to June 30, 2026. | Photo Credit: Getty Image/iStockPhoto In a further step towards making the crucial Goods and Services Tax Appellate Tribunal (GSTAT) functional, the government has notified the […]

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Finance Ministry’s financial inclusion push sees 61 lakh new bank accounts, 2.6 crore insurance enrolments so far

[ad_1] People waiting in a queue to get relief amount under Pradhan Mantri Jan-Dhan Yojana, at a bank in Vijayawada. | Photo Credit: K.V.S. Giri In the last 2.5 months, the Ministry of Finance has opened more than 61 lakh new bank accounts, and has created more than 2.6 crore fresh enrolments in its three […]

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Making India’s climate taxonomy framework work

[ad_1] In May this year, the Ministry of Finance released India’s draft Climate Finance Taxonomy for public consultation. As a foundational tool, the taxonomy aims to mobilise climate-aligned investments, prevent greenwashing, and clarify for investors which sectors, technologies and practices contribute to mitigation, adaptation, or transition. Importantly, the document calls itself a “living” framework, adaptable […]

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Centre moots two-rate GST system as part of PM Modi’s ‘Diwali gift’

[ad_1] Representational image only. | Photo Credit: Getty Images/iStockphoto Prime Minister Narendra Modi’s “Diwali gift” to the people of India, of reforms to the Goods and Services Tax (GST) system, will likely be across three pillars — structural reforms, rate rationalisation, and ease of living — and could entail a shift to a two-rate GST […]

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Finance Ministry instructs RBI to ensure gold loan rules do not adversely impact small borrowers

[ad_1] Photo used for representation purpose only. | Photo Credit: The Hindu The Ministry of Finance has asked the Reserve Bank of India to ensure that the central bank’s draft regulations on gold loans do not adversely impact small gold loan borrowers, and has noted that the new rules would be suitable to be implemented […]

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Government’s total liabilities rise 2.6% to ₹150.95 lakh crore in Q3 FY23: Report

[ad_1] Representational image only. | Photo Credit: Twitter/@FinMinIndia The government’s total liabilities rose to ₹150.95 lakh crore in December quarter from ₹147.19 lakh crore in the three months ended September 2022, according to the latest public debt management report. The increase reflects a quarter-on-quarter increase of 2.6% in October-December 2022-23. In absolute terms, the total […]

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Be vigilant against interest rate risks, Nirmala Sitharaman tells banks

[ad_1] Union Finance Minister Nirmala Sitharaman chairs a meeting to review the performance of Public Sector Banks in New Delhi on March 25, 2023. Photo: Twitter/@nsitharamanoffc via ANI Amid fears of contagion effects from banking crises in the U.S. and Europe, Finance Minister Nirmala Sitharaman has asked banks to remain vigilant about “interest rate risks” […]

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Allow India to export foodgrains from public stock to needy nations: FM Nirmala Sitharaman to World Trade Organization

[ad_1] Finance Minister Nirmala Sitharaman was speaking at a seminar on ‘Strengthening global collaboration for tackling food insecurity’ on sidelines of the third G20 Finance Ministers and Central Bank Governors meeting in Bali, Indonesia. Finance Minister Nirmala Sitharaman was speaking at a seminar on ‘Strengthening global collaboration for tackling food insecurity’ on sidelines of the […]

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India’s long-term growth prospects embedded in public capital expenditure programmes: FM Nirmala Sitharaman

[ad_1] Finance Minister Nirmala Sitharaman while attending the third G20 Finance Ministers and Central Bank Governors meeting hosted by Indonesia in Bali, said evidence-based policy making is vital for resilient economic systems. Finance Minister Nirmala Sitharaman while attending the third G20 Finance Ministers and Central Bank Governors meeting hosted by Indonesia in Bali, said evidence-based […]

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