Tag: Ministry of Finance

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

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

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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 liabilities, […]

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Be vigilant against interest rate risks, Nirmala Sitharaman tells banks

Be vigilant against interest rate risks, Nirmala Sitharaman tells banks

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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” and […]

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

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

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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 third […]

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

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

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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 policy […]

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Current Account Deficit expected to deteriorate in FY23 on costlier import: FinMin Report

Current Account Deficit expected to deteriorate in FY23 on costlier import: FinMin Report

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The review also said global headwinds would continue to pose a downside risk to growth as crude oil and edibles, which have driven inflation in India, remain major imported components in the consumption basket. The review also said global headwinds would continue to pose a downside risk to growth as crude oil and edibles, which […]

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Finance Ministry asks banks to explore fintech partnership, co-lending opportunities

Finance Ministry asks banks to explore fintech partnership, co-lending opportunities

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The sources said banks were asked to expedite non-performing assets (NPAs) resolution and focus on the recovery of bad loans The sources said banks were asked to expedite non-performing assets (NPAs) resolution and focus on the recovery of bad loans The Finance Ministry has asked public sector banks to explore fintech partnerships and co-lending opportunities […]

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