Shillong/Aizawl, June 19 (IANS) Mizoram Chief Minister Lalduhoma on Friday said the state has emerged as one of the leading beneficiaries of Externally Aided Projects (EAPs) in the Northeast, effectively leveraging international funding to support infrastructure development and socio-economic growth. Addressing a seminar on “Leveraging Externally Aided Projects (EAPs) in the North Eastern States,” the Chief Minister cited several major initiatives supported by international development partn…
Latest Department of Economic Affairs News & Updates
New Delhi, June 5 (IANS) The Finance Ministry on Friday said it has taken a series of measures to broaden and simplify foreign investment in Indian equities and government securities, to attract stable long-term foreign capital flows.Finance and Corporate Affairs Minister Nirmala Sitharaman in the Union Budget FY 2026-27 had announced that individual Persons Resident Outside India (PROI) will be permitted to invest in equity instruments of listed Indian companies through the Portfolio Investment…
New Delhi, June 2 (IANS) The Food Corporation of India (FCI) has rejected allegations of favouritism and promotion of monopoly in the award of silo projects, asserting that the tendering process was open, transparent and conducted to enable more companies to participate in accordance with established procurement norms.The statement was issued to contradict a report in Newslaundry portal which alleged that the Department of Economic Affairs and NITI Aayog pushed the FCI to drop an “anti-monopoly”…
New Delhi, June 2 (IANS) The government has invited applications for two whole-time member (WTM) positions at market regulator Securities and Exchange Board of India (SEBI), with the Department of Economic Affairs (DEA) setting June 30 as the deadline for submissions.In a recent notification, the DEA — which comes under the Ministry of Finance — said that selected candidates will have the option to receive pay equivalent to that of an additional secretary to the government or opt for a consoli…
New Delhi, May 27 (IANS) The Central government on Wednesday sanctioned more than 1,200 additional investigators and staff for the Enforcement Directorate (ED), marking the first major restructuring of the anti-money laundering agency in 15 years which is aimed at enhancing its operational capacity.The Finance Ministry authorised the workforce to grow from 2,029 to 3,256, strengthening the core investigation team.The increase includes 803 Assistant Enforcement Officers, 606 Enforcement Officers,…
Mumbai, March 13 (IANS) Kompella Venkata Ramana Murty, a 1991‑batch Indian Defence Accounts Service officer and former Additional Controller General of Defence Accounts, has been appointed as a whole‑time member of the Securities and Exchange Board of India (SEBI) for a three‑year term, the Department of Economic Affairs said in an official statement.The government’s Appointments Committee of the Cabinet approved Murty’s appointment for a period of three years from the date he assumes ch…
New Delhi, Feb 3 (IANS) Senior government officials on Tuesday welcomed the India-US trade deal, saying it has reduced uncertainty in the global economic environment and brought relief to Indian industry.Speaking at FICCI’s conference on Union Budget 2026–27, Secretary of the Department of Economic Affairs Anuradha Thakur said a ‘great deal of uncertainty’ was removed after the trade agreement was announced between India and the United States.“Despite growing geopolitical challenges ac…
New Delhi, Feb 2 (IANS) The Union Budget 2026–27 reinforces fiscal discipline while supporting sustained economic growth, with industry partnership playing a key role in India’s progress, Anuradha Thakur, Secretary, Department of Economic Affairs, said on Monday. Addressing a post-Budget interactive session organised by the Confederation of Indian Industry (CII) here, she said India’s economy has shown strong resilience despite global uncertainties, supported by a stable financial system t…
Mumbai, Jan 31 (IANS) India’s stock exchanges will hold a regular live trading session on the Union Budget 2026-27 on February 1, despite being a Sunday.Historically, Budget presentations were done on February 1 while markets have opened for trading even when the date fell on a weekend.Finance Minister Nirmala Sitharaman will present the Union Budget 2026‑27 at 11 am in the Lok Sabha on February 1.The National Stock Exchange said in a circular that “On account of the presentation of the Unio…
New Delhi, Jan 30 (IANS) Political reactions poured in on Friday after Union Finance Minister Nirmala Sitharaman tabled the Economic Survey 2025-26 in Parliament, with leaders across parties offering sharply contrasting assessments of the country’s economic trajectory, growth projections and sectoral challenges.Welcoming the findings, Uttar Pradesh Minister Anil Rajbhar highlighted India’s rapid rise in global economic rankings.“Facing the challenges of the Covid era, India became the worl…