New Delhi, April 23 (IANS) Pakistan has been given a list of additional conditions by the International Monetary Fund (IMF), among which the ‘most troubling demand’ is commitment to raise electricity and gas prices, a new report has said.“A ‘do more’ list with a call to ‘do it within the timeframe’ has been handed over to the Pakistan government by IMF,” among which a major demand is to amend laws governing special economic zones, said the report in The Express Tribune.The IMF wants the gove…
Latest Finance Minister News & Updates
Kathmandu, April 20 (IANS) Government employees in Nepal will now receive their salaries every 15 days, breaking the long-held tradition of monthly salary payments. As per a Finance Minister-level decision taken on April 17, government employees will be paid on a fortnightly basis (twice a month), and a circular has already been issued in the name of concerned government agencies to implement the decision.This practice is not common in most parts of the world, where government employees are gene…
Ranchi, April 14 (IANS) A fresh case of fraudulent withdrawal from a government treasury has surfaced in Jharkhand, this time in Ranchi, following similar scams in Hazaribagh and Bokaro. Around Rs 3 crore has allegedly been siphoned off from the state capital treasury, with two employees of the Institute of Animal Health and Production in Kanke accused of manipulating salary accounts to embezzle funds.Acting on the directions of the Ranchi Deputy Commissioner, Executive Magistrate Md. Zafar Hasn…
New Delhi, April 1 (IANS) Pradhan Mantri Mudra Yojana (PMMY) has sanctioned more than 52.37 crore loans disbursing a total of Rs. 33.65 lakh crore since its launch in April 2015, according to an official fact-sheet.Around 70 per cent of loans went to women entrepreneurs and about 50 per cent to borrowers from Scheduled Caste, Scheduled Tribe and Other Backward Classes, the fact-sheet said.A category‑wise breakdown of loan sanctions showed that Shishu loans account for 78 per cent of the number…
New Delhi, March 31 (IANS) With the FY26 fiscal set to end on Tuesday, investors are gearing up for several reforms, including revised Securities Transaction Tax (STT) rules that will come into effect from April 1.Many brokers, traders and demat account holders are concerned about the sharp increase in STT on futures and options (F&O) trades, following revisions announced by Finance Minister Nirmala Sitharaman in the Union Budget FY26-27. She had also proposed a significant increase in charg…
New Delhi, March 30 (IANS) The standard insurance coverage for bank locker holders is fixed at 100 times the annual locker rent in case of any loss, Finance Minister Nirmala Sitharaman said on Monday.Replying to a supplementary question in the Lok Sabha during Question Hour, FM Sitharaman clarified that banks are not allowed to check or record the valuables kept by customers in lockers, as doing so would violate banking regulations.”Because of this restriction, it is not possible to offer insura…
Kathmandu, March 27 (IANS) Nepal’s top political leaders congratulated newly-elected Prime Minister Balendra Shah, wishing him success in his tenure as the executive head of the Himalayan country. Former Prime Minister Sushila Karki wished him success in fulfilling the mandate given by the people to him and his party.In a Facebook post, Karki, who handed over the premiership to Balen, said she was happy to see a 35-year-old Prime Minister as her successor.Shah, who was considered a frontrunner t…
New Delhi, March 25 (IANS) Experts have warned that Pakistan’s economy remains highly vulnerable to global shocks due to its heavy reliance on imported fuel, weak external finances, and limited fiscal space, cautioning that the situation could worsen without urgent structural reforms.However, they said that the government’s decision to sharply raise the petroleum levy on high-octane fuel is being seen as a move with some fiscal logic, as it targets a product largely used by luxury and high-p…
Hyderabad, March 20 (IANS) Telangana Deputy Chief Minister and Finance Minister Mallu Bhatti Vikramarka on Friday presented a budget of Rs 3.24 lakh crore for 2026-27.Presenting the third full-fledged budget of the Congress government in the state Assembly, he pegged the revenue and capital expenditure at Rs 2.34 lakh crore and capital expenditure at Rs 47,267 crore respectively.“For the financial year 2026-27, I propose a total expenditure of Rs 3,24,234 crore, revenue expenditure of Rs 2,34,…
Chandigarh, March 8 (IANS) Fulfilling one of crucial poll promise of providing the financial support to every women, the Aam Aadmi Party (AAP) government in Punjab on Sunday announced a monthly assistance of Rs 1,000 for those belonging to the general category and Rs 1,500 for Scheduled Caste (SC) under the Mukhya Mantri Mawan Dhiyan Satikar Yojana, enabling 97 per cent of all adult women to avail the scheme. For this, a dedicated budgetary outlay of Rs 9,300 crore has been earmarked in 2026-27….