New Delhi, April 9 (IANS) Looking to check cyber frauds and financial crimes, the Union Home Ministry’s Indian Cybercrime Coordination Centre (I4C) signed an Memorandum of Understanding (MoU) with the Finance Ministry’s Financial Intelligence Unit-India (FIU-IND) to enhance information sharing and coordination, an official said on Thursday.The MoU aims to enable both agencies to establish robust feedback mechanisms for enhancing fraud detection protocols at the national level, the official s…
Latest Finance Ministry News & Updates
New Delhi, April 2 (IANS) The Centre has rolled out a series of relief measures aimed at shielding Indian industry and consumers from the adverse economic impact of the Iran war, which has disrupted supply chains and hit exports.The Finance Ministry has outlined steps spanning customs duty cuts for key raw materials, export incentives, fuel price controls, and financial support mechanisms, with a focus on ensuring stability across key sectors.The Government has allowed Special Economic Zone (SEZ…
New Delhi, April 2 (IANS) The government has decided to provide full customs duty exemption on critical petrochemical products till June 30, 2026, amid the ongoing conflict in West Asia and the consequent disruptions in global supply chains, Finance Ministry said on Thursday.The measure, said the ministry in a statement, has been taken as a temporary and targeted relief in order to ensure continued availability of critical petrochemical inputs for domestic industry, reduce cost pressures on down…
New Delhi, April 1 (IANS) India’s digital payments ecosystem saw a strong comeback in March 2026, with the Unified Payments Interface (UPI) registering its highest-ever monthly transaction volume since its launch in 2016, according to data released by the National Payments Corporation of India on Wednesday.UPI processed 22.64 billion transactions in March, marking a sharp rise from 20.39 billion transactions recorded in February. The March figure also surpassed the previous high of 21.70 billi…
Kathmandu, March 31 (IANS) India emerged as the largest bilateral donor to Nepal in fiscal year 2024–25, which ended in mid-July 2025, with the southern neighbour disbursing US$107.8 million, according to a government report. According to the Development Cooperation Report 2024–25 released by the country’s Finance Ministry, the United Kingdom came second with disbursements of US$84.2 million, while USAID ranked third with US$67.1 million.Japan provided US$58.3 million, and Switzerland disb…
New Delhi, March 30 (IANS) The government on Monday kept interest rates unchanged for various small savings schemes, including public provident fund (PPF) and NSC, for the first quarter of the financial year 2026-27, starting April 1.”The rates of interest on various Small Savings Schemes for the first quarter of FY 2026-27, starting from April 1, 2026, and ending on June 30, 2026, shall remain unchanged from those notified for the fourth quarter (January 1, 2026, to March 31, 2026) of FY 2025-2…
New Delhi, March 30 (IANS) Nearly 99.92 per cent of inhabited villages in India now have a banking outlet within a five‑kilometre radius, the Parliament was informed on Monday.Further, 100 per cent villages in the Union Territory of Dadra and Nagar Haveli are covered with banking outlets within a radius of 5 kms, Minister of State for Finance Pankaj Chaudhary told the Lok Sabha in a written reply.The Jan Dhan Darshak App, a Geographic Information System (GIS) monitoring tool, shows banks, busi…
New Delhi, March 28 (IANS) Chief Economic Advisor V. Anantha Nageswaran on Saturday said that given the considerable impact of the West Asia conflict on India’s economy, the country should leverage the fallout to redouble its recent reform efforts to enhance India’s competitiveness and preparedness. The ‘entrepreneurial mindset’ in bureaucracy, accompanied by enhanced speed of decision-making, is precisely what is called for if India is to emerge from this episode stronger, more resil…
New Delhi, March 27 (IANS) The government announced on Friday that, in consultation with the Reserve Bank of India (RBI), it has decided to borrow Rs 8.20 lakh crore during the first half (H1) of the financial year 2026-27.Gross market borrowing in the Budget Estimate (BE) 2026-27 was fixed at Rs 17.20 lakh crore. Since the presentation of the Budget, switches of G-Sec were conducted, reducing gross market borrowing to Rs 16.09 lakh crore. As much as Rs 8.20 lakh crore, which works out to 51 per…
New Delhi, March 9 (IANS) A nationwide survey conducted by the Income Tax Department on 62 restaurants across 46 cities in 22 states has revealed suppression of sales amounting to around Rs 408 crore, Finance Ministry said on Monday.The I-T Department carried out investigation relating to tax evasion pattern in Food and Beverage sector in November 2025. During the exercise, it was found that several restaurants were engaged in deletion of bulk bills and other modifications to suppress the actual…