New Delhi, June 22 (IANS) The government on Monday trashed reports that it was planning an offer for sale of shares in Cochin Shipyard Ltd as part of the disinvestment programme. “No stake sale is planned in Cochin Shipyard at present,” a Finance Ministry official said, The clarification came after media reports, citing sources, said the Centre was considering an offer for sale (OFS) of a 6 per cent to 8 per cent stake in Cochin Shipyard. The reports said the transaction could raise more than Rs…
Latest Finance Ministry News & Updates
New Delhi, June 20 (IANS) In a significant development, Vivek Aggarwal, Secretary, Ministry of Culture, has been elected and appointed Vice-President of the Financial Action Task Force (FATF), according to an official statement.This is the first time that India will hold the Vice-Presidency of the FATF. Aggarwal will work towards solidifying India’s leadership in the FATF forum, the statement added.“This appointment is a recognition of India’s collective effort and of the strength of our a…
New Delhi, June 10 (IANS) The Central Government has extended the Credit Guarantee Scheme for Microfinance Institutions-2.0 (CGSMFI-2.0) up to August 31, 2026, or till guarantees for an amount of Rs 20,000 crore are issued, whichever is earlier.The Government has also approved an increase in the maximum loan amount cap for large-sized NBFC-MFIs/MFIs from Rs 300 crore to Rs 1,000 crore under the overall ceiling of 20 per cent of Assets Under Management (AUM), according to a statement issued by th…
New Delhi, June 9 (IANS) Union Education Minister Dharmendra Pradhan said on Tuesday that the various ministries of the Central government are undertaking all possible precautions to ensure that the NEET-UG re-examination is conducted without any irregularities. He added that the Chief Ministers and administration of all states are also cooperating.The NEET-UG re-examination is scheduled to be held on June 21, following alleged discrepancies in the earlier May 3 examination.Speaking to reporters…
Mumbai, June 8 (IANS) The Nationalist Congress Party (NCP) has postponed its 27th Foundation Day event to Thursday, June 11, as Prime Minister Narendra Modi has convened a crucial meeting of the National Democratic Alliance (NDA) in New Delhi on Wednesday, June 10.NCP state president and MP Sunil Tatkare shared the information at a press conference on Monday.The high-level NDA meeting in the national capital will be attended by alliance partners, Chief Ministers, Deputy Chief Ministers and key l…
New Delhi, June 5 (IANS) The current government led by Prime Minister Narendra Modi is committed to further drive the “Reform Express” with decisive policy measures to ensure positive economic momentum amidst global challenges, Finance Minister Nirmala Sitharaman said on Friday.FM Sitharaman remarks came as official data showed that India’s economy expanded at a robust pace in FY 2025-26, with real GDP estimated to grow by 7.7 per cent and real Gross Value Added (GVA) rising by 7.9 per cen…
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, 1 June (IANS) The Government of India has received ₹2,12,679 crore, which represents 5.8 per cent of the total receipts for the corresponding BE 2026–27, for April this year. This comprises ₹1,78,492 crore of tax revenue (Net to Centre), ₹24,293 crore of non-tax revenue, and ₹9,894 crore of non-debt capital receipts on account of loan recoveries, according to a finance ministry statement issued on Monday. The monthly review of the Centre’s accounts also shows that ₹87,77…
New Delhi, May 31 (IANS) India-Oman Comprehensive Economic Partnership Agreement (CEPA) offering zero duty access to a range of Indian labour-intensive exports, will kick in from Monday.The Finance Ministry on Sunday issued notification on duty concessions on Omani goods under trade pact with India, which will come into effect from June 1.India and Oman signed the Comprehensive Economic Partnership Agreement (CEPA) in December last year during Prime Minister Narendra Modi’s visit to Muscat.Par…
New Delhi, May 30 (IANS) If rainfall is deficient due to the development of El Nino in June, the transmission to food inflation, rural demand and aggregate growth could be swift, adding to the existing inflationary pressures stemming from elevated global energy prices, the Finance Ministry’s ‘Monthly Economic Review’ for May said on Saturday.Looking ahead, agricultural prospects for the upcoming kharif season are a source of both near-term comfort and medium-term caution, it said.”On the p…