New Delhi, May 18 (IANS) Pakistan Railways is facing pending employee-related liabilities worth Rs 21.36 billion (Pakistani rupee), with dues of retired and serving staff remaining unpaid despite claims of improved financial performance, a report has said.According to official documents cited by SAMAA TV, a dispute has emerged between the Ministry of Railways and the Ministry of Finance over the release of funds required to clear the outstanding payments.The neighbouring country’s Railways Min…
Latest Finance Ministry News & Updates
New Delhi, May 18 (IANS) Markets will face pressure from rising rates and currency headwinds, impacting rate‑sensitive sectors such as banking, real estate and capital‑intensive industries, a report said on Monday.The report from Systematix Institutional Equities said as wholesale inflation surged in April and the rupee risks breaching Rs 100 and official CPI forecasts will soon touch 6 to 7 per cent.”The latest Rs 3 per litre fuel price hike, following the Prime Minister’s austerity appea…
New Delhi, May 15 (IANS) Prime Minister Narendra Modi on Friday took to social media to rebut a source-based media report claiming that the government was considering imposing a levy on foreign travel “at highest levels”.“This is totally false. Not an iota of truth in this,” the Prime Minister said in posts shared on social media platforms including X and Facebook.“There is no question of putting such restrictions on foreign travel. We remain committed to improving ‘Ease of Doing Bus…
New Delhi, May 12 (IANS) The net profit of public sector banks recorded a robust 11.1 per cent increase to scale an all-time high of Rs 1.98 lakh crore in FY 2025–26, marking the fourth straight year of profitability as reforms and strengthened governance practices have reinforced healthier balance sheets, enhanced operational resilience, and strong capital adequacy, the Finance Ministry said on Tuesday.Improved asset quality, healthy credit expansion and higher income contributed to improved …
New Delhi, May 9 (IANS) Bangladesh’s public debt climbed past Tk 22 lakh crore by December 2025, with the government increasingly relying on domestic borrowing to reduce exposure to foreign exchange risks and strengthen fiscal stability, a report has said.The report published in The Daily Star highlighted that the finance ministry’s latest quarterly bulletin showed that total public debt rose sharply over the last few years, increasing from Tk 13.44 lakh crore in June 2022 to Tk 18.9 lakh cr…
New Delhi, May 5 (IANS) Reflecting strong economic activity and credit demand. scheduled commercial banks (SCBs) registered robust credit growth of 15.9 per cent in FY 2025-26, the government said on Tuesday.FY26 ended with robust non-food credit growth of 15.9 per cent, marking a significant 497 basis points (bps) increase in growth from the corresponding period in FY25 (10.9 per cent). The aggregate credit outstanding in March 2026 reached Rs 212.9 lakh crore, Rs 29.2 lakh crore higher than th…
New Delhi, May 5 (IANS) The policies of the companies should be oriented towards increasing overall insurance penetration and density, while ensuring retention of market share, said M. Nagaraju, Secretary, Department of Financial Services (DFS).He underscored the need to expand insurance coverage to a wider segment of the population, advising that companies should prioritise inclusion of more individuals under the ambit of insurance rather than concentrating predominantly on big-ticket policies….
New Delhi, May 3 (IANS) In a bid to reduce pendency and accelerate disposal of cases, the government has urged debt recovery tribunals (DRTs) to emulate best practices.In a meeting here, Finance Ministry held deliberations on boosting disposal of cases in debt recovery tribunals. Tribunals were urged to emulate best practices adopted by high-performing debt recovery tribunals (DRTs), its said in a statement.Key areas of discussion included strengthening oversight and monitoring mechanisms within…
New Delhi, May 1 (IANS) The price of a 19-kg commercial LPG cylinder has been increased by Rs 993, starting Friday, and after the revision, a 19-kg cylinder will now cost Rs 3,071.5 in Delhi.However, there has been no change in the price of domestic LPG cylinders for 33 crore users, the Indian Oil Corporation (IOC) said in a statement.This is the third time that the price of a 19-kg commercial LPG cylinder has been increased since February 28, when the US-Israel and Iran war began.It first saw a…
New Delhi, April 30 (IANS) As many as 50,552 candidates have been selected and issued offer letters to work for public sector banks during FY 2025-26, representing a 33 per cent jump over the corresponding figure of 37,860 in FY 2024–25, the Finance Ministry said on Thursday.The sharp rise in recruitment builds on the trend observed in preceding years, with 30,827 new entrants joining public sector banks in FY 2023–24. The figures for the last three years reflect a clear and sustained year-o…