New Delhi, March 14 (IANS) The government has amended rules governing minimum public shareholding for large companies by introducing a tiered structure that allows large firms to offer a smaller portion of shares to the public during IPO, and do staged increases to the 25 per cent level.The amendment links minimum public offers to a company’s post‑issue capital at the IPO price. Companies with post‑issue capital above Rs 1,600 crore but up to Rs 4,000 crore must offer shares worth at least…
Latest Ministry of Finance News & Updates
New Delhi, March 2 (IANS) The Employees’ Provident Fund Organisation (EPFO) on Monday approved an interest rate of 8.25 per cent on employees’ provident fund (EPF) deposits for 2025-26, retaining the same rate for the second year in a row, according to an official statement.The decision was taken at the 239th meeting of the Central Board of Trustees in the national capital, chaired by Union Labour and Employment Minister Mansukh Mandaviya. The meeting was attended by Minister of State Shobha…
New Delhi, March 1 (IANS) In a bid to significantly improve ease of doing business, the Central Board of Indirect Taxes and Customs (CBIC) has introduced a new facilitation measure for trusted manufacturers by enabling the facility of deferred payment of customs duty to a new category of importers called Eligible Manufacturer Importers (EMIs), it was announced on Sunday.CBIC has issued detailed eligibility conditions, application process and operational guidelines through a circular dated Februa…
New Delhi, Feb 23 (IANS) Finance Minister Nirmala Sitharaman on Monday launched the second phase of the asset monetisation pipeline of Central ministries and public sector entities – the ‘National Monetisation Pipeline 2.0 (NMP 2.0)’ with an estimated monetisation potential of Rs 16.72 lakh crore in the next five financial years.The second phase of the pipeline has been developed by NITI Aayog, in consultation with infrastructure line ministries, based on the mandate for ‘Asset Monetisation Pl…
New Delhi, Feb 20 (IANS) Commerce and Industry Minister Piyush Goyal on Friday launched seven additional interventions under the Export Promotion Mission, a flagship initiative of the Centre aimed at empowering micro, small, and medium enterprises (MSMEs) for competing in global markets. These interventions are designed to address key challenges faced by Indian exporters, promote broad-based and inclusive export growth, and strengthen India’s position as a globally competitive export powerhous…
Chandigarh, Feb 13 (IANS) Two days after the Enforcement Directorate (ED) summoned former Punjab Chief Minister and BJP leader Capt Amarinder Singh and his son, Raninder Singh, in a 2016 Foreign Exchange Management Act (FEMA) case, the officer heading the federal agency office in Jalandhar has been transferred.A Union Ministry of Finance order reads, “Additional Director Ravi Tiwari, a 2009-batch Indian Revenue Service (IRS) officer, who had been posted to Jalandhar in September 2023, has now be…
New Delhi, Feb 10 (IANS) Union Minister of State for External Affairs Pabitra Margherita held a meeting with Fiji’s Minister for Finance, Commerce and Business Development Esrom Immanuel in New Delhi on Tuesday, discussing bilateral ties, shared priorities, and possibilities for cooperation in digital infrastructure. “Pleased to meet Hon. Esrom Immanuel, Minister for Finance, Commerce and Business Development of Fiji, this morning. Held productive discussions covering the entire gamut of India-F…
New Delhi, Feb 9 (IANS) NITI Aayog released three of the eleven study reports which it has compiled on scenarios towards Viksit Bharat and Net Zero on Monday at an event held at the Ambedkar International Centre in the national capital. The remaining eight reports will be released on Tuesday.The eleven reports detail the findings of India’s first government-led, multi-sectoral, integrated study to assess development scenarios that deliver on the Prime Minister’s vision of Viksit Bharat 2047 …
New Delhi, Feb 1 (IANS) The government will roll out a Customs Integrated System (CIS) within two years as a single, integrated and scalable platform for all customs processes, Finance Minister Nirmala Sitharaman said on Sunday while presenting the Union Budget 2026-27.The utilisation of non‑intrusive scanning with advanced imaging and AI technology for risk assessment will be expanded in a phased manner to scan every container across all major ports, according to an official statement.The app…
New Delhi, Feb 1 (IANS) Union Finance Minister Nirmala Sitharaman once again highlighted the government’s move towards tradition and technology on Sunday by carrying the Union Budget documents on a digital tablet placed inside a red ‘bahi-khata’ style pouch. This continues the paperless Budget format introduced by the Prime Minister Narendra Modi government.FM Sitharaman first replaced the old leather briefcase, a symbol inherited from British times, with the traditional bahi-khata in 2019…