New Delhi, Jan 6 (IANS) The government on Tuesday announced a major push to boost infrastructure development through public-private partnerships, with the PPP project pipeline covering 852 projects across central infrastructure ministries and states and Union Territories at a combined cost of over Rs 17 lakh crore.In line with the announcement made in the Union Budget 2025-26, the Department of Economic Affairs under the Ministry of Finance has created a three-year Public-Private Partnership pro…
Latest Ministry of Finance News & Updates
New Delhi, Jan 5 (IANS): Upstream public sector giant Oil and Natural Gas Corporation Limited (ONGC) on Monday signed joint venture agreements with Japan’s Mitsui O.S.K. Lines Ltd. (MOL) for a 50 per cent stake each in two joint venture entities — Bharat Ethane One IFSC Private Limited and Bharat Ethane Two IFSC Private Limited, registered in Gift City at Gujarat’s Gandhinagar.”The Maharatna company will subscribe to 2,00,000 equity shares, of Rs 100 per share, in each of the joint venture …
New Delhi, Jan 2 (IANS) As part of the initial rollout of the Export Promotion Mission, two key interventions under the Niryat Protsahan sub-scheme have been launched to strengthen MSME exports by providing affordable and easier access to trade finance, the Commerce Ministry said on Friday.The first intervention relates to interest subvention for pre- and post-shipment export credit, aimed at reducing the cost of export credit and easing working-capital constraints faced by MSME exporters, a Com…
New Delhi, Jan 2 (IANS) The Federation of All India Farmer Associations (FAIFA) on Friday urged the government to roll back the notified excise rates on tobacco products and revise them to revenue-neutral rates, to disincentivise smuggling, and support domestic agriculture.A stable taxation framework, FAIFA noted in a statement, is necessary to sustain farmer incomes, protect employment across the value chain, and align economic policy with long-term public health goals.The Ministry of Finance n…
New Delhi, Jan 1 (IANS) Union Minister for Chemicals and Fertilisers Jagat Prakash Nadda on Thursday inaugurated the e-Bill System, which will enable the government to process the fertiliser subsidy of approximately Rs 2 lakh crore at Kartavya Bhawan in the national capital. Addressing the event, the Minister said that this online system would play a significant role in strengthening transparent, efficient and technology-driven governance.Secretary Fertilisers Rajat Kumar Mishra said that the la…
New Delhi, Jan 1 (IANS) The Pension Fund Regulatory and Development Authority’s (PFRDA) board has approved a framework to permit Scheduled Commercial Banks (SCBs) to independently set up Pension Funds to manage NPS, with the objective of strengthening the pension ecosystem, it was announced on Thursday.This will enhance competition and safeguard subscriber’s interests.The proposed framework seeks to address existing regulatory constraints that had limited bank participation till now, said Mini…
New Delhi, Dec 31 (IANS) The Federation of Indian Export Organisations (FIEO) welcomed the launch of the Market Access Support (MAS) intervention on Wednesday as a timely, strategic step to strengthen India’s global export footprint, especially for MSMEs, first‑time exporters and priority sectors.FIEO said that MAS Intervention, under the government’s Export Promotion Mission will provide structured financial and institutional support for buyer‑seller meets, international trade fairs and e…
New Delhi, Dec 27 (IANS) The government on Saturday said that 1,087 grievances related to long-standing grievances of pensioners pertaining to 30 departments and ministries were taken up in the 15th Pension Adalat this month.The grievances belonged to the Departments under Ministry of Defence, Ministry of Home Affairs, Finance, Posts, Housing and Urban Affairs and Civil Aviation, etc.The 15th Pension Adalat was held at the Indian Institute of Public Administration (IIPA) on December 24 for redre…
New Delhi, Dec 20 (IANS) Finance Minister Nirmala Sitharaman on Saturday discussed simplification of procedures, regulatory predictability, coordinated inter-departmental functioning, efficient fund flows, future-ready tax administration, financing pathways for sustained growth, and leveraging digital tools for transparency, efficiency, and accountability.Sitharaman, along with Minister of State for Corporate Affairs, Harsh Malhotra, chaired the Chintan Shivir of the Ministry of Finance and the …