The Latest Breaking News from Finance Ministry

India will remain fastest-growing major economy in FY'24: Finance Ministry report

India to remain fastest-growing major economy in FY24; domestic macro fundamentals strong, global headwinds and weather uncertainties pose downside risks. India's outlook bolstered by strong domestic fundamentals, investment demand, industrial growth, reservoir levels and forex reserves.

The Hindu · Oct 23, 2023

NL Interview: Ex-finance secy on policies, govt’s misadventures, ‘feisty’ Sitharaman

Former bureaucrat Subhash Chandra Garg’s new book We Also Make Policy unpacks the behind-the-scenes of India’s finance ministry — from policy matters to the ministers’ temperaments and even Garg’s equation with them.       

Newslaundry · Oct 18, 2023

Inflation pressures may linger, but food prices to cool soon: FinMin

India's inflation woes may be transitory due to global uncertainties and domestic disruptions. The Finance Ministry noted the 11.5% food inflation rate and 4.9% core inflation rate, and cautioned that global monetary tightening could hurt stock markets in emerging economies. Government efforts to reduce food inflation expected to materialise in…

The Hindu · Aug 22, 2023

Government nudged to correct revenue-to-GDP proportion

The government is advised to seek methods to increase its revenue-to-GDP ratio following a continuous decline, while remaining prudent in incurring higher levels of debt, says a Finance Ministry source who requested anonymity.

Bangkok Post · Jun 14, 2023

Israel Poised To Release World’s First Digital Government Bond

The Tel Aviv Stock Exchange (TASE) and Israel’s Finance Ministry prepare for a digital Israel Bond traded on blockchain platform.

Zenger · Jun 8, 2023

Tobacco: Farmers' body writes to PMO, Finance Ministry against WHO recommendation

Farmer organisation FAIFA has written to the Prime Minister’s Office (PMO) and Finance Ministry against the WHO recommendation that alternative crops should replace tobacco as it contributes to global food crisis

The Hindu · May 31, 2023

Israel passes budget with big grants to ultra-Orthodox

Israel’s parliament passed a national two-year budget that includes billions of dollars in funding for West Bank settlements and religious programs, stabilizing Prime Minister Benjamin Netanyahu’s right-wing coalition. The shekel weakened as critics warned the plan would suppress rather than spur economic growth.

Tribune News Service · May 24, 2023

Bureau ready to adjust fiscal 2024 budget plan

The Budget Bureau is planning to adjust the fiscal 2024 budget to reflect the priorities of the new government, says a Finance Ministry source who requested anonymity.

Bangkok Post · May 17, 2023

Ministry estimates B2tn available for party pledges

The new government will have room to spend at least 2 trillion baht to fulfil its populist campaign pledges, according to a Finance Ministry source who requested anonymity.

Bangkok Post · May 14, 2023

Ministry sets targets for tax reform

The Finance Ministry has set four targets for tax reform, aiming to boost revenue to cover expenses and deal with future economic uncertainties, says Fiscal Policy Office director-general Pornchai Thiraveja.

Bangkok Post · May 4, 2023