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The Latest Breaking News from Finance Ministry

GIF rejigs borrowing rules for major liquidity boost

The General Insurance Fund (GIF) has revised regulations to allow it to borrow more to increase liquidity in case the Office of the Insurance Commission (OIC) shuts down more insurance companies in the future, says permanent finance secretary Krisada Chinavicharana.

Bangkok Post

Ministry mulls 5 baht diesel tax cut

The Finance Ministry is considering a proposal from government officials to cut the diesel excise tax by 5 baht per litre when the current tax cut expires on May 20.

Bangkok Post

Diesel subsidies to be extended

The government will likely extend its diesel price subsidy programme that is due to end on May 20, Prime Minister Prayut Chan-o-cha said on Tuesday.

Bangkok Post

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Oil Fuel Fund set to borrow billions

The Oil Fuel Fund is expected to finish negotiations with banks this month as it looks to borrow heavily to boost its liquidity, says the Finance Ministry's deputy permanent secretary Theeraj Athanavanich.

Bangkok Post

Criticism of Pawan Hans sale based on distorted facts: Finance Ministry

Centre likely to issue letter of award to winning consortium as early as next week

The Hindu

Fetco hits out at plans for transaction tax on stock trades

The Federation of Thai Capital Market Organizations (Fetco) has urged the Finance Ministry to abandon a proposal to collect a transaction tax from share trades, claiming the stock market still needs tax incentives to support long-term investment.

Bangkok Post

Govt rejects co-payment accusations

The Finance Ministry on Monday denied that the government's "Khon La Khrueng" co-payment subsidy scheme was a tool to tax small vendors.

Bangkok Post

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Ministry not ruling out excise tax cut extension

The Finance Ministry has not eliminated the possibility of extending the period set for the reduction of the diesel excise tax, says a ministry source who requested anonymity.

Bangkok Post

Congress raises questions over Pawan Hans disinvestment, asks why merger with ONGC not explored

The Finance Ministry on Friday said Star9 Mobility Pvt Ltd will buy the government's 51% stake in helicopter services provider Pawan Hans Ltd

The Hindu

At Rs 1.68 lakh crore, GST revenues touch all-time high in April

NEW DELHI: At Rs 1.68 lakh crore, the Goods and Services Tax (GST) collection in April touched an all-time high - up nearly 20 per cent from the same period last year, the finance ministry said.

The Times of India

GST dues: Centre owes States more than the official figures, says Chidambaram

The senior Congress leader wondered why the Finance Ministry "embarrassed" PM Modi by putting out the information on the day he chose to "admonish" the States on fuel tax.

The Hindu

Finance Ministry cuts 2022 GDP outlook over Ukraine war

The Finance Ministry on Wednesday reduced its 2022 economic growth forecast to 3.5% from a previous forecast of 4.0%, due to the impact of the Russia-Ukraine war on global growth and inflation, a ministry official said.

Bangkok Post

Ministry delineates plan to fine-tune NSF

The Finance Ministry aims to raise the monthly pension payment for freelancers who are members of the National Savings Fund (NSF) to 10,000 baht to encourage them to become fund members, says minister Arkhom Termpittayapaisith.

Bangkok Post

Finance Minister Nirmala Sitharaman has urged IMF to assist Sri Lanka: Govt

International Monetary Fund Managing Director Krisalina Georgieva ‘assured the Finance Minister that the IMF would continue to actively engage with Sri Lanka’, said a Finance Ministry readout of the meeting.

The Hindu

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Bangkok Post

Arkhom keen to restrain state spending

The Finance Ministry does not want to persist with high spending by state-owned financial institutions as it wants to maintain fiscal discipline, according to finance minister Arkhom Termpittayapaisith.

Bangkok Post

Hitting the bottle

'Lisa' Manoban, the Thai member of South Korea's superstar K-pop group Blackpink, has become a brand ambassador for a famous Scotch whisky company, reigniting discussion over the controversial Alcoholic Beverage Control Act.

Bangkok Post

Govt to start taxing stock market sales this year

The Finance Ministry is standing firm on its plan to impose a financial transaction tax on individual stock investors this year after seeing growth in the local market.

The Hindu

India offers help to end Russia-Ukraine conflict

Russia is ‘very important partner’, says External Affairs Minister.

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The Hindu

Centre has promised to hasten process of approval for Mekedatu: Bommai

Bengaluru

Al Jazeera

Indian government helps central bank to circumvent inflation law

India’s finance ministry let RBI escape accountability for missing the inflation target in 2020.

Bangkok Post

GIF seeking loan to handle claims

The General Insurance Fund (GIF) is seeking a loan from Government Savings Bank in order to pay Covid-19 claims to policyholders of shuttered non-life insurance companies, says a source at the Finance Ministry who requested anonymity.

Bangkok Post

Inflation and Ukraine keep equities subdued

Recap: World stocks slid yesterday on worries about the Russia-Ukraine war and rising inflation that may force central banks into more aggressive interest-rate increases, potentially triggering a recession.

Bangkok Post

Ministry closes 2 Covid-hit insurers

The Finance Ministry has revoked the business licences of Southeast Insurance and Thai Insurance, effective yesterday, after the two companies were declared financially incapable of paying outstanding claims, according to the Office of the Insurance Commission (OIC).

Bangkok Post

Two Covid-hit insurers closed

The Finance Ministry has revoked the business licences of Southeast Insurance and Thai Insurance, effective from Friday, after the two companies were declared financially incapable of paying outstanding claims, according to the Office of the Insurance Commission (OIC).

The Hindu

The demand for restoring the old pension scheme

How will the National Pension Scheme benefit the employees ? What are the changes introduced in the scheme ?

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Arkhom Termpittayapaisith

Krisada Chinavicharana

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