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The Latest Breaking News from Finance Ministry

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

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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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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.

Bangkok Post

India offers help to end Russia-Ukraine conflict

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

The Hindu

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

Bengaluru

The Hindu

Indian government helps central bank to circumvent inflation law

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

Al Jazeera

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

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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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The Hindu

U.S. Deputy NSA cautions India against trade deals with Russia

Daleep Singh warns India of ‘consequences’.

Bangkok Post

Local equities rally on new peace talks

Thai equities rallied on Wednesday after progress in peace talks between Russia and Ukraine raised hopes for a resolution and the Finance Ministry's decision to postpone imposing a transaction tax on individual stock investors boosted investor morale.

Bangkok Post

Economic outlook turns dour as committee meets

All eyes are on the Bank of Thailand as rising inflation, spiking energy prices, a weakened baht and the impact of the war in Ukraine could all combine to influence a revision of key economic figures, especially GDP growth and interest rates, at the central bank's rate-setting committee meeting on…

Bangkok Post

Ministry to postpone tax on stock transactions

The Finance Ministry expects to postpone the plan to slap a financial transaction tax on individual stock investors for a certain period because of unfavourable economic conditions, says permanent secretary Krisada Chinavicharana.

Bangkok Post

Thailand plans to sell up to B265 govt bonds in April-June

The government plans to sell up to 265 billion baht ($7.86 billion) of government bonds in the April-June period as part of debt management plans, according to the Finance Ministry.

Bangkok Post

Growth outlook needs rejig

The Finance Ministry plans to revise its 2022 forecast for Thai economic growth next month, focusing on the impact of rising inflation and spiking energy prices, says a ministry source who requested anonymity.

Bangkok Post

Excess revenue to help public

If Thailand's revenue in fiscal 2022 exceeds the government target, the Finance Ministry will spend the excess money on easing people's living costs, says the ministry's permanent secretary Krisada Chinavicharana.

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