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The Latest Breaking News from Finance

Focus is on Kochi’s infrastructure development, says Finance Minister

Kochi to receive comprehensive development, incl. basic amenities, traffic congestion relief, and tourism infrastructure. Finance Minister K.N. Balagopal spoke at KMCC face-to-face, where merchants raised civic infrastructure issues. GST-related issues to be resolved once Appellate Authority bench opened. Mayor to invite Minister to meeting of trade body reps.

The Hindu

Adverse Central policies will deprive Kerala of ₹57,400 crore this fiscal, says Balagopal

Adverse Central policies will deprive the State of ₹57,400 crore in Central transfers and loan approvals in the current fiscal, says Kerala Finance Minister K.N. Balagopal on the State’s financial status.

The Hindu

Present Kerala’s case strongly before Finance Commission to recover lost fiscal space, govt. advised

The State government has been advised to prepare well and present its case strongly before the soon-to-be constituted 16th Finance Commission to recover Kerala’s lost fiscal space.

The Hindu

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How the near absolute power Edward Burke wielded absolutely paved the way for his alleged corruption

That power came from “scratch my back” Chicago politics. Burke’s clout emanated from the sheer force of his personality, the favors he did for other City Council members and the intimidation he wielded over his colleagues.

Chicago Sun-Times

A.P. Finance Minister lauds banks for handing out 20% more loans than last year

Andhra Pradesh banks have achieved their target of disbursing ₹1.68 lakh crore loans in FY 2023-24, a 20% increase from FY 2022-23. Finance Minister Rajendranath Reddy suggested to bankers to give more loans to MSMEs and those establishing industries under govt. schemes. He also requested them to extend support to…

The Hindu

Centre yet to respond to Kerala’s request to exclude spending on NH land acquisition from borrowing limit

Kerala seeks Centre's response to exclude land acquisition cost for NH from borrowing limit. Finance Minister K.N. Balagopal had conveyed the requirement to Union Finance Minister Nirmala Sitharaman in Oct. 2023. The Centre's stand has caused Kerala to suffer a cut-back in its annual borrowing limit. An earlier request for…

The Hindu

Endosulfan: Finance department sanctions ₹4.82 crore for rehabilitation-related activities

Finance Dept. clears ₹4.82 cr for Endosulfan victims in Kasaragod. Funds to be used for medical care, medicines, transport & more. 6603 beneficiaries of integrated project. Planning & Economic Affairs Dept. recommendation led to decision. District Collector to oversee expenditure.

The Hindu

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Minister opens cultural festival in Kollam

Inaugurating a three-day cultural festival at the Sree Narayana Guru Cultural Complex on Tuesday, Finance Minister K. N. Balagopal said that it will be made the best cultural centre in the country.

The Hindu

5 top issues making Gen Zers and millennials leave their accounting and finance jobs

Not only are employees intending to leave their current employer, they may leave the profession.

Fortune

PwC offshoot challenged to prove distance from scandal

The government consultancy offshoot of PwC has been told to prove its distance from the tax advice scandal in order to work on government contracts.

AAP

Chief Minister instructs to fill Kalyana Karnataka, backlog posts in Higher Education Department

Chief Minister Siddaramaiah has instructed officials of the Finance, the Higher and Technical Education Departments to fill up Kalyana Karnataka vacancies and other backlog posts which have been pending for many years

The Hindu

State govt to achieve revenue targets: Finance Minister

The State government expects to meet the revenue targets set out in the 2023-24 State Budget. The assessment was made at a meeting of top officials of various government departments convened by Finance Minister K.N. Balagopal here on Thursday.

The Hindu

Hipkins to stay as NZ Labour leader, as Little resigns

Defeated Prime Minister Chris Hipkins says he is "not done with politics" and will stay as Labour leader - at least for the meantime.

AAP

KILE: Minister refutes nepotism in temporary appointments

No interventions made to regularise the appointments of 11 temporary employees of the KILE, Minister says

The Hindu

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Fortune

Adobe’s CFO is helping steer the company’s path into generative AI

“The finance organization has a seat at the table,” says Dan Durn.

AAP

PwC spin-off given go-ahead for government contracts

Scyne Advisory, the spin-off company of PwC's government consultancy arm, has been allowed to work on public sector projects following a department probe.

The Hindu

Satheesan accuses Sivankutty of nepotism in KILE appointments

Opp. accuses Kerala govt. of nepotism, CM of favouring family. Govt. accused of violating oath of office, making backdoor appointments. Finance dept. raised red flags. KILE chairman denies charges, says followed rules.

The Hindu

Learn from lapses in Karuvannur bank, says former Kerala Finance Minister Thomas Isaac

Kerala government must act against those responsible for Karuvannur Co-op Bank irregularities; audit process must be strengthened. T.M. Thomas Isaac urges political parties to oversee functioning of banking institutions, be accountable to public. Govt must take corrective steps, use this opportunity to correct mistakes.

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The Times of India

Bhutan planning to slash ‘expensive’ airfares to boost tourism

In a move to boost tourism in the country, Bhutan has announced plans to reduce the 'expensive' airfares for visitors travelling to the country. As per the country's Finance Minister, this step would result in an uptick of travellers to the country and increase the number of visitors visiting the…

The Hindu

Finance department approves revised estimate of Nerekadavu-Makkekadavu bridge project

The Hindu

Kollam Port should be made operational : Minister

Finance Minister K. N. Balagopal has directed that passenger ships services from the Kollam port should be arranged within three months.

The Hindu

Regularisation of services of contract employees gets Legislative Assembly nod

The services of 10,117 employees, who were serving on contract basis prior to June 2, 2014, will be regularised, says Finance Minister Rajendranath Reddy

Roll Call

Menendez's Finance panel seat would have no shortage of suitors - Roll Call

Sen. Bob Menendez’s sought-after seat on the Finance Committee could — eventually — open up as a result of the scandal.

The Hindu

Infrastructure development a priority: Balagopal

The government has been doing everything needed for the comprehensive development of the State including the construction of best-quality roads, hospitals and schools, Finance Minister K.N.Balagopal said in Kollam on Sunday.

The Hindu

Govt. to upgrade playgrounds in all panchayats: Minister

The government’s policy is to upgrade the playgrounds in all panchayats, said Finance Minister K. N. Balagopal while inaugurating the construction of a stadium at Kareepra Kuzhimathicaud Government Higher Secondary School.

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