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The Latest Breaking News from Finance

₹2,000 notes banned with an eye on polls: Isaac

The decision to pull out the ₹2,000 denomination currency notes from circulation is a surgical strike of the Bharatiya Janata Party (BJP) government ahead of the coming Parliament and Assembly elections, former Finance Minister T.M. Thomas Isaac has said.

The Hindu

Budget's main relief slow to land for parents

The cornerstone of the Government’s cost-of-living package won’t kick in for almost a year. It isn’t the big ideas Budget Grant Robertson would have liked to deliver and leaves it exposed to attacks from the Opposition in election year, writes political editor Jo Moir.

Newsroom.co.nz

A Cabinet reshuffle in Tamil Nadu

The Cabinet reshuffle in Tamil Nadu conveys that talent will be appreciated, but damage to the party will not be tolerated

The Hindu

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CDS anniversary cerebrations held

The success of the National Saras Mela held in the district is a recognition of Kudumbashree’s activities, Finance Minister K.N. Balagopal has said.

The Hindu

I will work with Thangam Thennarasu and Palanivel Thiaga Rajan: State Industries Minister

A day after debuting in the Tamil Nadu Cabinet and taking over as the Industries Minister, three-time MLA T.R.B. Rajaa is confident about the job on hand. In an interview to The Hindu on Friday, he says he will work as a team with Finance Minister Thangam Thennarasu and Information…

The Hindu

PTR divested of finance portfolio because of audio leak, says Annamalai

Tamil Nadu BJP president K. Annamalai on Friday claimed Palanivel Thiaga Rajan was divested of Finance portfolio only because of his release of the audio tape, which according to him, contained the voice of the Minister. He questioned the action when Chief Minister M.K. Stalin had in recent months highly…

The Hindu

Finance Minister meets IMF MD Georgieva on sidelines of G7 meeting

Finance Minister Nirmala Sitharaman on May 12 met International Monetary Fund (IMF) managing director K Georgieva on the sidelines of G7 Finance Minister Central Bank Governors meet.

The Hindu

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Ukraine says it's received $16.7 billion in foreign aid this year

Ukraine has received $16.7 billion in financial aid from its Western partners so far this year, Finance Minister Serhiy Marchenko said on Thursday.

Reuters

T.N. Cabinet reshuffle | After removal as Finance Minister, Palanivel Thiaga Rajan says past two years ‘most fulfilling’

Shortly after being divested of his Finance and Human Resources Management portfolios, Palanivel Thiaga Rajan on May 11, tweeted that the past two years were the “most fulfilling” in his his life and that he looked forward to re-establishing Tamil Nadu’s position as a leader in the Information Technology sector,…

The Hindu

Lula pick for Brazil central bank key role says he doesn't always agree with governor

Brazil's executive secretary of the Finance Ministry, Gabriel Galipolo - who is due to be nominated for a key role at the country's central bank - said on Tuesday he has good relations with central bank Governor Roberto Campos Neto but does not always agree with him.

Reuters

Mayor-elect Johnson forges ‘Unity Plan’ to reorganize the new City Council

The plan shrinks the number of Council panels from 28 to 20. Pat Dowell, whose switch of support from Lightfoot to Johnson was crucial to his victory, will be finance chair.

Chicago Sun-Times

Karuthalum Kaithangum adalat held at Karunagapally

Technical glitches in the files should not affect the delivery of services to the public, Finance Minister K.N. Balagopal has said.

The Hindu

Finance Minister Nirmala Sitharaman to review state of economy at FSDC meeting on May 8

Finance minister Nirmala Sitharaman will review the state of the economy amid global and domestic challenges at a meeting of the Financial Stability and Development Council (FSDC) on May 8.

The Hindu

Public service audit reveals $20.8b spent on external contractors and consultants in 2021-22

An audit of the Australian Public Service workforce has found that $20.8 billion was spent hiring tens of thousands of external contractors and consultants in the 2021-22 financial year, most of which saw the Liberal-National Coalition in power.

ABC News

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Bangkok Post

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.

ABC News

Federal government to scrap 'polarising' ParentsNext welfare scheme in next week's budget

A series of parliamentary inquiries found the mutual obligations element of the program to be punitive and "akin to coercive control".

Newsroom.co.nz

Govt to pick up some flood retreat costs insurance firms can't cover

Facing resistance to moving people off disaster-prone family land, Finance Minister Grant Robertson must use this month's Budget to meet some of the anticipated $8 billion shortfall in rebuild costs, writes Jonathan Milne.

Roll Call

Who are you going to call? Finance hopes not ghost networks - Roll Call

A Senate Finance Committee hearing tackles insurance directories that provide inaccurate, outdated provider information.

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Bangkok Post

SEC board authorised to name acting secretary-general

The board of the Securities and Exchange Commission (SEC) is permitted to name an acting secretary-general if the current government fails to endorse an SEC chief by the end of the month, according to Finance Minister Arkhom Termpittayapaisith.

Fortune

DoorDash's new CFO started as an engineer and now oversees a finance team of over 400

"Finance cannot just be a reporting function," says Ravi Inukonda.

Chicago Sun-Times

Mayor-elect warned: don’t mess with City Council reorganization

Finance Committee Chair Scott Waguespack is among the committee chairs who could be pushed out in favor of more chairs loyal to Mayor-elect Brandon Johnson.

Irish Mirror

Leo Varadkar issues major tax update for middle-income earners ahead of Budget

Asked by the Irish Mirror whether or not the projected surplus cleared the way for the 30% tax rate, Mr Varadkar warned that some of the money will need to be kept for tougher times. However, he vowed that there will be a tax package for middle-income earners in the…

France 24

France kicks off push to ‘appease’ nation with row over immigrant welfare fraud

The French finance minister’s pledge to crack down on immigrants abusing France’s welfare system has triggered a fresh row in a country reeling from a bitter battle over pension reform, casting doubt on President Emmanuel Macron’s ability to deliver on a pledge to “appease” and unify the nation in a…

AAP

Budget black hole prompts line by line review

The NSW treasurer says he will be going through the budget "line by line" after departmental papers revealed a $7 billion black hole in the state's finances.

Tribune News Service

Ukraine’s Zelenskyy asks global leaders to seize Russian assets

Ukrainian President Volodymyr Zelenskyy told a gathering of global finance leaders in Washington that his country needed $14.1 billion immediately for critical reconstruction needs and pleaded with officials to use frozen Russian assets to help pay the cost.

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