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The Latest Breaking News from Finance

All eyes on Cabinet meeting today over modalities of ‘guarantees’

The State Cabinet is meeting on Friday amid expectations on a decision to implement the five pre-poll ‘guarantees’ given by the Congress. While the Finance Department on Wednesday provided multiple options to implement these guarantees through a presentation to the Council of Ministers, the final contours would be known on…

The Hindu

Exclusive-Turkey's new cabinet almost certain to include Simsek - sources

Turkish President Tayyip Erdogan is viewed as almost certain to include former economy chief Mehmet Simsek in his new cabinet, either as finance minister or as a vice president responsible for the economy, four senior officials said.

Reuters

Nottingham City Council finance chief was director of companies which went bust owing £165,000

Councillor Audra Wynter says the coronavirus pandemic "undermined" a "previously successful business"

Nottingham Post

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Michael Pascoe: Waiting for other PwC shoes to drop all over Canberra

To mix my metaphors, there is a footlocker of shoes yet to drop from the PricewaterhouseCoopers scandal – and not on PwC.

The New Daily

State needs clarity on reduced borrowing limit: Balagopal

The Kerala Government will take up the matter of its reduced open market borrowing (OMB) limit with the Centre, Finance Minister K. N. Balagopal indicated on Tuesday, saying that the State needs clarity on its borrowing space for the fiscal.

The Hindu

‘I don’t know’: Finance Minister’s honest admission about PwC tax scandal

The government cannot directly say if it can stop doing business with PwC, a firm whose ex-CEO allegedly leaked Australian tax secrets.

The New Daily

Karnataka portfolios: Siddaramaiah keeps Finance, Shivakumar gets Irrigation, Bengaluru development

Karnataka Chief Minister Siddaramaiah has allocated portfolios to ministers in his Cabinet, keeping the Finance department with himself while assigning the Irrigation and Bengaluru City Development departments to his deputy D. K. Shivakumar.

The Hindu

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Congress will ‘compel’ Centre to implement old pension scheme in entire country: Rajasthan CM Gehlot

Rajasthan Chief Minister Ashok Gehlot on Sunday said the Congress will “compel” the Centre to implement the old pension scheme (OPS) in the entire country.

The Hindu

NC Republican lawmaker loses his leadership role after racist question on House floor

Two Republican members of the North Carolina House have resigned from leadership positions within their caucus.

Tribune News Service

Finance Minister Michael McGrath says he will not let Fine Gael TDs to ‘bully him’

It comes amid reports that tensions are growing in the coalition over perceived “solo runs” from Fine Gael in recent days

Dublin Live

Federal police confirm investigation into PwC

A police investigation has been launched into one of the big four consultancies PwC as the federal government seeks to review a range of contracts.

The New Daily

Johnson wins first test of City Council muscle

By a 41-9 vote, Mayor Brandon Johnson reshaped the City Council in his progressive image.

Chicago Sun-Times

Palaniswami diverting attention from corruption charges against his party colleagues, says Thennarasu

After AIADMK leader Edappadi K. Palaniswami criticised Chief Minister M.K. Stalin’s official visit to Singapore and Japan, Finance Minister Thangam Thennarasu said Mr. Palaniswami was trying to divert attention from the acts of corruption committed by two Ministers of the AIADMK government

The Hindu

Michael McGrath says he won't be 'bullied' by Fine Gael during budget negotiations

Finance Minister Michael McGrath says that there will be lots of "kites flown" between now and the budget which will be held in October.

Irish Mirror

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The Hindu

Digitalisation will make revenue services more transparent: Minister

Finance Minister K.N. Balagopal was laying the foundation stone for the Valakam smart village office.

The Hindu

₹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.

Newsroom.co.nz

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.

The Hindu

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

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The Hindu

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.

Reuters

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.

The Hindu

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,…

Reuters

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.

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