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The Latest Breaking News from Finance

Govt widens scope of loan guarantee scheme

NEW DELHI: The finance ministry on Wednesday expanded the scope of the Rs 5 lakh-crore Emergency Credit Line Guarantee Scheme (ECLGS) to support MSMEs engaged in travel, tourism and hospitality sectors to overcome the impact of the Covid-19 pandemic impact.

The Times of India

Entrepreneurial Scotland chief executive calls Scotland's SMEs 'world leading'

National Economic Forum event also heard from the First Minister and Finance Secretary

Insider UK

Finance minister blames Putin’s war, UPA oil bonds for fuel price hike

NEW DELHI: Finance minister Nirmala Sitharaman on Tuesday said that the war in Ukraine had resulted in higher petrol and diesel prices and the government is seeking to respond to the situation.

The Times of India

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Record fuel price hike due to spike in oil prices during last couple of weeks: Finance minister

NEW DELHI: Finance minister Nirmala Sitharaman on Tuesday defended the 137-day hiatus in fuel price revision, saying the disruption in supply chains and the resultant increase in global oil prices due to the war in Ukraine was a "couple of weeks" phenomenon resulting in the record hike in petrol and…

The Times of India

TS government initiates process for regularisation of contract staff

CM said 11,103 would benefit; Finance Dept. asks for proposals from HoDs

The Hindu

India received 65% more FDI during Modi regime against 10 years of UPA rule: Nirmala Sitharaman

New Delhi Finance Minister Nirmala Sitharaman on Tuesday said FDI into the country during the Modi

The Hindu

World Inequality Report terming India 'poor and unequal' is flawed, says Nirmala Sitharaman

NEW DELHI: Finance minister Nirmala Sitharaman on Tuesday slammed the World Inequality Report 2022 for terming India to be "poor and unequal".

The Times of India

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India received 65% more FDI during Modi regime against 10 years of UPA rule: Finance minister

NEW DELHI: Finance minister Nirmala Sitharaman on Tuesday said foreign direct investment (FDI) into the country during the Modi government was $500.5 billion, which is 65 per cent more than the amount received in the 10 years of the UPA government, as investors have trusted the economic management of the…

The Times of India

Rajya Sabha updates March 29, 2022 | House adjourned

Rajya Sabha passed The Appropriation Bill, 2022 and The Finance Bill, 2022 on Tuesday.

The Hindu

Lok Sabha updates March 28, 2022 | House adjourned

The Criminal Procedure (Identification) Bill, 2022 was introduced in Lok Sabha

The Hindu

Lok Sabha passes Finance Bill 2022; FM blames Russia-Ukraine conflict for rising fuel prices

The discussion on the Bill took place by deferring the time usually allotted for private members’ bills in the House

The Hindu

States yet to receive Rs 53,000 crore from Centre as GST compensation

NEW DELHI: Finance minister Nirmala Sitharaman said on Friday the payment of around Rs 53,000 crore is pending as goods and services tax (GST) compensation to states for the current financial year.

The Times of India

Lok Sabha updates March 25, 2022

House passes Finance Bill 2022.

The Hindu

No plan to regularise contract staff: FM

AMARAVATI: Finance minister Buggana Rajendranath told the assembly that there was no proposal to regularise contract employees in the state. He said that about 2,602 were working in different departments on contract basis for long.

The Times of India

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Tribune News Service

Windfall profits tax, consumer rebate options under discussion

WASHINGTON — Senate Finance Committee Democrats are discussing ways to tax large oil and gas companies’ excess profits that could be tied to the recent spike in global crude oil prices and use the revenue to provide financial support to consumers impacted by higher costs at the pump.

The Hindu

‘Reforms being undertaken for transparency and enhanced administration’

They include a beneficiary-centric form of governance, says Finance Minister

The Hindu

AIADMK stages walkout, boycotts proceedings in the Assembly

Palaniswami tries to speak during Finance Minister’s reply, but Speaker refuses to allow him

Roll Call

Windfall profits tax, consumer rebate options under discussion - Roll Call

Driven by sharply higher gas prices, Democrats are discussing ways to tax large oil and gas companies' excess profits and return the money to consumers.

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Birmingham Post

JOB OF THE WEEK: Finance Manager with Shell

The latest job from our sister site GAAPweb

Benzinga

Wana Brands Names Finance And Business Leader Sandy Li Chief Financial Officer

Wana Brands, of cannabis edibles fame, announced it has appointed Sandy Li as its new chief financial officer, as the company continues its expansion into new markets as well as innovating an ever-growing list of new products.

The Hindu

30,453 vacant posts notified

The Finance department on Wednesday gave its nod for recruitment of 30,453 posts in different departments on Wednesday and this was followed by issuance of orders from the respective departments within a short while. Finance Minister T. Harish Rao convened a meeting with senior officials headed by Chief Secretary Somesh…

The Hindu

Kollam dairy farmers’ meet begins today

The Dairy Development department will organise a two-day district-level dairy farmers’ meet at Nedumankavu in Kollam on March 23 and 24. Minister for Animal Husbandry and Dairy Development J. Chinchurani will inaugurate the meet and Finance Minister K.N. Balagopal will inaugurate the Ksheera Gramam project. A workshop for dairy farmers,…

Reuters

Ukraine needs a 'Marshall Plan' - German finance minister

Ukraine needs a Marshall Plan to deal with the consequences of Russia's invasion, German Finance Minister Christian Lindner said on Tuesday.

The Times of India

EPFO interest rate better than other schemes, reflects today's realities: Finance minister

NEW DELHI: Finance minister Nirmala Sitharaman on Monday defended a proposal to cut interest rate paid on employees' provident fund deposits to over four-decade low of 8.1 per cent, saying the rate is dictated by today's realities where interest rate on other small saving instruments was even lower.

Insider UK

Finance Secretary urges Chancellor to provide more support amid rising living costs

Kate Forbes writes to Rishi Sunak urging him to match the 6% uprate on social security benefits

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