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The Latest Breaking News from Finance

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.

The Times of India

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

Insider UK

399 candidates recruited, 1,897 shortlisted at job fair

Minister inaugurates ‘Pratheeksha’ mega job fair at FMNC

The Hindu

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Huge expenditure on welfare schemes by Modi government hitting public finances: Yashwant Sinha

Mr. Sinha in an interview said the shocking thing is nobody seems to be worried about the state of government finances, including those in the government.

The Hindu

Pandemic, floods impacted State’s Own Tax Revenue in 2021-22

Finance Minister announces incremental reforms to plug revenue leakages

The Hindu

Kerala Assembly adjourns sine die

Balagopal introduces Finance Bill

The Hindu

T.N. will fight for legitimate rights of all States: Finance Minister

‘We are concerned about attempts to erode federal structure in polity’

The Hindu

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TN Budget: Technology hub, start-up hub centre to be set up in Chennai

Regional start-up hubs will be set up in Erode, Madurai and Tirunelveli; a corpus of ₹30 crore will be provided to TANSIM to support start-ups by SC and ST entrepreneurs, the Finance Minister announced

The Hindu

TN Budget: Fiscal deficit falls to 3.80% from 4.61%, revenue deficit too declines

The government is laying a fiscal path to reduce the revenue deficit in a phased manner, TN Finance Minister Palanivel Thiaga Rajan says

The Hindu

TN Budget: Govt. proposes major plans to decongest vehicular traffic in Chennai

It is keen on reviving Maduravoyal-Chennai Port elevated corridor project, says Finance Minister Palanivel Thiaga Rajan

The Hindu

French Ukraine crisis resilience plan will cost 25-26 billion euros - minister

French Finance Minister Bruno Le Maire on Wednesday put at between 25 billion euros and 26 billlion euros the total cost of measures to help mitigate the impact on the French economy of sanctions against Russia.

Reuters

Rs 1.3 lakh crore given to poor through DBT, says Andhra Pradesh finance minister Buggana Rajendranath

AMARAVATI: Finance minister Buggana Rajendranath said the state government has transferred over Rs 1.3 lakh crore to the eligible poor through Direct Benefit Transfer (DBT) in the last 34 months.

The Times of India

More than ₹53,600 crore GST compensation yet to be released to states this fiscal: Finance Minister

So far this fiscal, ₹96,576 crore has been released to the States on account of GST compensation

The Hindu

LS nod for J&K Budget amid spat over Pandits’ exodus

Finance Minister accuses Congress of abandoning community

The Hindu

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The Hindu

Sixth State Finance Commission submits report to Tamil Nadu Chief Minister

It was constituted in March 2020 to examine the financial situation of rural and urban local bodies

Reuters

EU members should keep budgets 'reactive' over Ukraine crisis - France

EU governments need to keep their fiscal stances "reactive" in the face of the current Ukraine crisis with targetted measures for households and firms, French Finance Minister Bruno Le Maire.

The Times of India

Jammu and Kashmir budget presented in Lok Sabha

NEW DELHI: Finance minister Nirmala Sitharaman on Monday presented a Rs 1.42 lakh crore budget for the Union territory of Jammu and Kashmir for the year 2022-23 in the Lok Sabha, amid demands from the opposition that it be given adequate time for studying the proposals.

Reuters

Exclusive-Chile tax reform to focus on individuals, natural resources, finance minister says

Chile's tax reform, a key plank of new President Gabriel Boric's economic plan, will focus on individuals, natural resources and environmental levies more than corporations, Finance Minister Mario Marcel told Reuters in his first interview in office.

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The Times of India

Finance minister holds virtual meeting with IMF chief, discusses impact of rising commodity prices

NEW DELHI: Finance minister Nirmala Sitharaman on Friday held a virtual meeting with International Monetary Fund (IMF) managing director Kristalina Georgieva and discussed various issues, including the impact of rising commodity prices on world economy.

The Hindu

Kerala budget 2022 highlights

Kerala Finance Minister K.N. Balagopal presented the budget in the Assembly at 9 am

Bangkok Post

Malaysia could spend $6.7bn in oil subsidies in 2022

KUALA LUMPUR: Malaysia's petroleum subsidies bill could more than double to 28 billion ringgit (US$6.7 billion) this year if crude oil prices remain at elevated levels following Russia's invasion of Ukraine, the finance minister said on Thursday.

The Times of India

Kerala in money-trap, onus on FM to revive economy

THIRUVANANTHAPURAM: Finance minister K N Balagopal is neither outspoken, nor flamboyant like his predecessor T M Thomas Isaac. His reticence and limited administrative experience make the new responsibility more onerous for him.

The Hindu

Harish says Congress concerns ‘unfounded’

Finance Minister T. Harish Rao on Wednesday clarified that the monthly Aasara pension scheme, with a reduced eligibility age of 57 effective from the next financial year, was already made sufficient allocations.

The Hindu

Looking at other sources of edible oil, says Nirmala Sitharaman

The ongoing war in Ukraine may impact the edible oil situation in India to some extent, according to Union Finance Minister Nirmala Sitharaman

The Hindu

Kerala Budget: Web portal and app launched

With the State Budget for the 2022-23 fiscal scheduled to be presented on Friday, the Finance Department on Wednesday launched a web portal and a mobile app that can be used by the public to access the budget documents and related information.

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