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The Latest Breaking News from Finance

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 Times of India

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

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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.

The Hindu

French finance minister Le Maire warns world heading for 1970s-style energy crisis

French Minister of Finance Bruno Le Maire has warned that the spike in energy prices caused by Russia's war in Ukraine will produce knock-on effects comparable to the 1973 oil emergency.

Radio France Internationale

Increased duty on imported goods to add fillip to self-reliance: Nirmala Sitharaman

BENGALURU: Finance minister Nirmala Sitharaman on Tuesday said the Union Budget for 2022-23 was about the philosophy of 'Atma Nirbhar Bharat' (self-reliant Bharat) as customs duties were increased on those imported products which are also manufactured in India so that people buy the Indian equivalent.

The Times of India

T.N. Budget on March 18

Finance Minister will present e-Budget, says Speaker

The Hindu

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Centre creating hurdles in the progress of Telangana

Finance Minister comes down heavily on the Centre

The Hindu

Govt. announces massive infrastructure improvement in schools

Finance Minister says different State-run schools will get an outlay of ₹ 7,289 crore

The Hindu

Finance Ministers faces queries from students on GST, Income Tax relief to defence personnel

Finance Minister Nirmala Sitharaman on Sunday faced queries on Goods and Services Tax (GST) and Income Tax relief to Army personnel.

The Hindu

Mozambique president names new premier and finance minister

Mozambique President Filipe Nyusi on Thursday appointed Adriano Afonso Maleiane as the new prime minister, shortly after sacking Carlos Agostinho do Rosário, and filled several other posts including finance minister as part of a cabinet reshuffle.

Reuters

France seizes Rosneft boss's yacht as it tried to flee

French customs have seized a yacht belonging to Rosneft boss Igor Sechin as it tried to leave the Mediterranean port of La Ciotat in a breach of EU sanctions on Russian oligarchs, Finance Minister Bruno Le Maire said.

Reuters

With her Ukrainian roots, Russian sanctions are personal for Canada's Freeland

Canadian Finance Minister Chrystia Freeland played a key role in getting sanctions on Russia's central bank in place, two sources said, and has been a leading voice against Russian aggression as a vocal member of the country's large Ukrainian community.

Reuters

Singapore aims to clear foreign labour crunch in ‘few months’

Singapore aims to fill a shortage of overseas workers within the next few months as it progressively eases border restrictions, according to Finance Minister Lawrence Wong.

Bangkok Post

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Insider UK

Finance Secretary refuses to say why investment bank CEO quit

Kate Forbes said the reasons for the resignation are a matter for her and the bank’s board

Radio France Internationale

South Africa is becoming vast welfare state, says finance minister

The maiden budget tabled by South Africa’s new Finance Minister Enoch Godongwana carefully balances his desire to stimulate economic growth and reduce borrowing with the need to assist welfare grants to the growing number of poor.

Edinburgh Live

New economic strategy for Scotland aims to 'outperform the last decade'

Scottish Finance Secretary Kate Forbes to unveil plans that will build on Scotland's 'rich history of innovation and invention'

The Hindu

RPL to form firm for making rubber products

The government will take up studies to explore the possibility of forming a company under Rehabilitation Plantation Limited (RPL) to produce and market rubber-based products. Labour Minister V. Sivankutty announced this on Friday after a meeting with representatives of RPL officials and trade union leaders. The proposal involves direct procurement…

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Bangkok Post

Public debt forecast to increase to 62% of GDP

Finance Minister Arkhom Termpittayapaisith has projected Thailand's public debt will rise to 62% of GDP in fiscal 2022 from 59.6% as of December 2021.

Irish Mirror

Covid-19 pandemic not 'fully behind us' but Ireland and EU seeing signs of recovery, says Finance Minister Paschal Donohoe

'However, if this pandemic has taught us anything, it is the need to acknowledge uncertainty and uncertainty is associated with changing health and economic conditions'

The Times of India

Nirmala Sitharaman to meet PM Modi to discuss Russia-Ukraine conflict situation

NEW DELHI: Finance minister Nirmala Sitharaman on Thursday said she will be meeting Prime Minister Narendra Modi to discuss the situation arising out of the Russia-Ukraine conflict.

Tribune News Service

Social Security fixes could animate post-midterms agenda

WASHINGTON — If Republicans take one or both chambers of Congress in November, don’t be surprised if shoring up Social Security’s finances becomes an area of bipartisan focus.

Radio France Internationale

French finance minister downplays impact of Ukraine crisis on economy, energy

The impact of the Ukraine crisis and sanctions against Moscow will only have a minor effect on the French economy, says Bruno Le Maire.

The Independent UK

Budget ‘cannot proceed’ in the absence of a First and a deputy First Minister

Stormont Finance Minister Conor Murphy told the Assembly he had sought legal advice on the Budget following the resignation of the First Minister.

The Times of India

Ukraine situation, crude prices posing challenge to financial stability: Nirmala Sitharaman

MUMBAI: Finance minister Nirmala Sitharaman on Tuesday said the Russia-Ukraine crisis and the ensuing jump in global crude prices are a challenge to financial stability in India.

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