The Latest Breaking News from Ministry of Finance

GPF interest rate for October-December 2026 quarter: Has Finance Ministry changed GPF rate from 7.1%?

The Ministry of Finance has set a 7.1% interest rate for the General Provident Fund, which will be applicable from October 1 to December 31, 2026. This rate will also extend to other funds linked to government establishments. The Finance Ministry evaluates the GPF interest rate every quarter, ensuring consistent…

The Economic Times · 17h ago

Saturday bank holiday: Has government declared all Saturdays as holidays for SBI and other public sector banks? PIB says this

A fraudulent gazette notification has been making the rounds, erroneously stating that every Saturday has been declared a public holiday for public sector banks. The Press Information Bureau has clarified that these claims are baseless and not sanctioned by the Ministry of Finance. According to the Reserve Bank of India,…

The Economic Times · Oct 1

PPF interest rate October- December 2026: Has Public Provident Fund interest rate hiked for this quarter?

The Ministry of Finance has reviewed interest rates for small savings schemes including the Public Provident. The rates will stay the same as those from the previous quarter. PPF accounts have a maturity period of 15 years and offer tax-free returns after five years.

The Economic Times · Oct 1

Poland's debt climbs above €500bn as borrowing reaches record pace

Poland is now among the fastest-indebting countries in the European Union. According to the latest Eurostat data, only Finland and Bulgaria recorded a larger increase in the public debt-to-GDP ratio in the first quarter of 2026.

Euronews · Jul 23

GPF interest rate for government employees: Has Finance Ministry changed GPF rate from 7.1% for July-September 2026 quarter?

The Ministry of Finance has announced the GPF interest rate for the upcoming quarter. General Provident Fund and similar government funds will earn 7.1 percent interest. This rate remains unchanged for the July to September 2026 period. Public Provident Fund and small savings schemes also retain their current rates. Employees…

The Economic Times · Jul 23

Waiver of recovery of excess amount paid to central government employees: Finance Ministry to examine proposal to simplify the process

Central government employees' union requested simpler recovery waivers for excess payments. The DoE secretary assured examination of these demands with DoPT. Audits often identify past overpayments, leading to salary deductions. NC-JCM argues these are administrative errors, not employee fault. They propose delegating waiver powers to department heads for faster resolution.

The Economic Times · Jul 7

Do you lose your interest and deposit if you have multiple PPF accounts? Here's what the rules say

Discovering you have two Public Provident Fund accounts can be a common oversight, but it's crucial to address. Indian regulations strictly permit only one personal PPF account. Learn how to identify and regularize duplicate accounts, understand the implications for your deposits and interest, and what steps to take to avoid…

The Economic Times · Jun 26

Business Brief (June 3): U.S. Cuts Tariffs on Farm Equipment

Tencent Cloud slashes AI prices, Ministry of Finance allocates childcare subsidies

Caixin Global · Jun 3

Have unclaimed deposits, insurance, mutual funds? Government launches single portal to trace forgotten assets

The Ministry of Finance has launched a new portal to help citizens find forgotten money. This initiative, called 'Your Money, Your Right', allows people to trace unclaimed bank deposits, insurance policies, and mutual fund investments. It also helps shareholders claim unpaid dividends and shares.

The Economic Times · Jun 1

Dragon blow: China's spending in April at 6-month low

A broad measure of public expenditure fell 7.3% from a year ago, accelerating from the 2.5% decrease in March to mark its sharpest decline since October, according to Bloomberg calculations based on Ministry of Finance data released Wednesday. By contrast, broad fiscal revenue rose 2%.

The Economic Times · May 20