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Saturday, January 3, 2026
TopicFinance ministry

Topic: finance ministry

Delhi BMW crash: Senior finance ministry official dead, 3 injured

DEA Deputy Secy Navjot Singh & his wife were driving a motorcycle, when a BMW struck them near Delhi Cantonment metro station. The car driver & her husband have been hospitalised.

Drug costs form chunk of out-of-pocket spending on health in India. This could change with GST reforms

The Union Finance Ministry announced a five percent GST on all drugs and medicines from 22 September—down from the earlier 12 percent GST.

India needs 8% annual growth for next decade, finance ministry says amid global uncertainties

The ministry's comments align with the government's goal of making India a developed economy by 2047, a target that economists have said requires growth of 8%-9% every year.

Unclaimed deposits worth Rs 67,000 crore lying in banks, 87% in public sector banks alone, Parliament told

SBI holds Rs 19,239 crore in unclaimed deposits, or 26% of the abandoned money in public banking system. PNB, Canara Bank follow.

Rs 580 cr lost to digital payment frauds in last 5 yrs, only 43% recovered—govt to Parliament

Maharashtra, Haryana, Delhi & Tamil Nadu top the chart when it comes to these frauds. Together, they account for 69% of the total reported frauds, according to FinMin data.

Centre’s secretary-level reshuffle is a clever move. It will bring efficiency, accountability

The implications of these bureaucratic changes are most impactful for the finance ministry.

Finance ministry gets 2 secretaries from Northeast—a Kuki-Zomi and a Mao Naga, both from Manipur

Vumlunmang Vualnam named expenditure secy, K Moses Chalai secretary, Dept of Public Enterprises. This is 1st time Centre's appointed ST members from Northeast as finance ministry secys.

Manmohan Singh behaved very differently in crisis. He junked gradualism

Singh often quoted a 19th century German statesman, saying: ‘Politics is the art of the possible.’ He believed designing reforms might be a science, but executing them was an art.

Somanathan’s Cabinet Secretary appointment revives 40 yr old tradition. Expect big changes

TV Somanathan has acquired the reputation of being a civil servant who could work with leaders of different political parties with equal ease and effectiveness.

Loan write-offs fall 27% in 5 years, public sector banks outperform private peers in recoveries

PSBs have seen recoveries of written off loans growing faster than fresh write-offs since 2019-20, according to data provided by Ministry of Finance in Rajya Sabha.

On Camera

How Gen-Z is changing the violent extremist landscape online

The evolving extremist threat now hinges on young people online, demanding new strategies beyond traditional counter-terror models.

India’s urban co-op banks are turning the page—crisis to cautious revival, one metric at a time

With bad loans shrinking & capital buffers stronger, urban co-op banks’ new umbrella body NUCFDC is now prioritising rollout of digital transformation.

Greece looking at TATA’s WhAP infantry combat vehicle for army procurement

If deal goes through, Greece will be 2nd foreign country to procure vehicle. Morocco was first; TATA Group has set up manufacturing unit there with minimum 30 percent indigenous content.

A year-end Mea Culpa in National Interest—The Army-Islam combo doesn’t kill democracy

Many of you might think I got something so wrong in National Interest pieces written this year. I might disagree! But some deserve a Mea Culpa. I’d deal with the most recent this week.