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Friday, March 27, 2026
TopicFinance ministry

Topic: finance ministry

Why Delhi High Court wants Finance Ministry to decide on electoral disclosure of cryptocurrencies

Structural loophole surrounding cryptocurrencies can be exploited for undisclosed political funding, electoral malpractices & concealment of wealth, argues PIL.

Losses of Pakistan’s state-owned entities rise by 300% in FY25—‘horrific structural failure’

Despite being a loss-making entity, Pakistan Railways, with an annual deficit of PKR 55 billion, is now planning a $62 billion corridor under the CPEC 2.0 announced in 2024.

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.

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

Govt hikes commercial LPG allocation to 70% of pre-war levels, in sign of easing supply constraints

The Centre also announced excise cuts on petrol and diesel, alongside imposing export duties on fuel, to bolster domestic supply.

India greenlights procurement of 5 more S-400 air defence systems from Russia

In FY 2025-26, AoN for 55 proposals amounting to Rs 6.73 lakh cr has been accorded by DAC. Both the quantum of AoN given and capital contracts signed, so far, have been the highest in any FY.

The Vishwaguru delusion, mine vs yours, is ruining our view of the world

One side thinks India is punching way above its weight. The other thinks Modi has undermined India and it punches below its strength. Both are wrong.