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Friday, October 31, 2025
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

India’s exit from Ayni airbase reveals New Delhi’s power projection limits. A key location lost

Ayni’s origins lie in the immediate aftermath of 9/11, when the United States invaded Afghanistan and the international order briefly seemed open to new alignments.

What the MiG-21 taught me

Consumer Price Index gets up to date. Airfare, OTT plans, e-commerce prices in new basket—MoSPI secy

New CPI series will take 2024 as base year, will provide more accurate measure of inflation, spending on digital services. Expected to enhance representation and reliability, says Saurabh Garg.

France keen to make Rafale jets in India, boost not just defence but people-to-people ties, says envoy

In a chat with ThePrint newsroom, French Ambassador Thierry Mathou indicated talks are on between French firm Safran & Indian govt for joint design & manufacture of AMCA engine.

Deepfake on duty: when I asked AI to read Op Sindoor citations

On 21 Oct, a buzz went up that the govt had released full list of gallantry award recipients along with Op Sindoor citations. I put an AI caddy on the job. It took me into a never-ending rabbit hole.