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Sunday, May 10, 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

Vijay turned reels, whistles, and fan edits into a political triumph

TVK tapped into young people with promises of employment, better governance, and youth-centric politics, framing old regimes as outdated while invoking Tamil pride and resistance to divisive agendas.

Noel Tata’s resistance to IPO creates discord in board of Indian conglomerate

At the center of the rift is the initial public offering of Tata Sons, which controls a vast collection of companies that do everything from making salt to selling luxury vehicles.

One missile, multiple warheads, many targets: India successfully test-fires Agni 5 with MIRV tech

With MIRV, India can target different different locations or the same location with a time gap. This can include decoys to hoodwink the enemy’s defence systems.

Muslim voters no longer matter to BJP. Only a new Hindu-led coalition can challenge Modi-Shah

These elections mark completion of BJP-secular party divide purely on Hindu-Muslim basis. BJP’s rivals are increasingly looking like Muslim parties though their leaders are all Hindus.