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Friday, August 15, 2025
TopicFinance ministry

Topic: finance ministry

Jet, set, no-go: Indian officials sent back from Fiji after govt trims clearances for Hindi meet

Four days before the 15 February start of the World Hindi Conference in Fiji, the Finance Ministry cut the number of officials on the Indian delegation list from 165 to 51.

Finance Minister Nirmala Sitharaman admitted to AIIMS but fine, report says

Sitharaman was hospitalized around noon, based on reports. The Finance ministry is yet to respond regarding her condition.

It’s time to end Budget secrecy, deal final blow to India’s colonial hangover

Budget secrecy isn't needed for a number of reasons, and doing away with it would actually benefit India's policymakers.

Govt should stop ‘chasing high divestment targets’, says finance ministry official

The finance ministry official says to focus on privatisation of state-run companies instead, pointing to market volatility and investors' shaky appetite for risk.

India’s fiscal deficit for 2021-22 at 6.7% of GDP, lower than earlier estimate

The government in the revised estimates in the Budget for 2022-23 forecast a higher fiscal deficit of 6.9% of the GDP for the fiscal ended in March.

LIC IPO will get pushed to next fiscal if Modi govt doesn’t take call on timing in a day or two

With transactions likely to take 15 days, & given current market volatility, it is learnt budget division in finance ministry isn't including LIC IPO proceeds as part of this fiscal's calculation.

Modi govt to try again to sell Delhi’s The Ashok hotel, process to begin this week

The Ashok hotel is owned by the Indian Tourism Development Corporation, in which the government has over 87% stake.

SC says no recall of Hindustan Zinc divestment probe order, govt blames CBI’s ‘incorrect facts’

In November 2021 SC directed a CBI probe into 2002 initial stake sale of Hindustan Zinc Limited to Sterlite Opportunities and Ventures Limited. Finance ministry requested a recall of the order.

Increase capital spending, Centre tells states, Sitharaman to meet state FMs next week

Efforts to ensure that states increase capital spending also come at a time when spending by the private sector has continued to be slow.

Controversial FRDI bill being ‘fine-tuned’, likely to make a comeback in 2022-23

Finance ministry in process of finalising certain provisions like the ‘bail-in’ clause, which had triggered uproar that forced the legislation to be withdrawn in 2018.

On Camera

Trump is swinging on Russia again. What this means for Europe’s security architecture

The dynamics between Europe and Russia have gone so south that mending fences looks like an uphill task—even as the US swings between sanctions and olive branches.

Slashing GST on waste can unlock Rs 1.8 lakh crore, high tax hurting circular economy goals—CSE

Centre for Science and Environment in new report makes case for rationalising GST on waste material, saying most informal operators can’t afford high tax & it also hinders recycling.

President awards 1st set of Sarvottam Yudh Seva medals since Kargil, 7 honoured for leading Op Sindoor

This year, the Indian Air Force received four of the seven awards, followed by the Indian Army with two medals, and the Indian Navy with one. 

Modi’s ready to risk it all for farmers. Farm reform can answer Trump with new Green Revolution

Standing up to America is usually not a personal risk for a leader in India. Any suggestions of foreign pressure unites India behind who they see as leading them in that fight.