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Thursday, November 6, 2025
TopicFinance ministry

Topic: finance ministry

Selling defence land seen as only way to raise money for new modernisation fund

Draft cabinet note based on ministry’s comments is undergoing inter-ministerial consultations, but Department of Military Affairs had said selling land alone wouldn’t be enough.

Finance ministry is ‘insensitive’, allots less funds to cow mission, says panel of MPs

Standing Committee report says against proposed allocation of Rs 2,243.87 cr for 2021-22, animal husbandry department was given Rs 502.00 cr by finance ministry for Rashtriya Gokul Mission. 

Why Modi govt is expected to struggle to sell stakes in 2 listed insurance companies

New India Assurance and General Insurance Corporation were listed in 2017. SEBI norms mandate the govt to now raise public shareholding to 25% from the existing 15%.

Finance Ministry lifts embargo, permits all private banks to participate in govt business

This step is expected to further enhance customer convenience, spur competition and higher efficiency in the standards of customer services, an official statement said.

Defence fund to state grants, Modi govt may ignore some ideas of NK Singh finance commission

Current constraints, including a 9.5% fiscal deficit, make it tough for the Modi govt to give states more sectoral funds beyond the 41% share recommended by the 15th Finance Commission.

Govt needs to undertake higher fiscal spending, especially in infrastructure — CEA Subramanian

Fiscal support should continue till 2023 when India may return to pre-Covid growth levels, said Krishnamurthy Subramanian, adding that the 2-6% inflation band has served India well.

Indian economy riding against Covid-19 wave, but spread of UK virus strain a risk, says govt

Finance ministry’s monthly economic review for December says sustained improvement in high frequency indicators raises hopes for second half of FY 2020-21.

Customs officer compulsorily retired for ‘sexually harassing’ Uzbek woman at Delhi airport

The action has been taken under Fundamental Rule 56(j) of Central Civil Services (Pension) Rules, which provides for compulsory retirement of govt staff in public interest.

India’s Financial Intelligence Unit fines PayPal Rs 96 lakh for ‘violating anti-money laundering law’

This is the first time the FIU, an agency under Union finance ministry, has taken punitive action against an online payment system operating in the country.

V-shaped recovery is evident, global uncertainty not mirrored in India, finance ministry says

Finance ministry’s monthly outlook report for November says another wave of Covid is a downside risk, but there’s growing optimism thanks to vaccines and other factors.

On Camera

Why Indian and American Hindus must adapt in a proselytising world

Indian sampradayas have to institutionalise their knowledge and boil it down to essentials for transmission and proselytisation if they are to compete with the major Abrahamic sects.

What does NCLAT order mean for data-sharing ban, penalty imposed by CCI on Meta & WhatsApp

On 4 November 2025, NCLAT bench, comprising Chairperson Justice Ashok Bhushan and Member Arun Baroka, noted that WhatsApp and Meta are distinct legal entities.

‘Let them see’: Putin says new nuclear-powered missiles in the making, in message to Washington

At a ceremony felicitating Russian military engineers, Putin highlights Moscow’s 'parity' in defence technologies for the next century.

Trump’s trade wars have rewritten powerplay, but India didn’t get the memo

This world is being restructured and redrawn by one man, and what’s his power? It’s not his formidable military. It’s trade. With China, it turned on him.