GOVERNMENT FINANCES

Madhya Pradesh government presented the state budget for 2024-25 with an outlay of Rs 3.65 lakh crore, focusing on infrastructure and welfare of women and tribals without announcing new taxes. Finance Minister Jagdish Devda faced opposition uproar r...

Pavan Choudary, chairman, Medical Technology Association of India (MTAI), termed the move a path-breaking effort by the government towards equitable policy making, spanning the crucial last mile which was uncovered so far.

The Commission shall make recommendations to the matters such as the principles governing the distribution between the State of Assam and the Panchayats and the Municipalities of the net proceeds of taxes and duties levied and collected, the measure...

"The fiscal situation of West Bengal is confronting multiple fiscal risks and public finance management issues exposing serious lapses on the part of the (state) government. It is very disturbing, shocking, and shattering to see that West Bengal is ...

Finance ministry has scheduled a meeting on Tuesday with heads of state-owned banks and financial institutions. The purpose of the meeting is to review the progress of the government's key financial inclusion schemes, including the Jan Dhan Yojana, ...

The 16th Finance Commission will tackle issues related to the distribution of freebies and compensation for providing green cover, Chairman Arvind Panagariya announced on Monday. After discussions with the Himachal Pradesh government, Panagariya exp...

The Kerala government accused the Centre of undermining the country's federal structure, leading to a financial crisis in the state. Finance Minister Balagopal said that the Centre's treatment of funds raised by the Kerala Infrastructure Investment ...

Sitharaman mentioned the ongoing taxation of petrol and diesel through excise duty and VAT, urging states to collaborate in the GST Council to decide on the tax rate.

Finance Minister Nirmala Sitharaman on Saturday said the intention of the central government has always been to bring petrol and diesel under GST, and it is now up to the states to come together and decide on the rate. She said a provision has alrea...

Back as FM, Sitharaman’s new challenges include economic costs of climate change, low job creation & tepid private investment

Nirmala Sitharaman took charge of Finance Ministry for her second consecutive term and isset to present FY '25 Budget defining Modi 3.0 government's priorities. She was greeted by officials upon reaching office. Her previous tasks included base corp...

Modi's new cabinet: Indian Prime Minister Narendra Modi's decision to reappoint Nirmala Sitharaman as the country's finance minister signals policy continuity, reassuring market analysts. With a focus on infrastructure and fiscal discipline, Sithara...

If you are confused or confounded by personal finance terms, jargon and calculations, here’s a new series to simplify and deconstruct these for you. In the second part of this series, Riju Mehta explains bond yield and how it is calculated.

As a staunch defender of the Modi government's economic policies and executor, Nirmala Sitharaman created a record when she was appointed as the first female Raksha Mantri, or Defence Minister, in 2017. Prior to that, she was industry and commerce m...

Modi is set to be sworn in for third term as India's Prime Minister in coalition government with key partners Telugu Desam Party and Janata Dal (United). Economists anticipate focus on economic reforms to achieve goal of Vikshit Bharat by 2047. Budg...

The Reserve Bank of India (RBI) has warned lenders, particularly in the microfinance sector, against charging "usurious" interest rates by exploiting the regulator's freedom. While most lenders follow guidelines on the Key Facts Statement (KFS), som...

Prime Minister Narendra Modi and the Bharatiya Janata Party (BJP) have consistently opposed the distribution of freebies, as seen in their manifesto "Modi ki Guarantee," which avoided commitments like guaranteed pensions for government employees or ...

The Pakistan government is likely to present the budget with the outlay of around Rs 18 trillion for the financial year 2024-25 on June 12, a minister said on Wednesday. The government will table the budget in the National Assembly after approval fr...

In a post on X, Sitharaman said India's banking sector turned around due to Prime Minister Narendra Modi's strong and decisive leadership, and recently achieved a significant milestone by recording its highest-ever net profit of over ₹3 lakh crore. ...