Finance Secretary

US tariffs could shave up to half a percentage point off India GDP, says Finance Secretary

"Now there is a sign of that…we grow about 6.5% in the current year," said Seth, speaking at a Hudson Institute event on the sidelines of the Spring Meetings of the International Monetary Fund and World Bank in Washington.

India focused on sustainable growth, budget 2025-26 emphasizes long-term vision and entrepreneurial spirit: Finance Secretary

Talking about the Union Budget, Pandey emphasized its balanced approach, featuring both demand and supply-side measures. He stressed that India's focus is on entrepreneurial energy, increasing productivity, and enhancing employability among the youth.

Centre appoints senior bureaucrat Tuhin Kanta Pandey as finance secretary

The position of the finance secretary became vacant after T V Somanathan moved as the Cabinet secretary last month

Earners of Capital Gains Aren’t Poor; We’ll Keep Taxing Them Says Finance Secy On Budget 2024

Finance Secretary of India and Divestment secretary on why focus on jobs was important, why increase in capital gains tax is a simplification exercise and how India has changed its strategy towards divestment.

Finance Secretary TV Somanathan confident nominal GDP growth is unlikely to be below 10.5%

Finance Minister kept the nominal growth target unchanged at 10.5% for 2024-25, finance secretary, TV Somanathan in an interview to Moneycontrol said he expects real growth between 6.5-7 % for FY 25

Indian election process is the gold standard- Ashok Lavasa

From assigning responsibilities for each task to stringent tests of EVMs to a year or longer of planning—an insight into the art of organising an Indian general election. The former election commissioner explains the gold standard of organising elections

'Fin Secy-led expert panel on uniform KYC norms has been in existence for a while'

The topic of KYC is being widely discussed of late following Reserve Bank of India's clampdown on Paytm Payments Bank over several compliance violations

TV Somanathan: PFMS reforms will lead to higher savings in FY23 compared to last year

The core of the PFMS reforms is the just-in-time release of funds. Initiated in 2021, the SNA dashboard enables ministries and departments to monitor the movement and disbursal of funds.

Budget 2023: Adani episode will not dent India’s image, says Finance Secy

Finance Secretary says government’s priorities were to drive growth. Indian budget estimates are reasonable and that Adani episode will not dent India’s image overseas.

No off-Budget borrowing in FY24, says Finance Secretary TV Somanathan

The Budget for 2023-24 has estimated the Food Corporation of India’s Internal and Extra Budgetary Resources (IEBR) at Rs 1.45 lakh crore

On course to achieve fiscal deficit target, says Finance Secretary Somanathan

The Union Budget has pegged the fiscal deficit at Rs 16.61 lakh crore or 6.4 per cent of the gross domestic product (GDP) for the financial year ending March 2023.

India in a relatively stronger position than many other countries: Finance secretary

Saying that the fiscal situation was less challenging last year, T V Somanathan stressed that the government will work on maintaining growth and fiscal stability, while the primary responsibility of controlling inflation lies with the Reserve Bank of India.

Low Budget allocation to healthcare: Finance Secretary says it is primarily states' responsibility

Finance Secretary T V Somanathan said the Centre provides for some "cross-cutting health infrastructure" and also spends on the Pradhan Mantri Jan Arogya Yojana, which helps people from lower strata of the society to access healthcare.

Moneycontrol Daily: Your Essential 7

A daily round-up of the most interesting articles to help jump-start the day.

India committed to predictability in taxation, says Finance Secretary as Govt seeks to undo retro tax

The proposed Bill lays down the procedure for tax refunds subject to conditions, Finance Secretary TV Somanathan said, adding that it "represents the best way forward" and offers a "fair solution" to companies who have objected to the retro tax law.

INTERVIEW | Cutting income tax rates isn't the only way to provide relief: Finance Secretary

In an exclusive interview to Moneycontrol, Ajay Bhushan Pandey said that GST collections in the last couple of months have improved because of systemic changes undertaken by the department of revenue, without increasing tax rates.

Interview | There are still certain sectors which may require some interventions, says Finance Secretary Ajay Bhushan Pandey

The Narendra Modi government is now focused on sector-specific interventions, and is speaking to stakeholders across the board as it prepares its next set of stimulus announcements, Finance Secretary Ajay Bhushan Pandey told Moneycontrol in an interview.

Govt designates Ajay Bhushan Pandey as Finance Secretary

Pandey had taken charge as the Revenue Secretary in November 2018, replacing Hasmukh Adhia who was to retire at the end of the month.

Work begins on Budget proposals; DFS approves raising deposit insurance to Rs 5 lakh: Finance Secretary

The move will help boost confidence of people in the banking system which has been shaken after a scam last year in Punjab and Maharashtra Cooperative Bank (PMC Bank) which affected lakhs of customers.

Economic capital framework report still being finalised: Finance Secretary Subhash Chandra Garg

The committee on ECF was set up by the central bank in December last year and was expected to submit its report within 90 days from the date of its first meeting.

Finance Secretary Ajay Narayan Jha gets one-month extension; named Finance Commission member

The Appointments Committee of the Cabinet has approved extension in service of Jha, Finance Secretary and Secretary, Department of Expenditure, for a period of one month beyond his superannuation, i.e. January 31 this year, said the order issued by the Personnel Ministry.

Government to make announcement on RBI on Tuesday: Report