The government has flagged concerns about money laundering and terror financing risks linked to real-money gaming platforms
Economists say move will aid foreign investment inflows and lower borrowing costs
Regular engagements with global investors to address their concerns, further simplifying processes as well as easing compliances to boost inflows are part of the plan
The appointment ends a four-month vacancy at the insurance regulator; Seth brings nearly four decades of public finance and policy experience to the role
With the GST compensation loan expected to be paid by October, the council will have to take the call on the levy, the legality of which could be called into question once the debt is cleared
Finance and textiles secretaries to chair meeting with managing directors of SBI, PNB, BoB and others to focus on green financing, MSME credit ratings and subsidy bottlenecks
The government has pegged mid-year mop-up at Rs 11.34 lakh crore, driven by inflows from the second advance tax instalment which is due September 15
After successful OFS in March 2024, DIPAM eyeing a second tranche, depending on market conditions
The government is, however, unlikely to concede on other NBFC demands, including reduction in the Rs 20 lakh SARFAESI threshold
The committee's recommendations include a common KYC form, risk-based graded eKYC norms, and KYC portability, meaning customers will no longer need to undergo the same process multiple times across different financial institutions.
By 2047, the government is pushing for the creation of large-scale banks capable of competing globally — including a vision for at least two Indian banks to be among the world’s top 10.
Compensation plan for OMCs for under-recoveries in LPG is in its final stages; to be funded via excise duty hike kitty
Move aims to plug leakages in health insurance claims; FinMin finds hospitals are inflating bills based on policy limits
Move marks revival of eight-year-pending stake sale in fertiliser PSUs; OFS could follow within a month of appointments if market conditions permit
The government aims to further reduce ceiling slabs, streamline exemption lists, and rationalise high-rate items
The transaction has already received the necessary regulatory clearances, including approval from the Reserve Bank of India (RBI)
Government expects up to Rs 80,000 crore from disinvestment in LIC and IDBI, the two key transactions, against the Rs 47,000 crore Budget target for capital receipts
ULI aims to digitally transform credit delivery through seamless data sharing and verification, reducing bottlenecks for MSME lending
While the non-corporate tax witnessed 2.68 percent negative growth in advance tax, corporate tax grew by 5.86 percent till June 19.
IRDAI has, so far, inspected six to seven insurance companies, covering both public sector and private players, with further checks planned in the coming months
Copper importers have received retrospective show-cause notices from the customs department, prompting industry to send a representation to the Finance Ministry seeking relief for the traders.
Finance Minister calls for coordinated district-level camps and inter-agency cooperation to return unclaimed amounts to rightful owners
The project’s date of operation has been pushed back by nearly three years to June 2027 and the cost is projected to rise to Rs 17,080 crore from Rs 13,277 crore
Coal and roads outperform targets, while Railways lags with over 81 percent shortfall. NITI Aayog is revamping its approach for the second NMP (2025–30) with a Rs 10 lakh crore target.
The asset sale process is under way and has a deadline of March 2026 but this could be missed due to state-level hurdles, say officials
