Finance Ministry
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8th Pay Commission: Finance Ministry breaks silence on implementation date - Details here
December 09, 2025 12:56 IST8th Pay Commission: The 8th Pay Commission has been constituted, with its Terms of Reference (ToR) already issued by the Ministry of Finance on November 3, 2025.
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8th Pay Commission: Will DA, HRA be stopped? Here's what government said
November 21, 2025 13:47 IST8th Pay Commission: The final report of the 8th Pay Commission is likely to see the light of day in approximately 18 months.
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Import company alleges harassment by Chennai Customs; Centre orders probe
India | October 02, 2025 22:55 ISTThe finance ministry, in a post on X, said that the government has taken cognisance of the matter raised by Wintrack Inc. and the Department of Revenue has been asked to undertake a fair, transparent, and fact-based inquiry into the present issue.
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ITR filing extension 2025-26: Taxpayers flag glitches as deadline ends today, seek extension
September 15, 2025 23:31 ISTITR filing extension 2025-26: As of 12:00 PM today, the Income Tax Department reported that 6.7 crore ITRs have been filed. Of these, 6.03 crore returns have been verified, and more than 4 crore returns have already been processed.
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GST Reforms: Finance Ministry proposes 2-slab rate structure, reduction of taxes - Details here
Business | August 15, 2025 23:46 ISTPrime Minister Narendra Modi, while addressing the nation on the occasion of India's 79th Independence Day, announced that the next generation of GST reforms will be introduced this Diwali.
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8th Pay Commission: Centre breaks silence on delay - Here's when it might be implemented!
July 22, 2025 12:02 IST8th Pay Commission: Earlier this year, in January, the government gave its nod for setting up the 8th Pay Commission aimed at revising the salaries of almost 50 lakh central government employees.
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Fact Check: Is Finance Ministry giving Rs 46,715 to every citizen? Truth behind the viral claim
India | July 20, 2025 20:48 ISTA viral WhatsApp message claiming the Finance Ministry is giving Rs 46,715 to every citizen is fake. PIB Fact Check confirmed no such scheme exists and warned it could be a phishing scam. People are advised not to click on suspicious links or share misleading messages.
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'Completely false': Finance ministry says no plan on imposing MDR on UPI payments - Details
June 12, 2025 12:13 ISTCurrently, there is no MDR on person-to-merchant (P2M) UPI transactions. The decision was taken by the Central Board of Direct Taxes (CBDT) and has been effective since January 2020.
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Finance Ministry asks RBI, UPI, others to stay alert for potential cyberattack
Technology | May 09, 2025 17:09 ISTAs tensions between India and Pakistan escalate, the Finance Ministry has asked major financial institutions and payment companies to prepare for potential cyberattacks to avoid disruption to payment infrastructure.
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Insurance Amendment Bill likely to be introduced in Parliament during monsoon session
Business | April 27, 2025 14:36 ISTThe Insurance Amendment Bill, proposing a 100% FDI cap in the insurance sector, is expected to be introduced in the upcoming monsoon session of Parliament. Key features of the bill include allowing agents to sell products from multiple insurers and simplifying foreign investment rules.
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Govt discontinues Gold Monetisation Scheme: What it means for depositors, other key details
March 26, 2025 8:25 ISTGold Monetisation Scheme: While the government has decided to discontinue the Gold Monetisation Scheme, existing gold deposits remain safe, and investors have multiple other avenues to park their wealth in gold-backed instruments.
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Bank strike postponed: 2-day nationwide strike deferred after assurance from Finance Ministry
Business | March 21, 2025 23:36 ISTThe decision to defer the strike called on March 24 and 35 was taken before the Chief Labour Commissioner who had called all parties for a conciliation meeting.
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Budget 2025: What is Economic Survey and why is it tabled in Parliament day before Union Budget?
Budget | January 31, 2025 13:18 ISTEconomic Survey 2025: The Economic Survey document is prepared by the Economic Division of the Department of Economic Affairs in the Ministry of Finance. It is formulated under the supervision of the chief economic adviser.
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UPI achieves record 15,547 crore transactions worth Rs 223 lakh crore till November 2024
Business | December 15, 2024 14:10 ISTUnified Payments Interface (UPI) has set a new milestone by crossing 15,000 crore transactions from January to November this year. According to a study, by October 2023, 75 per cent of all retail digital payments in India were through UPI.
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Banking Law (Amendment) Bill 2024: What impact will it have on nominations in your bank account?
Explainers | December 02, 2024 18:56 ISTThe Banking Law (Amendment) Bill 2024 aims to streamline banking operations and align them with contemporary financial practices, reflecting the government’s commitment to improve bank governance and enhance investors' protection.
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GST Council meet: Taxation of insurance premium to online gaming report -- what to expect today
Business | September 09, 2024 11:37 ISTThe GST Council will also decide whether to reduce the tax burden on health insurance from the current 18 per cent or exempt certain categories of individuals, like senior citizens.
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LGBTQ people can now open joint bank accounts, no restrictions: Check Centre’s new advisory
India | August 30, 2024 11:21 ISTA clarification about opening bank accounts for LGBTQ people was earlier issued by the Reserve Bank of India (RBI) to all the scheduled commercial banks on August 21, 2024, the advisory by the Department of Financial Services under the finance ministry said.
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Halwa ceremony marks final stage of Budget preperation process at North Block | WATCH
Budget | July 16, 2024 19:07 ISTThe Halwa ceremony at North Block marked the final stages of preparing Budget 2024-25, attended by Finance Minister Nirmala Sitharaman and other officials. This traditional event symbolizes the commencement of a lockdown within the finance ministry until the budget's parliamentary presentation.
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Union Budget 2024: Space industry urges government for tax holidays, PLI scheme | DETAILS
Budget | July 16, 2024 8:34 ISTThe Indian Space Association has urged the government to commit to procuring and adopting space technology solutions for various governance sectors. These sectors include agriculture, disaster management, infrastructure planning and development monitoring, and urban development.
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Budget 2024: PM Modi holds meeting with prominent economists to gather their views, suggestions
Budget | July 11, 2024 13:59 ISTThe first budget of the BJP-led government NDA in its fresh term would be significant with Prime Minister Narendra Modi having stated earlier that the third term will be used to write new chapters of bold decisions. The budget is set to be presented on July 23.
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