Civil Accounts Day 2024 celebrated in New Delhi to mark the 48th foundation day of Indian Civil Accounts Service (ICAS)

PFMS is the cornerstone for establishing an efficient fund flow mechanism for facilitating a real time, reliable and meaningful management information system: Smt. Nirmala Sitharaman Union Finance Secretary commends initiatives taken by the CGA in e-Bill Implementation and Bill Payment Efficiency for the Union accounts; urges end-to-end implementation of the e-bill system for 100% coverage […]

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Union Minister for Finance and Corporate Affairs Smt. Nirmala Sitharaman virtually launches seven infrastructure projects

Union Minister for Finance and Corporate Affairs Smt. Nirmala Sitharaman virtually launches seven infrastructure projects worth over Rs, 1,000 crore from New Delhi Union Minister for Finance and Corporate Affairs Smt. Nirmala Sitharaman virtually launched seven infrastructure projects worth over Rs. 1,000 crore from New Delhi, today. The launch was also attended by Shri Sanjay […]

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Union Finance Minister releases ‘पुरावशेष के प्रहरी’, an information brochure depicting select antiquities

Union Finance Minister Smt. Nirmala Sitharaman virtually presides over handing-over ceremony of 101 antiquities seized by Customs to the Archaeological Survey of India (ASI) Prime Minister Shri Narendra Modi has been making sure that stolen artefacts and antiquities are brought back to India from various countries: Union Finance Minister Revenue Secretary highlighted twin role of […]

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Remote LCS being EDI enabled will help in providing real-time data of movement of goods: Union Finance Minister

Union Finance Minister Smt. Nirmala Sitharaman launches Electronic Data Interchange (EDI) at remote Land Customs Stations in North Eastern States EDI enablement of customs stations is making tax system and customs procedures ‘faceless’ and ‘automated’: Revenue Secretary North Eastern Region (NER) holds a high geostrategic significance and carries an immense trade potential as the Land […]

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Union Finance Minister Smt. Nirmala Sitharaman interacts with start-up and fintech ecosystem stakeholders

Smt. Sitharaman asks regulators to hold monthly meeting with startups and fintech firms to address their issues and concerns DFS to ensure simplification and digitisation of KYC across all fintech segments Union Minister for Finance and Corporate Affairs Smt. Nirmala Sitharaman chaired a meeting with Start-up and FinTech Ecosystem Entities, in New Delhi, today. The […]

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Union Finance Minister chairs 28th meeting of Financial Stability and Development Council (FSDC) in New Delhi

FSDC members focus on strengthening inter-regulatory coordination in financial sector to support inclusive economic growth FSDC emphasises constant vigil and proactive efforts towards detecting emerging financial stability risks given domestic and global macro-financial situation The Council to formulate strategy to simplify and digitalise KYC process in financial sector; kickstart fund-raising by social enterprises through social […]

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Japan commits Official Development Assistance (ODA) loan of Japanese Yen (JPY) 232.209 billion for nine projects in various sectors in India

The Govt. of Japan has committed Official Development Assistance loan of an amount of JPY 232.209 billion for nine (09) projects in various sectors. The Notes were exchanged today between Mr. Vikas Sheel, Additional Secretary, Department of Economic Affairs, Ministry of Finance, Government of India, and Mr. Suzuki Hiroshi, Ambassador of Japan to India. The […]

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Finance Minister also releases three souvenir coins, available for purchase from the SPMCIL website

Union Finance Minister Smt. Nirmala Sitharaman presides over 19th Foundation Day celebrations of Security Printing and Minting Corporation of India Limited (SPMCIL) in New Delhi Smt. Sitharaman lauded SPMCIL for various initiatives to modernise operations and products with enhanced security Union Minister for Finance and Corporate Affairs Smt. Nirmala Sitharaman presided over the 19th Foundation Day […]

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16th Finance Commission

16th Finance Commission holds first meeting under Chairmanship of Dr. Arvind Panagariya in New Delhi The 16th Finance Commission (XVI-FC) held its first meeting under the Chairmanship of Dr. Arvind Panagariya in Jawahar Vyapar Bhawan, Janpath, New Delhi. The Chairman and Members were welcomed by Secretary, XVI-FC, Shri Ritvik Ranjanam Pandey and other officials of the […]

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SUMMARY OF THE INTERIM UNION BUDGET 2024-25

INDIA’S REAL GDP PROJECTED TO GROW AT 7.3 PER CENT IN FY 2023-24 FINANCE AND CORPORATE AFFAIRS MINISTER SMT NIRMALA SITHARAMAN PRESENTS THE INTERIM UNION BUDGET FOR 2024-2025 IN PARLIAMENT CAPITAL EXPENDITURE OUTLAY FOR THE NEXT YEAR IS BEING INCREASED BY 11.1 PER CENT TO RS 11,11,111 CRORE, WHICH WOULD BE 3.4 PER CENT OF […]

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