Category: Finance

GIFT City to be the gateway for India’s vision to become developed nation by 2047, says Union Finance Minister Smt. Nirmala Sitharaman at the 10th Vibrant Gujarat Global Summit in Gandhinagar The GIFT City is ideally poised to be the gateway for financial and investment hub and has an important role to play in fulfilling […]

Income Tax Department initiated search and seizure operations in the case of a group, engaged in the manufacturing of wires and cables and other electrical items on 22.12.2023. Some of the authorised distributors of the group were also covered in the search. The search action was conducted at more than 50 premises located in Mumbai, […]

In the year 2023, the Department of Investment and Public Asset Management (DIPAM) demonstrated a steadfast commitment to value creation, strategic divestment, and consistent financial planning. One of the key highlights in 2023 was the emphasis on value creation in Central Public Sector Enterprises (CPSEs). Since the introduction of the New PSE policy in January […]

Dr. Joshi also chairs two meetings on ‘Acquisition of accounts by NARCL’ and ‘Resolution of accounts under the provisions of IBC’ Dr Vivek Joshi, Secretary, Department of Financial Services (DFS), today presided over a workshop on ‘customer service’ attended by MDs/ EDs of banks including that of Public Sector Banks (PSBs). During the workshop, a […]

World Bank and Department of Economic Affairs launch PPP Beginner’s e-course to foster collaboration between public and private sectors in infrastructure capacity-building In a significant step towards fostering collaboration between the public and private sectors in infrastructure capacity-building, Shri Ajay Banga, President, World Bank Group, launched the Public-Private Partnership (PPP) Beginner’s e-Course in the presence […]

“On December 13, 2023, we, Shri Sanjay Malhotra, Revenue Secretary, Ministry of Finance, Government of India, and U.S. Treasury Under Secretary for Terrorism and Financial Intelligence, Mr. Brian Nelson, reconvened and co-chaired the India-U.S. Anti-Money Laundering/Countering the Financing of Terrorism (AML/CFT) Dialogue. The Ministry of Finance hosted the dialogue in New Delhi. We the co-chairs […]

EODES will facilitate implementation of India-Korea Comprehensive Economic Partnership Agreement (CEPA) by electronic exchange of origin information between the two customs administrations for goods traded under the CEPA Mr. Sanjay Kumar Agarwal, Chairman, Central Board of Indirect Taxes & Customs (CBIC), launched the India-Korea Electronic Origin Data Exchange System (EODES), in the presence of Mr. […]

Senior officers from Central Bureau of Investigation (CBI), Chief Vigilance Officers (CVOs) of Public Sector Banks (PSBs) and Financial Institutions attend review meeting Review meeting focused on progress made in investigation and resolution of large value fraud cases Focus of review meeting on recovery and enforcement action through deeper coordination and use of digital technology […]

Union Minister for Finance and Corporate Affairs Smt. Nirmala Sitharaman lauds professional excellence of DRI and its officers in curbing smuggling of contraband goods Union Minister of State for Finance Shri Pankaj Chaudhary appreciates DRI in breaking nexus of organised groups Chairman, CBIC, releases ‘Smuggling in India Report 2022-23’; appreciates DRI for successful organisation of […]

Union Minister of Housing and Urban Affairs Shri Hardeep Singh Puri addresses the National Workshop on ‘Leveraging private finance for urban infrastructure development – Learnings from G20 Infrastructure Working Group (IWG)’ in New Delhi Chairman EAC-PM Dr. Bibek Debroy underscores reform in city governance structure and relook at definition of urban landscapes DEA Secretary Shri […]