Ministry Of Finance News - Latest Updates & Headlines
PSBs highest-ever net profit of rs 1.29 lakh crore recorded, marking 31.3 per cent growth
New Delhi, February 6: Public Sector Banks (PSBs) have recorded the combined net profit surged to an all-time high of Rs 1,29,426 crore during April-December 2024, registering a 31.3 per cent year-on-year (YoY) growth.
Government invites applications for new SEBI Chairman, current chairperson Buch to retire on Feb 27
Mumbai, January 27: The Ministry of Finance, Government of India has invited applications for the position of Chairman of the Securities and Exchange Board of India (SEBI). The appointment will be based in Mumbai, with a tenure of up to five years or until the appointee reaches the age of 65, whichever is earlier.
Investment announcements in India reach Rs 32.01 lakh crore in 9 months this fiscal
New Delhi, Jan 26: The total investment announcements stood at Rs 32.01 lakh crore in the nine months this fiscal (FY25), marking a 39 per cent increase from Rs 23 lakh crore in the same period last fiscal, reflecting a positive investment outlook, the government said on Sunday, citing a recent report by the State Bank of India (SBI).
Indian Railways on fast track with 400 energy-efficient Vande Bharat trains and Kavach safety tech
New Delhi, January 22: The Ministry of Finance has reiterated its commitment to transforming Indian Railways through ambitious projects such as the manufacturing of energy-efficient Vande Bharat trains and the implementation of Kavach, a world-class indigenous safety technology.
PM Gati Shakti: Rs11.17 lakh crore mega push with 434 projects to transform India's logistics
New Delhi, January 22: In a push to strengthen India's logistics infrastructure, the Ministry of Finance has announced the identification of 434 projects under the PM Gati Shakti initiative.
Ministry of Finance reveals vision for Gaya's industrial node to propel economic growth in Eastern India
New Delhi, January 22: The Ministry of Finance has underscored the transformative impact of the Amritsar-Kolkata Industrial Corridor (AKIC) in boosting industrial and economic growth in eastern India, particularly through the establishment of an industrial node at Gaya, Bihar.
Union Budget: COAI calls for further reforms to revitalise telecom industry
New Delhi, Jan 20: In a bid to further revitalise the telecom industry, the Cellular Operators Association of India (COAI) on Monday released the telecom industry's recommendations for the upcoming Union Budget 2025-26 to the Ministry of Finance.
Net direct tax collections surge 16 pc to Rs 16.90 lakh crore so far in FY25
New Delhi, Jan 14: India's net direct tax collections recorded a robust 15.88 per cent jump to Rs 16.90 lakh crore during April 1, 2024-January 12, 2025 of the current financial year compared to the same period of the previous financial year, according to latest figures compiled by the Income Tax Department.
Tuhin Kanta Pandey takes charge as Revenue Secretary
New Delhi, January 9: The current Finance Secretary, Tuhin Kanta Pandey, took charge as the Secretary, Department of Revenue, Ministry of Finance on Thursday.
Indian Micro Finance sector grows by over 2,100% in 12 yrs
New Delhi, January 9: The business of Micro Finance Institutions (MFIs) industry has risen from Rs 17,264 crores in March'12 to Rs. 3.93 lakh crore as of November'24, M Nagaraju, Secretary, DFS, Ministry of Finance was apprised by the industry representatives during a meeting in New Delhi.As per the MFI stateholders, the industry has grown more than 2176 per cent over 12 years.