finance

  1. Sri Lanka approaches OPEC fund for water security project

    In a social media post, Minister of State for Finance Shehan Semasinghe said he discussed the Mahaweli Water Security Investment Program at the Finance Ministry with Youssef Al-Mulam, Asia-Pacific regional manager of the OPEC Fund, Xinhua news agency reported.According to the minister, the...
  2. Rajasthan budget proposes Rs 27 thousand crore for health sector, tap water to 25 lakh rural houses

    Jaipur: Rajasthan Finance Minister Dia Kumari on Wednesday proposed Rs 27,000 crore for the health sector and Rs 15,000 crore for providing tap water to 25 lakh rural households in the state budget for FY 2025.Presenting the full budget for the financial year, he said four lakh vacancies will...
  3. For the first time, a female IRS officer became a male.

    It is said that this is the first case of gender change in the Indian Civil Services.The Finance Ministry has accepted the request of M. Anusuya to change his name to M. Anukathir Surya and gender from male to female. “The request of Ms. M. Anusuya has been considered. Henceforth, the officer...
  4. Finance Commission constituted five-member advisory panel

    New Delhi: The Sixteenth Finance Commission headed by Arvind Panagariya on Tuesday set up a five-member advisory council to help broaden the scope of the commission.The five-member panel will be headed by Poonam Gupta, Director General of the National Council of Applied Economic Research...
  5. Government may relax 45 day payment rule for MSMEs in the budget

    New Delhi, The government may relax the requirement of making payments to MSMEs within 45 days of purchasing goods and services to prevent large companies from seeking other avenues of supply, sources said.The announcement in this regard could be made in the Budget which is likely to be...
  6. Rajasthan Deputy CM Diya Kumari will present the budget on Wednesday

    Jaipur, Rajasthan's Deputy Chief Minister and Finance Minister Diya Kumari will present the state budget in the Assembly at 11 am on Wednesday.He finalized the budget for the financial year 2024-25 at the Deputy Chief Minister's office on Tuesday.According to an official, Additional Chief...
  7. Ashok Leyland extends 'Road to School' program to Tamil Nadu

    Chennai, Ashok Leyland, the flagship company of the Hinduja Group, in partnership with Hinduja Leyland Finance has extended its corporate social responsibility (CSR) initiative 'Road to School' program to three districts in Tamil Nadu.The project seeks to bridge educational disparities among...
  8. Pakistan to approach China to restructure its US$15 billion energy debt: Report

    Islamabad, Pakistan, has decided to approach China, its permanent ally, with a formal request to restructure its $15 billion energy debt to help the cash-strapped country out of its financial troubles.Planning Minister Ahsan Iqbal and Finance Minister Muhammad Aurangzeb will visit China this...
  9. Maharashtra government to present supplementary demand of over Rs 94,000 crore to finance free amenities ahead of assembly elections

    The state cabinet, headed by Chief Minister Eknath Shinde, gave its approval after Finance Secretary Saurabh Vijay presented the Finance Department's proposal in this regard.The supplementary demands will be necessary as the government will urgently need money to allocate funds for populist...
  10. Foreign Minister Sitharaman assured the British Ambassador of strong economic ties with the new government taking charge.

    The Finance Minister reaffirmed India's commitment to boost economic and financial collaboration for the mutual benefit of both countries.The UK High Commissioner said: “I am very grateful to Finance Minister Sitharaman for finding time for an introductory call amid her intense budget...
  11. Securitization volume rose 17 percent to Rs 45,000 crore in April-June: Report

    Mumbai securitization volumes rose 17 per cent to Rs 45,000 crore in the April-June quarter of this fiscal compared to the year-ago period, according to a report on Monday.The report by national ratings agency Crisil said the latest quarterly figure is in line with the exit of a large housing...
  12. Travel Agents Association has urged the Center to address its long-standing concerns

    Kolkata, Travel Agents Association of India (TAAI) on Monday urged the government to address the long-standing concerns of the travel and tourism industry, alleging that these will not be addressed in the interim Budget presented by Finance Minister Nirmala Sitharaman on February 1. Was ignored...
  13. FY 2025 Budget should focus on tax relief to boost consumption: India Inc

    New Delhi, The Union Budget for FY25 should focus on providing relief to taxpayers, especially in lower income brackets, to boost consumption, industry players have suggested.Finance Minister Nirmala Sitharaman is scheduled to present the full budget for fiscal year 2024-25 on July 23, which...
  14. SEBI postpones SK Finance's Rs 2,200 crore IPO

    New Delhi: Capital markets regulator Sebi has kept on "suspension" the proposed initial share sale of non-banking lender SK Finance, focused on vehicle finance and commercial loans.Without disclosing the reason, the Securities and Exchange Board of India (Sebi) said "issuance of observations...
  15. If Pakistan fails to increase tax revenue, it will continue to seek relief package from IMF: Finance Minister

    Islamabad, Pakistan Finance Minister Muhammad Aurangzeb warned that the cash-strapped country will continue to seek bailouts from the IMF if it fails to raise tax revenues, according to a media report on Monday.The Pakistan Muslim League-Nawaz (PML-N) leader, in an interview with the UK-based...
  16. Telangana appoints chairpersons for 35 state-run corporations

    Most of the designated presidents are leaders of the ruling Congress party who were denied tickets to contest the Assembly elections held in November 2023.Although Chief Secretary Santhi Kumari issued seven separate orders appointing presidents for a period of two years on March 15, the same...
  17. Finance Minister completes deliberations, budget for FY 2025 will be presented on July 23

    New Delhi Finance Minister Nirmala Sitharaman concluded consultations with various stakeholders, including representatives from industry and social sectors, as part of the budget preparation exercise.Sitharaman will present her seventh budget on July 23. This would be the first full budget of...
  18. Finance Minister Sitharaman will present the Union Budget on July 23.

    The budget session of Parliament will start from July 22 and continue till August 12.“The Honorable President of India, on the recommendation of the Government of India, has approved the proposal to convene both Houses of Parliament for the Budget Session, 2024, from 22 July 2024 to 12 August...
  19. VP Jagdeep Dhankar Slams P Chidambaram Over 'Part-Timer' Remark

    Thiruvananthapuram Vice President Jagdeep Dhankar on Saturday lashed out at Congress leader P Chidambaram for his comment that the three new penal laws were "drafted by part-time workers", calling them "unforgivable" and urging him to withdraw his remarks." derogatory, defamatory and "insulting"...
  20. Emerald Finance reports 115 percent growth in Q1 FY25 consolidated EBITDA

    PNNMumbai (Maharashtra) [India], July 6: Emerald Finance Limited (BSE:EMERALD), a dynamic company offering a spectrum of banking products and financial services, today announced its unaudited financial results for Q1FY20. declare.Commenting on the financial performance, Sanjay Agarwal...