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The Latest Breaking News on Finance Ministry

India holds up export of 27,000 Vivo phones in clash with China

The political chasm between India and China widened after the two nuclear-armed nations clashed at a disputed Himalayan border in the summer of 2020

Livemint

Electoral bond sales across India at 29 branches of SBI from today

The Finance Ministry has authorised the country's top lender State Bank of India (SBI) to issue and encash electoral bonds

Livemint

Govt to mull more stimuli for New Year

The Finance Ministry will on Tuesday submit to the cabinet for consideration a series of economic stimulus packages to boost consumer spending during the New Year period, a ministry source said.

Bangkok Post

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Over 40 trillion yen sought for 5-year defense plan

Defense spending is planned to be set at more than 40 trillion yen in the next five-year defense program from fiscal 2023, according to sources.

The Japan News/Yomiuri

B60bn savings-bond issue planned

The Finance Ministry plans to sell 60 billion baht worth of government savings bonds next month to help finance the budget deficit, the Finance Ministry said on Thursday.

Bangkok Post

Ministry pushes new savings fund

The Finance Ministry is pushing for a mandatory provident fund intended to be a savings reserve for employees nationwide after voluntary provident funds were found to be inadequate.

Bangkok Post

Auditors in Iraq Uncover Staggering $2.5 Billion Tax Fraud

Auditors in Iraq have uncovered a massive scheme in which a network of businesses and officials embezzled some $2.5 billion from the country’s tax authority, despite layers of safeguards. The scandal poses an early test for Iraq’s new government, which was formed late last month after a prolonged political crisis.

Asharq Al-Awsat

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Talks aimed at quashing Ponzi fraud

The Department of Special Investigation (DSI) and the Finance Ministry have discussed methods to strengthen their efforts to prevent Ponzi schemes, says Fiscal Policy Office director-general Pornchai Thiraveja.

Bangkok Post

Auditors in Iraq uncover staggering $2.5 billion tax fraud

Auditors in Iraq have uncovered a massive scheme in which a network of businesses and officials embezzled some $2.5 billion from the country’s tax authority, despite layers of safeguards

The Independent UK

Centre cuts export tax on low-grade iron ore, some steel intermediates

Mint had reported in September that the government may soon notify changes in duty structure for the steel sector that could see export levy falling for certain products while being completely withdrawn from others.

Livemint

Gross direct tax collections up 31% to ₹10.54 lakh crore so far this fiscal

This collection is 61.31% of the total budget Estimates of Direct Taxes for FY 2022-23, said the Finance Ministry.

Livemint

THAI expects to name new chief in January

Thai Airways International expects to name a new permanent CEO as early as January as it proceeds with its restructuring plan, acting CEO Suvadhana Sibunruang said on Friday.

Bangkok Post

Beware SBI account holders! There is a fake SMS asking PAN update. Know details

Rebutting the claims made in the viral post, PIB has tweeted that a Fake message is being issued in the name of SBI

Livemint

Finance Ministry finalises framework for sovereign green bonds: Report

FinMin The framework is ready and it would be approved soon, the sources said. framework for sovereign green bonds

Livemint

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Livemint

Branches of this bank to issue electoral bonds from 9-15 November

The Finance Ministry said the electoral bonds shall be valid for 15 calendar days from the date of issue and no payment shall be made to any payee political party if the electoral bond is deposited after the expiry of the validity period.

Bangkok Post

Finance Ministry mulls land and building tax cuts

The Finance Ministry is considering a proposal to reintroduce a reduced land and building tax over the next two years, says Finance Minister Arkhom Termpittayapaisith.

Livemint

EPFO begins crediting interest to PF accounts; Steps to check your balance in passbook

The method to check whether your interest is credited to your PF account or not -- is through a passbook where the details of your provident fund balance are displayed. The passbook can be availed online from the EPFO website.

Bangkok Post

Cabinet approves changes to liquor regulations

The cabinet on Tuesday approved the Finance Ministry's amendment to ministerial regulations regarding the production of traditional liquor for non-commercial purposes and craft beer, ignoring the Move Forward Party's draft Progressive Liquor Bill.

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Bangkok Post

Finance Ministry trims GDP growth outlook to 3.4%

The Finance Ministry on Friday trimmed its 2022 economic growth outlook to 3.4% from 3.5% projected earlier, with the main drivers being a recovery in private consumption and the crucial tourism sector, Fiscal Policy Office (FPO) director-general Pornchai Thiraveja said.

Bangkok Post

Govt to recapitalise Thai Airways with B10bn

The government will need to raise 10 billion baht to recapitalise financially ailing Thai Airways International (THAI) to keep its shareholding in the company from dipping below 40%, according to the State Enterprise Policy Office (Sepo).

Bangkok Post

Govt to inject another B10bn into THAI

The Finance Ministry plans to inject 10 billion baht into Thai Airways International to keep its shareholding from dipping below 40%, according to the State Enterprise Policy Office (Sepo).

Reuters

Exclusive-Spain, France have owners pay for yachts frozen under Russia sanctions

Spain and France have authorized the owners of superyachts frozen under sanctions against Russian businessmen to pay for their upkeep, three sources told Reuters.

Livemint

Financial Services Secretary Sanjay Malhotra to succeed Tarun Bajaj as Revenue Secretary

Sanjay Malhotra who will assume the post of Officer on Special Duty in the finance ministry's Department of Revenue

Bangkok Post

Finance Ministry sees 2022 economic growth of 3.0-3.5%

Thailand should see economic growth of 3 to 3.5% this year, driven by the key export and tourism sectors, Finance Minister Arkhom Termpittayapaisith said in an interview on Wednesday.

Bangkok Post

Ministry eyes steps to spur spending

The Finance Ministry is considering new measures to encourage spending in a bid to maintain the Thai economic recovery, according to Pornchai Thiraveja, director-general of the Fiscal Policy Office (FPO).

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