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The Latest Breaking News from Finance

Political, financial reasons behind KSRTC CMD’s decision to step down

KSRTC CMD Biju Prabhakar's decision to step down may be due to various reasons, incl. Finance dept's reluctance to provide timely assistance. A reshuffle in Cabinet portfolios, hostile attitude of Finance dept. & deepening crisis in corp. forced CMD to inform govt. of his decision. If Finance dept. delays monthly…

The Hindu

Eknath Shinde says he has support of 220 MLAs, says Ajit Pawar-led NCP faction’s inclusion necessary for ‘certain political equations’

Remarking that all speculation about the ruling Shiv Sena-BJP government collapsing had proved false, Maharashtra Chief Minister Eknath Shinde on Friday claimed his government had the support of 220 of the 288 legislators in the Maharashtra Assembly.

The Hindu

Balagopal flays banks for delay in payment for paddy procurement

Finance Min. Balagopal blames banks for delay in payments to farmers. Unveiled mascot, logo & TV ads of Kerala Lotteries. E. Sreedharan's report vindicates govt's stand on fast mode of transport. Mascot is green grasshopper, believed to bring luck. Logo carries tagline 'Reliable, Transparent, Popular'. Govt to examine & hold…

The Hindu

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Kerala seeks nod for 1% ‘ad hoc borrowing’ in 2023-24

Kerala seeks 1% GSDP borrowing increase from Centre to offset resource loss. FM Balagopal asked for release of grants, arrears due to State. Loss of ₹8,400 cr Revenue Deficit Grant & ₹10-12K cr GST comp. FM seeks ₹265 cr Million-Plus Cities, ₹371 cr Health Grant, ₹521 cr IGNDPS, ₹750 cr…

The Hindu

Stress on continuing education and technology inputs in diabetes treatment to achieve successful outcomes

Finance Minister K.N. Balagopal has stressed the need for prioritising diabetes research in view of the significant burden of diabetes on society, both in terms of health-care costs and the well-being of individuals

The Hindu

Kollam addresses 99% of complaints received during Karuthalum Kaithangum

The district has addressed 99% of the complaints received during the Karuthalum Kaithangum adalats, Finance Minister K.N. Balagopal has said

The Hindu

Modi Cabinet Reshuffle: Amid renewed speculation of Cabinet reshuffle, Finance Minister Sitharaman calls on President Murmu

This move has been anticipated for months but upcoming important state polls and the 2024 national election have intensified the speculation. Read further on Dynamite News:

Dynamite News

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Federal structure of the country under threat: Chief Minister Pinarayi Vijayan

Chief Minister Pinarayi Vijayan accused the Centre of trespassing into the rightful domains of the States and attempting to prevent them from carrying out their responsibilities.

The Hindu

Finance Minister Nirmala Sitharaman reviews progress of implementation of Budget schemes

New Delhi Finance Minister Nirmala Sitharaman on 4 July reviewed progress of implementation of Budget schemes with secretaries of Finance Ministry and Corporate Affairs Secretary.

The Hindu

Explained | The changes to the Liberalised Remittance Scheme

The finance ministry deferred the imposition of an increased 20% rate for Tax Collected at Source to October 1, and said transactions with international credit cards overseas will not be subject to the Liberalised Remittance Scheme.

The Hindu

Row over borrowing limit: K. N. Balagopal says Kerala will approach SC

Kerala will approach the Supreme Court against the Central government’s decision to slash the State’s borrowing limit, Finance Minister K.N. Balagopal said here on Monday.

The Hindu

Customs urged to speed up clearance process

Finance Minister Arkhom Termpittayapaisith has urged the Customs Department to expedite the customs clearance procedures for exports and imports, particularly those pertaining to the automotive industry.

Bangkok Post

'Nobody shouted stop at RTE as they made very bad decision over Ryan Tubridy pay deal'

Finance Minister Michael McGrath stressed that Ireland has "established processes in place" for considering whether there has been a breach of accountancy rules or company law matters at RTE.

Irish Mirror

Delhi Cabinet Rejig: Atishi now holds 12 portfolios including Finance

Lieutenant Governor VK Saxena has approved Chief Minister Arvind Kejriwal's decision and the appointment file has finally reached the Delhi government. Read further on Dynamite News:

Dynamite News

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The Hindu

General Administration department notifies postings of IAS officers

The General Administration department has issued orders notifying the following postings.

Irish Mirror

Who are the seven RTE executives before Oireachtas Media Committee on Tubridy payment scandal?

The Irish Mirror understands that a letter from a solicitor was forwarded to the Media Committee stating that the now-resigned Director General Ms Dee Forbes will not attend due to 'poor health'

AAP

Under-pressure NZ universities get funding bail-out

Kiwi universities have been handed a five per cent funding boost which the New Zealand government hopes will reverse job and course cuts.

The Hindu

'Standing on shoulders of UPA': Chidambaram's dig at Modi govt.

P. Chidambaram countered Ms. Sitharaman’s comments made in an article about the achievements of the Modi government in the last nine years. Read more on The Hindu

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Bangkok Post

Arkhom urges BAAC to rejig farmer debt

Finance Minister Arkhom Termpittayapaisith has asked the Bank for Agriculture and Agricultural Cooperatives (BAAC) to restructure farmers' debts to reduce non-performing loans (NPLs) to 3-4% for this accounting year from nearly 8% year-on-year.

The Hindu

India-U.S. defence deals should stop Opposition’s ‘crocodile tears’ over HAL: Finance Minister Nirmala Sitharaman

The recent India-U.S. defence cooperation agreement, Indian Finance Minister Nirmala Sitharaman said, should end the Opposition’s criticism of HAL. Read more on The Hindu.

The Hindu

Smart anganwadi building inaugurated in Veliyam

Anganwadis play an important role in the creative and cognitive development of children, Finance Minister K.N. Balagopal said here on Saturday.

Bangkok Post

SEC urged to act on Stark

Finance Minister Arkhom Termpittayapaisith has told the Securities and Exchange Commission (SEC) to take action regarding Stark Corporation's negative shareholder equity to protect investors' interests and build confidence.

The Hindu

Beela Rajesh named T.N. Energy Secretary

Days after the electricity portfolio was re-allocated to Finance Minister Thangam Thennarasu, the Tamil Nadu government on Monday named IAS officer Beela Rajesh as the Secretary of its Energy Department, replacing incumbent Ramesh Chand Meena. The latter has been posted as the Secretary of the Special Initiatives Department.

AAP

Recession politics the latest NZ Labour blow

New Zealand's governing Labour party is trapped in a mire of blunders and bad news, the biggest of which might be the technical recession confirmed last week.

The Hindu

Buggana dares Opposition for a debate on State finances

Minister for Finance, Planning and Commercial Taxes Buggana Rajendranath Reddy inaugurated Regional GST and Enforcement Office on Besant Road here on Friday.

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