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The Latest Breaking News from Finance

Chief tax writers working to broaden appeal of tentative accord - Roll Call

A bipartisan, bicameral $70 billion tax agreement taking shape on the Hill is drawing mixed reviews, pointing to potential challenges ahead.

Roll Call

Naidu making false claims on State’s debt, says Buggana

Finance Minister Buggana Rajendranath Reddy refutes TDP's allegations of state finances in disarray and debts of ₹13 lakh crore.

The Hindu

IFSC needs to ready platform where green credits can be traded: FM Nirmala Sitharaman

Finance Minister Nirmala Sitharaman on January 11 said India has a $10.1 trillion funding gap to meet its net zero commitment and asked IFSC to set up a platform where green credits can be traded.

The Hindu

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Telangana yet to get Centre’s permission to raise market borrowings for Q4

The Telangana government has apparently landed in a piquant situation in raising resources through open market borrowings for the January-March quarter of the current financial year

The Hindu

Tamil Nadu continues to be the second largest State economy: Finance Minister

Ahead of the Global Investors’ Meet, Finance Minister Thangam Thennarasu dismissed claims that Uttar Pradesh had overtaken Tamil Nadu as the second largest State economy

The Hindu

Kerala for ‘innovative measures’ to raise additional resources

In the run-up to the 2024-25 State Budget, the State government is looking at “innovative measures” for mobilising the much-needed additional resources.

The Hindu

NITI Aayog Vice Chairman holds meeting with Chief Minister, Finance Minister

Pinarayi Vijayan seeks NITI Aayog's intervention to resolve Kerala's financial issues.

The Hindu

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Smita Sabharwal transferred out of CMO in a major reshuffle of IAS officers in Telangana

Telangana IAS officers reshuffled; Smita Sabharwal appointed as TS Finance Corporation member secretary.

The Hindu

Madhya Pradesh CM Mohan Yadav distributes portfolios, keeps Home

Madhya Pradesh Cabinet expansion: CM Mohan Yadav keeps Home Dept, Deputy CM Jagdish Devda gets Finance Dept.

The Hindu

Playwright's words from 2015 perfectly sum up Scotland's economy in the Union

A PLAYWRIGHT’S prophetic words from 2015 are being applauded for perfectly summing-up Scotland’s financial situation within the Union.

The National (Scotland)

White Paper on Telangana State finances presented by Deputy CM

Deputy Chief Minister Bhatti Vikramarka Mallu tables White Paper on Telangana State Finances in State Assembly.

The Hindu

NZ government axes $7b in projects as forecasts worsen

New Zealand Finance Minister Nicola Willis says the previous government were "economic and fiscal vandals", revealing a worsening set of economic forecasts.

AAP

'Patronising' Labour MSP tells Finance Secretary to sit down and be quiet

A “PATRONISING” Labour MSP has been called out by the Finance Secretary after he signalled for her to sit down and be quiet while she was…

The National (Scotland)

Scottish Budget: The key points from Shona Robison's financial statement

FINANCE Secretary Shona Robison has set out her first Scottish Budget...

The National (Scotland)

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The National (Scotland)

Shona Robison to deliver 'toughest ever' Budget as fears raised over cuts

FINANCE Secretary Shona Robison will deliver the Scottish Government’s Budget today – against the backdrop of what she has called the “most…

The National (Scotland)

How the Scottish Budget works – and why there's a £1.5 billion shortfall

THE Scottish Budget has a shortfall. In May, Shona Robison, Deputy First Minister and also Finance Secretary, announced that the Scottish Government…

The Canberra Times

Majura Valley split blocks issue to go to Finance Minister Katy Gallagher

The farmers have not had a secure lease for 18 years.

The Conversation

Budget update forecasts deficit of $1.1 billion this financial year

The federal budget is headed for a small $1.1 billion deficit this financial year, according to the update released by Treasurer Jim Chalmers and Finance Minister Katy Gallagher on Wednesday morning.

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The Hindu

PM talking up transformative GDP but what matters is annual growth rates over longer period: Congress

The Congress said that PM Modi and Finance Minister Nirmala Sitharaman are “repeatedly talking up” transformative GDP growth based on the recent July-September numbers but what matters more is annual growth rates over a longer period

The Hindu

Bhatti reviews functioning of Finance department

Min. Vikramarka reviews State finances: Finance Special Chief Secretary K. Ramakrishna Rao briefs newly appointed Minister on department functioning. Cabinet decision to assess finances and release white paper to explain situation to people.

StockNews.com

3 Defense Stocks to Watch for Investment Opportunities This Week

The aerospace and defense industry, attracting investor interest due to the Israel-Hamas conflict, is poised for sustainable growth due to increased defense budgets and technological advancements. Therefore, fundamentally sound defense stocks CPI Aerostructures (CVU), Textron (TXT) and Willis Lease Finance (WLFC) might be worth adding to boost your portfolio. Continue…

The Hindu

Cyclone Michaung: Insurers have received motor insurance claims for 2,320 vehicles

Insurers receive 2,320 motor insurance claims due to Cyclone Michaung; Finance Minister urges speedy settlement. State govt to provide vacant spaces for vehicle repair, towing vehicles from other districts. Insurers assure speedy settlement of claims.

Fortune

Tech dominates the Fortune Future 50 list as ‘long-term growth potential of the sector is alive and well’

Along with growth, the companies are on the road to providing outsize returns for shareholders in the long term.

The Hindu

AP Finance Minister inaugurates GST Seva Kendram and releases Vision & Mission of Commercial Taxes Department

Finance Minister Buggana Rajendranath Reddy inaugurated GST Seva Kendram and released Vision & Mission of Commercial Taxes Dept. He also launched GST Mithra to identify & correct discrepancies in tax returns. Incentive Awards presented to 195 meritorious officers & staff.

The Hindu

Average monthly GST mop-up at ₹1.66 lakh crore so far this fiscal: Finance Minister Nirmala Sitharaman

GST collection has been increasing since 2017, with average monthly mop-up in FY 2023-24 at ₹1.66 lakh crore, 11% higher than previous year. Govt. has brought reforms to improve compliance and increase collection, such as e-way bill, ITC matching, e-invoice, etc. 14,897 appeals pending as of Oct. 2023, higher than…

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