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The Latest Breaking News from Finance

More than ₹53,600 crore GST compensation yet to be released to states this fiscal: Finance Minister

So far this fiscal, ₹96,576 crore has been released to the States on account of GST compensation

The Hindu

LS nod for J&K Budget amid spat over Pandits’ exodus

Finance Minister accuses Congress of abandoning community

The Hindu

Sixth State Finance Commission submits report to Tamil Nadu Chief Minister

It was constituted in March 2020 to examine the financial situation of rural and urban local bodies

The Hindu

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EU members should keep budgets 'reactive' over Ukraine crisis - France

EU governments need to keep their fiscal stances "reactive" in the face of the current Ukraine crisis with targetted measures for households and firms, French Finance Minister Bruno Le Maire.

Reuters

Jammu and Kashmir budget presented in Lok Sabha

NEW DELHI: Finance minister Nirmala Sitharaman on Monday presented a Rs 1.42 lakh crore budget for the Union territory of Jammu and Kashmir for the year 2022-23 in the Lok Sabha, amid demands from the opposition that it be given adequate time for studying the proposals.

The Times of India

Exclusive-Chile tax reform to focus on individuals, natural resources, finance minister says

Chile's tax reform, a key plank of new President Gabriel Boric's economic plan, will focus on individuals, natural resources and environmental levies more than corporations, Finance Minister Mario Marcel told Reuters in his first interview in office.

Reuters

Finance minister holds virtual meeting with IMF chief, discusses impact of rising commodity prices

NEW DELHI: Finance minister Nirmala Sitharaman on Friday held a virtual meeting with International Monetary Fund (IMF) managing director Kristalina Georgieva and discussed various issues, including the impact of rising commodity prices on world economy.

The Times of India

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Kerala budget 2022 highlights

Kerala Finance Minister K.N. Balagopal presented the budget in the Assembly at 9 am

The Hindu

Malaysia could spend $6.7bn in oil subsidies in 2022

KUALA LUMPUR: Malaysia's petroleum subsidies bill could more than double to 28 billion ringgit (US$6.7 billion) this year if crude oil prices remain at elevated levels following Russia's invasion of Ukraine, the finance minister said on Thursday.

Bangkok Post

Kerala in money-trap, onus on FM to revive economy

THIRUVANANTHAPURAM: Finance minister K N Balagopal is neither outspoken, nor flamboyant like his predecessor T M Thomas Isaac. His reticence and limited administrative experience make the new responsibility more onerous for him.

The Times of India

Harish says Congress concerns ‘unfounded’

Finance Minister T. Harish Rao on Wednesday clarified that the monthly Aasara pension scheme, with a reduced eligibility age of 57 effective from the next financial year, was already made sufficient allocations.

The Hindu

Looking at other sources of edible oil, says Nirmala Sitharaman

The ongoing war in Ukraine may impact the edible oil situation in India to some extent, according to Union Finance Minister Nirmala Sitharaman

The Hindu

Kerala Budget: Web portal and app launched

With the State Budget for the 2022-23 fiscal scheduled to be presented on Friday, the Finance Department on Wednesday launched a web portal and a mobile app that can be used by the public to access the budget documents and related information.

The Hindu

French finance minister Le Maire warns world heading for 1970s-style energy crisis

French Minister of Finance Bruno Le Maire has warned that the spike in energy prices caused by Russia's war in Ukraine will produce knock-on effects comparable to the 1973 oil emergency.

Radio France Internationale

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The Times of India

Increased duty on imported goods to add fillip to self-reliance: Nirmala Sitharaman

BENGALURU: Finance minister Nirmala Sitharaman on Tuesday said the Union Budget for 2022-23 was about the philosophy of 'Atma Nirbhar Bharat' (self-reliant Bharat) as customs duties were increased on those imported products which are also manufactured in India so that people buy the Indian equivalent.

The Hindu

T.N. Budget on March 18

Finance Minister will present e-Budget, says Speaker

The Hindu

Centre creating hurdles in the progress of Telangana

Finance Minister comes down heavily on the Centre

The Hindu

Govt. announces massive infrastructure improvement in schools

Finance Minister says different State-run schools will get an outlay of ₹ 7,289 crore

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The Hindu

Finance Ministers faces queries from students on GST, Income Tax relief to defence personnel

Finance Minister Nirmala Sitharaman on Sunday faced queries on Goods and Services Tax (GST) and Income Tax relief to Army personnel.

Reuters

Mozambique president names new premier and finance minister

Mozambique President Filipe Nyusi on Thursday appointed Adriano Afonso Maleiane as the new prime minister, shortly after sacking Carlos Agostinho do Rosário, and filled several other posts including finance minister as part of a cabinet reshuffle.

Reuters

France seizes Rosneft boss's yacht as it tried to flee

French customs have seized a yacht belonging to Rosneft boss Igor Sechin as it tried to leave the Mediterranean port of La Ciotat in a breach of EU sanctions on Russian oligarchs, Finance Minister Bruno Le Maire said.

Reuters

With her Ukrainian roots, Russian sanctions are personal for Canada's Freeland

Canadian Finance Minister Chrystia Freeland played a key role in getting sanctions on Russia's central bank in place, two sources said, and has been a leading voice against Russian aggression as a vocal member of the country's large Ukrainian community.

Bangkok Post

Singapore aims to clear foreign labour crunch in ‘few months’

Singapore aims to fill a shortage of overseas workers within the next few months as it progressively eases border restrictions, according to Finance Minister Lawrence Wong.

Insider UK

Finance Secretary refuses to say why investment bank CEO quit

Kate Forbes said the reasons for the resignation are a matter for her and the bank’s board

Radio France Internationale

South Africa is becoming vast welfare state, says finance minister

The maiden budget tabled by South Africa’s new Finance Minister Enoch Godongwana carefully balances his desire to stimulate economic growth and reduce borrowing with the need to assist welfare grants to the growing number of poor.

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