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The Latest Breaking News from The Ministry of Finance

IndiGo’s dominance is not about ‘success’. Here’s what Sanjeev Sanyal overlooked in his ANI interview

When Sanjeev Sanyal, Principal Economic Adviser in the Ministry of Finance, argued in a recent ANI interview with Smita Prakash that IndiGo’s dominance is not the real issue because “you can’t tax success” and that policy should instead “ensure churn”, he was appealing to a familiar liberalisation-era instinct in Indian…

Newslaundry

In Norway we see ourselves as ethically virtuous – so why is our oil wealth enabling genocide?

With an election looming, will politicians finally listen to the majority who want to divest from Israeli arms companies, asks Oslo academic Sindre Bangstad

The Guardian - UK

Japan's 10-Year Yield Hits 1.59%, Highest Since 2008 — Lawrence McDonald Warns Global Bond 'Anchor' Is Breaking Amid Stimulus, Tariff Jitters

Japan’s 10-year government bond yield soared above 1.59% on Tuesday, reaching its highest level since 2008, as markets price in potential fiscal stimulus ahead of the July 20 Upper House election. The surge comes despite the Ministry of Finance reducing super-long bond issuances, signaling strong upward pressure on shorter-term rates.

Benzinga

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After SC verdict, why were over 8,000 electoral bonds still printed?

In February 2024, the Ministry of Finance ordered the State Bank of India to stop the printing of electoral bonds. This was 12 days after the Supreme Court declared the scheme unconstitutional.

Newslaundry

Know all about new SEBI Chief Tuhin Kanta Pandey

Tuhin Kanta Pandey, who is a 1987-batch IAS officer from the Odisha cadre, would replace Madhabi Puri Buch, who completes her three-year tenure on Friday, February 28. Read further on Dynamite News:

Dynamite News

Lawrence Wong: Singapore’s New Prime Minister Seeks to Be a ‘Servant’ of the People

Known as a consumate technocrat, Wong was sworn in on Wednesday, becoming only the fourth leader of the island nation since independence

Caixin Global

China Says To Sell Initial Batch Of Long-dated Bonds This Week

The central government will begin issuing some 30-year bonds on Friday as part of a planned sale of more than $138 billion of debt, according to a notice posted to the ministry's website.

International Business Times

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Rajiv Kumar | A bureaucrat for all seasons

Chief Election Commissioner Rajiv Kumar's career, including abrupt resignations and political differences, leading to his current position.

The Hindu

Public sector banks asked to reassess gold loan process amid debt risk concerns

The Ministry of Finance has written to public sector banks to reassess their gold loan procedures amid concerns over risky debt as gold prices surge. Read further on Dynamite News:

Dynamite News

Why sustainable funding matters for India’s ‘science power’ ambition | Explained

The National Science Day theme for 2024, "Science for Sustainable Development", also highlights India's need to increase its R&D funding if it is to become a developed nation by 2047.

The Hindu

Acknowledge India’s economic successes too

The Indian economy has grown at an impressive rate in the post-COVID-19 years, and the tagline, ‘fastest-growing major economy,’ calls for some elaboration

The Hindu

The legality of the electoral bonds scheme | Explained

With the Supreme Court set to hear final arguments on October 31, The Hindu looks at the contentious issues surrounding the legality of the scheme

The Hindu

China Names Lan Foan to Be New Finance Minister

Appointment of the public finance specialist was widely expected after he was named Communist Party chief of the Ministry of Finance

Caixin Global

"Gangajal is exempted from GST", clarifies govt after Congress mounts attack

The Central government on Thursday clarified that 'Gangajal', water of the Ganga river used during prayers by households across the country, is exempted from Goods and Services Tax (GST). Read further on Dynamite News:

Dynamite News

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The Hindu

Details of unaccounted-for wealth highly classified: Government

National Institute of Public Finance and Policy (NIPFP) refused to reveal information on unaccounted income/wealth inside/outside India, citing economic interest of country.

Bangkok Post

Backup plan in works in case budget is delayed

The Ministry of Finance is preparing a backup plan to sustain the economy if delays in forming a new government affect budget disbursement for the 2024 fiscal year starting on Oct 1.

Bangkok Post

Brighter economic outlook foreseen in H2

Business operators expect economic expansion in the next six months to be led by tourism growth and rising demand for industrial goods and farm products, according to the Ministry of Finance.

The Hindu

Centre clears ₹56,415 crore to 16 States for capital investment under special assistance scheme

The Ministry of Finance has approved capital investment proposals of ₹56,415 crore for 16 States in the current financial year under a special assistance scheme announced in the Budget.

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Bangkok Post

China takes aim at ‘hidden’ public debt

BEIJING: China has begun a fresh round of nationwide inspections to work out how much money local governments owe, according to people familiar with the matter, a sign that authorities are preparing to take concrete steps to tackle a key financial risk.

The Hindu

PM Modi to launch special ₹75 coin to mark inauguration of new Parliament

The new coin to be launched on May 28 by PM Narendra Modi will bear the image of the Parliament Complex

Dynamite News

PM Modi to launch special Rs 75 coin to mark inauguration of new Parliament

Prime Minister Narendra Modi will be launching a Rs 75 denomination coin to mark the inauguration of the new Parliament building, said a press release by the Ministry of Finance on Friday. Read further on Dynamite News:

Asharq Al-Awsat

Thousands of Prisoners in Lebanon at Risk of Starvation

Prisoners in crisis-hit Lebanon are not only deprived of their freedom - due to the constant postponement of trials as a result of judicial strikes – but also face a shortage of medical supplies, lack of hygiene, and an increasing risk of starvation. In fact, the prisons’ food crisis is…

Asharq Al-Awsat

Saudi Arabia to Terminate Financial Claims in June

The Saudi Finance Ministry terminated some services for financial claims through "Etimad," a government platform that supports a partnership between the public and private sectors to achieve development goals and facilitate service procedures. Asharq Al-Awsat learned that the authorities intend to stop the service permanently at the end of next…

Newslaundry

So, what were the real reasons for the cash crunch?

“Nobody knows, nobody knows, how the elephant blows his nose. Does he do a-tishoo on a tissue? Or does he simply wipe it on his toes? Nobody knows, nobody knows.”

People

Krisada Chinavicharana

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