Finance Ministry
Latest news, explainers and analysis on Finance Ministry. Tracking 11 stories on Arth Vani.
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Latest on Finance Ministry
BreakingFinance Ministry to Launch Nationwide Financial Inclusion Drive Across 2.7 Lakh Local Bodies
The Union Finance Ministry is set to launch a major financial inclusion campaign across 2.70 lakh gram panchayats and urban local bodies nationwide. This initiative aims to ensure widespread access to financial schemes, with banks organizing camps for enrolments, Aadhaar seeding, and updates to savings account nominations.
Centre Approves Ad-hoc Bonus for Central Govt Employees for 2025-26
Central government employees will receive an ad-hoc bonus for the 2025-26 fiscal year. The Department of Expenditure has issued an Office Memorandum detailing the disbursement of this non-productivity linked bonus.
BreakingGPF Interest Rate Unchanged at 7.1% for Oct-Dec 2026 Quarter
The Finance Ministry has announced that the interest rate for the General Provident Fund (GPF) will remain at 7.1% for the quarter spanning October to December 2026. This decision ensures continued stable returns for central government employees contributing to the mandatory retirement savings scheme.
Finance Ministry Explores AI for Loan Collection, Seeks Banks' Inputs
The Union Finance Ministry is actively assessing the adoption of Artificial Intelligence (AI) tools by Indian banks for loan collection processes. As part of this review, the Ministry is seeking detailed inputs from various banks to understand their current usage and future potential.
Finance Ministry Gives No Commitment on Five-Day Bank Work Week, Report Says
The Union Finance Ministry has reportedly not committed to the long-standing demand from bank unions for a five-day work week. This development comes from a report by The Hindu, indicating continued uncertainty for public sector bank employees.
BreakingFinance Ministry to Consult Banks, Traders on New MDR Charges Over ₹2,000
The Ministry of Finance will meet with the Indian Banks Association and traders' organizations to discuss the new Merchant Discount Rate (MDR) levy. This levy applies to digital transactions exceeding ₹2,000, effective from October 15, and aims to address concerns and shield consumers from additional costs.
FinMin Asks PSB Chiefs to Mitigate Impact of Proposed 3-Day Bank Strike
The Indian Finance Ministry has instructed chiefs of Public Sector Banks (PSBs) to take measures aimed at minimizing the disruption from a proposed three-day bank strike. This directive comes as a preventive step to ensure essential banking services remain accessible to customers during the potential industrial action.
Tax Professionals Group AIMTPA Seeks Extension for Audit ITR, TAR Due Dates
AIMTPA, an association representing tax professionals, has formally requested the Finance Ministry to extend the due dates for Tax Audit Reports (TAR) and Income Tax Returns (Audit ITR). The group cites a significant increase in workload, making it challenging for professionals to meet current deadlines.
BreakingGovt Denies Plans to Scrap Equity LTCG Tax for Retail Investors
The Finance Ministry has clarified that there are no proposals being considered to abolish the Long Term Capital Gains (LTCG) tax on equities for domestic retail investors. This comes amid speculation about potential changes to the tax structure.
Government Tightens Securities Market Rules to Protect Small Investors
The Indian government has approved key changes to the proposed Securities Markets Code to streamline market investigations and empower depositories. These updates aim to increase transparency and ensure that regulatory actions against market institutions are based on expert oversight.
SBI Pays ₹8,813 Crore Dividend to Government Following Strong Profit Growth
State Bank of India has handed over a massive dividend cheque of ₹8,813 crore to the Union Government for the 2025-26 financial year. The payout comes on the back of a robust 6% growth in the bank's quarterly net profit.
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