Others News

FEMA Amendment 2025: Bonus Shares Permitted for Foreign Investors in Restricted Sectors

12 June 2025 at 09:05

The Ministry of Finance has notified an amendment to the Foreign Exchange Management (Non-debt Instruments) Rules, 2019, allowing Indian companies operating in sectors where Foreign Direct Investment (FDI) is prohibited to issue bonus shares

Posted in Others | 720 Views

RBI Slashes Repo Rate by 50 bps to 5.50% in June 2025

07 June 2025 at 09:14

RBI cuts repo rate by 50 bps to 5.50% in June 2025 MPC meet to support growth; CPI inflation forecast lowered to 3.7%, GDP growth retained at 6.5%. Policy stance shifted to neutral.

Posted in Others | 195 Views

FM Sitharaman Inaugurates New DRI Headquarters in New Delhi: Calls for Smarter, Dharma-Rooted Enforcement

05 June 2025 at 09:25

Union Minister for Finance and Corporate Affairs Smt. Nirmala Sitharaman and Union Minister of State for Finance Shri Pankaj Chaudhary inaugurate Directorate of Revenue Intelligence (DRI) headquarters building, in New DelhiView enforcement and facili

Posted in Others | 153 Views

Finance Ministry Calls for Streamlining of Central Schemes Ahead of 2026 Deadline

05 June 2025 at 09:23

The Finance Ministry has called for a stricter and outcome-driven approach to reappraise all Central Sector Schemes (CSs) and Centrally-Sponsored Schemes (CSSs) that are set to end by March 31, 2026.

Posted in Others | 81 Views

Rs 500 Note Not Being Discontinued: PIB Fact Check Debunks Viral Claim

04 June 2025 at 09:19

In the age of viral misinformation, yet another baseless rumour is doing the rounds-this time claiming that the Reserve Bank of India (RBI) will discontinue the circulation of Rs 500 currency notes by March 2026.

Posted in Others | 2367 Views

Ministry of Finance appoints Punjab National Bank as Official Liquidator for 32 Defunct Banks

04 June 2025 at 09:05

The Ministry of Finance (Department of Financial Services) has officially appointed Punjab National Bank (PNB) as the official liquidator for the winding-up proceedings of 32 defunct banking companies, as per a notification dated June 3, 2025.

Posted in Others | 2337 Views

Indian Civil Accounts Service Rules, 2025 Released

31 May 2025 at 08:32

In a significant administrative reform, the Ministry of Finance (Department of Expenditure) has notified the Indian Civil Accounts Service (Group 'A') Rules, 2025, replacing the older 2006 rules.

Posted in Others | 1158 Views

Retired Central Govt Employees Can Now Claim Extra Pension Benefits Under UPS

31 May 2025 at 08:32

Retired Central Government NPS Subscribers with minimum 10 years of qualifying service can claim additional benefits under Unified Pension Scheme (UPS)

Posted in Others | 1059 Views

India's GDP Records 6.5% Growth in FY 2024-25, Q4 Outpaces with 7.4%

30 May 2025 at 16:19

PROVISIONAL ESTIMATES OF ANNUAL GROSS DOMESTIC PRODUCT FOR 2024-25 AND QUARTERLY ESTIMATES OF GROSS DOMESTIC PRODUCT FOR THE FOURTH QUARTER (JANUARY-MARCH) OF 2024-25

Posted in Others | 1242 Views

Centre Begins 5-Year Review and Approval Process for CSS and CS Schemes

30 May 2025 at 09:23

Central Government kickstarts the five-yearly process of appraisal and approval of Centrally Sponsored Schemes (CSSs) and the Central Sector Schemes (CSs)

Posted in Others | 150 Views