Finance Ministry

March 6, 2026 10:39 AM

8th Central Pay Commission invites stakeholder representations; online submissions open until April 30

The Eighth Central Pay Commission has invited representations and memorandums from stakeholders, including serving employees, pensioners, associations, unions and organizations, regarding pay structure and related matters. According to the Ministry of Finance, the Commission has provided a structured online format for submitting suggestions and representations through its official website, 8th Central Pay Commission portal (8cpc.gov.in). Stakeholders can also submit their memorandums through t...

January 1, 2026 4:35 PM

Year-ender 2025: DIPAM strengthens public finances through higher CPSE dividends, disinvestment and capacity building

The Department of Investment and Public Asset Management (DIPAM) played a key role in strengthening public finances and enhancing value creation in Central Public Sector Enterprises (CPSEs) during 2025, according to Finance Ministry's year-end review. Through effective capital management, strategic disinvestment and focused capacity-building initiatives, DIPAM continued to advance market-oriented reforms while boosting non-tax revenue for the government. Rising Dividend Receipts from CPSEs De...

December 12, 2025 1:41 PM

Skilled workforce and stronger small enterprises could drive major job growth in India: NCAER report

A new report by the National Council of Applied Economic Research (NCAER) has found that boosting workforce skills and improving the productivity of small enterprises could significantly accelerate job creation in India, helping sustain GDP growth of around 8% in the coming years. The study, “India’s Employment Prospects: Pathways to Jobs”, authored by Professor Farzana Afridi and her research team, was released on December 11 by NCAER Vice Chairman Manish Sabharwal. The report highlights...

August 28, 2025 4:44 PM

India launches bold reforms to offset global trade pressures: Finance Ministry

The resilience of India’s external sector has been a key factor in maintaining a stable macroeconomic environment amid a global trade landscape marked by tariff adjustments and rising uncertainty, the Finance Ministry said in its Monthly Economic Review. The report stated that India has introduced bold reforms to mitigate the impact of global shocks. Persistent challenges such as tariff-related uncertainties, geopolitical tensions, and supply chain disruptions have affected global trade. ...

July 28, 2025 5:11 PM

With resilient Q1 growth, Indian economy ‘steady as she goes’ in FY26: Centre

The first quarter of FY26 presents a picture of resilient domestic supply and demand fundamentals. With inflation remaining within the target range and the monsoon progressing on track, the domestic economy enters the second quarter of FY26 on a relatively firm footing, according to the Finance Ministry’s Monthly Economic Review for June 2025, released on Monday. The report adds that the economy gives the impression of being "steady as she goes" for the current fiscal year (FY26). India’s m...

July 15, 2025 1:31 PM

India’s average inflation falls 3% in 11 years of Modi government

India’s retail inflation has averaged around 5% over the last 11 years, showing a steady decline in recent months and reaching a more than six-year low of 2.1% in June 2025. According to data from the Finance Ministry, the average inflation during Prime Minister Narendra Modi’s tenure stands at 5.1%, a significant drop compared to the 8.1% in the UPA regime. Between January 2012 and April 2014, during the UPA era, retail inflation remained above 9% for 22 out of 28 months. During its final...

April 28, 2025 12:49 PM

CBDT launches aggressive drive to curb black money, targets Rs. 2.4 lakh crore in undisclosed income

The Central Board of Direct Taxes (CBDT) has instructed field formations of the Income Tax Department to intensify efforts against black money and tax evasion through a comprehensive, time-bound strategy aimed at bringing unreported and under-reported businesses into the tax net. According to a media report, the CBDT estimates a potential recovery of undisclosed income amounting to a staggering Rs. 2.4 lakh crore during the current financial year. Each jurisdiction of the Income Tax Department...

December 12, 2024 3:34 PM

Tax refunds up by 46.31% to ₹3.08 lakh crore in April-Nov 24: Finance Ministry

The Finance Ministry announced on Thursday that tax refunds between April 1 and November 27, 2024, surged by 46.31% compared to the same period last year. In the financial year 2024-25, refunds amounting to ₹3.08 lakh crore were issued, significantly higher than the ₹2.03 lakh crore issued during the same period in 2023. "The Income Tax Return (ITR) portal managed high traffic efficiently this year, processing over 900 filings per second at peak times. A record 69.93 lakh ITRs were filed on...

November 25, 2024 5:13 PM

Inflation to ease, economic growth to accelerate in coming months: Finance Ministry

India's food inflation is likely to ease while the growth outlook for the economy is "cautiously optimistic" for the coming months as the agricultural sector is likely to benefit from favourable monsoon conditions, increased minimum support prices and adequate supply of inputs, according to the Finance Ministry's monthly economic review released on Monday. India's retail inflation jumped to 6.21 percent in October, marking a 14-month high, driven by elevated food inflation in a few vegetables. ...

September 27, 2024 1:13 PM

Govt to issue Rs 20,000 cr ‘Sovereign Green Bonds’ in four tranches this fiscal

The central government has announced plans to collect ₹20,000 crore through the issuance of 'Sovereign Green Bonds' in the second half of the financial year 2024-25 (October-March), Finance Ministry said in a press release. The government aims to complete its borrowing for the latter half of FY25 through a series of 21 weekly auctions. The green bonds will be issued in four tranches, each valued at ₹5,000 crore. The first tranche will consist of a 10-year Sovereign Green Bond, scheduled for...