Ministry of Finance Archives

March 25, 2025 10:39 PM

Centre discontinues Gold Monetisation Scheme; short-term deposits to continue

The government on Tuesday announced the discontinuation of the Medium-Term and Long-Term Government Deposit (MLTGD) components of the Gold Monetisation Scheme (GMS), effective from March 26, 2025. The Ministry of Finance said in a statement that ban...

February 21, 2025 5:23 PM

DRI busts seven fake currency modules across four states; nine arrested

In a major crackdown on Fake Indian Currency Notes (FICN) operations, the Directorate of Revenue Intelligence (DRI) dismantled seven modules across Maharashtra, Haryana, Bihar, and Andhra Pradesh, resulting in the arrest of nine individuals. The oper...

January 24, 2025 2:21 PM

Bangladesh grappling with skyrocketing interest payments

Bangladesh's economy is grappling with skyrocketing interest payments, which eat up more than half of government revenue expenses during the first four months of the current fiscal year 2024–25, according to data from the Ministry of Finance of Ban...

January 21, 2025 1:59 PM

Semicon India scheme to create 85,000 jobs: Centre

In the run-up to the Union Budget 2025-26 to be presented on February 1, the Union Finance Ministry on Tuesday highlighted the achievements of the government’s policies in pushing up investments and employment through the semiconductor programme an...

October 9, 2024 10:28 AM

Atal Pension Yojana enrollments cross 7 crore mark, over 56 lakh new subscribers added in FY 2024-25

Total enrollments under the Atal Pension Yojana (APY) have surpassed 7 crore, with over 56 lakh new enrollments recorded in the current financial year 2024-25, according to a statement from the Ministry of Finance. Launched on May 9, 2015, the Atal ...

September 28, 2024 5:35 PM

Finance Minister Sitharaman meets Bukhara Governor, says India has a lot to offer to Uzbekistan

Finance Minister Nirmala Sitharaman, currently on a five-day visit to Uzbekistan, met with Botir Zaripov, the Governor of Bukhara city, on Saturday. During the meeting, she emphasized the importance of strengthening tourism and people-to-people ties ...

May 11, 2024 5:20 PM

India’s forex reserves rise USD 3.7 billion in latest week

India's foreign exchange reserves witnessed a significant rebound, rising by $3.668 billion to $641.590 billion in the week ended May 3, according to data released by the Reserve Bank of India (RBI). This increase comes after three consecutive weeks ...

May 1, 2024 4:33 PM

GST collection for April 2024 highest ever at Rs 2.1 lakh crore

Gross Goods and Services Tax (GST) collections surged to a record high of Rs 2.10 lakh crore in the month of April, registering a 12.4 per cent year-on-year growth. The Ministry of Finance attributed the rise in GST collection to a robust uptick in ...

March 4, 2024 10:00 AM

FM Sitharaman to inaugurate conference of GST enforcement chiefs to tackle tax evasion & fake invoicing

Union Finance Minister Nirmala Sitharaman will be inaugurating the national conference of Goods and Services Tax enforcement chiefs in the national capital on Monday, the Ministry of Finance said in a press release. The one-day national conference wi...

February 10, 2024 12:55 PM

Understanding the Sovereign Gold Bond Scheme 2023-24 (Series IV)

The Ministry of Finance, in collaboration with the Reserve Bank of India (RBI), is set to launch the Sovereign Gold Bond Scheme 2023-24 (Series IV), which will be open for subscription from February 12th to February 16th, 2024. This scheme allows inv...