Ishaq Dar, who is currently serving as Pakistan's Foreign Minister, is likely to get the finance ministry -- which he held during the last PDM government -- again, Pakistan Muslim League-Nawaz (PML-N) leader Muhammad Zubair said, ARY News reported.
The rate of interest for the Sukanya Samridhi Scheme is 8.2 per cent while for three-year term deposits, the interest rate is 7.1 per cent. Similarly, Public Provident Fund gives one interest rate of 7.1 per cent. Kisan Vikas Patra gives interest rate at 7.5 per cent, annually.
The central government has kept the interest rates unchanged on various small savings schemes for the first quarter of the next financial year, beginning April 1.
The central government plans to raise Rs 7.5 trillion through market borrowing in the first half of 2024-25 (April-September), an official release from finance ministry said on Wednesday.
The Finance ministry has constituted a committee to determine further amendments to the SARFAESI and DRT Acts, including providing legal cover to e-notice for expeditious debt recovery.
Congress National Secretary Jairam Ramesh on Friday launched a veiled attack on Finance Minister Nirmala Sitharaman over electoral bonds data. "The Finance Minister says that the link between the ED/CBI/IT raids on firms and their subsequent donations to the BJP are based on assumptions,"
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, informed a senior official.
The gross Goods and Services Tax (GST) revenue collected for February 2024 stood at Rs 1,68,337 crore, marking a robust 12.5 percent increase compared to that in the same month in 2023, the Union Finance Ministry said on Friday.
Sitharaman also laid down the foundation stone of the residential complex at Sector 53, Gurugram, comprising 214 quarters of Type-II to VI for providing adequate dwelling units for the officers and officials of the Income Tax Department.
The amendments simplify provisions related to governance of Pension Funds in line with Companies Act, 2013, enhance disclosure by Pension Funds and reduce compliance, Finance Ministry said