Latest Updates Around The World
The lawsuit, filed in May 2025, names FinCEN and its director Andrea Gacki, as well as the Ministry of Finance and her secretary Scott Bessent, as defendants. In the lawsuit, FNF claims the rule, which was promulgated under the Biden administration, is “arbitrary and capricious” and will cause “irreparable harm.” The rule requires title firms […]
Pankaj Chaudhary, Minister of State for Finance Shareholdings of foreign investors in five of the 12 public sector banks (PSBs), including SBI and Bank of Baroda, fell at the end of FY25, data presented by the Finance Ministry in Rajya Sabha on Tuesday showed. The ministry clarified that there is no plan to increase the […]
Recently, the RBI increased the risk weight on bank loans to NBFCs. As a result, bankers became very reluctant to lend to NBFCs, especially those rated below the ‘A’ category. | Photo credits: iStock Non-banking finance companies (NBFCs), represented by their sector’s self-regulatory organization (SRO), FIDC, sought tax relief during their meeting with Finance Minister […]
Account Aggregator Ecosystem is ready to unlock new boundaries in formal credit access, especially for MSMEs and personal loans, which in 2047 use meaningfully to the journey from India to Viksit Bharat, the Ministry of Finance said Tuesday. The Framework of Account Aggregator (AA) was officially launched on 2 September 2021, whereby a safe, permission […]
Finance Minister Nirmala Sitharaman The Ministry of Finance has proposed to delete provisions with regard to the condition of Indian residents who have the majority of directors and important management positions in insurance companies with foreign investments. Design for changes in the rules of the Indian insurance companies (foreign investments), 2015, is considered a precursor […]
During the quarter, all 12 banks in the public sector (PSBs) except Punjab National Bank (PNB) reported a decrease in profit | Photocredit: Atstock Productions The Ministry of Finance held a meeting of Heads of Public Sector Banks (PSBs) on Wednesday to revise their financial performance of the first quarter. The three -hour meeting was […]
Mfin and SA-Dhan have cited the success of the COVID period Scheme of the government for MFIs, which offered a 75% guarantee on financing extended by member loan institutions (MLIs) to NBFC-MFIS/MFIs for further on-lending to be eligible for eligible small borrowers | Photocredit: Getty images To encourage banks to increase lending to the non-bank […]
The account has added facilities for various frameworks for group sinks and cross -border insolvency Photocredit: Istockphoto The government introduced changes to the insolvency and bankruptcy code on Tuesday aimed at resolution guided by the creditors, cross-border insolvency and bankruptcy of companies. Finance Minister Nirmala Sitharaman moved the amendment law in the Lok Sabha, after […]
In an important step aimed at strengthening the Unified Pension Scheme (UPS), the Ministry of Finance has extensive income tax benefits that are currently available under the National Pension System (NPS) for the newly introduced UPS. A release from the government said: “In an attempt to give the UPS further tension to the UPS, the […]
