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The Latest Breaking News from Finance

Govt. announces massive infrastructure improvement in schools

Finance Minister says different State-run schools will get an outlay of ₹ 7,289 crore

The Hindu

Finance Ministers faces queries from students on GST, Income Tax relief to defence personnel

Finance Minister Nirmala Sitharaman on Sunday faced queries on Goods and Services Tax (GST) and Income Tax relief to Army personnel.

The Hindu

Mozambique president names new premier and finance minister

Mozambique President Filipe Nyusi on Thursday appointed Adriano Afonso Maleiane as the new prime minister, shortly after sacking Carlos Agostinho do Rosário, and filled several other posts including finance minister as part of a cabinet reshuffle.

Reuters

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France seizes Rosneft boss's yacht as it tried to flee

French customs have seized a yacht belonging to Rosneft boss Igor Sechin as it tried to leave the Mediterranean port of La Ciotat in a breach of EU sanctions on Russian oligarchs, Finance Minister Bruno Le Maire said.

Reuters

With her Ukrainian roots, Russian sanctions are personal for Canada's Freeland

Canadian Finance Minister Chrystia Freeland played a key role in getting sanctions on Russia's central bank in place, two sources said, and has been a leading voice against Russian aggression as a vocal member of the country's large Ukrainian community.

Reuters

Singapore aims to clear foreign labour crunch in ‘few months’

Singapore aims to fill a shortage of overseas workers within the next few months as it progressively eases border restrictions, according to Finance Minister Lawrence Wong.

Bangkok Post

Finance Secretary refuses to say why investment bank CEO quit

Kate Forbes said the reasons for the resignation are a matter for her and the bank’s board

Insider UK

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South Africa is becoming vast welfare state, says finance minister

The maiden budget tabled by South Africa’s new Finance Minister Enoch Godongwana carefully balances his desire to stimulate economic growth and reduce borrowing with the need to assist welfare grants to the growing number of poor.

Radio France Internationale

New economic strategy for Scotland aims to 'outperform the last decade'

Scottish Finance Secretary Kate Forbes to unveil plans that will build on Scotland's 'rich history of innovation and invention'

Edinburgh Live

RPL to form firm for making rubber products

The government will take up studies to explore the possibility of forming a company under Rehabilitation Plantation Limited (RPL) to produce and market rubber-based products. Labour Minister V. Sivankutty announced this on Friday after a meeting with representatives of RPL officials and trade union leaders. The proposal involves direct procurement…

The Hindu

Public debt forecast to increase to 62% of GDP

Finance Minister Arkhom Termpittayapaisith has projected Thailand's public debt will rise to 62% of GDP in fiscal 2022 from 59.6% as of December 2021.

Bangkok Post

Covid-19 pandemic not 'fully behind us' but Ireland and EU seeing signs of recovery, says Finance Minister Paschal Donohoe

'However, if this pandemic has taught us anything, it is the need to acknowledge uncertainty and uncertainty is associated with changing health and economic conditions'

Irish Mirror

Nirmala Sitharaman to meet PM Modi to discuss Russia-Ukraine conflict situation

NEW DELHI: Finance minister Nirmala Sitharaman on Thursday said she will be meeting Prime Minister Narendra Modi to discuss the situation arising out of the Russia-Ukraine conflict.

The Times of India

Social Security fixes could animate post-midterms agenda

WASHINGTON — If Republicans take one or both chambers of Congress in November, don’t be surprised if shoring up Social Security’s finances becomes an area of bipartisan focus.

Tribune News Service

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Radio France Internationale

French finance minister downplays impact of Ukraine crisis on economy, energy

The impact of the Ukraine crisis and sanctions against Moscow will only have a minor effect on the French economy, says Bruno Le Maire.

The Independent UK

Budget ‘cannot proceed’ in the absence of a First and a deputy First Minister

Stormont Finance Minister Conor Murphy told the Assembly he had sought legal advice on the Budget following the resignation of the First Minister.

The Times of India

Ukraine situation, crude prices posing challenge to financial stability: Nirmala Sitharaman

MUMBAI: Finance minister Nirmala Sitharaman on Tuesday said the Russia-Ukraine crisis and the ensuing jump in global crude prices are a challenge to financial stability in India.

The Hindu

Ensure hassle-free loans, Finance Minister tells banks

SBI chief promises fully digitised, ‘hassle-free’ lending process in two months

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The Hindu

Finance Minister holds pre-Budget meeting with MSME representatives

The meeting was called to discuss and understand the concerns, challenges of the MSMEs

The Times of India

'Gabbar Singh Tax' critique of GST knee-jerk, disservice to our institutions: Finance minister

MUMBAI: Finance minister Nirmala Sitharaman on Monday termed the Opposition's criticism of the Goods and Services Tax (GST) as 'Gabbar Singh Tax' as a knee-jerk reaction which is a disservice to the country's institutions.

The Times of India

Low budget allocation to healthcare: Finance secretary says it is primarily states' responsibility

MUMBAI: Finance secretary T V Somanathan on Monday said healthcare is primarily the responsibility of the states, amid suggestions of the budgetary allocation to the sector still being low at 1.3 per cent of GDP.

The Hindu

Low Budget allocation to healthcare: Finance Secretary says it is primarily States' responsibility

Centre provides for some “cross-cutting health infrastructure”, says Finance Secretary Somanathan

The Times of India

Govt aims sustained recovery; infra spends will have multiplier effects: Finance minister

MUMBAI: Finance minister Nirmala Sitharaman on Monday said the government wants a sustained recovery and the budget proposals on infrastructure building are an attempt to create the multiplier effect to help the economy.

Reuters

Canada's Freeland strays from G20 economic script to warn Russia on Ukraine - sources

Canadian Finance Minister Chrystia Freeland stepped well beyond economic policy at a G20 finance meeting on Friday to issue an "impassioned" warning to her Russian counterparts not to invade neighboring Ukraine, two sources familiar with her remarks said.

Daily Record

Council tax rise hike from April as Glasgow becomes latest area to impose

Council tax was frozen across Scotland last year but Finance Secretary Kate Forbes gave local authorities the freedom to increase it as much as they liked for the 2022 financial year.

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