New Delhi, Mar 24 (KNN) Highlighting measures taken to strengthen co-operative banks in the country, Minister of State (MoS) for Finance Pankaj Chaudhary has said that amendments to the banking laws have enhanced oversight, transparency and accountability. Among the steps taken by the government, the Minister said, are amendments inContinue Reading
New Delhi, Mar 2 (KNN) RBI Governor Sanjay Malhotra has said that policy interest rates are expected to remain steady or ease, while warning of risks from global uncertainty, climate change, technological disruptions, and escalating tensions in West Asia. In an interview with The Economic Times, Malhotra said the centralContinue Reading
New Delhi, Mar 25 (KNN) The twin balance sheet problem no longer persists in the Indian economy, Minister of State (MoS) for Finance Pankaj Chaudhary informed in the Lok Sabha. Twin balance sheet problem refers to a situation when banks are over-stressed and corporates are overleveraged to the extent theyContinue Reading
New Delhi, Mar 10 (KNN) Minister of State for Finance Pankaj Chaudhary told the Rajya Sabha on Tuesday that public sector banks (PSBs) have recorded significant improvements in customer service, asset quality and operational efficiency under the Enhanced Access and Service Excellence (EASE) Reform Programme. Operational and Technology Reforms UnderContinue Reading
New Delhi, Mar 25 (KNN) Unclaimed financial assets across banks, insurance companies and mutual funds have crossed Rs 73,000 crore, prompting regulators to intensify efforts to help citizens trace and recover their funds, the government informed the Rajya Sabha. According to Minister of State (MoS) for Finance Pankaj Chaudhary, unclaimedContinue Reading
New Delhi, Mar 11 (KNN) The government has renamed Personal Income Tax as Non-Corporate Tax (NCT) from FY 2025–26, as the category includes taxes collected from entities other than companies, Minister of State for Finance Pankaj Chaudhary informed the Rajya Sabha. According to estimates by the Income Tax Department, Non-CorporateContinue Reading
New Delhi, Mar 30 (KNN) India’s external sector is facing mounting pressures amid a volatile global environment, with weakening exports, rising imports, and capital flow volatility contributing to widening imbalances, according to the Finance Ministry’s Monthly Economic Review for March 2026. The report highlighted a marginal decline in merchandiseContinue Reading
