Pakistan hopes to get $1.1 bn from International Monetary Fund

Pakistan will more likely receive a loan instalment 1.1 billion dollars from the International Monetary Fund (IMF) next month as the latter is satisfied with its economic performance, government officials said here Saturday.

J&K floods: Finmin releases advance installment of Rs 856.29 crore

The Finance Ministry on Friday said it has released in advance the installment worth Rs 856.29 crore in October to Jammu and Kashmir to help the state government deal with the unprecedented situation of flood and natural calamity.

After Finance Ministry objection, Railways stops officers` promotion

The Railway Ministry has stopped promotion of officers in two of its secretarial services after alleged irregularities were pointed out by the Finance Ministry.

Finance Ministry deploys 261 expenditure observers for polls

The Finance Ministry has deployed 261 Indian Revenue Service (IRS) officers across the country to keep a tab on expenses by candidates in the Lok Sabha and Assembly elections.

Email account of Finance Ministry spokesperson hacked

The email account of Finance Ministry spokesperson has been hacked by someone purportedly in United Kingdom who is sending mails and asking for money.

New PAN allotment norms put on hold; old procedure to continue

New norms for issuing of PAN (Permanent Account Number) cards have been put on hold by the Finance Ministry.

Defence Ministry denied more funds, some projects may be affected

Some Defence Ministry projects are likely to be affected as government rejected its demand for an extra allocation of Rs 7,870 crore to pay for fuel that has gone up since the last budget, as also increased salaries.

Govt fast tracks process for creation of Lokpal

Government has speeded up the process for creation of anti-graft watchdog Lokpal and finalising manpower and infrastructure requirement for it.

IPL cases against Lalit Modi to be finalised soon

Investigating agencies will soon finalise cases of alleged financial irregularities against former IPL Chairman Lalit Modi in various editions of T20 cricket tournament, notwithstanding their failure to get him back to India.

Why am I embarrassed?

We journalists are losing our respect and credibility.

Thai anti-govt protesters storm finance ministry

Anti-government demonstrators in Thailand on Monday stormed the finance ministry compound and warned of seizing other government buildings, dramatically escalating their protests aimed at toppling beleaguered Prime Minister Yingluck Shinawatra.

Son of Finance Ministry clerk murdered

The 23-year-old son of a clerk in the Union Finance Ministry was found murdered inside a shop in west Delhi`s Bawana area.

Gujarat not the most developed state, claims Raghuram Rajan panel report

The six-member Raghuram Rajan committee said in its report on Thursday that Odisha, Bihar and Madhya Pradesh are the least developed states in the country.

`Goa, Kerala, TN most developed; Odisha, Bihar, MP lag behind`

The six-member Raghuram Rajan Panel has said in its reports that Odisha, Bihar and Madhya Pradesh are the least developed states in the country.

Amend Evidence Act for better prosecution: CEIB to govt

A nodal agency for economic intelligence in the country has flagged the issue of current provisions of the Evidence Act being a big hurdle during prosecution, especially when a case is being investigated by several agencies.

Govt sets up panel to measure states’ backwardness

Amid demands for special category status by Bihar, the Centre on Wednesday set up an expert committee to evolve a composite index to measure backwardness of states.

Unaccounted assets worth Rs 1400 crore detected

Stepping up its effort to unearth black money, the authorities have detected unaccounted income and assets worth over Rs 1,400 crore during the first three months of this year.

`Reports on black money estimates by month end`

The reports on black money estimates are expected to be submitted to the Finance Ministry by end of this month, a senior government official said on Wednesday.

`300% rise in suspicious terror financing cases`

Over 1,400 instances of terror financing in country`s economic channels were red-flagged by intelligence and security agencies last year, a report says.

Defence Ministry opposes Finance Ministry`s decision to reduce budget

Defence Ministry has opposed a decision of the Finance Ministry to reduce its budget by Rs 10,000 crore saying this move may affect its plans for procuring critical equipment for the three Services.