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NEW DELHI: Finance minister Nirmala Sitharaman on Tuesday, January 27, participated in the traditional Halwa Ceremony, marking the start of the final phase of preparations for the Union Budget 2026–27, scheduled to be presented on February 1.The ceremony was held at the Budget Press in North Block, New Delhi.At the ceremony, Sitharaman was accompanied by…
The address of the finance ministry may have changed, but when it comes to guarding the country’s most closely held financial secret, tradition still holds firm on Raisina Hill.Even after the ministry’s move to the new Central Secretariat offices at Kartavya Bhawan last year, the printing of the Union Budget — among the most confidential…
NEW DELHI: Finance minister Nirmala Sitharaman, who is due to present a record ninth consecutive budget, is working with a team of officials which is a mix of experience and fresh faces.It is likely that for the first time in recent years, she will not have a finance secretary, a first among equals, leaving it…
The finance ministry has directed public sector banks and financial institutions, including insurance companies, to ensure prompt reporting of vigilance-related matters concerning whole-time directors (WTDs), citing repeated instances of delayed or incomplete disclosures, PTI reported.In an advisory issued by the Department of Financial Services (DFS) earlier this month, the ministry said adverse information about board-level…
NEW DELHI: Finance ministry’s initiative to improve grievance redressal, which began in June this year has significantly improved performance of public and private sector entities, the ministry said on Friday.It had put in place a ranking system for banks and public sector insurance companies based on quality and timely resolution of complaints. Ranking of private…
Bihar CM Nitish Kumar has ceded the home portfolio to BJP for the first time in his two decades at the helm and his party JDU has, in lieu, got control of finance, which was kept by BJP. Though it may appear like a regular ministry swap which happens between allies, the significance of deputy…
Sitharaman holding pre-budget talks NEW DELHI: Finance Minister Nirmala Sitharaman on Monday chaired the first pre-Budget consultation meeting with leading economists in New Delhi, marking the start of preparations for the Union Budget 2026-27. Senior officials from the Department of Economic Affairs (DEA), including the Secretary, Chief Economic Adviser, and other key officers, attended the…
