The Finance Ministry’s Department of Economic Affairs on Wednesday invited expert comments on the draft framework to develop India's Climate Finance Taxonomy to facilitate greater resource flow for climate-friendly technologies and activities to achieve the country’s vision of being net zero by 2070.
The Finance Ministry announced on Thursday that the government will raise Rs 8 lakh crore from the bond market during the first half of of the next financial year (April-September), which is 54 per cent of the total market borrowing of Rs 14.82 lakh crore for the entire financial year announced in the Budget 2025-26.
The Finance Ministry on Monday announced the sale of government bonds worth Rs 34,000 crore in three lots through auctions to be conducted by the Reserve Bank of India in Mumbai on Friday (February 21).
The Finance Ministry is set to review the development of variousfinancial inclusion schemes as it has called a meeting of heads of Public Sector Banks (PSBs) on Wednesday.
The Confederation of Indian Industry (CII) has suggested a seven-point agenda to the Finance Ministry for the Union Budget-2025.
The Finance Ministry said that the government will continue its focus on improving quality spending, strengthening the social security net and bringing down the fiscal deficit to 4.5 per cent of the GDP in FY26.
Sufficient food grain buffer stock and optimism for a healthy kharif harvest are likely to alleviate price pressures, a recent report by finance ministry said.
Furthermore, during the past 5 months (April-August) of the current financial year 2024-25, the transaction volume has reached to 8,659 crore, it added.
The new rules aim to further promote ease of investment, the ministry said.
The CAG also asked the ministry to verify from other sources, including third parties, their declared value of sales to check tax evasion.
