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UNBELIEVABLE: The finance ministry | History Defined

8th Pay Commission news: Pensioners' body seeks clarity on pension revision from PM Modi

8th Pay Commission latest news: The Retired Employees Welfare Association is calling on the Prime Minister to revise the terms of the 8th Pay Commission. Its request includes the addition of pension revision clauses for retirees prior to January 1, 2026. It claims that the amendment is critical for alleviating…

The Economic Times

Budget 2027: Finance Ministry sets October 12 for pre-Budget meetings, seeks spending and revenue plans

As the 2027-28 Union Budget approaches, central ministries are tasked with crafting practical fiscal estimates. The Finance Ministry emphasizes the importance of controlling expenditures and increasing revenue. Pre-Budget meetings, starting in October 2026, will focus on refining these estimates. Ministries are advised to prioritize funding for ongoing projects before introducing…

The Economic Times

Gold traders to meet ministers in bid to stop tax proposal

The Gold Traders Association is to meet with the Finance Ministry later this month to seek an exemption from the proposed gold tax.

Bangkok Post

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FinMin asks govt entities against setting high turnover, payroll criteria in GeM consultancy tenders

The Finance Ministry has advised central government entities against strict turnover and payroll criteria. These requirements on the GeM portal can unnecessarily restrict competition for consultancy services. A study revealed high turnover and staff strength requirements exceeding project needs. The department emphasizes adhering to procurement manual guidelines for eligibility criteria.

The Economic Times

EV bus conversions to be subsidised by public loans

The Finance Ministry is using funds available under the emergency borrowing decree to subsidise the replacement of internal combustion engine (ICE) public service vehicles with electric vehicles (EVs).

Bangkok Post

B3,000 minimum monthly bill for solar panel subsidy

To qualify for the government subsidy for installing rooftop solar panels, households must have a minimum monthly electricity bill of around 3,000 baht, according to the Finance Ministry.

Bangkok Post

Is UPI ending free payments for all users? Here’s what Finance Ministry says

Standard UPI transfers for individuals will remain complimentary, ensuring users can continue making everyday payments without worry. While most merchant transactions also stay free, high-value business dealings may bear small fees.

The Economic Times

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Tax breaks to lure carmakers

The Finance Ministry plans to introduce tax incentives by September to encourage foreign carmakers to establish production facilities in Thailand and increase the use of locally made components.

Bangkok Post

New savings programme expected in September

The Ministry of Finance is scheduled to roll out the Thailand Individual Savings Account (TISA) by September to further promote household savings following the success of the government retail bond programme dubbed “Aom Plus” (Savings Plus).

Bangkok Post

DA hike for June 2026: Central government employees likely to get 63% dearness allowance after hike

DA hike: Central government employees anticipate a 3% dearness allowance increase. This expectation arises from the latest AICPI-IW reading for June 2026. The calculation suggests a potential 63% overall dearness allowance for employees. This hike will impact salaries across various pay levels under the 7th Pay Commission. The Finance Ministry…

The Economic Times

Is government planning to scrap Long Term Capital Gain (LTCG) tax on equities for domestic investors in FY 26-27? Minister responds

Long Term Capital Gain: The Finance Ministry has denied contemplating the scrapping of LTCG tax on equities for domestic investors. There is no current proposal under consideration to remove this tax for retail investors.

The Economic Times

HDFC Bank, Axis Bank collect highest penalties from customers for non-maintenance of minimum average balance; Bank of Baroda tops public sector bank list

HDFC Bank, Axis Bank, and Bank of Baroda collected the most penalties for low balances. Public sector banks collected these charges from FY 2021-22 to FY 2025-26. Private sector banks collected penalties from FY 2022-23 to FY 2025-26. Most public sector banks have now withdrawn these charges for savings accounts.…

The Economic Times

Thailand raises 2026 growth forecast after June exports beat expectations

The Finance Ministry said on Friday that it has raised its 2026 economic growth forecast to 2.5% from the ‌previous 1.6%, citing stronger foreign trade, investment and consumption as well as the impact of government stimulus measures, with June exports growing faster than expected.

Bangkok Post

Welfare card rules rejigged

The Finance Ministry has revised the eligibility criteria for the state welfare card scheme, allowing owners of older vehicles to retain their benefits while extending the deadline for unsuccessful applicants to appeal until Sept 20.

Bangkok Post

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Bangkok Post

6 million to get new aid offer

The Finance Ministry will today ask the cabinet to move six million people who failed to qualify for the 2026 state welfare card programme into a new co-payment scheme, while easing rules blamed for unfairly excluding low-income people.

Bangkok Post

Ministry taps public-private projects to ease fiscal strain

The Finance Ministry is fast-tracking public-private partnership (PPP) projects, with total PPP investment expected to exceed 130 billion baht over the next three years.

Bangkok Post

2.76m seek welfare eligibility review

About 2.76 million people who failed to qualify for the 2026 state welfare card scheme have appealed for a review of their eligibility, says the Finance Ministry.

Bangkok Post

Ministry urges data updates after welfare roll review

The Finance Ministry has acknowledged discrepancies in government databases and urged applicants to update their information after the number of people qualifying for the 2026 state welfare card scheme fell sharply.

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Bangkok Post

State welfare recipients fall after stricter eligibility checks

Only 9.5 million of 18.8 million applicants qualified for the 2026 State Welfare Programme after the Finance Ministry tightened eligibility screening and expanded data verification.

Bangkok Post

Welfare card screening of 18.8m people this week

The cabinet has approved 18.8 million low-income individuals for eligibility screening for the state welfare card programme.

Bangkok Post

The high cost of border jingoism

A party-list MP and leader of the Economic Party, Chris Potranandana, is attacking the budget allocation for infrastructure development in Cambodia through a cooperation agency under the Finance Ministry. He is extremely upset.

Bangkok Post

Welfare card rules eased after outcry

The Finance Ministry looks set to submit revised eligibility criteria for the state welfare card scheme to the cabinet, removing parental tax deduction and agricultural loan requirements following criticism that the existing criteria were unfair.

Bangkok Post

Office unveils blueprint to divest Finance Ministry assets

The State Enterprise Policy Office (Sepo) is preparing to reclassify certain shareholdings in the Finance Ministry's portfolio that were previously designated as strategic assets to be retained, allowing them to be sold.

The Economic Times

PPF interest rate for July-September 2026: Has government changed 7.1% rate? Here's what investors should know

PPF interest rate: The Finance Ministry has maintained the Public Provident Fund (PPF) interest rate at 7.10% for the July-September 2026 quarter, keeping it unchanged from the previous period.

The Economic Times

RBI floating rate bond : Has 8.05% interest rate changed? Here's what investors should know

The Reserve Bank of India has maintained the Floating Rate Savings Bond interest rate at 8.05% following the Finance Ministry's decision to keep the National Savings Certificate rate at 7.7%. This bond offers a 0.35% premium over the NSC, providing a competitive return compared to many small savings schemes and…

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