DARK SECRETS: Finance ministry - The Real Truth

Has government increased SSY, PPF, NSC, other small savings schemes' interest rates for October-December 2026 quarter?

The Ministry of Finance has announced that the interest rates for small savings schemes will remain steady for the next quarter. This decision comes after two years of rate stability since December 2024. The review took into account inflation and bond yields, which hinted at possible rate increases. However, the…

The Economic Times · Sep 30

Russia's finance ministry raises taxes to bolster Putin's military budget

More frequent long-range strikes by the Ukrainian armed forces on strategically important targets, as well as growing spending to counter these attacks, are further deepening Russia's budget deficit.

Euronews · Sep 27

Did government order banks to stock ATMs ahead of UPI charges? Here’s what PIB said

A newspaper clipping claiming banks were told to increase ATM cash stocks ahead of UPI fees has circulated online, prompting a government fact check. PIB said neither the RBI nor the Finance Ministry issued such an instruction. The clarification comes as a revised UPI framework introduces MDR for specified higher-value…

The Economic Times · Sep 23

Nirmala Sitharaman, World Bank chief Ajay Banga hold meeting, discuss deepening cooperation

The things the FM and the World Bank chief discussed included a significant role of MIGA in boosting corporate and infrastructure finance. They also explored the utilisation of technology for advancing agricultural practices and tourism development, aiming at harnessing global knowledge and private capital for progress.

The Economic Times · Sep 2

Slower Q2 growth close to ministry's earlier estimate

The slower economic growth in the second quarter was close to the Finance Ministry's previous estimate and confirmed the outlook anticipated by the economic team, particularly regarding the impact of the Middle East conflict, which began in late March and affected the economy in waves throughout the second quarter, says…

Bangkok Post · Aug 17

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 · Jul 29

GPF interest rate for government employees: Has Finance Ministry changed GPF rate from 7.1% for July-September 2026 quarter?

The Ministry of Finance has announced the GPF interest rate for the upcoming quarter. General Provident Fund and similar government funds will earn 7.1 percent interest. This rate remains unchanged for the July to September 2026 period. Public Provident Fund and small savings schemes also retain their current rates. Employees…

The Economic Times · Jul 23

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 · Jul 20

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.

Bangkok Post · Jul 2

Tax system utilised for more targeted benefits for the poor

The Finance Ministry is expediting its review of welfare reforms to ensure the benefits target those most in need, minimise duplication across programmes, and promote greater participation in the labour force.

Bangkok Post · Jun 19