Category: Finance
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Financial Services in the Age of Technological Disruption
Guest lecture by Piero Cipollone, Member of the Executive Board of the ECB, at the Frankfurt School of Finance & Management Frankfurt am Main, 8 December 2025 Money is at the heart of what central banks do.[1] Ever since central banks have existed, their fundamental role has been to issue money and protect its value.…
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15 Crore Jan Dhan Accounts Declared Inoperative, Says MoS Finance
MoS Finance reveals 15 crore PM Jan Dhan Yojana accounts are inoperative, representing 26% of total accounts. New Delhi, Dec 8 (PTI) As many as 15 crore, or 26 per cent of the total 57.07 crore Pradhan Mantri Jan Dhan Yojana (PMJDY) accounts, are inoperative, Minister of State for Finance Pankaj Chaudhary said on Monday.…
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Unclaimed Mutual Fund Money: Essential FAQs for Recovery
Every year, several crores of rupees in mutual fund investments go unclaimed, often due to a change in address, phone numbers, bank accounts or when people forget about their old portfolios. Open FREE Demat Account within minutes! Join now During 2024-25, unclaimed money in mutual funds surged nearly 21% year-over-year (YoY) to ₹3,452 crore from…
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PSU Banks Write Off ₹6.15 Lakh Crore in Loans Over 5.5 Years
A comprehensive breakdown of the Finance Ministry’s disclosures in Parliament: massive loan write-offs by Public Sector Banks, improving capital positions without government infusion, rising digital fraud cases, and the scale of export credit disbursement over the past five years Loan write-offs, cyber frauds, export credit: Govt shares key banking data in LS Public sector bankshave…
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Akzo Nobel and Axalta Merger Shakes Up Paint Industry
Dutch paint maker Akzo Nobel is splashing into US with plans to buy Philadelphia-based rival Axalta Coating Systems for roughly $9.2 billion in stock. The move will create the world’s second-largest coatings company, trailing only Cleveland-based Sherwin-Williams. The deal is part of a wave of consolidation that recently saw private equity firm Carlyle buy BASF’s…
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Finance Ministry’s Response on DA Inclusion in Basic Pay Under 8th Pay Commission
8th Pay Commission: As the central government employees await the implementation of the 8th Pay Commission, the Finance Ministry recently clarified whether dearness allowance or dearness relief (DA/DR) will be merged with basic pay under the new commission. Earlier this year, Union Minister Ashwini Vaishnaw announced that the Centre had approved the implementation of the…
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8th Pay Commission: Finance Ministry Reveals Beneficiary Employee and Pensioner Numbers
The Centre on Monday told the Lok Sabha that 50.14 lakh central government employees and approximately 69 lakh pensioners stand to benefit from the 8th Central Pay Commission (CPC). The figures were shared in a written reply by Pankaj Chaudhary, Minister of State in the Ministry of Finance. “The number of central government employees is…
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Empowering Amazonian Bioeconomy: Innovative Financial Solutions
The Brazil Restoration and Bioeconomy Finance Coalition (BRB FC), an alliance of NGOs, funders and financial institutions, aims to mobilize $10 billion by 2030 to support Indigenous and traditional communities-led enterprises. By supporting these initiatives, BRB FC and other projects seek to help communities restore millions of hectares of degraded land in the Amazon rainforest,…
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Finance Ministry Confirms Funding for 8th Pay Commission Implementation Date
Ever since the Centre notified the 8th Pay Commission Terms of Reference (ToR) last month and its content came out, central government employee unions and representative bodies – including the Staff Side of the National Council of Joint Consultative Machinery (NC JCM) – expressed their dissatisfaction regarding certain aspects of the ToR. Employee unions alleged…
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Disparity in Tax Contributions: Seven States Exceed Their Devolution Share
The data shared by the Ministry of Finance to the Rajya Sabha in a reply shows that Uttar Pradesh accounted for 4.6% of the total tax collected in the country between 2020-21 and 2024-25, but received 15.8% of the taxes shared by the Centre during this period. | Photo Credit: Sansad TV/ANI Video Grab Seven…