Tag: Ministry
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UFBU Plans to Contact IBA and Finance Ministry for Urgent Approval
The United Forum of Bank Unions (UFBU), representing nine major bank unions, has issued detailed instructions for employees and officers across banks to sign and forward memorandums seeking immediate approval of 5-day banking. The call includes sending hard copies to the Indian Banks’ Association (IBA) and the Finance Minister, along with scanned copies to the UFBU’s…
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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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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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MSME Ministry Enhances Tech Centers and Advanced Skills Development
The Government is implementing the Central Sector Scheme on the formation and promotion of 10,000 Farmer Producer Organisations (FPOs), under which all 10,000 FPOs have now been registered. The scheme provides Rs 1.8 million per FPO for three years as management support, a matching equity grant of up to Rs 1.5 million, and a credit…
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Naidu Under Intense Pressure in Crisis-Hit Ministry
New Delhi: In a series of television interviews following the air travel chaos caused by IndiGo’s flight cancellations, civil aviation minister Ram Mohan Naidu squarely put the blame for the pandemonium on the airline and vowed strict action. This was uncharacteristic of Naidu as he’s always been restrained in his public posture. But scenes of…
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Finance Ministry Reveals Over 15 Crore Inactive Jan Dhan Accounts
The government has said that 15.09 crore Jan Dhan accounts are currently inoperative across the country, out of a total of 57.07 crore accounts under the Pradhan Mantri Jan Dhan Yojana (PMJDY). The information was shared in a written reply by Minister of State for Finance Pankaj Chaudhary in the Lok Sabha. Under the Reserve…
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Renewable Energy Ministry Clarifies No Lender Advisory Issued for Solar Financing
The Ministry of New and Renewable Energy (MNRE) on Sunday dismissed reports suggesting it had asked lenders to halt financing for renewable energy projects, saying no such advisory has been issued to financial institutions, PTI reported.In a statement, the ministry said it has not directed banks or other lenders to stop extending loans to renewable…
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October Economic Review: Insights from the Finance Ministry
The Ministry of Finance today released its monthly Economic Review for October month. The report highlighted Macroeconomic developments of the previous month which point to a stable and resilient domestic economy, underpinned by easing inflationary pressures, sustained consumer demand, and the early benefits of recent policy measures. According to the report, Retail inflation eased to…
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Finance Ministry Addresses Pension Revision Concerns: Relief for Central Government Employees Ahead of 8th Pay Commission
8th Pay Commission update: In a fresh development, the Finance Ministry has clarified certain concerns flagged by various labour unions and employee representative bodies regarding the 8th Pay Commission Terms of Reference (ToR). Ever since the government notified the ToR, a small but crucial omission about the absence of the ‘pension revision’ term had set…
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Union Ministry Clarifies Misconceptions on Financing Status
News Desk 07 December 2025, 02:24 PM IST MNRE confirms no advisory to stop financing renewable energy projects; government reiterates its commitment to India’s solar manufacturing expansion. Representational Image New Delhi: The Union Ministry of New and Renewable Energy (MNRE) on Sunday clarified that the government has not issued any advisory directing Financial Institutions to…