Ministry of Finance

IREDA sets ambitious revenue targets in MoU with MNRE
Renewable Energy

IREDA sets ambitious revenue targets in MoU with MNRE

The Indian Renewable Energy Development Agency (IREDA), a prominent government enterprise under the Ministry of New and Renewable Energy, has…
States granted financial incentives to boost power sector reforms
Power

States granted financial incentives to boost power sector reforms

In a significant move to strengthen the power sector and encourage reforms, the Department of Expenditure, Ministry of Finance, has…
Excise collection on petroleum 79% more than pre-Covid
Oil & Gas

Excise collection on petroleum 79% more than pre-Covid

The government’s collection from levy of excise duty on petroleum products has risen 33% in the first six months of…
Government accords ‘Maharatna’ status to PFC
Power

Government accords ‘Maharatna’ status to PFC

Government of India accorded ‘Maharatna’ status to the state-owned Power Finance Corporation Ltd (PFC), thus giving PFC greater operational and…
Government’s excise collection jumps 48% in Apr-July
Oil & Gas

Government’s excise collection jumps 48% in Apr-July

The government's collections from levy of excise duty on petroleum products have jumped 48% in the first four months of…
ADB, India’s $2.5M support towards Sikkim road upgradation
Infrastructure

ADB, India’s $2.5M support towards Sikkim road upgradation

Asian Development Bank and the Government of India today signed a $2.5 million project readiness financing (PRF) loan to support…
Petrol, diesel price in Pakistan likely to increase from June 1
Oil & Gas

Petrol, diesel price in Pakistan likely to increase from June 1

Amid high levels of inflation in Pakistan, the country's Oil and Gas Regulatory Authority (OGRA) has sent a summary to…
Finance Ministry exploring options to ease petrol, diesel price
Oil & Gas

Finance Ministry exploring options to ease petrol, diesel price

Amid mounting pressure from all the quarters to reduce taxes on petrol and diesel, the Finance Ministry vigorously started to…
Rs 3L Cr scheme to provide assistance to DISCOMs
Power

Rs 3L Cr scheme to provide assistance to DISCOMs

Nirmala Sitharaman in her budget speech of 2021-22, proposed an outlay of Rs 3,05,984 crore over 5 years to provide…
Highest ever capital outlay of Rs 1,08,230 crore for MoRTH
Infrastructure

Highest ever capital outlay of Rs 1,08,230 crore for MoRTH

Nirmala Sitharaman announced several measures to augment road infrastructure in the Union Budget 2021-22 presented in the Parliament. An enhanced…
National Rail Plan to create Future Ready Railway System
Infrastructure

National Rail Plan to create Future Ready Railway System

Indian Railways has received a record outlay of Rs 1,10,055 crore, of which Rs 1,07,100 crore is for capital expenditure.…
National Infrastructure Pipeline DFI proposed to be set up
Oil & Gas

National Infrastructure Pipeline DFI proposed to be set up

Minister for Finance, Nirmala Sitharaman announced that in order to achieve the target of National Infrastructure Pipeline (NIP) in the…
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