Ministry of Finance
IREDA sets ambitious revenue targets in MoU with MNRE
Renewable Energy
August 21, 2023
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
June 28, 2023
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
November 1, 2021
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
October 12, 2021
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
September 6, 2021
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
June 3, 2021
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
May 31, 2021
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
March 3, 2021
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
February 1, 2021
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
February 1, 2021
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
February 1, 2021
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
February 1, 2021
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…
