Page-9 of Finance Ministry

Government proposes setting up Financial Data Management Centre

December 30, 2016

The Union Government has proposed setting up Financial Data Management Centre (FDMC) based on recommendation of a committee set up under the Department of Economic Affairs (DEC). The Committee was headed by Ajay Tyagi, Additional Secretary in Union Finance Ministry ..

Month: 

Finance Ministry constitutes committee to consolidate regulation of pension products

October 13, 2016

The Union Finance Ministry has constituted a high-level committee to consolidate the regulation of pension products that is currently being done by three different watchdogs including insurance and stock market regulators. The committee would have representatives from all financial sector ..

Month: 

Union Government set up Public Debt Management Cell

October 8, 2016

The Union Finance Ministry has set up a Public Debt Management Cell (PDMC) with the objective of deepening bond markets in the country. PDMC will streamline government borrowings and better cash management for deepening bond markets. Key Facts PDMC is ..

Month: 

Union Government issues fresh guidelines for flexi-fund for CSS

September 12, 2016

The Union Finance Ministry has issued fresh flexi-fund guidelines for the Centrally Sponsored Schemes (CSS). These flexi-fund guidelines will give states more freedom in spending money under the CSS  to meet local developmental requirements. These guidelines were based on the ..

Month: 

Union Government constitutes Committee to suggest steps to promote card payments

August 27, 2016

The Union Finance Ministry has constituted 11 members high-level committee to suggest steps to promote card payments with an aim to discourage cash transactions. The 11-member committee will be headed by Principle Adviser for social sector in NITI Aayog and ..

Month: 

Union Government enhances Financial Powers of Ministries, Departments

July 1, 2016

The Union Government has decided to enhance financial powers of its Ministries, Departments for appraisal and approval of Non-Plan Schemes or Projects. In this regard, Union Finance Ministry has issued a notification in order to expedite appraisal and approval process ..

Month: