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MoF asks PSUs not to incur expenditure on gifts

MoF asks PSUs not to incur expenditure on gifts

by AIP Online Bureau | Sep 20, 2025 | Eco/Invest/Demography, Indian News, Policy

In the interest of  economy and judicious utilisation of  public resources, it is imperative  that such expenditure be discontinued, said a letter from Sumantra Pal, economic advisor, Department of Public Enterprises, MoF, to PSU CEOs and administrative ministries of...
Supervision of National Health Claims Exchange may be shifted from NHA to MoF to curb rising healthcare costs, source says

Supervision of National Health Claims Exchange may be shifted from NHA to MoF to curb rising healthcare costs, source says

by AIP Online Bureau | Jul 10, 2025 | Health, Indian News, Non-Life, Policy

“Strict supervision” of the National Health Claims Exchange – the platform that acts as a gateway between insurers, healthcare providers and patients – will improve the “collective bargaining power” of insurance companies to set...
No plans to levy GST on UPI transactions over Rs 2,000, says Govt

No plans to levy GST on UPI transactions over Rs 2,000, says Govt

by AIP Online Bureau | Apr 18, 2025 | Eco/Invest/Demography, Indian News, Policy

“The claims that the Government is considering levying are completely false, misleading, and without any basis. Currently, there is no such proposal before the government,’’ said the Ministry of Finance in a statement on Friday. New Delhi:The government has...
MoF rejects unions’ concerns, stoutly defends ongoing restructuring of PSU general insurance cos

MoF rejects unions’ concerns, stoutly defends ongoing restructuring of PSU general insurance cos

by AIP Online Bureau | Dec 10, 2023 | Indian News, Non-Life

The PSU general insurance companies are board governed commercial entities operating in a competitive and regulated market. This entities are empowered to take appropriate decision in such a matter in compliance with regulatory framework and guidelines, said Bhagwat...
Ministry of Finance approves welfare measures for LIC agents and employees

Ministry of Finance approves welfare measures for LIC agents and employees

by AIP Online Bureau | Sep 18, 2023 | Indian News, Life, Pension & Social Security, Workplace/Employee Benefits

Siddhartha Mohanty, chairperson, LIC, thanked finance minister Nirmala Sitharaman for extending the benefits of agents and employees of the corporation New Delhi: The Ministry of Finance today approved a series of Welfare measures for the benefit of agents and...
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