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Nepal finance minister heads to India for flood reconstruction talks as losses mount

Nepal’s Finance Minister likely to visit New Delhi this week

10879344 Swarnim Wagle

Nepal finance min heads to India for flood repair talks as losses mount

RBI Governor Malhotra calls on Finance Minister Sitharaman

RBI Governor Sanjay Malhotra met Finance Minister Nirmala Sitharaman on Monday, a meeting that comes after India posted a record 7.8% GDP growth in the first quarter of the fiscal year. The discussion precedes the Monetary Policy Committee’s October session, where analysts anticipate a rate hike amid rising oil prices and inflation pressures.

‘Fossil fuels will still play important role’: BRICS Declaration opposes carbon border tax

At the 18th BRICS Summit in New Delhi, member states adopted a declaration stating that fossil fuels will remain a key part of the world’s energy mix, particularly for developing economies, and denounced the European Union’s carbon‑border adjustment mechanism. The text also urged richer nations to provide predictable finance and technology to help the Global South adapt to climate impacts and manage disaster risks.

Grouping looks at pragmatic cross-border payment mechanism, local currency trade

BRICS finance leaders and India’s commerce minister urged the bloc to adopt pragmatic, low‑cost cross‑border payment systems and increase trade in local currencies, highlighting India’s UPI platform. Meetings in Jaipur and Mumbai produced a joint statement calling for practical solutions and continued work by the BRICS Payment Task Force.

With eye on poll, BJP to begin ‘drug-free Punjab’ drive amid row over Dalit villager’s death

The Bharatiya Janata Party announced a statewide “drug‑free Punjab” campaign ahead of upcoming elections. The move follows a controversy sparked by the death of a Dalit villager who was allegedly pressured to apologise for questioning Finance Minister Harpal Singh Cheema about synthetic drug supply.

BRICS finance ministers, central bank chiefs flag concerns on unilateral tariffs

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Why do GDP figures face a controversy in India?

The Indian government reported a 7.8% rise in GDP for the first quarter of FY 2026‑27, prompting praise from the Prime Minister and the chief economic adviser. The figure was immediately challenged by former Finance Secretary Saurabh Garg, who claimed the true nominal growth was only 2.6%, sparking a political and statistical controversy.

IMF backs India's new GDP data, says updated IIP, PPI will improve accuracy

India's 7.8% GDP growth has triggered a political row, with a former finance secretary questioning the data methodology. The IMF, however, backed India's statistical reforms, saying new IIP and PPI series should improve GDP estimates.

SNDP microfinance case: Kerala HC summons Additional Chief Secretary over delay in sanction to prosecute dept official

Justice A. Badharudeen notes that Backwards Classes Welfare Department had not complied with the court’s previous direction to consider the request for sanction to prosecute the official

BJP’s war chest grew ₹905 crore during 2026 polls, Congress’ shrank ₹66 crore: What EC data reveals

Election Commission data shows the BJP’s war chest expanded by ₹905 crore during the 2026 polls, while the Congress’s finances contracted by about ₹66 crore. The Congress reported net receipts of ₹207.17 crore against an expenditure of ₹248.55 crore for the March 15‑May 6 election window across five states.

Don’t sit on court orders related to compensation for land acquisition, Keralam’s Finance department issues circular

Finance department directs government departments to establish an internal monitoring mechanism for prompt compliance with court directions so as to avoid execution proceedings and attachment of government bank accounts and to ensure accountability

Right Choice | MBA in marketing vs finance: Which specialisation wins in an AI-driven economy?

10864300 MBA in marketing vs finance

CBI books Subhash Chandra in Rs 1,322 crore LIC Housing Finance fraud case

10864545 subhash chandra zee file photo

UP to maintain fiscal discipline as investment push gathers pace, says finance minister Suresh Khanna

Uttar Pradesh aims to balance a massive infrastructure and tech-driven investment push with strict fiscal discipline, keeping its deficit under 3% of Gross State Domestic Product.

‘Ill-educated, egregiously wrong’: World Bank ED Mishra on row over GDP data

Mr. Mishra’s statement on X came amid a political row over the growth figures released by the government, which were contested by former Finance Secretary, S. C. Garg.

7.8% or 2.6%? Modi Govt vs Subhash Chandra Garg on India’s GDP Q1 numbers

The Congress party cited criticism by former finance secretary Subhash Chandra Garg on GDP numbers to attack the government, saying it must understand that ‘PR can polish the picture’ of GDP but not the economy itself.

Who is Subhash Chandra Garg? All about ex‑finance secretary questioning India’s 7.8% GDP growth

In July 2019, Garg took voluntary retirement from service, a day after he was moved to the Power Ministry in a broader reshuffle just three weeks after the presentation of the Union Budget. Garg's scheduled retirement was in October 2020.

State sanctions ₹10 crore for rectification of uneven surfaces along S.A. Road

Finance dept. to release amount once the Kochi Corporation completes formalities to commence rectification work