Ministry of Finance

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Automotive, EVs & Mobility Just now (05:53 PM IST)

Sitharaman Rejects UPI MDR ‘Misconception,’ Says Merchants Bear Charge, Not Consumers

Finance Minister Nirmala Sitharaman has moved to calm a fresh wave of confusion over the Merchant Discount Rate on UPI payments above Rs 2,000, saying the charge is borne by merchants and will not be passed on to consumers. She stressed that the levy is not a tax, cess or surcharge, but a transaction cost applied selectively at a rate of 0.4%. The clarification comes at a sensitive moment for India’s digital payments ecosystem, where UPI has become the default rail for everyday commerce, including in automotive and mobility transactions. The government’s message is aimed at preventing market distortion, consumer anxiety and misinformation around a fee that applies only to certain transactions.

By RDU Global Wire5 min read

India & World Affairs11h ago

India Moves to Shield Tax Powers as New Investment Treaty Talks Advance

India is preparing to keep taxation outside the scope of its bilateral investment treaty framework, underscoring New Delhi's determination to preserve sovereign control over tax policy even as it seeks to attract foreign capital. A finance ministry note has been circulated for Cabinet consideration while treaty negotiations with four to five countries are under way, an official said.

5 min readRead →

Macro Economy & Fiscal Policy27m ago

India trims FY27 market borrowing to Rs 15.99 lakh crore, signals longer debt profile to ease rollover risk

The Centre has lowered its gross market borrowing for FY27 to Rs 15.99 lakh crore, while keeping net borrowing at budgeted levels and leaning more heavily on longer-dated securities to manage debt costs and rollover risk. The finance ministry's second-half borrowing calendar also includes Rs 15,000 crore of sovereign green bonds, underscoring the government's effort to preserve fiscal credibility even as bond yields climb.

4 min readRead →

Banking, Fintech & Insurance1h ago

RBI Sets H2 FY27 WMA Limit at Rs 50,000 Crore to Back Government Cash Flow

The Reserve Bank of India has fixed the Ways and Means Advances limit for the second half of 2026-27 at Rs 50,000 crore, giving the central government a short-term financing backstop to manage temporary mismatches between receipts and payments. The RBI said it may trigger fresh market borrowing if the government uses 75 per cent of the limit, while retaining the flexibility to revise the ceiling if circumstances change.

4 min readRead →

National Governance & Policy1h ago

India Revises Anti-Dumping Duty on Jute Imports from Bangladesh and Nepal, Grants Zero Duty to Select Producers

India's Ministry of Finance has revised anti-dumping duties on imports of jute yarn, hessian fabric and jute sacking bags from Bangladesh and Nepal, setting zero duty for specific producers while imposing higher rates on others. The updated structure follows the Directorate General of Trade Remedies' mid-term review and will remain in force for the rest of the existing duty period, originally imposed in December 2022.

5 min readRead →

Pharma, Biotech & Global Health9h ago

Luxembourg Pledges €47.5 Million to WHO in Landmark Boost for Global Health

Luxembourg has signed two strategic agreements with the World Health Organization, including a €46.5 million partnership framework and the country's first voluntary €1 million contribution to WHO. The deals, announced in December 2024, deepen a long-running relationship and target health-system resilience, crisis preparedness, gender-focused equity, and disease eradication efforts through 2028.

5 min readRead →

Pharma, Biotech & Global Health9h ago

France Pledges €24 Million to WHO as Global Health Financing Push Gains Momentum

France signed seven contribution agreements with the World Health Organization in Geneva, committing €24 million to support core WHO work, emergency response, and priority health programmes. The package includes €4.5 million in fully flexible funding and reinforces France's role as a leading backer of a more predictably financed WHO.

4 min readRead →

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Nirmala Sitharaman(1)New Delhi(1)