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Finance Ministry

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Banking, Fintech & Insurance 16 Oct 2026, 01:37 AM IST

Government Urges Banks to Build Sector-Wide Quantum Transition and AI Resilience Plans

The finance ministry has asked banks to prepare for post-quantum cyber risks and develop a common industry framework for transition, according to an official familiar with the matter. The move reflects growing concern that encrypted banking data could be harvested now and decrypted later as quantum computing advances, alongside the need for stronger AI resilience across the financial system.

By RDU Global Wire6 min read
National Governance & Policy15 Oct 2026, 04:42 PM IST

India Urges Banks to Build Sector-Wide Quantum Transition and AI Resilience Plan

India’s finance ministry has asked banks to begin preparing for a sector-wide transition to post-quantum security, while also developing an artificial intelligence resilience framework, according to an official familiar with the matter. The move reflects growing concern that encrypted financial data could be harvested now and decrypted later by future quantum computers, exposing banks, payment systems and customer records to delayed but severe cyber risk.

5 min readRead →
Banking, Fintech & Insurance15 Oct 2026, 04:22 PM IST

Finance Ministry to Review Bank-Led Push on Financial Inclusion on Tuesday

The Finance Ministry will meet heads of banks on Tuesday to assess the progress of India’s flagship financial inclusion programmes, including Jan Dhan, Mudra, and key insurance schemes. The review is expected to focus on account penetration, credit access for small businesses, and the depth of social security coverage across the banking system.

6 min readRead →
National Governance & Policy15 Oct 2026, 04:01 PM IST

Government Urges Banks to Build Quantum-Ready Defences and AI Resilience Framework

India’s finance ministry has asked banks to prepare for a sector-wide transition to post-quantum security while also developing an artificial intelligence resilience framework, according to an official familiar with the matter. The move reflects growing concern that encrypted financial data could be harvested now and decrypted later by future quantum computers, forcing lenders to align on common industry standards rather than fragmented internal fixes.

4 min readRead →
National Governance & Policy14 Oct 2026, 10:37 PM IST

Finance Ministry Urges Private Banks to Deepen Role in Inclusion Push

The Finance Ministry has asked private sector banks to step up participation in the government’s financial inclusion drive, with a particular focus on flagship schemes such as PMMY and Stand Up India. Financial Services Secretary Sanjay Lohiya called for stronger digital outreach, faster loan processing, better insurance awareness and more responsive grievance handling as the government prepares a saturation campaign.

5 min readRead →
Banking, Fintech & Insurance08 Oct 2026, 07:18 PM IST

Government Moves to Police UPI Merchant Fees Daily as October 15 MDR Plan Nears

India is preparing to introduce a merchant discount rate on select UPI transactions from October 15, but officials say the government will monitor compliance daily to ensure payment charges are not passed on to consumers. The move reflects a delicate balancing act: preserving the rapid expansion of digital payments while creating a revenue stream that can help smaller merchants absorb transaction costs.

5 min readRead →
National Governance & Policy08 Oct 2026, 07:18 PM IST

India Urges Banks to Build Sector-Wide Quantum Transition and AI Resilience Plan

India’s finance ministry has asked banks to prepare for a sector-wide transition to post-quantum security while also developing an artificial intelligence resilience framework, according to an official familiar with the matter. The move reflects growing concern over “harvest now, decrypt later” attacks, in which cyber adversaries collect encrypted financial data today in anticipation of future quantum computing capabilities.

5 min readRead →
National Governance & Policy08 Oct 2026, 03:44 PM IST

Finance Ministry to Review Banks’ Progress on Inclusion Schemes on Tuesday

The Finance Ministry will meet heads of banks on Tuesday to assess the pace and effectiveness of India’s flagship financial inclusion programmes, with a focus on deposit access, credit delivery and social security coverage. The review is expected to examine whether schemes such as Jan Dhan, Mudra, Jeevan Jyoti Bima, Suraksha Bima and Stand-Up India are reaching intended beneficiaries at scale and with measurable impact.

6 min readRead →
National Governance & Policy08 Oct 2026, 12:24 PM IST

Finance Ministry Urges Private Banks to Deepen Role in Inclusion Push

The Finance Ministry has asked private sector banks to step up participation in the government’s financial inclusion programmes, including Pradhan Mantri Mudra Yojana and Stand Up India. Financial Services Secretary Sanjay Lohiya pressed lenders to widen digital outreach, speed up loan processing, improve insurance claim awareness and strengthen grievance redress as the government prepares for a saturation campaign.

5 min readRead →
National Governance & Policy08 Oct 2026, 05:49 AM IST

India Urges Banks to Build Quantum Transition Plan and AI Resilience Framework

India’s finance ministry has asked banks to prepare for a sector-wide shift toward post-quantum security and to develop an artificial intelligence resilience framework, according to an official familiar with the matter. The move reflects growing concern that encrypted financial data could be harvested now and decrypted later by future quantum computers, exposing banks, payment systems and customer records to long-tail cyber risk.

5 min readRead →
Banking, Fintech & Insurance08 Oct 2026, 03:29 AM IST

Bank Unions Defer Three-Day Strike After Talks With IBA, High-Level Committee Planned

Bank employee unions have deferred their planned three-day nationwide strike after fresh talks with the Indian Banks' Association, easing the immediate risk of disruption across the banking system. The discussions have paved the way for a new high-level committee to examine long-pending demands, including a five-day workweek and concerns over the Performance Linked Incentive scheme for senior officers.

6 min readRead →
Banking, Fintech & Insurance08 Oct 2026, 02:21 AM IST

Finmin to Review Bank Progress on Financial Inclusion Push on Tuesday

The Finance Ministry will meet heads of banks on Tuesday to assess the progress of key financial inclusion schemes, including Jan Dhan, Mudra, and government-backed insurance and entrepreneurship programmes. The review comes as policymakers look to deepen formal financial access, expand credit to small borrowers, and improve the reach and quality of welfare-linked banking services.

6 min readRead →
National Governance & Policy07 Oct 2026, 05:40 PM IST

Finance Ministry Seeks Banks’ Views on AI Loan Collection Tools

India’s finance ministry has asked banks for feedback on their use of artificial intelligence in loan collection, signalling a closer review of how lenders are adopting the technology and protecting borrowers. The exercise is aimed at mapping current deployment, with most banks using AI for borrower engagement and repayment reminders, while only a limited number have moved to conversational AI for collections.

5 min readRead →
Banking, Fintech & Insurance07 Oct 2026, 03:30 PM IST

Bank Unions Defer Three-Day Strike After Talks With IBA, Open Door to Holiday and Incentive Talks

Bank unions have deferred their planned three-day nationwide strike after discussions with the Indian Banks' Association, easing the immediate risk of disruption across the banking system. The talks are expected to lead to a high-level committee that will examine key employee demands, including a five-day workweek and concerns over the Performance Linked Incentive scheme for senior officers.

5 min readRead →
Banking, Fintech & Insurance06 Oct 2026, 12:13 PM IST

Government to Monitor UPI Merchant Fees Daily as October 15 MDR Plan Takes Shape

India’s finance ministry is preparing daily oversight of new UPI merchant discount rate arrangements set to begin on October 15, as the government negotiates with payment aggregators to prevent any pass-through of fees to consumers. Officials say the revenue framework is intended to support small merchants adopting digital payments while preserving UPI’s low-cost appeal for users.

5 min readRead →
Banking, Fintech & Insurance06 Oct 2026, 11:01 AM IST

Finance Ministry Sees No Cash Surge After UPI MDR Levy, Sources Say

The Finance Ministry does not expect the proposed merchant discount rate on select UPI transactions to trigger a meaningful shift back to cash, according to sources familiar with the matter. Officials believe the impact will be limited because only a small share of total UPI volume will be affected, while RuPay debit card transactions will remain exempt and free for users.

5 min readRead →
National Governance & Policy06 Oct 2026, 04:30 AM IST

Finance Ministry Seeks Banks’ Views on AI Loan Collection Tools as Adoption Widens

The finance ministry has asked banks to share feedback on their use of artificial intelligence in loan collection, signalling a closer policy review of how lenders are deploying automation in recovery and borrower engagement. The exercise is aimed at assessing adoption levels, customer-protection safeguards and the extent to which conversational AI is being used in collections.

5 min readRead →
Macro Economy & Fiscal Policy06 Oct 2026, 02:13 AM IST

Centre’s App-Based Fertiliser Pilot in 22 Districts Delivers ₹1,500 Crore Savings

The Centre’s pilot programme for fertiliser sales through an app in 22 districts has generated estimated savings of ₹1,500 crore, even as more farmers bought fertilisers in the Kharif 2026 season than a year earlier in the same districts. The outcome suggests that tighter digital tracking and targeted distribution can curb leakages without constraining farm access, offering a potentially significant fiscal lever in one of the government’s largest subsidy lines.

6 min readRead →
Banking, Fintech & Insurance05 Oct 2026, 06:41 PM IST

Finance Ministry Sees No Cash Surge After UPI MDR Levy, Sources Say

The Finance Ministry does not expect a meaningful shift back to cash after the proposed merchant discount rate on select UPI transactions, according to sources familiar with the matter. Officials believe the impact will be limited because only a small share of UPI volumes will be affected, while RuPay debit card transactions will remain free and the government will closely monitor any pass-through of charges to consumers.

5 min readRead →
Banking, Fintech & Insurance05 Oct 2026, 05:58 PM IST

Finance Ministry Sees No Cash Surge After UPI MDR Levy, Sources Say

The Finance Ministry does not expect a meaningful shift back to cash after the proposed merchant discount rate on a small slice of UPI transactions, according to sources. Officials believe the continued zero-cost status of RuPay debit card payments and close monitoring of pricing behaviour will help preserve India’s digital payments momentum.

5 min readRead →
Banking, Fintech & Insurance05 Oct 2026, 11:55 AM IST

Finance Ministry Sees No Cash Surge After UPI MDR Levy, Sources Say

The Finance Ministry does not expect a meaningful shift back to cash after the government’s move to allow merchant discount rate charges on a small slice of UPI transactions, according to sources. Officials believe the impact will be limited because most UPI payments remain outside the new charge and RuPay debit card transactions will continue to be free. The ministry is also said to be watching closely to ensure any MDR cost is not passed on to consumers.

5 min readRead →
Banking, Fintech & Insurance05 Oct 2026, 10:39 AM IST

Bank Unions Defer Three-Day Strike After Talks With IBA, High-Level Panel Planned

Bank unions have deferred a planned three-day nationwide strike after discussions with the Indian Banks' Association, easing immediate disruption risks across the sector. The talks have set the stage for a new high-level committee to examine key employee demands, including the long-pending issue of Saturdays as holidays and concerns over the Performance Linked Incentive scheme for senior officers.

5 min readRead →
Banking, Fintech & Insurance05 Oct 2026, 10:13 AM IST

Bank Unions Defer Three-Day Strike After Talks With IBA, Set Up Panel on Key Demands

Bank unions have deferred their planned three-day nationwide strike after discussions with the Indian Banks' Association, easing the immediate risk of disruption across the banking system. The talks have led to the formation of a high-level committee to examine employee demands, including Saturdays as holidays and concerns over the Performance Linked Incentive scheme for senior officers.

6 min readRead →
National Governance & Policy05 Oct 2026, 04:24 AM IST

Bengal Must Build Organised Real Estate Sector, Says Finance Minister Swapan Dasgupta

Finance Minister Swapan Dasgupta has called for a more organised real estate sector in Bengal, arguing that fragmented and informal market structures are holding back development. He also urged the removal of legacy laws, including the urban land ceiling act, saying such rules have become impediments to investment and urban growth.

6 min readRead →
National Governance & Policy04 Oct 2026, 08:13 PM IST

Vice President C. P. Radhakrishnan Addresses Jain Forgiveness Ceremony in New Delhi

Vice President C. P. Radhakrishnan addressed the Mahaparva Kshamapana ceremony in New Delhi, using the platform to underscore the civic and ethical value of forgiveness in public life. The event placed a national constitutional figure at the center of a deeply rooted spiritual observance, highlighting the continuing intersection of faith, social harmony, and governance in India.

5 min readRead →
Banking, Fintech & Insurance04 Oct 2026, 06:07 PM IST

Public Sector Banks, Regional Rural Banks to Remain Open on September 27 as Finance Ministry Seeks to Avoid Disruption

The Finance Ministry has said all public sector banks and regional rural banks will operate normally on September 27, signalling an effort to keep customer services uninterrupted amid a planned three-day nationwide bank strike called by the United Forum of Bank Unions. The move is aimed at ensuring routine banking needs, including branch transactions and essential services, remain available to the public.

5 min readRead →
National Governance & Policy04 Oct 2026, 02:44 AM IST

Bengal Must Organise Real Estate, Scrap Obsolete Laws: Swapan Dasgupta

Finance Minister Swapan Dasgupta said West Bengal needs a more organised real estate sector if it is to attract sustained investment and accelerate development. He argued that outdated laws, including the urban land ceiling framework, have acted as impediments to growth and should be removed or reworked to unlock land and capital.

5 min readRead →
India Entertainment & Culture03 Oct 2026, 07:54 AM IST

‘Drishyam: The Conclusion’ Review: Ajay Devgn and Jaideep Ahlawat Turn a Familiar Formula Into a Crowd-Pleasing Finale

Abhishek Pathak’s ‘Drishyam: The Conclusion’ does not merely revisit a proven thriller template; it recalibrates it for the Hindi mainstream with sharper emotional cues, broader spectacle and a more overtly theatrical sense of suspense. Ajay Devgn anchors the film with controlled menace, while Jaideep Ahlawat brings a volatile intensity that gives the cat-and-mouse drama its most electric moments.

6 min readRead →
National Governance & Policy03 Oct 2026, 07:34 AM IST

Bengal Must Organise Real Estate Players, Says Finance Minister Swapan Dasgupta

Finance Minister Swapan Dasgupta has called for a more organised real estate sector in Bengal, arguing that fragmented market structures continue to hold back investment and orderly urban growth. He also urged the scrapping of legacy laws, including the urban land ceiling act, which he described as impediments to development.

6 min readRead →
National Governance & Policy03 Oct 2026, 06:52 AM IST

India’s Q2 Growth Seen at 7.3% as Finance Ministry Flags Global Risks

India’s economy is projected to have expanded 7.3% in the July-September quarter, according to the Finance Ministry’s latest review, underscoring continued momentum in one of the world’s fastest-growing major economies. The ministry, however, warned that elevated oil prices, tighter global financial conditions and uncertainty around US trade policy could temper the outlook in the months ahead.

5 min readRead →
Enterprise Tech, Cloud & AI03 Oct 2026, 06:09 AM IST

India Faces Tougher Capital Hunt as Trade, Oil and AI Risks Cloud Outlook: Finance Ministry Report

India is confronting a more difficult environment for attracting capital as global trade tensions, volatile crude prices and rapid shifts in artificial intelligence reshape investor priorities, according to a Finance Ministry report. The assessment says the economy must become more competition-friendly rather than merely business-friendly if it is to sustain investment momentum and remain resilient in a more uncertain world.

6 min readRead →
Enterprise Tech, Cloud & AI03 Oct 2026, 05:23 AM IST

Finance Ministry Seeks Banks’ Views on AI Loan Collection Tools as Adoption Remains Uneven

India’s finance ministry has asked banks to share details of their use of artificial intelligence in loan collection, signalling a closer review of how lenders are deploying automation and whether customer-protection safeguards are keeping pace. Early indications suggest most banks are using AI to support borrower engagement and repayment reminders, while only a limited number have moved to conversational AI for collections.

5 min readRead →
Enterprise Tech, Cloud & AIJust now (07:11 PM IST)

Finance Ministry Seeks Banks’ Views on AI in Loan Collections as Adoption Widens

India’s finance ministry has asked banks to share feedback on their use of artificial intelligence tools in loan collection, signalling a closer review of how quickly the technology is being adopted and how borrowers are being treated. The exercise is aimed at assessing both operational deployment and customer-protection safeguards, at a time when lenders are increasingly using AI for engagement and repayment tracking, but only a few have moved to conversational AI for collections.

5 min readRead →
Banking, Fintech & InsuranceJust now (02:18 PM IST)

Government to Monitor UPI Merchant Fees Daily as October 15 MDR Plan Seeks to Shield Consumers

India’s finance ministry is preparing daily oversight of new UPI merchant discount rate arrangements from October 15, as the government negotiates with payment aggregators to ensure the fee is not passed on to consumers. Officials say the revenue framework is intended to support small merchants adopting digital payments while preserving the low-cost appeal that has made UPI the backbone of India’s retail payments system.

5 min readRead →
Banking, Fintech & InsuranceJust now (09:50 AM IST)

India’s economic outlook faces upside inflation risks, Finance Ministry warns

India’s economic outlook remains broadly resilient, but the Finance Ministry has flagged upside risks to inflation that could complicate the policy path in the months ahead. The report said the Reserve Bank of India’s recent open market operations to absorb excess system liquidity may help keep financial conditions balanced and curb any undue demand-side overheating.

5 min readRead →
National Governance & PolicyJust now (05:52 AM IST)

India Cuts Windfall Tax on Diesel and ATF Exports, Keeps Petrol Duty Unchanged

India has reduced its windfall tax on diesel and aviation turbine fuel exports for a fortnight, while leaving the levy on petrol exports unchanged, according to a finance ministry notification. The move signals a calibrated adjustment to fuel export taxation as global product spreads and domestic supply conditions continue to evolve.

5 min readRead →
Macro Economy & Fiscal PolicyJust now (03:47 AM IST)

India’s GST Collections Rise 14.7% in September to Over ₹2.03 Lakh Crore

India’s gross Goods and Services Tax collections climbed 14.7% year-on-year to more than ₹2.03 lakh crore in September, underscoring resilient tax buoyancy despite a mixed macroeconomic backdrop. Domestic activity contributed about ₹1.38 lakh crore, while import-linked revenues jumped 26% to ₹65,525 crore, signalling firm consumption and trade-related flows.

5 min readRead →
Banking, Fintech & InsuranceJust now (10:56 PM IST)

Bank Unions Defer Three-Day Strike After Talks With IBA, Open Door to Holiday and Incentive Negotiations

Bank unions have deferred their planned three-day nationwide strike after discussions with the Indian Banks' Association, easing the immediate threat of disruption across the banking system. The talks are expected to continue through a newly proposed high-level committee that will examine long-pending employee demands, including a five-day workweek and concerns over the Performance Linked Incentive scheme for senior officers.

5 min readRead →
Enterprise Tech, Cloud & AIJust now (09:53 PM IST)

India Faces Tougher Capital Hunt as Trade, Crude and AI Risks Cloud Outlook: Finance Ministry Report

India is facing a more difficult environment for attracting capital as global trade tensions, volatile crude prices and rapid shifts in artificial intelligence reshape investor calculations, according to a Finance Ministry report. The assessment says the economy must become more competition-friendly, not merely business-friendly, if it is to sustain investment momentum and strengthen its long-term growth profile.

5 min readRead →
Enterprise Tech, Cloud & AIJust now (08:09 PM IST)

India Faces Tougher Battle for Capital as Trade, Crude and AI Risks Mount: Finance Ministry Report

India is confronting a more difficult global environment for attracting investment as trade frictions, volatile crude prices and rapid artificial intelligence shifts reshape capital flows, according to a Finance Ministry report. The assessment argues that the economy must become “more competition-friendly rather than business-friendly,” signalling a policy push toward deeper market reforms, lower frictions and stronger productivity gains.

7 min readRead →
Macro Economy & Fiscal PolicyJust now (07:47 PM IST)

India halves trader stock limit to 100 tonnes in a fresh bid to curb hoarding

The Indian government has cut the stock limit for traders to 100 tonnes, halving the earlier ceiling, in a move aimed at tightening oversight of essential commodity inventories. The order will take effect on October 15 and remain in force until November 30, signalling a short-term intervention to discourage hoarding and temper price pressures.

4 min readRead →
Banking, Fintech & InsuranceJust now (04:57 PM IST)

Finance Ministry Flags Upside Inflation Risks as Growth Outlook Faces Pressure

India’s economic outlook remains resilient but is increasingly exposed to upside inflation risks, according to the Finance Ministry’s latest assessment. The report said the Reserve Bank of India’s recent open market operations to absorb excess liquidity could help preserve balanced financial conditions and curb any undue demand-side overheating.

5 min readRead →
Markets, IPOs & WealthJust now (03:55 PM IST)

Inox Air Products Files IPO Papers With Sebi for Pure Offer-for-Sale Issue

Inox Air Products has filed draft papers with the Securities and Exchange Board of India for an initial public offering that will consist entirely of an offer for sale of 7.7 crore shares, with no fresh equity issuance. The industrial and medical gas maker reported a 4% rise in FY26 net profit to Rs 914 crore and a 9% increase in revenue to Rs 3,034 crore, underscoring steady operating momentum ahead of a market debut.

6 min readRead →
Banking, Fintech & InsuranceJust now (02:11 PM IST)

RBL Bank receives GST show-cause notice over alleged Rs 173 crore input tax credit claim

RBL Bank said it has received a show-cause notice from Maharashtra GST authorities proposing a demand of more than Rs 173.08 crore, including interest and penalty, over alleged wrongful availment of input tax credit in FY23. The lender said it will respond to the notice and does not expect a material financial impact, citing favourable orders in an identical matter.

5 min readRead →
Macro Economy & Fiscal PolicyJust now (01:29 PM IST)

India’s Second Half of FY27 Will Be Tougher as Global Risks, Higher Rates Bite: CEA Nageswaran

India’s economic momentum has held up through July and August, but the second half of FY27 is likely to be more difficult as global uncertainty, rising interest rates and firmer oil prices weigh on activity, Chief Economic Adviser V. Anantha Nageswaran said. He said recent high-frequency indicators still point to resilience, even as September has already shown signs of strain.

5 min readRead →
India Entertainment & CultureJust now (10:43 AM IST)

Anuradha Kapur’s 'Virasat' Recasts Elkunchwar’s Wada Trilogy as a Stark Warning on Memory and Modernity

At Delhi’s Sunder Nursery, Anuradha Kapur’s 'Virasat' revisits Mahesh Elkunchwar’s celebrated Wada trilogy with a production that is both intimate and unsparing. The staging turns a family’s inherited decay into a broader meditation on the cost of clinging to a dying past, while questioning the assumption that modernity automatically means progress.

5 min readRead →
Startups & Venture CapitalJust now (09:19 AM IST)

India Startup Ecosystem Opens October With Funding Discipline, Product Push and Policy Watch

India’s startup sector entered October with a familiar mix of ambition and caution, as founders, investors and operators continued to navigate a tighter funding environment while pushing harder on product execution and unit economics. The day’s roundup reflects a market that is still active, but increasingly selective, with capital, regulation and customer retention shaping the next phase of growth.

5 min readRead →
Banking, Fintech & InsuranceJust now (06:13 AM IST)

Finance Ministry Sees No Cash Surge After UPI MDR Levy, Sources Say

The Finance Ministry does not expect the proposed merchant discount rate on a narrow slice of UPI transactions to trigger a shift back to cash, according to sources familiar with the matter. Officials believe the impact will be limited, with RuPay debit card payments remaining free and the government monitoring the market to ensure the cost is not passed on to consumers.

5 min readRead →

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Co-Occurring Entities

Entities frequently referenced alongside Finance Ministry:

New Delhi(79)India(49)Banks(20)Unnamed Finance Ministry Official(12)RuPay(10)Pradhan Mantri Mudra Yojana(8)