Tag: Ministry

Ministry of Finance and Economy

Cash Payment Of Service Pension And Descendents’ Pension

21 April 2020

With reference to previous press releases dated 14th and 26th March 2020 on the payment of civil service pensions and derivative pensions (for widows and dependents). As of 20th April 2020, a total of 1,534 recipients have agreed to receive their pensions directly to their bank accounts. Meanwhile, the remaining 2,612 recipients have not submitted their banking details.

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‘Buy Local Produce’ Campaign To Facilitate Sourcing And Selling Of Local Produce

​21 April 2020

Following the announcement of temporary closures of several marketplaces (Tamu) in Tutong and Seria as one of the precautionary measures to contain the outbreak of COVID-19 in the country, the Ministry of Finance and Economy (MOFE) in collaboration with the Ministry of Home Affairs, Ghanim International Corporation Sdn Bhd and Darussalam Enterprise (DARe) is introducing the ‘Buy Local Produce’ campaign.

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Nigerians Embarrassed As Ministry of Finance Begs Elon Musk, Tesla for Ventilators On Twitter

Some Nigerians are bewildered on social media following the official Twitter handle of the Ministry of Finance and Budget begging for ventilators from industrial engineer, Elon Musk.

On the last day of March, Elon Musk tweeted that “We have extra FDA-approved ventilators. Will ship to hospitals worldwide within Tesla delivery regions. Device & shipping cost are free. Only requirement is that the vents are needed immediately for patients, not stored in a warehouse. Please me or @Tesla know.”

We have extra FDA-approved ventilators. Will ship to hospitals worldwide within Tesla delivery regions. Device & shipping cost are free. Only requirement is that the vents are needed immediately for patients, not stored in a warehouse. Please me or @Tesla know.

– Elon Musk (@elonmusk) March 31, 2020

With over N13.5 billion donated by individuals to support the Federal Government in the fight against coronavirus, many wondered why the Finance Ministry would

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Bombay HC urges ministry of finance to have two DRATs in Mumbai – Sci Burg

Because of the dearth of DRAT benches, the litigants should tour from Mumbai to Up t get a meantime order.

Of the 5 Debt restoration Appellate Tribunal (DRAT) in India best are functioning in the interim because the chairpersons of the remaining 3 have both retired or resigned from the put up. this is inflicting excessive hardships to litigants and advocates.

The situation that emerges for a litigant in Mumbai be it financial institution or a character, has to journey to Allahabad in Uttar Pradesh that’s round 1,500 kilometres away to get an intervening time order or pressing listening to. The Bombay excessive court docket these days pulled up the Union Ministry of Finance and directed it to recollect having two benches of DRAT in Mumbai to prevent such times wherein litigants, advocates are made to go through.

There are 5 DRATs within the united states of america of which

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Ghani Rescinds Order to Divide Finance Ministry

Abdul Hadi Arghandiwal, acting finance minister, in a conference on Monday said that the president issued a new decree that no directorates of the Finance Ministry will be separated from the ministry.

Recently President Ghani in a decree divided the ministry into three separate directorates.

This decision of President provoked strong criticism from inside and outside the country.

“At our request, the president issued an order that no part of the Ministry of Finance would be separated,” said Arghandiwal.

The original decree would have divided the ministry into the office of revenues and customs, the office of the treasury, and the finance administration.

“Governance is based on belief and trust, and these kinds of decisions are often based on mistrust,” said Sayed Qeyas Sayedi, a university professor.

The officials of the Ministry of Finance in this meeting consider the spread of the coronavirus as a concern for the implementation of

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Finance Ministry to issue fresh notice to NDTV following SC verdict


The finance ministry has decided to issue fresh notice in the income tax re-assessment case of NDTV. The decision follows the Supreme Court ruling that allowed the revenue department to do so.


However, NDTV in a statement said the Supreme Court on Friday refused to allow the revenue department to reopen an assessment that was decided years ago.


The Supreme Court has proved that the rule of law prevails above all else, NDTV said.



According to sources in the finance ministry, the Supreme Court on Friday endorsed the view of the Income Tax Department that “there were reasons to believe that income had escaped assessment” in the case of NDTV for the year 2008-2009.


The reasons to believe recorded by the IT Department while reopening the case in March 2015 stated that the funds amounting to Rs 405.09

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Finance ministry proposes cash handouts for those affected by shutdown

The Ministry of Finance is planning to propose cash handouts for those who have become unemployed or been affected by the closure of business venues in Bangkok and other provinces as part of measures to prevent the spread of Covid-19.

Ministry permanent secretary Prasong  Poontaneat said measures would be proposed to the Cabinet meeting on Tuesday (March 24) to help people who are affected by the government’s order to shutdown several business venues.


“Those having social security will be taken care of by the Social Security Office, while those who are not insured under the social security scheme will be taken care of by the Ministry of Finance,” he said. “We are planning to use an emergency budget from fiscal 2020 of around Bt20 billion to provide cash handouts to people affected by the Covid-19 preventive measures.”


Prasong explained that the proposed plan aims to hand out cash

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