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All India · updated 24 Oct, 14:17 IST

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Maritime NBFC SMFCL aims for Rs 60,205 crore in disbursements by 2031

The Ministry of Ports, Shipping and Waterways announced on 23 October 2026 that the Sagarmala Finance Corporation Limited (SMFCL), India's first dedicated maritime Non Banking Financial Company, has opened its corporate office in New Delhi. SMFCL provides long-term financing for port-led development, shipbuilding, and coastal infrastructure, having already disbursed Rs 5,107 crore as of 30 September 2026.

Read the explainer Press release 2327664Official release from pib.gov.in ↗
Source details
Issued by
Ministry of Ports, Shipping and Waterways
Published on
Press Information Bureau, pib.gov.in (Press releases)
File hosted on
www.pib.gov.in, the government's file server for pib.gov.in
Dated
23 October 2026
The link opens
The original press release on the government website, in a new tab, unchanged.
Our check
Drafted from the release text and checked by software. Not yet reviewed by a person.

October 20263 items

Budget & spending
Announcements & other updates

Finance Minister chairs 30th FSDC meeting to review India's financial stability

The Ministry of Finance announced on 23 October 2026 that Union Minister Smt. Nirmala Sitharaman chaired the 30th meeting of the Financial Stability and Development Council (FSDC). The Council discussed measures to protect the financial sector from cyber threats, promote Fintech innovation, and manage risks from global economic uncertainties and AI.

Who it affects
Indian financial sector
When · Where
On 23 October 2026: 30th Meeting of the Financial Stability and Development Council (FSDC) · Across India
Press release 2327596Official release from pib.gov.in ↗ Explainer
Source details
Issued by
Ministry of Finance
Published on
Press Information Bureau, pib.gov.in (Press releases)
File hosted on
www.pib.gov.in, the government's file server for pib.gov.in
Dated
23 October 2026
The link opens
The original press release on the government website, in a new tab, unchanged.
Our check
Drafted from the release text and checked by software. Not yet reviewed by a person.
Budget & spending
Announcements & other updates

CBIC holds meeting in Mumbai to discuss GST reforms and ease of doing business

The Ministry of Finance announced on 23 October 2026 that the Central Board of Indirect Taxes and Customs (CBIC) held a trade interaction meeting in Mumbai. The event, attended by about 150 representatives from Maharashtra's trade associations and taxpayers, focused on recommendations from the 57th GST Council meeting.

Who it affects
taxpayers
When · Where
On 8 October 2026: 57th GST Council meeting (+1 more) · Across Maharashtra
Press release 2327327Official release from pib.gov.in ↗ Explainer
Source details
Issued by
Ministry of Finance
Published on
Press Information Bureau, pib.gov.in (Press releases)
File hosted on
www.pib.gov.in, the government's file server for pib.gov.in
Dated
23 October 2026
The link opens
The original press release on the government website, in a new tab, unchanged.
Our check
Drafted from the release text and checked by software. Not yet reviewed by a person.
Budget & spending
Announcements & other updates

Government pushes for Panchayat-led management of rural water supply systems

The Department of Drinking Water and Sanitation, Ministry of Jal Shakti, announced on 22 October 2026 that it held a virtual conference to align Jal Jeevan Mission (JJM) 2.0 with 16th Finance Commission grants. The initiative aims to shift focus from building new infrastructure to maintaining existing systems through Gram Panchayat-led planning and sustainable financing.

Who it affects
rural households
When · Where
On 1 September 2026: Departmental Summit on Water 2026 (+1 more) · Several states
Press release 2326649Official release from pib.gov.in ↗ Explainer
Source details
Issued by
Department of Drinking Water and Sanitation (DDWS), Ministry of Jal Shakti
Published on
Press Information Bureau, pib.gov.in (Press releases)
File hosted on
www.pib.gov.in, the government's file server for pib.gov.in
Dated
22 October 2026
The link opens
The original press release on the government website, in a new tab, unchanged.
Our check
Drafted from the release text and checked by software. Not yet reviewed by a person.