Finance Ministry

Easy does it

Low inflation stokes expectations of further monetary easing. But macroeconomic stability concerns remain

Arun Jaitley resumes charge of Finance Ministry, attends high-level meet on Pulwama attack

Arun Jaitley also attended the meeting of the Cabinet Committee on Security (CCS) today, headed by PM Modi, to discuss the next course of action after the Pulwama attack in Kashmir on Thursday that killed at least 37 CRPF jawans.

The deficit Problem

Centre increasingly takes recourse to non-market borrowings for public deficits. There is a cost to deficit-induced borrowings.

Ahead of interim budget, finance ministry asks RBI: How much dividend can you transfer?

One of the contentious issues in the conflict between the government and the RBI under Urjit Patel was the size of the central bank’s reserves, which at Rs 9.6 lakh crore was then perceived as being excessive by the government.

Arun Jaitley’s return may be delayed, Piyush Goyal to fill in

In a communique issued Wednesday, Rashtrapati Bhavan stated that Arun Jaitley has been designated as “Minister without portfolio” until he is able to “resume” work.

Simply Put: ITRs, pre-filled with trust

The government is working on pre-filled Income-Tax returns using TDS data available with it. When did this idea originate? What are its advantages, and what are some of the concerns articulated by critics?

PMO to Secretary Garg: We red-flagged IL&FS, probe directors’ role

According to sources, Garg asked his office to convene a meeting with the chairpersons of SBI, LIC and Central Bank soon after. While LIC owns 25.34 per cent in IL&FS, Central Bank of India and SBI hold 7.67 per cent and 6.42 per cent, respectively.

To ease their cash crunch, Govt to put in Rs 83,000 crore in public sector banks

The fresh dose of capital will be given to enable banks to meet regulatory norms, allow better-performing PCA banks to achieve 9 per cent capital adequacy ratio, strengthen merging banks such as the recently merged Bank of Baroda-Vijaya Bank-Dena Bank combine and prevent non-PCA banks, such as Punjab National Bank, that are on the borderline from coming into the framework.

Govt plans further disinvestment in headless NIA, GIC

The Department of Investment and Public Asset Management (DIPAM) has invited expression of interest (EoI) from merchant bankers and brokers for managing the offer for sale (OFS) of GIC and New India Assurance.

Committee on RBI reserves in a week

The committee may have members from outside the government and the RBI to look into these issues, sources said. The composition of the committee will be decided jointly by the finance ministry and the RBI.

Finance Ministry's Directive Regarding Deposits In Old Notes Exceeding Rs 5000

BJP a pro-poor government: Jayant Sinha

New Delhi, Jan 14 (ANI): Addressing the 2016 Indo-Korea Business Summit, Minister of State for Finance Jayant Sinha on Thursday said that the Bharatiya Janata Party (BJP) is a pro-poor government and will always work for the upliftment of the country. He also said that Prime Minister Narendra Modi has always believed that the government is by the poor, for the poor and of the poor and added that this was helping India grow globally.

National Herald case: ‘Delighted’ Swamy says court will summon ministries

New delhi, Jan 11 (ANI): Bharatiya Janata Party (BJP) leader Subramanian Swamy on Monday said the court will soon send summons to the ministries having documents related to the National Herald case. He informed that the court would send summons to Income Tax (IT), Enforcement Directorate (ED), Ministry of Corporate Affairs, Finance Ministry, Registrar of Companies and Delhi Development Authority (DDA) in connection with this case.