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FINANCE MINSITRY
Short-term risk management must not hurt macro stabilityThe report said headwinds from monetary tightening, seen globally, are a concern. "Depreciation risk to rupee, however, still remains as lo...- Finance Ministry issues uniform norms for accountability to protect bonafide decision of bankersStressing that the new guidelines will surely boost the morale of the PSBs employees immensely, it said banks will have to complete staff a...
- Government nod to public procurement policy for local goodsThe move would facilitate local manufacturing and boost domestic demand for locally manufactured products, the commerce ministry said in a ...
- IIP growth expected to see some uptick in January, says a Kotak reportThe report said the situation is likely to have improved since demonetisation and IIP growth should see some uptick in January.
- Indian economy well cushioned to absorb Fed Rate hike impact: CEAEconomic Affairs Secretary Shaktikanta Das said Indian markets have already factored in the impact of the increase.
- Govt allocates Rs 22,915 crore capital to public sector banks for FY1775% of the amount allocated is being released now to provide liquidity support for lending operations and to enable banks to raise funds fr...
- Government allows more time for paying tax to those declaring unaccounted assets under black money schemeUnder the initial terms, the entire tax had to be paid by November 30, 2016 and the declarations could be made by September 30, 2016.
- Apple vs single-brand retail policy: DIPP officials defend local sourcing clauseThe finance ministry cleared the US company’s proposal to set up Apple Stores under the single-brand policy but without any relaxation in t...
- Banks open 19.21 crore accounts under Pradhan Mantri Jan Dhan YojanaIn a statement, the ministry noted that Rupay cards have been issued to 16.51 crore customers and two lakh accounts are opened every day.
- Pradhan Mantri Jan Dhan Yojana exceeds Rs 25,000 croreDeposits in accounts opened under the government's ambitious financial inclusion scheme Pradhan Mantri Jan Dhan Yojana (PMJDY) have exceede...
- Lalit Modi fiasco: Congress rejects Sushma Swaraj's claimCongress today rejected Sushma Swaraj's claim of helping Lalit Modi on humanitarian grounds in Lok Sabha, saying she could have done it und...
- Congress refuses to buy Sushma Swaraj's 'humanitarian' argumentThe discussion was taken up on the penultimate day of the Monsoon session after the government agreed to it through an adjourment motion.
- RBI steps in as Re hits record low of 58.98The rupee still closed 24 paise lower at 58.39 compared to yesterday's close, extending losses for fifth straight day.
- New package for debt-ridden Discoms"The package is being finalised and the cabinet note is likely to be moved by month-end," a finance ministry official told ET.
- Pranab Mukherjee okays Ashok Chawla recommendations on transparent market pricing for natural gasA repository that would have data on all oil assets held by both national and private companies will also be created.
- Anand Sharma seeks interest relief for exportersThe commerce department will soon ask the finance ministry to re-introduce interest rate subvention or discount scheme for certain category...
- EPFO board to decide on capital investmnet on Oct 24The EPFO's Finance and Investment Committee (FIC) will take a decision on investing between 3 and 5% of its enormous corpus in the capital ...
- RBI actions enhanced 'de-facto' independence: Y V ReddyReserve Bank, through its actions, has acquired enhanced independence, though officially there has been no noticeable movement in it gettin...
- Budget '07: Excise duty on processed food may goFinance Ministry is understood to be considering abolishing excise duty on food made from perishable farm produce.
- FinMin mulls over currency swap for infrastrustureWith infrastructrue crying for long term funding and external commercial borrowing having a cap of $18 billion in a year, the Finance Minis...
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