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Fri, Nov 03, 2023
Cover Story: There is bumper demand all around during the festive season, and the government's coffers are getting filled as GST collection is increasing significantly.
Thu, Mar 19, 2020
The Finance Ministry is considering a proposal that includes temporary suspension of most taxes levied on the sector, including a deferment of aviation fuel tax, said the sources, who have direct knowledge of the matter.
Mon, Jan 28, 2019
Finance ministry's meet the CEOs of public sector banks to take a stock of the banking sector, and discuss ways to improve their financial health.
Thu, Jan 24, 2019
The Air India holiday package cover flights for sure in addition with site-seeing options, hotels and road transportation.
Mon, Jan 07, 2019
Showing an increase of 14.1 per cent over the same period last year, the gross direct tax collections till December stood at Rs 8.74 lakh crore, according to provisional figures released on Monday.
Thu, Dec 27, 2018
Performance of these 7 PSBs can be attributed to a particular news. The buzz was that Union Finance Ministry is likely to go for capital infusion of about Rs 28,615 crore in these PSBs.
Fri, Dec 21, 2018
The order that authorised 10 central intelligence, security and tax agencies to intercept, monitor and decrypt all the data contained in "any" computer system was issued Thursday night by the 'cyber and information security' division of the Ministry of Home Affairs(MHA) under the authority of Home Secretary Rajiv Gauba.
Public sector lender Bank of Baroda Friday said the 'Alternative Mechanism' of the finance ministry has accorded in-principle approval for its merger with Dena and Vijaya Bank.
Fri, Dec 14, 2018
"Geographically, it`s the eastern parts of India which are agriculture rich , mineral rich but where growth rates have never been so high which need to be exploited to the fullest so that we can look at these areas as future engines of growth," he said at a conclave here.
Sun, Nov 25, 2018
The PCA framework kicks in when banks breach any of the three key regulatory trigger points -- namely capital to risk weighted assets ratio, net non-performing assets (NPA) and return on assets (RoA).
Tue, Nov 20, 2018
With the RBI and the government stepping away from their extreme positions, the financial market is expected to react positively. Foreign investors, who have been closely following the power tussle between the government and the RBI, will also be happy with the meeting's conclusion. The next board meeting of the RBI will now be held in Delhi on December 14.
Mon, Nov 19, 2018
RBI, which had taken a stern stance, is likely to relax the PCA norms only on those banks that are showing signs of a turnaround through faster resolution of non-performing assets (NPAs) and shedding of non-core assets. The other option being weighed is a committee being jointly set up by the government and the RBI to access the merits of the corrective action undertaken by the ailing banks.
Sat, Nov 17, 2018
The Debt ETF would help these state-run companies and banks help meet the capex and business needs by leveraging their aggregate strength.
Sun, Nov 11, 2018
"NTPC, SJVN, NLC and NBCC have been included in the CPSE ETF, while GAIL, EIL and Container Corporation removed from the basket. CPSE ETF now has scrips of 11 state-owned companies as against 10 earlier," an official told PTI.
Wed, Nov 07, 2018
Keeping up the heat on the RBI, the government will continue to press the central bank to relax norms to boost lending and transfer at least a third of its Rs 9.6 lakh crore reserve, sources familiar with the discussions said.
Tue, Nov 06, 2018
The Finance Ministry is now seeking a transfer of Rs 3.6 lakh crore from RBI, which is more than one-third of the central bank’s reserves.
This would be the fourth tranche of the CPSE ETF, which comprises shares of 10 bluechip companies. In the earlier three tranches of the ETF, the government had raised Rs 11,500 crore.
Raghuram Rajan spoke in an interview over key developments in RBI vs govt controversy, section 7, debate on NBFC liquity, PCA framework and he also shed some light on rupee volatility.
Mon, Nov 05, 2018
The government's row with RBI is over the PCA framework where about 11 state-owned banks are, more or less, trapped.
Liquidity is a critical indicator of banking, financial services and insurance (BFSI) sector’s performance over the next few months. The current tightness in liquidity and systemic risk aversion, triggered by IL&FS’s default, and outflows from debt mutual funds, have big implications for non-banking financial companies (NBFCs), which will be in a deep soup if they are unable to properly anticipate funding supply challenges, said market experts.
Sun, Nov 04, 2018
The Finance Ministry is likely to finalise the second round of capital infusion for public sector banks (PSBs) towards the end of this month taking into account the latest quarter's performance, sources said.
Wed, Oct 31, 2018
Separate letters have been sent to the Reserve Bank of India (RBI) governor in recent weeks, exercising powers under the section on issues ranging from liquidity for non-banking financial companies, capital requirement for weak banks and lending to small and medium enterprises, the report said.
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