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DEA

Government extends DEA Secretary Shaktikanta Das' term by 3 months

Government extends DEA Secretary Shaktikanta Das' term by 3 months

Das, 59, took over charge as Economic Affairs Secretary in Ministry of Finance on August 29, 2015 with his term coming to an end on March 31, 2017.

Disinvestment department seeks tax incentives for retail investors

Disinvestment department seeks tax incentives for retail investors

In a bid to broad base retail participation in stock markets the Department of Disinvestment (DoD) has suggested tax incentives for small investors to invest in the equity market.

FinMin restricts Internet access for director-level officers

Amid a CBI probe into leakage of secret documents, Finance Ministry has clamped down on the use of Internet and private emails by those up to the director level in the Department of Economic Affairs (DEA), restricting the access only to official mails and government websites.

BP unveils $12 bn investment in Egypt gas fields

British energy giant BP said Friday it would invest $12 billion (11 billion euros) in gas fields in Egypt together with Russian-owned partner DEA, calling it a "vote of confidence" in the country.

Govt working on Infrastructure Trust Fund: Mayaram

With a view to accelarte flow of long-term funds in infrastructure projects, the finance ministry is looking to put in place a new structure called Infrastructure Trust Fund, much in line with Real Estate Investment Trust (REIT), a top official said on Friday.

Growth likely to pick up in Q3 and Q4: Mayaram

Economic growth will pick up in the third and fourth quarters of the current fiscal and the government will be able to meet its fiscal deficit target, a top finance ministry official said Wednesday.