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FinMin clears SPV proposal for electronic clusters

Last Updated: Sunday, December 22, 2013, 11:25

In July 2012, the Cabinet had approved the proposal to offer financial support for the development of EMCs.

FinMin expects $25 bn inflows via swap windows by Nov-end

Last Updated: Tuesday, November 12, 2013, 14:57

"Till November 30, our (FCNR-B) window is open. We might even touch USD 25 billion," Economic Affairs Secretary Arvind Mayaram told reporters here on Tuesday.

FinMin seeks DoT's view on attracting top global telecom firms

Last Updated: Friday, September 27, 2013, 21:48

After allowing 100 percent FDI in the telecom sector, the government is making efforts to attract global giants such as China Telecom to help revive investment flows, sources said.

FinMin to review performance of major govt schemes in July

Last Updated: Tuesday, June 25, 2013, 16:32

Finance Ministry will next month review financial and operational performance of about major 70 schemes, like mid-day meal, bank recapitalisation and rural employment guarantee scheme, and has sought expenditure details from the concerned ministries and departments.

FinMin verifying outward remittances made in 2011-12 fiscal

Last Updated: Friday, June 14, 2013, 19:35

For 2011-12, there were 7,56,741 foreign remittances made from India with money worth Rs 3,56,461 crore going out of India, he added.

Examining 2-3 models by PlanCom, Finmin on PPP model: Coal Min

Last Updated: Tuesday, May 28, 2013, 20:44

The panel is required to devise a PPP policy framework in order to increase production of coal.

FinMin to soon notify 30% investment cap for LIC: Takru

Last Updated: Sunday, May 26, 2013, 14:20

Justifying the decision to treble LIC's investment limit, Takru said the Corporation was sitting on trillions of rupees which have to be invested.

FinMin forms panel to rationalise FII, FDI definition

Last Updated: Tuesday, April 02, 2013, 23:23

"In accordance with the budget announcement, a committee is hereby constituted, to examine and work out the details of the application of the principle followed internationally for defining FDI and FII," the Ministry said on Tuesday.

FinMin meets PSU officials, discusses surplus fund utilisation

Last Updated: Wednesday, January 16, 2013, 21:53

Economic Affairs Secretary Arvind Mayaram met top officials of bluechip PSUs and discussed possible ways to efficiently utilise their surplus cash that would boost investments and spur economic growth, sources said.

FinMin asks banks to review non-core operations

Last Updated: Sunday, January 06, 2013, 12:46

"We also want banks to look at their non-core area operation. Some of the banks have gone into non-core areas," a senior Finance Ministry official said.

FinMin likely to take up IKEA's Rs 10,500cr proposal on Nov 20

Last Updated: Tuesday, October 30, 2012, 21:03

The Finance Ministry said the next meeting is scheduled for November 20. It, however, said "agenda for the meeting will follow".

FinMin says working on modifying 'outdated' MSME definition

Last Updated: Tuesday, September 11, 2012, 19:30

As per the MSME Development Act of 2006, two categories viz services and manufacturing have been created and investment sizes set, according to which companies are classified.