Ratan Watal new Finance Secy, new team takes charge

Ahead of beginning of work on the Budget for 2016-17, government Monday designated Ratan P Watal as new Finance Secretary even as a new team of officials took charge at the finance ministry.

India plans to amend RBI Act by Feb to set up monetary panel: Official

The government plans to change the Reserve Bank of India Act before the end of the fiscal year so it can set up a new committee to direct the country`s monetary policy, retiring Finance Secretary Rajeev Mehrishi told Reuters.

Senior IAS officer Rajiv Mehrishi appointed new Home Secretary

Senior IAS officer Rajiv Mehrishi appointed new Home Secretary

Finance Secretary Rajiv Mehrishi on Monday was appointed as the Home Secretary, the PIB India reported.

Loans under PMMY to double to over Rs 1 lakh cr by March

Since the launch of the scheme in April by Prime Minister Narendra Modi, about Rs 14,000 crore worth of loans have been disbursed under the scheme to 20 lakh people.

Govt clears FDI proposals worth Rs 10,379 crore

"The government has approved 23 proposals of foreign direct investment amounting to Rs 10,378.92 crore," the Finance Ministry said.

Govt has right to nominate representative on RBI board: FinSecy

Defending the Finance Ministry's decision to nominate Additional Secretary on the board of RBI, Finance Secretary Rajiv Mehrishi Monday said government has the right to decide who will represent it at the board meetings.

Finance secretary says doesn't wants to curb RBI's powers

Rajiv Mehrishi said it was not right to conclude on the basis of the draft bill that the government was trying to clip the central bank`s wings.

Govt names Additional Secretary to RBI board in place of Fin Secy

As per the convention, Economic Affairs Secretary besides the Financial Services Secretary is part of Central Board Directors of RBI.

Impact of Greek developments will be indirect: Finance Secretary

Ongoing developments in Greece have only indirect implications for India and their impact, if any, is difficult to quantify, Finance Secretary Rajiv Mehrishi said on Monday.

NIA arrests 'finance secretary' of Naga insurgent group

Self-styled Finance Secretary of banned Nagaland insurgent group NSCN (K) was on Thursday arrested by National Investigation Agency (NIA).

Measures will be in place in case of poor monsoon: FinMin

Government will put in place a combination of measures like offloading rice and wheat stocks to cool down prices in case of a below normal monsoon this year.

Union Finance Secretary releases Rupee 1 notes

Union Finance Secretary Rajiv Mahrishi has released new Rupee 1 notes at Srinathiji temple in Nathdwara after offering prayers, a temple spokesman said.

Rajiv Mehrishi designated as Finance Secretary

The Finance Ministry has four secretaries - Economic Affairs, Expenditure, Revenue and Financial Services.

Arvind Mayaram gets second transfer order in a fortnight

Senior bureaucrat Arvind Mayaram has received a second transfer order in a fortnight.

Arvind Subramanian appointed CEA; finance secy Mayaram shifted to tourism

Government has brought in a new team at the Finance Ministry shunting out Finance Secretary Arvind Mayaram and inducting US-based economist Arvind Subramanian as Chief Economic Advisor as it prepares the groundwork for its first full-fledged Budget next February.

Economic conditions becoming favourable for rate cut: Mayaram

Mayaram argued that the WPI inflation is at the lowest level since October, 2009 and retail inflation is less than 8 percent which is the target for this year according to a RBI panel report.

Sandhu says RBI fears on Jan Dhan addressed; 70% target met

Opening of 5.1 crore accounts means meeting 70 percent of the target of 7.5 crore set by the government by January 26, 2015, he said.

FIPB to consider 26 FDI proposals on Oct 1

The Foreign Investment Promotion Board (FIPB) will take up 26 FDI proposals, including that of HDFC Bank and Punj Lloyd, on Wednesday.

GDP growth could touch 5.9% this fiscal: Finance Secretary

Confident of a rating upgrade, Finance Secretary Arvind Mayaram on Friday said growth rate in the current fiscal will be in range of 5.5-5-9 percent, exceeding Standard and Poor's estimate of 5.5 percent.

FinMin, banks discuss hiving off Dabhol plant's LNG terminal

Finance Ministry on Thursday discussed with lenders the option of hiving off LNG terminal of the beleaguered Dabhol power plant for sale to cut debt.