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.

Modi replaces top finance mandarin Mayaram in first major shakeup

Prime Minister Narendra Modi has transferred the top civil servant at the finance ministry, replacing him with a top official from Rajasthan, the state that has pushed dramatic free market reforms in recent months.

Falling crude prices to have favourable impact: Mayaram

Finance Secretary Arvind Mayaram on Wednesday said declining crude oil price will have favourable implications for the country, but there was no need to be overly optimistic about it.

Schemes like smart cities, speed trains in next Budget: Mayaram

The Budget 2015-16 will include many of the schemes announced by Prime Minister Narendra Modi such as smart cities and high speed trains, Finance Secretary Arvind Mayaram said on Friday.

Jaitley not to attend Fund-Bank meetings

Finance Minister Arun Jaitley, who was discharged from AIIMS today, has decided not to attend the annual meetings of IMF and World Bank in Washington later this week and his place will be taken by Finance Secretary Arvind Mayaram.

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.

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.

Rajan meets Mayaram ahead of monetary policy review

Ahead of monetary policy review on September 30, RBI Governor Raghuram Rajan on Friday met Finance Secretary Arvind Mayaram and is believed to have discussed macroeconomic issues, according to sources.

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.

G20 resolves to check profit shifting for fair tax realisation

The Finance Ministers of the G20 nations on Saturday resolved to tackle Base Erosion and Profit Shifting (BEPS) to make sure companies pay their fair share of tax.

India's GDP to rebound to over 7% in 2-3 years: Mayaram

India is following economic growth inducing policies and is confident that the GDP will rebound to over 7 percent in 2-3 years, Finance Secretary Arvind Mayaram said Thursday while emphasising that business confidence is back.

FIPB clears 21 FDI projects, rejects Sistema Shyam's proposal

Foreign Investment Promotion Board on Tuesday cleared 21 proposals including that of Bharti Shipyard, but turned down the Sistema Shyam's request to raise foreign holding.

India pitches for rating upgrade, says will keep fiscal in check

Pitching for the country's rating upgrade, Finance Ministry officials on Monday informed credit ratings agency Moody's that the Budget 2014-15 has provided an impetus to growth and the government is taking steps to keep the fiscal deficit under check.

Curbs on gold imports likely to continue for some more time

The Finance Ministry on Thursday indicated that restrictions on gold import scheme are likely to continue till situation becomes "more comfortable".

FinMin says decision on FDI limit in HDFC Bank soon

The Finance Ministry on Thursday said it is looking at issues connected with HDFC Bank's proposal to raise FDI limit in it and will take a decision shortly.

Meeting fiscal deficit target of 4.1% a tough task: Mayaram

After remaining at sub-5 percent in last two fiscal years, economic growth in the ongoing fiscal year is estimated to be between 5.4 and 5.9 percent.

Finance Ministry examining Budget proposal to double tax on debt MFs

The Finance Ministry is examining to tweak the Budget proposal for hiking capital gains tax to 20 percent for debt mutual funds following representation from the industry, Economic Affairs Secretary Arvind Mayaram said on Wednesday.

FinMin mulls raising FII investment sub-limit in govt bonds

Government is considering hiking the FII investment sub-limit in its bonds to USD 25 billion without disturbing overall USD 30 billion FII debt cap, a top finance ministry official said Monday.

Finance secretary Mayaram defends 4.1% fiscal deficit target

Finance Secretary Arvind Mayaram said that plans announced in this week`s budget to stick to a fiscal deficit target of 4.1 percent of GDP are "very credible", despite criticism from ratings agencies that the number is optimistic.