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Finmin rejects RBI's proposal to bifurcate CMD's post in PSBs

Last Updated: Tuesday, April 08, 2014, 21:31

The Finance Ministry has turned down the Reserve Bank's proposal to bifurcate the post of Chairman and Managing Director in public sector banks saying this position doesn't enjoy absolute powers as is being claimed by some international experts.

Greece in "no hurry" for bond issue: Finmin

Last Updated: Monday, April 07, 2014, 19:21

Greece is in "no hurry" to tap markets with a five-year bond sale which reports said could come as early as this week, Finance Minister Yannis Stournaras said on Monday.

Fin Min study to assess quantum of black money complete

Last Updated: Wednesday, April 02, 2014, 16:17

The much-touted study to assess quantum of black money stashed in India and abroad has been completed by one of the three institutes engaged by the Finance Ministry about three years back.

Re-promulgation of ordinance will boost SEBI's powers: FinMin

Last Updated: Sunday, March 30, 2014, 18:51

The Finance Ministry Sunday said the re-promulgation of SEBI Ordinance would strengthen the regulator's enforcement powers and also bring in-built checks and balances to its functioning.

Finance Ministry deploys 261 expenditure observers for polls

Last Updated: Thursday, March 27, 2014, 19:02

The Finance Ministry has deployed 261 Indian Revenue Service (IRS) officers across the country to keep a tab on expenses by candidates in the Lok Sabha and Assembly elections.

Rajiv Takru appointed revenue secretary

Last Updated: Tuesday, March 25, 2014, 13:23

Rajiv Takru, a 1979 batch IAS officer of the Gujarat cadre, will be the new revenue secretary in the finance ministry, it was announed here Tuesday.

FinMin to hire external monitors to oversee disinvestment

Last Updated: Monday, March 24, 2014, 20:58

In order to ensure transparency in the disinvestment process, Finance Ministry has decided to appoint retired bureaucrats and prominent private sector executives as independent monitors to oversee working of merchant bankers and others associated with PSU stake sale.

Strengthening mkts, rupee reflect improvement in economy: FinMin

Last Updated: Monday, March 24, 2014, 16:01

"I certainly believe ... The economy has stabilised and that is reflected in rupee and stock markets. And going forward, I think, we will see growth numbers also improving," Economic Affairs Secretary Arvind Mayaram told reporters here.

FinMin looking at Coal India disinvestment next fiscal

Last Updated: Tuesday, March 18, 2014, 19:39

The Finance Ministry is looking at selling a stake in Coal India in the next financial year beginning April 1 to help the government meet its disinvestment target of Rs 36,925 crore.

Fin Min seeks EC nod on relaxation of ADR, GDR rules

Last Updated: Thursday, March 13, 2014, 18:34

At present, Indian companies issue American depository receipts (ADR) and global depository receipts (GDR) to foreign investors against underlying value of shares.

FM can easily meet 4.6% deficit target: Economists

Last Updated: Sunday, March 02, 2014, 12:10

Higher revenue inflows towards the end of 2013-14 will help the government meet the revised fiscal deficit target of 4.6 percent despite its having overshot the full-year borrowing target two months before the end of the fiscal, say economists.

RBI committed to "strongest growth possible": Raghuram Rajan

Last Updated: Wednesday, February 26, 2014, 23:02

Under flak from various quarters for raising rates, RBI Governor Raghuram Rajan Wednesday said the central bank is committed to the "strongest growth possible" and is on the same page as the Finance Ministry on this front.