Page 27 - Finance Ministry

Economic recovery gaining strength as India emerges out of 3rd wave: RBI

FY23 Budget proposals, recent monetary policy set tone for broad-based economic revival, says RBI

Post-third Covid wave economic reset by year-end: Finance Ministry

Manufacturing, construction to drive growth on back of PLIs & spending on infra

NARCL to help reduce banking stress, kick-start credit cycle: RBI article

The cross-country evidence suggests that if the logistical and financial challenges are carefully navigated, experiments of centralised bad bank can have more hits than misses: RBI article

India economy to grow at quickest pace among large nations: Finmin report

The report said the Budget 2022-23 has strengthened the direction set for India's economy by the previous year's budget

Initiate next generation reforms to improve ease of doing biz: FM asks Sebi

The minister's remarks come against the backdrop of the Federal Reserve deciding to tighten its monetary policy after a long period of easy money regime

Decision on issuance of green bonds next month, says RBI Governor

The Budget had indicated that green bonds are part of the overall borrowing for the next financial year

ABG Shipyard fraud: Banks' detection faster than usual, says FM Sitharaman

The alleged Rs 22,842 crore ABG Shipyard fraud is the largest fraud detected in the Indian banking system yet.

Momentum of inflation on downward slope, says RBI Governor Shaktikanta Das

The Reserve Bank's inflation projections, Das said, are "robust" but contingent on downside and upside risks associated with the movement of global crude oil prices

Loans to ABG Shipyard turned NPAs prior to 2014, says FM Sitharaman

Normally banks take 52-56 months of time to detect such cases and initiate follow-up actions, said Finance Minister Nirmala Sitharaman

Discussions on with RBI over digital currency: Finance Minister Sitharaman

Sitharaman in her Budget speech on February 1 had announced that Digital Rupee or Central Bank Digital Currency (CBDC) would be issued by the RBI in the coming fiscal year

IPO going to be very positive development in LIC history, says Sitharaman

Moving one step closer to initial public offering (IPO), LIC on Sunday filed draft papers with the market regulator Securities and Exchange Board of India (SEBI)

Jan retail inflation likely rose to 6%, but no cause for panic: RBI Guv

There's a sort of major delicate balance between inflation and growth and the Reserve Bank is fully aware of its commitment to inflation, says Shaktikanta Das

Tax laws made complicated by exemptions, need to be simplified: Tarun Bajaj

Revenue Secy says govt wanted a stable and predictable tax regime, so very little tinkering was done in the Union Budget

Budget brings stability, inflation less than that during 2008 crisis: FM

There is no question of a slowdown or recession, said Sitharaman, as she cited an estimated 9.2 per cent GDP growth in the current fiscal year ending March 31

Internet connectivity in rural India growing at fast pace: Sitharaman

Rural internet user base is growing three times faster and is likely to surpass the urban user numbers soon, said Finance Minister Nirmala Sitharaman in the Rajya Sabha

Top headlines: Chandra gets 2nd term; FM informs on legitimacy of cryptos

Here are the top headlines on Friday

You started privatisation in 1991: Sitharaman to Cong in Rajya Sabha

Congress initiated the privatisation process in 1991 and disinvestment of worth over Rs one lakh crore was made in 1991 and the following years, she said

Taxing income doesn't give cryptos legitimacy: FM Sitharaman

'I am not going to legalise it or ban it at this stage. Banning or not banning will come subsequently, when consultations give me input,' says FM in Parliament

Govt contained inflation at 6.2% despite biggest contraction in economy: FM

She stated that the objective of the Budget is a stable and sustainable recovery in the economy

LIC: Govt weighing 5% stake sale via mega IPO, says report

The government plans to offer 316 million shares of the 6.32 billion shares it owns in Life Insurance Corp of India, and no fresh stock will be issued, say sources