Page 45 - Finance Ministry

Finance ministry asks Sebi to address issues that led to NSE outage

The finance ministry has asked markets regulator Sebi to take necessary measures to address issues that led to the outage at National Stock Exchange recently

Twenty states implement ease of doing business reforms: Finance Ministry

Union Finance Ministry on Saturday informed that twenty states have completed the 'Ease of Doing Business' reforms stipulated by the Department of Expenditure

RBI Dy Guv Kanungo may get extension; interviews to find successor nixed

The move comes at a time when the central bank is working on digital currency

High economic growth will spare India from debt trap, say experts

Finance panel had indicated that total debt could touch 90% of GD

NSE co-location case: ED investigation likely to conclude next month

Widens ambit to also look at the recent technical glitch that halted NSE trading for hours

Explained: What are perpetual bonds & why have new Sebi rules irked FinMin?

Sebi's new rules around mutual fund (MF) investments in these bonds have kicked up a storm

Valuing AT1 bonds

A sudden change in the metrics will be disruptive

No proposal for scrutiny of GST assessment in faceless mode: Thakur

There is no proposal of faceless scrutiny assessment of GST returns as the Goods and Services Tax rule already provide for electronic filing and assessment, Thakur said

Sebi may tweak AT1 bond rule, looks for middle ground on valuation

Sebi is considering the alternatives with credit-rating agencies, fund houses, and ministry officials

100% of estimated GST compensation shortfall of Rs 1.1 trn released: Govt

Starting from October 23, 2020, the borrowings were completed in 20 weekly instalments

Private sector's efficiency to unlock value of firms being privatised: FM

Sitharaman on Monday said efficient management and use of the latest technology by the private sector will help unlock the real value of CPSEs undergoing strategic sale

Finmin asks Sebi to make greater disclosure in the annual report

Ministry put out a new rule through a gazette notification

Finance ministry asks Sebi to revoke 100-year maturity rule on AT1 bonds

Revised norms to treat all perpetual bonds as 100-year tenor to be withdrawn

Additional tier-1 bond stand-off likely to spook corporate bond yields

Besides redemption pressure in debt market, it will make fund raising difficult for PSBs

FinMin to soon infuse Rs 14,500 cr in banks under PCA: Report

Indian Overseas Bank, Central Bank of India and UCO Bank are currently under this framework that puts several restrictions on them, including on lending, management compensation and directors' fees

FinMin asks Sebi to withdraw directive on tenure of AT1 bonds

Ministry has asked Sebi to withdraw its directive to mutual fund houses to treat AT-1 bonds as having maturity of 100 years as it could disrupt the market and impact capital raising by banks

Finance Ministry asks Sebi to withdraw circular on AT1 bonds: Report

Panic redemption by mutual funds would impact the overall corporate bond market as MFs may resort to selling other bonds to raise liquidity in debt schemes, says the memorandum

A professional for the job: G P Samanta, India's new chief statistician

Respected economist takes up job as critics keep up their doubts about official data

India to levy 40% duty on solar equipment imports from next year

India is planning to expand its renewable power capacity fivefold to 450 gigawatts by 2030

Finance ministry agrees to customs duty proposal on solar modules: MNRE

The Ministry of New & Renewable Energy (MNRE) has said that the finance ministry has agreed to its proposal to impose basic custom duty (BCD) of 40 per cent on solar modules and 20 per cent on solar cells from April 1, 2022. An office memorandum of the MNRE said the proposal "to impose BCD on solar cells and modules (without grandfathering of bid out projects) has been agreed to by the Ministry of Finance". According to the memorandum, the rate of BCD would be zero on solar modules as well as cells till March 31, 2022 and from April 1, 2022, the rate of BCD would be 40 per cent and 20 per cent, respectively. The ministry has directed to inform all RE (renewable energy) implementing agencies and other stakeholders to take note of the duty rates and to include provisions in their bid documents, so that bidders take these into account while quoting tariffs, in all bids where the last date of bid submission is subsequent to (issue of) this memorandum. It also stated that in all such