Page 71 - Finance Ministry

Sebi considers short selling ban, trading curbs to reduce market volatility

Last week, the finance ministry hauled up the market regulator, seeking immediate action to curb the free fall in the market, sources said

FinMin may cut interest rates on small savings schemes for April-June qtr

The govt last cut the small savings rates for the July-September 2019 quarter, except for one scheme

Ensure credit not disrupted after bank merger, Finance Ministry tells PSBs

The FM met chief executives of public sector banks which are going to be merged from April 1

GST Council likely to defer simplified returns over glitches in system

Officials say that Finance Minister Nirmala Sitharaman in an outreach with taxpayers was disappointed to hear complaints about GST Network platform

Coronavirus: Exporters seek duty reduction, logistics support from Centre

Meanwhile, Irdai was asked to review existing insurance products to ensure risk cover against loss because of abnormal delay in delivery of shipments

Merged public sector banks will ensure no disruption to credit flow: FinMin

The merged public sector banks will ensure that there is no disruption to credit flow and customer experience is enhanced, the finance ministry said on Thursday. Ten public sector banks are to be merged into four from April 1. The finance minister is holding meetings with the lenders to review their preparedness. Finance Minister Nirmala Sitharaman on Thursday held meetings with chief executives of these banks, including Andhra Bank, Corporation Bank and Union Bank of India. "Amalgamating PSBs made a presentation to Hon. FM @nsitharaman on their preparedness. Amalgamated PSBs to ensure no disruption to Credit & enhanced customer experience," the Department of Financial Services said in a tweet. The Union Cabinet had last week approved the mega bank consolidation plan under which Oriental Bank of Commerce and United Bank of India will merge into Punjab National Bank; Syndicate Bank into Canara Bank; Andhra Bank and Corporation Bank into Union Bank of India; and Allahabad Bank into .

FM Nirmala Sitharaman to review bank merger preparedness on Thursday

Banks likely to set up common call centres and monitoring cells

Govt gives Infosys 15 days to submit plan to quickly fix glitches in GSTN

It was also decided to ask Infosys Chairman Nandan Nilekani to make an urgent presentation before the GST Council on March 14

Pension market set for deep reforms; foreign funds to get more leeway

This could entail a thorough rewrite of the pension products that insurance companies and some mutual funds offer today

FinMin says govt policies have large number of women beneficiaries

As on Feb 17, 2020, more than 81 per cent account holders under Stand Up India Scheme are women

Here's what Finance Ministry claims about women and social schemes

Micro Save Consulting says 65% of women either did not have access to formal financial services

Make GSTN portal efficient for tax payers: Finance ministry to Infosys

The ministry told Infosys it was the company's responsibility to deliver satisfactory performance of the portal and it should meet expectations of the tax payers

Can't cherry-pick issues under 'Vivad se Vishwas', clarifies govt

Disputes relating to wealth, securities transactions, commodities transaction tax, and the equalisation levy will not be covered under the Vivad se Vishwas amnesty scheme.

Govt wary of Adani-like bidding streak, puts airport privatisation on hold

During the previous privatisation process in 2018 too, the finance ministry wanted a cap on the number of airports a company could bid for

Best of BS Opinion: Coronavirus epidemic, climate-change impacts, and more

Can the coronavirus epidemic could lead to encouraging responses and who will succeed Aditya Puri

AGR issue: Top FinMin, NITI, DoT officials talk relief measures for telcos

The telecom department officials remained tightlipped after the high-level meeting on Sunday

Special-series bonds could be over 10% of FY21 gross borrowing target

Amount of debut issue and subsequent tranches will be finalised by FinMin, RBI in end-March

Govt to reveal steps on trade issues over coronavirus soon, FM chairs meet

The Finance Minister reviewed the preparedness to deal with issues surrounding the outbreak at a time when several sectors including manufacturing and distribution raised concerns

Merger of 10 public sector banks: Cloud hangs over April 1 deadline

PM wants to review outcome of BoB amalgamation before taking a final call

Senior IAS officer Debasish Panda appointed new finance secretary

Panda, a 1987-batch IAS officer of the Uttar Pradesh cadre, is at present special secretary, department of financial services