Page 76 - Finance Ministry

FM says talks on helping economy continue, won't comment on timeline

Sitharaman says govt heard concerns of five sectors; does not seem too convinced on issue of subsidising gold imports

FinMin asks PSBs to begin consultation process to achieve $5-trn economy

It also aims to find out the role of PSBs as active partners in the Indian growth story for the next five years

RBI, FinMin must closely coordinate to form a macro-economic team: Niti VC

Kumar's remarks on better coordination between the RBI and the finance ministry come in the backdrop of public criticism mounted by both the institutions against the other after PNB scam

Modi reviews state of economy with Sitharaman, Finance Ministry officials

The meeting, sources said, was to assess the nature of the slowdown and its long-term impact

Finance, commerce ministries lock horns over fiscal support for exporters

The commerce department last month pitched for the additional 2 per cent MEIS, introduced in 2017 for a few months, as a transitionary measure

FM meets realtors, homebuyers; govt says will address issues ailing sector

The finance minister on Sunday held two separate meetings -- the first with the two apex realtors' industry bodies CREDAI and NAREDCO, and the second with homebuyer associations

As crisis deepens, auto industry seeks stimulus package from govt

Auto industry leaders on Wednesday asked the government for a stimulus package, including GST reduction on vehicles, for the sector which has been hit by an unprecedented slump in sales. In a meeting with Finance Minister Nirmala Sitharaman, industry leaders, including Maruti Suzuki Chairman R C Bhargava, M&M President - Automotive Sector Rajan Wadhera, who is also president of SIAM, along with representatives from components sector body ACMA and dealers body FADA drew attention to the challenges, including job losses, faced by the industry. "Yes, we have asked for certain enablers for the auto industry and they have thought on it. I am very hopeful that there will be a stimulus package (for the auto industry) coming soon," Society of Indian Automobile Manufacturers (SIAM) President Rajan Wadhera told PTI. The government wanted to understand from the industry about reasons for the slump in demand and possible solutions to the issue, he said, adding that the heavy industries ...

Finance Ministry to issue norms for NBFC asset buy scheme this week

The government has received a proposal from the Reserve Bank of India (RBI) on the draft modalities of the credit guarantee scheme, which would be operationalised by the RBI

Rajiv Kumar, finance ministry insider expected to push for reforms

Armed with degrees in zoology and law, plus a post-graduate diploma in public policy, he has been joint secretary in the expenditure department looking after state finances

Divestment: Questions still remain on privatisation and asset monetisation

While DIPAM can still meet or come close to the divestment target of Rs 1.05 trillion, it may not be on the back of strategic sales or asset monetisation

Don't tread on Sebi

The market regulator needs financial autonomy

Finance minister rejects demands for rollback of import duty on newsprint

Earlier this month, the Indian Newspaper Society (INS) asked the government to withdraw the 10 per cent customs duty imposed on newsprint

FinMin's gag order on media may hurt press freedom ranking: Editors Guild

The Editors Guild condemned ministry's "arbitrary decision" to deny even government-accredited journalists' access to its offices in North Block, without prior appointment

No question of rolling back surcharge on FPI trusts, says Finance Ministry

According to reports, about 2,000 FPIs operate as trusts

Media not banned, entry being restricted: Finance Ministry clarifies

Security personnels manning the gates of the Finance Ministry are not allowing the entry of journalists, without appointment, even the Press Information Bureau-accredited ones

Gosh! So many Tamil FMs: History repeats itself, again

Like Nirmala Sitharaman, India's first finance minister, R K Shanmukham Chetty, was from Tamil Nadu. And so were T T Krishnamachari, C Subramaniam, R Venkataraman and P Chidambaram

Finance Ministry cuts small savings interest rates for July-Sept quarter

The stated objective of this move is to reduce cost of capital and enable higher lending and thus boost economic activity

Finance Ministry cuts small savings interest rates for July-Sept quarter

The stated objective of this move is to reduce cost of capital and enable higher lending and thus boost economic activity

Modi 2.0: Finance Ministry may have bigger say in disinvestment

Failure to sell Air India, IDBI may have prompted a change in strategy

Facing another slowdown

Finance ministry has at last admitted the economy is slowing - so what will govt do?