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Anand Adhikari
New Delhi, August 16, 2018
BJP was seen as a party which opposed liberalisation or reforms. However, in his tenure as the prime minister, Atal Bihari Vajpayee emerged as more of a reformist.


BusinessToday.In
New Delhi, August 16, 2018
Payout by RBI has shot up 63% year-on-year, but the finance ministry is not happy. The government believes that the payout ought to be higher so it has reportedly asked the apex bank to review its dividend and capital conservation rules.


BusinessToday.In
August 13, 2018
The government has also given permission to the CBI to prosecute Usha Ananthasubramanian.


BusinessToday.In
New Delhi, August 10, 2018
Civil aviation secretary RN Choubey said they are working on a turnaround plan to make Air India competitive and are holding consultations with the finance ministry.


BusinessToday.In
New Delhi, August 9, 2018
In addition to Rs 11,000 crore bailout package, the govt may give the board of directors additional powers to take decisions on operational issues.


BusinessToday.In
New Delhi, August 9, 2018
Singhal has been sent to judicial custody till August 14. The SFIO has found that former promoters of BSL used multitude of complex, fraudulent manoeuvres to siphon off funds amounting to thousands of crores raised by then management of BSL.


Manu Kaushik
New Delhi, August 8, 2018
The transition from 4G to 5G will be a software transition so it can be done much faster, says Telecom Secretary Aruna Sundararajan.


BusinessToday.In
August 8, 2018
A committee headed by financial services secretary Rajiv Kumar has recommended stopping wilful defaulters with loans exceeding Rs 50 crore from travelling overseas without prior approval.


BusinessToday.In
New Delhi, August 8, 2018
PNB posts Rs 940 crore Q1 loss amid decline in NPAsScam-hit Punjab National Bank (PNB) reported a loss of Rs 940 crore for the June quarter of financial year 2018-19. The public sector lender had posted a net profit of Rs 343.40 crore in the same quarter of last fiscal. This is the second consecutive quarterly loss for the second biggest state-run lender. The scam-hit bank had recorded biggest ever quarterly loss of Rs 13,417 crore for the January-March period on the back of Nir...


PTI
New Delhi, August 7, 2018
The airline is staying afloat on a bailout package extended by the previous UPA regime in 2012. The national carrier's debt burden was more than Rs 48,000 crore at the end of March 2017.


BusinessToday.In
New Delhi, August 7, 2018
According to the committee, the RBI should have engaged more in consultations with stakeholders on the matter before resorting to discontinuation of LoU/LoCs [letters of comfort].


PTI
August 7, 2018
Union Minister Arun Jaitley, who had undergone a kidney transplant surgery on May 14, is likely to resume office of Finance Minister in the third week of August, sources said.


Anand Adhikari
New Delhi, August 6, 2018
India's macroeconomic parameters are sliding at a time when the world is staring at a full-blown trade and currency war.


Anilesh S. Mahajan
New Delhi, August 6, 2018
Imran Khan's priority will be to get the economy back on track.


Reuters
August 6, 2018
A decision by the RBI in April that all payments data should, within six months, be stored only in the country for \"unfettered supervisory access\" has led to furious lobbying by global firms that worry it would cost them millions of dollars.


Joe C Mathew
August 1, 2018
Finance Ministry has said that the powers of RBI are wide-ranging and comprehensive to deal with various situations that may emerge in all banks, irrespective of ownership i.e. the public sector and the private sector owned banks.


BusinessToday.In
New Delhi, August 1, 2018
GST revenue collections for the month July reached Rs 96,483 crore, which remains broadly on expected lines, according to a statement by the Ministry of Finance.


Reuters
July 31, 2018
The RBI in April had said that payments firms such as Mastercard and Visa should within six months store data only in the country for \"unfettered supervisory access\". But US firms protested and the Finance Ministry has recommended relaxing the directive.


BusinessToday.In
July 30, 2018
If things go to plan, the options available to EPFO members will similarly include government securities, debt instruments, equity investments, money markets and infrastructure investment trusts.


PTI
July 30, 2018
The ministry has selected 3 merchant bankers-Elara Capital, Karvy Investor Services Ltd and Equirus Capital-for managing the initial public offering (IPO) and subsequent listing of NEEPCO. It will initiate the process of drafting of draft prospectus of the issue next month and subsequently file with Sebi in the September-December quarter, the official said.


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