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Department of Economic affairs News
Department of Economic affairs
Govt to borrow Rs 4.88 lakh cr in first half of FY21: DEA Secretary Atanu Chakraborty
Tue, Mar 31, 2020
Government will borrow Rs 4.88 lakh crore in the first half of fiscal 2020-21 starting April 1 to shore up resources amid a war it is wagging to contain economic fallout of coronavirus pandemic, DEA Secretary Atanu Chakraborty said on Tuesday
Borrowings calender for FY20 to be out today: Here is what you should expect
Fri, Mar 29, 2019
The approval from Election Commission has come, and the Department of Economic Affairs (DEA) secretary will lay out the ways and means of fund raising from the market later in the day.
Downward revision of current fiscal growth does not indicate economic slowdown: Garg
Fri, Mar 01, 2019
"GDP estimates for 2018-19 released today needs to be viewed in correct perspective. Downward revision to 7 per cent from 7.2 per cent in 1st Adv Est is against revision of GDP of 2017-18 from 6.7 per cent to 7.2 per cent.'' said Economic Affairs Secretary Subhash Chandra Garg.
FinMin giving final touches to recap bonds, FM nod likely soon
Wed, Nov 29, 2017
The Department of Financial Services, in consultation with the Reserve Bank of India, has submitted proposals to the Department of Economic Affairs, which is working on the final structure, a government official said, adding that the final structure will be known in the next few days after approval from the finance minister.
Finance Ministry appoints Sanjeev Sanyal as Principal Economic Adviser
Fri, Feb 03, 2017
In 2007, Sanyal was awarded the Eisenhower Fellowship for his work on urban issues and was also honoured by the Singapore government at the World Cities Summit 2014.
Demonetisation: Govt reduces withdrawal limit, eases rules for farmers
Thu, Nov 17, 2016
Department of Economic Affairs (DEA)'s Secretary, Shaktikanta Das on Thursday announced new rules pertaining to the demonetisation move by the government. The rules include the following: 1. Exchange of old currencies have been reduced to Rs 2000 from Rs 4500 from November 18.
Indian bond market at critical stage: Shaktikanta Das
Tue, Sep 27, 2016
Shaktikanta Das, Joint Secretary of Department of Economic Affairs said,"Indian bond is in critical stage and more need to be done for making more vibrant. Global economic situation is volatile. "
India's external debt rises by 2.2% to $ 485.6 billion
Mon, Sep 19, 2016
“India’s external debt has remained within manageable limits in 2015-16 as indicated by the increase in foreign exchange reserves to debt ratio to 74.2%, the external debt-GDP ratio of 23.7%, and fall in short term debt to 17.2%, said Department of Economics.
DEA raises questions over e-commerce guidelines
Tue, Sep 13, 2016
The Department of Economic Affairs has raised questions over implementation of e-commerce guidelines, arguing that it may not be possible to stop online firms from influencing product prices.
Global Innovation Index: India moves up to 66th rank this year
Tue, Aug 16, 2016
Global Innovation Index (GII), a ranking co-published by Cornell University, INSEAD and World Intellectual Property Organization (WIPO), an agency of the United Nations) saw India's ranking jump to 66 this year from 81 in 2015.