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Finance Ministry News
35 CPSEs lined up for strategic sale, DIPAM streamlining processes for faster execution
Sun, Feb 03, 2019
NITI Aayog recently submitted to the DIPAM the fifth list of CPSEs, profitable as well as non-profitable, which can go in for a strategic sale. This takes the total number of CPSEs identified for strategic disinvestment to 35.
HDCIL, RailTel to TCIL, 10 PSU IPOs lined up next fiscal, plans afoot to meet Rs 90,000 crore disinvestment target
Sat, Feb 02, 2019
"We have about 10 IPOs which are lined up already. Then there are lot of companies which have to meet their minimum public shareholding target. We will also bring new theme based based ETFs.
Finance ministry says it will be 'interim' budget, rejects 'confusion'
Wed, Jan 30, 2019
Amid speculation over the shape of the Narendra Modi government’s last Budget before the Lok Sabha polls, the finance ministry on Wednesday clarified that it will be called ‘Interim Budget 2019-20’.
Finance ministry's meet with heads of PSU banks before Budget
Mon, Jan 28, 2019
Finance ministry's meet the CEOs of public sector banks to take a stock of the banking sector, and discuss ways to improve their financial health.
Air India to foray into holiday package segment, floats tender for proposals
Thu, Jan 24, 2019
The Air India holiday package cover flights for sure in addition with site-seeing options, hotels and road transportation.
Direct tax collections up by 14.1 per cent to Rs 8.74 lakh crore till December, says Finance Ministry
Mon, Jan 07, 2019
Showing an increase of 14.1 per cent over the same period last year, the gross direct tax collections till December stood at Rs 8.74 lakh crore, according to provisional figures released on Monday.
Do you own shares of these 7 PSBs? They may just have made you rich; shares surged up to 10%
Thu, Dec 27, 2018
Performance of these 7 PSBs can be attributed to a particular news. The buzz was that Union Finance Ministry is likely to go for capital infusion of about Rs 28,615 crore in these PSBs.
Monitoring of computers: Govt authorises 10 central agencies to intercept info; sets off political storm
Fri, Dec 21, 2018
The order that authorised 10 central intelligence, security and tax agencies to intercept, monitor and decrypt all the data contained in "any" computer system was issued Thursday night by the 'cyber and information security' division of the Ministry of Home Affairs(MHA) under the authority of Home Secretary Rajiv Gauba.
FinMin's Alternative Mechanism gives nod for BoB, Dena, Vijaya Bank merger
Fri, Dec 21, 2018
Public sector lender Bank of Baroda Friday said the 'Alternative Mechanism' of the finance ministry has accorded in-principle approval for its merger with Dena and Vijaya Bank.
Eastern states, rural areas, new cities to drive India's growth: Arun Jaitley
Fri, Dec 14, 2018
"Geographically, it`s the eastern parts of India which are agriculture rich , mineral rich but where growth rates have never been so high which need to be exploited to the fullest so that we can look at these areas as future engines of growth," he said at a conclave here.
Finance ministry hopes 3-4 banks to be out of Prompt Corrective Action this fiscal
Sun, Nov 25, 2018
The PCA framework kicks in when banks breach any of the three key regulatory trigger points -- namely capital to risk weighted assets ratio, net non-performing assets (NPA) and return on assets (RoA).
RBI vs Centre: Urjit Patel to ease up pn MSME credit, but refuses to budge on this point
Tue, Nov 20, 2018
With the RBI and the government stepping away from their extreme positions, the financial market is expected to react positively. Foreign investors, who have been closely following the power tussle between the government and the RBI, will also be happy with the meeting's conclusion. The next board meeting of the RBI will now be held in Delhi on December 14.
RBI vs Govt: Crucial RBI board meeting today to set the tone on sensitive issues
Mon, Nov 19, 2018
RBI, which had taken a stern stance, is likely to relax the PCA norms only on those banks that are showing signs of a turnaround through faster resolution of non-performing assets (NPAs) and shedding of non-core assets. The other option being weighed is a committee being jointly set up by the government and the RBI to access the merits of the corrective action undertaken by the ailing banks.
FinMin invites bids from MFs, AMCs for managing Debt ETF
Sat, Nov 17, 2018
The Debt ETF would help these state-run companies and banks help meet the capex and business needs by leveraging their aggregate strength.
NTPC, SJVN, NLC and NBCC included in CPSE ETF; Finance Ministry plans follow-on offer by November-end
Sun, Nov 11, 2018
"NTPC, SJVN, NLC and NBCC have been included in the CPSE ETF, while GAIL, EIL and Container Corporation removed from the basket. CPSE ETF now has scrips of 11 state-owned companies as against 10 earlier," an official told PTI.
No relief, Centre to keep pressing RBI to relax norms, funds
Wed, Nov 07, 2018
Keeping up the heat on the RBI, the government will continue to press the central bank to relax norms to boost lending and transfer at least a third of its Rs 9.6 lakh crore reserve, sources familiar with the discussions said.
Rs 3.6 lakh crore demand slapped on RBI as Centre wants one-third of reserves; the rift intensifies, but is it wise?
Tue, Nov 06, 2018
The Finance Ministry is now seeking a transfer of Rs 3.6 lakh crore from RBI, which is more than one-third of the central bank’s reserves.
Finance ministry eyes Rs 8,000 crore through CPSE ETF, issue likely by November-end
Tue, Nov 06, 2018
This would be the fourth tranche of the CPSE ETF, which comprises shares of 10 bluechip companies. In the earlier three tranches of the ETF, the government had raised Rs 11,500 crore.
Raghuram Rajan wants RBI to play like Rahul Dravid, not Navjot Singh Sidhu in rift with Centre
Tue, Nov 06, 2018
Raghuram Rajan spoke in an interview over key developments in RBI vs govt controversy, section 7, debate on NBFC liquity, PCA framework and he also shed some light on rupee volatility.
RBI vs Govt row! A case for PCA framework in India
Mon, Nov 05, 2018
The government's row with RBI is over the PCA framework where about 11 state-owned banks are, more or less, trapped.