Finance Ministry | The Asian Age

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Chidambaram attacks govt over rocky ties with RBI, says RBI worked closely under UPA

Chidambaram accused the government of "meddling" with the methodology of calculating the GDP numbers.

21 Nov 2018 3:58 PM

Almost all 21 PSBs, particularly the 11 banks currently under the Reserve Bank’s prompt corrective action (PCA) framework

Final round of capital infusion in Dec to help banks lend more

Banks, which have been part of recent mergers, will also receive capital from the govt

21 Nov 2018 11:24 AM

Currently, the capital base of the RBI is Rs 9.69 lakh crore.

Expert committee to examine ECF of RBI soon, say sources

The membership and terms of reference of the panel will be jointly determined by the govt and the RBI.

20 Nov 2018 3:46 PM

RBI currently has reserve of 27-28 per cent, which may have further gone up due to the recent depreciation in the value of rupee.

Praising notes ban, RBI's Gurumurthy says economy would have collapsed

RBI's board meeting is scheduled to take place on Monday where the issues raised by the govt, including easing of PCA norms.

16 Nov 2018 10:47 AM

RBI Governor Urjit Patel’s threat to quit is thought to be off the table for now.

RBI, govt to accommodate each other by November 19 meet

Steps to ease credit pressure likely, capital framework row to be put on slow burner.

15 Nov 2018 10:23 AM

RBI governor unlikely to resign, may tweak PCA norms

The government has so far agreed almost all issues relating RBI-government tussle.

14 Nov 2018 10:12 AM

As per the RBI website, its central board currently has 18 members, though the provision is that it can go up to 21.

RBI vs govt: The 18 wise men tasked with supervision of the Mint Street

RBI board is scheduled to meet next on November 19 amid an ongoing tussle with the government on multiple fronts.

12 Nov 2018 10:56 AM

As much as Rs 3,096 crore worth of IGST refund claims are held up on account of various deficiencies.

Rs 82,775 cr GST refunds to exporters done; Rs 5,400 cr is pending

The disposal rate of GST refunds is 93.8 per cent as on October 31.

10 Nov 2018 10:59 AM

RBI board needs to play like Dravid: Raghuram Rajan

Banks can kick-start lending and support growth, and transferring more dividend to boost liquidity.

07 Nov 2018 11:09 AM

Former RBI governor Raghuram Rajan. (Photo: PTI)

Raghuram Rajan says RBI is a seat belt for govt; autonomy must be respected

Central bank has the liberty to say no if the government pushes it to be lenient, says Rajan.

06 Nov 2018 5:30 PM

CPSE ETF was set up in 2014 and the government has so far sold stake in the 10 companies in the basket in three tranches.

FinMin eyes Rs 8,000 cr through CPSE ETF, issue likely by Nov-end

In the earlier three tranches of the ETF, the government had raised Rs 11,500 crore.

05 Nov 2018 1:51 PM

Prime Minister Narendra Modi. (Photo: Twitter | ANI)

Why PM Modi wants to increase control over the RBI

Govt has made repeated calls for RBI to hand over more money from the RBI’s reserves to help fund its fiscal deficit.

02 Nov 2018 10:42 AM

The DEA has estimated that about Rs 2 lakh crore of NBFC/HFC debt would be due for redemption or rollover by the end of December 2018.

Financial situation fragile, feels Finance Ministry

Govt fears default by NBFCs and HFCs if liquidity crunch is not eased immediately.

02 Nov 2018 10:31 AM

The finance ministry statement said both the government and the central bank, in their functioning, have to be guided by the public interest and the requirements of the Indian economy.

Finance Ministry ‘softens’ line as row with RBI escalates

“If indeed the government has issued directives to the RBI, then its governor should resign forthwith,” said former finance minister Yashwant Sinha.

01 Nov 2018 1:01 AM

At the BSE, 1,613 stocks advanced, while 941 declined and 144 remained unchanged.

Investor wealth surges Rs 1.92 lakh crore as stocks make sharp recovery

Market capitalisation (m-cap) of BSE-listed companies surged Rs 1,92,961.33 crore to Rs 1,38,45,109.37 crore.

31 Oct 2018 5:58 PM

Both the government and RBI, in their functioning, have to be guided by public interest and the requirement of the Indian economy.

Autonomy of RBI essential, nurtured by govt: Finance Ministry

The government of India has never made public the subject matter of those consultations.

31 Oct 2018 1:33 PM

Section 7 of the RBI Act empowers the government to issue directions to the central bank, after consultation with RBI Governor.

Govt cites never-used powers for resolving issues with RBI

Government wants RBI to carve out exemption for power companies under the PCA framework.

31 Oct 2018 12:29 PM

The DoT has also submitted the law ministry's approval for the allocation in view of the Supreme Court.

Finance Ministry studying DoT plea for 4G spectrum to BSNL, MTNL

The government has to support the PSU telcos to enable them to withstand competition.

29 Oct 2018 11:15 AM

Eleven state-owned len¬d¬e¬rs are under the PCA fra¬m¬e¬work that places restricti¬o¬ns on banks with weak financial and operational metrics.

Govt coerces RBI to ease PCA norms

Economic policy decisions can’t be too stringent to adjust in times of crisis, said a finance ministry official

25 Oct 2018 10:55 AM

The central government has notified Sessions courts in 34 states and Union Territories, which will act as special courts for trial of offences under the benami transaction law.

Centre notifies special courts for benami transaction cases

In case of National Capital Territory of Delhi, Courts of Additional Sessions Judge 02 have been designated as special court.

21 Oct 2018 1:04 PM

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Shobhaa De