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Even though these six AIIMS are functioning only partially due to lack of doctors and faculties, 12 more AIIMS are already in the pipeline, excluding the two announced in the Budget.

Govt asks AIIMS to furnish info on user charges

The finance ministry has asked the AIIMS to conduct a review of its user charges which have not been revised since 1996,...

15 Oct 2017 9:02 PM

Sanjeev Sanyal, principal economic adviser at the Finance Ministry.

Govt adviser says consolidation may lead to 10-15 state banks

The government may cut its stakes in state-run banks to 52 per cent.

6 Oct 2017 5:37 AM

The finance ministry on Wednesday said it has taken note of the RBI decision to maintain status quo on interest rate. Photo: PTI

RBI repo rate status quo, lower growth forecast noted, says Finance...

The ministry, however, welcomed the initiative with regard to Peer to Peer (P2P) NBFC financing regulation.

4 Oct 2017 1:35 PM

Prime Minister Narendra Modi addressing at the Centenary Celebrations of Patna University, in Patna. (Photo: PTI)

Focus on all complaints related to GST, says Modi

Modi said that efforts should be made to introduce systematic changes to minimise people's grouses related to various...

29 Nov 2017 9:37 PM

Finance Minister Arun Jaitley (Photo: PTI)

FinMin working on recap bonds, expected to receive Jaitley's nod soon

The framework for bank recapitalisation once cleared will go to Parliament for necessary approvals.

29 Nov 2017 1:02 PM

The government expects a helping hand from the RBI in the form of interest rate cut in the next monetary policy review on Wednesday to boost the slowing economy. Photo: PTI

Govt wants RBI rate cut before March, say Finance Ministry sources

The Finance Ministry wants a rate cut in the Monetary Policy Committee's December meet or when it convenes in February.

28 Nov 2017 7:42 AM

Finance Minister Arun Jaitley (Photo: AP)

No proposal to withdraw cheque book facility: Finance Ministry

Post demonetisation, govt has been pushing digital transaction with an aim to move towards less cash society.

24 Nov 2017 6:11 AM

The report had created panic among some businesses on how large transactions will be done if there is no other alternative set up before banning cheque books. (Photo: Pixabay)

Govt has no plans to ban your cheque books now

A senior CAIT official had recently been reported as saying that the government was planning to ban cheque books.

24 Nov 2017 4:12 AM

The report had created panic among some businesses on how large transactions will be done if there is no other alternative set up before banning cheque books. (Photo: Pixabay)

Finance ministry rules out plans to phase out cheques

Many experts had termed the concept to ban bank cheques to encourage cashless transaction as a bad idea.

23 Nov 2017 7:39 PM

Finance Minister Arun Jaitley

No proposal to withdraw bank cheque book facility, clarifies Finance...

'It is denied that there is any proposal under consideration of the Govt to withdraw bank cheque book facility,' the...

23 Nov 2017 3:22 PM

Indian Finance Minister Arun Jaitley speaks at a event organized by US-India Strategic Partnership Forum and FICCI in Boston (Photo: PTI)

Cabinet approves India's membership for EBRD

EBRD's core operations pertain to private sector development in their countries of operation.

22 Nov 2017 11:38 AM

Under the companys plan, Answers will lower its debt by $471 million, according to documents filed in Manhattans US Bankruptcy Court.

Cabinet nods amendments to insolvency and bankruptcy code

The Finance Ministry had earlier asked banks to ensure that wilful defaulters were prevented from buying same stressed...

22 Nov 2017 11:27 AM