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The Finance Ministry may come out with a Rs 10,000-crore follow-on fund offer of the Bharat-22 exchange traded fund (ETF) as it looks to dilute stake in Coal India to meet the minimum public holding norm.

Bharat-22 ETF follow-on offer could be worth Rs 10,000 crore

It looks to dilute stake in Coal India to meet the minimum public holding norm.

17 April 2018 1:10 PM IST

The survey said the problem has continued to fester as Non-Performing Assets (NPAs) of the banking system (especially public sector banks) keep increasing, while credit and investment keep falling.

NPA resolution may get 180 days more

Poor valuations, over-burdened NCLT may prod govt to relax time limit.

17 April 2018 8:41 AM IST

Reserve Bank of India (RBI) on Thursday directed all payment system operators in India to store data within the country.

NPA maze: Govt for scrapping of one-day default norm

Govt as well as banks feel one-day delay norm could harm businesses and lead to making loans below Rs 2,000 cr.

16 April 2018 8:53 AM IST

The voting for 25 Rajya Sabha seats was held across six states including Uttar Pradesh, West Bengal, Karnataka, Jharkhand, Chhattisgarh and Telangana. (Photo: ANI)

FM Arun Jaitley takes oath for fresh Rajya Sabha term

Jaitley contested the election with eight other BJP leaders from Uttar Pradesh, all of whom emerged victorious.

15 April 2018 12:29 PM IST

Penalty amount that can be imposed by ICAI on individual auditors should be increased to a maximum of Rs 1 crore.

Nirav Modi scam: ICAI panel yet to receive info from PNB

A high-level group constituted by the institute is studying specifically the systemic issues involved in the PNB fraud.

12 April 2018 7:50 PM IST

A parliamentary panel will grill finance ministry officials on April 17 amid rising NPAs, incidents of fraud and governance lapses in the banking sector.

Par Panel to quiz FinMin officials on April 17 on bank NPAs

A parliamentary panel will grill finance ministry officials on April 17 amid rising NPAs.

12 April 2018 7:26 PM IST

Higher opening in domestic stock market limited rupee losses. (Photo: PTI).

Govt mulls maiden overseas sovereign bond sale

The borrowing, however, would remain under the limit of the budgeted plan of Rs 6.06 lakh crore for the current fiscal.

12 April 2018 9:59 AM IST

The government last year relaxed FDI norms in over a dozen sectors

Plans of FDI hike in PSBs on hold now

Government considering raising the FDI limit to 49 per cent for some time now.

11 April 2018 9:01 AM IST

The government is considering converting GST Network- which is handling the IT infrastructure of the new indirect tax regime - into a state-owned company, an official source said.

Govt mulling converting GSTN to govt company

Currently, private financial institutions are the majority owners in GSTN with 51 per cent stake.

10 April 2018 5:22 PM IST

Chanda Kochhar, MD & CEO of ICICI Bank

It's for RBI to decide on Chanda Kochhar's term at ICICI Bank: FinMin

Ratings agency said allegations against ICICI Bank are coming against a backdrop of high NPAs in banking sector.

10 April 2018 10:28 AM IST

The finance ministry is considering writing to markets regulator Sebi seeking relaxation for certain state-owned firms from meeting the minimum 25 per cent public shareholding norm.

Finmin may write to Sebi for relaxing minimum public float norms for...

There are over a dozen public sector units (PSUs) which are yet to meet the minimum public holding norm.

9 April 2018 3:34 PM IST

The finance ministry on Friday said a 5 per cent GST will be levied on food and drinks supplied by the Indian Railways or IRCTC in trains, platforms or stations.

Railway catering services in trains, stations to attract 5 pc GST

The Finance Ministry has written to the Railway Board on March 31 about the 5 per cent rate.

6 April 2018 5:05 PM IST