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The finance ministry said that the bill is far more depositor-friendly than in many other countries which provide for statutory bail-in without consent of creditors and depositors.

Fin Min ties up with e-commerce firms to give loans under PMMY

The three way partnership between lenders, industry and the government aims to facilitate small business loans.

23 May 2018 7:56 PM IST

Industry chambers CII and Assocham on Sunday asked the government that the PNB fraud should not hinder bank loans to businesses which were showing signs of revival after being hit by demonetisation and GST.

Over 55,000 loans provided under Stand-Up India Scheme

Banks extendSUPI loan to commercially viable proposals as per bank's board approved policy in this regard.

14 March 2018 12:00 PM IST

Fitch, however, expects GDP growth to pick up in the next two years on back of gradual implementation of the structural reform agenda and higher real disposable income. (Photo: File)

Finance Ministry pitches for ratings upgrade with Fitch

Govt will follow fiscal consolidation roadmap and will lower the fiscal deficit to 3 per cent of GDP by 2020-21.

7 March 2018 4:00 PM IST

Given the higher NPAs and weak capitalisation of PSBs, ICRA had earlier projected private sector banks market share in the banking sector advances to increase to 38 per cent 40 per cent by 2020 from 27.5 per cent as on March 31, 2017. (Representational image)

State banks recover USD 8.69 billion of bad loans in April-September

Banks have raised 244.4 billion rupees from the market this fiscal year.

20 Dec 2018 5:45 PM IST

The Cabinet on Wednesday approved the National Policy on Biofuels which allows doping of ethanol produced from damaged foodgrains, rotten potatoes, corn and sugar beet with petrol to cut oil imports by Rs 4,000 crore this year alone.

Steps to deal with rising petrol, diesel prices likely this week

The prices in Delhi are the cheapest among all metros and most state capitals.

22 May 2018 4:26 PM IST

The finance ministry said that the bill is far more depositor-friendly than in many other countries which provide for statutory bail-in without consent of creditors and depositors.

FinMin rules out raising equity investment limit for pension funds

Government employees contribute about 87 per cent of the Rs 2.3 lakh crore ($35 billion) managed by the NPS.

22 May 2018 8:27 AM IST

Subhash Chandra Garg

India's bond borrowing plan to stay on course: Garg

Government will continue its bond market borrowing plan during April-September without any interruption.

19 May 2018 5:06 PM IST

India has the potential to innovate on the lines of Silicon Valley but it needs to do more for expanding the innovation ecosystem as it aspires to become a middle income country, World Bank India head Junaid Kamal Ahmad said today.

India, World Bank sign USD 500 mn loan pact for rural roads

It has built and improved about 35,000 km of rural roads and benefited about eight million people with access to...

31 May 2018 6:39 PM IST

Taxpayers who could not submit transitional credit form Tran-1 on the GSTN portal due to technical glitches now has time till April 30 to complete the process, the finance ministry said on Wednesday.

Exporters' GST refund: Fin Min says only Rs 14,000 crore pending

Solutions are being put in place to fast-track clearances.

30 May 2018 6:19 PM IST

Finance Ministry

Fin Min to set up strategic investment fund under NIIF

The NIIF has mandate to solicit equity participation from strategic anchor partners.

27 May 2018 4:08 PM IST

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

Important for Indian govt to heed RBI's message on financial...

Central bank does have to be intimately concerned with financial stability to some degree and with the payment system.

10 Dec 2018 2:24 PM IST

The Income Tax Department has detected undisclosed income of over Rs 10,000 crore in fiscal 2017-18, thus recording a 20 per cent surge over the previous fiscal.

Direct tax collections surge 15.7 pc to Rs 6.75 lakh cr in Apr-Nov

Refunds worth Rs 1.23 lakh crore have been issued in the eight months of the current fiscal.

10 Dec 2018 12:52 PM IST