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Banks will have to make changes in the existing infrastructure which would be a huge challenge for the banks.(Representational Image)

Finance Ministry writes to heads of PSU banks on consolidation

The government has exempted mergers of nationalised banks from seeking fair trade watchdog CCI's approval.

3 Sept 2017 1:38 PM IST

As the downward spiral of the rupee continues, its effect will be felt in the government not being able to hold the fiscal deficit, inflation in oil and other imports, the fall of investments made in the stock market and the increased cost to companies in repaying foreign loans.

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

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 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.

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 IST

The Monetary Policy Committee (MPC), headed by RBI Governor Urjit Patel, started its 2-day meeting on Wednesday.

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 IST

Meanwhile, DoT said it will take a call on next round of auction of 5G spectrum.

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 IST

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

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 IST

Benami Transactions (Prohibition) 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...

21 Oct 2018 1:04 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.

Finance Ministry extends deadline for filing Sept GST returns to...

With this extension, businesses which wish to claim ITC benefit for July 2017-March 2018 period can do so till October...

21 Oct 2018 12:59 PM IST

Finance Ministry

Govt likely to appoint new CEA in next 1-2 months

Govt on June 30 invited applications for the appointment of CEA on deputation basis after Arvind Subramanian quit.

19 Oct 2018 12:48 PM 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.

Composition scheme biz need not file purchase details under GST

Over 18 lakh businesses opted for composition scheme under the new indirect tax regime.

18 Oct 2018 9:57 AM IST

The northward movement in petroleum and commodity prices would also add to export growth. The recent depreciation of indian rupee is also supporting exports though its impact varies from sector to sector and from company to company. Ganesh Gupta, President, FIEO

Govt hikes import duty on select 17 items to curb CAD

Falling rupee, market bloodbath force govt to take more measures.

12 Oct 2018 8:58 AM IST

IOCs current capacity stands at about 1.62 million bpd including 230,00 bpd controlled by its subsidiary Chennai Petroleum Corp.

Govt may not burden OMCs further with fuel subsidy

The market capitalisation of six large oil companies has falled by Rs 1.2 lakh crore.

12 Oct 2018 8:57 AM IST