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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.

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

Congress leader P Chidambaram on Friday criticised the Election Commission saying that by not announcing the Gujarat poll schedule, it has authorised Prime Minister Narendra Modi to declare the dates at his last rally, after all freebies for the state were doled out. (Photo: PTI)

Chidambaram slams Centre for reportedly referring to never-used clause...

Govt has invoked Section 7 of the RBI Act and issued unprecedented 'directions' to the RBI.

31 Oct 2018 1:01 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

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

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

Rupee on Monday made a strong comeback from its life-time low of 70.15 against the dollar and ended with a stellar 33 paise gain at 69.82 on heavy dollar unwinding and a robust rally in domestic equities. (Representational image)

Govt hikes GPF interest rate to 8 per cent for Oct-Dec quarter

Interest rate would apply on Provident Funds of central govt employees, railways and defence forces.

16 Oct 2018 4:02 PM IST

RBI has been taking steps to improve the overall cash situation.

Govt moves NCLT for management change at IL&FS

IL&FS, where LIC is the largest shareholder with 25.34 per cent stake, has a debt burden of over Rs 90,000 crore.

1 Oct 2018 12:43 PM IST

RBI governor Urjit Patel. (Photo: PTI)

Government to run power play at next RBI board meeting: report

PM Modi is keen to stimulate the economy and is looking for the RBI to allow easier lending policies.

28 Nov 2018 3:46 PM IST

With 12 seats in first class, 26 in business and 385 in economy class, the Jumbo plane will operate one flight per day each to Kolkata and Mumbai from New Delhi between October 16 and October 21, Air India said in a statement. (Photo: File | AFP)

Govt clears strategic sale of Air India's arm AIATSL

AIATSL provides ground handling services such as baggage movement, cargo and security at various airports.

28 Nov 2018 12:28 PM IST

Banning of letters of undertaking (LoUs) and letters of comfort (LoCs) by the RBI as trade finance instruments is likely to reduce financial flexibility of importers, a Fitch group company said on Wednesday.

RBI can transfer Rs 1 trillion of excess reserves to govt: report

The government for the second year in a row has pegged fiscal deficit at 3.3 per cent of GDP this fiscal year.

26 Nov 2018 4:12 PM IST

ATF accounts for a substantial chunk of the operational expenses incurred by airlines.(Representational Image)

Govt to review airlines' decision to charge for all seats during web...

The airline is charging for every seat selection made through the web.

26 Nov 2018 1:00 PM IST

Increase in gold imports pushed the countrys trade deficit to USD 94.32 billion in April-September 2018-19.

Banks to get green signal for gold business

Allowing bullion banking will be a main step towards developing gold infrastructure in India and establishing gold as an...

26 Nov 2018 10:33 AM IST