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Finance Ministry

Feb 28, 2017 at 15:00 | Source: PTI
The states and the Centre have "converged on all areas of differences" over the Goods and Services Tax and the indirect tax reform will be implemented from July 1, unleashing the growth potential of the economy.
Feb 28, 2017 at 14:50 | Source: PTI
A Financing Agreement for International Development Association (IDA) credit of USD 63 million (equivalent) for the "Tejaswini: Socio-Economic Empowerment of Adolescent Girls and Young Women Project" was signed here last week between the bank and the government.
Feb 27, 2017 at 14:00 | Source: PTI
The Reserve Bank of India (RBI) was asked to give the copy of the letter sent to it by the ministry on the recommendation of its Inter Departmental Group (IDG) regarding Islamic banking.
Feb 24, 2017 at 10:28 | Source: PTI
Overall, the government sold 1.11 crore shares through the OFS route at a floor price of Rs 1,498. "The issue has been over-subscribed by 260 percent. The likely receipt to the Government of India from BEL OFS is Rs 1,670 crore," the finance ministry said.
Feb 23, 2017 at 19:14 | Source: PTI
The Finance Ministry today launched a mobile app for Goods and Services Tax so as to provide updates to taxpayers on the new tax regime which is to be rolled out from July 1.
Feb 23, 2017 at 16:28 | Source: Moneycontrol.com
Both RBI and the government had tried various ways to reduce bad loans in order to enthuse banks to lend more and the private sector to start investing, but with little success. In fact, the delay has caused more debtors joining the list of defaulters. Stressed assets recognised by banks have doubled from 2013 onward.
Feb 23, 2017 at 15:48 | Source: PTI
The post of MD at the country's oldest financial institution IFCI has been vacant since December 12 while vacancy for the head of IIFCL would arise in June.
Feb 23, 2017 at 10:17 | Source: Reuters
The Finance Ministry on Wednesday backed a call by the Reserve Bank of India to set up an institution similar to a "bad bank," saying urgency was needed to address troubled loans weighing on the banking sector that were hobbling investment and growth.
Feb 23, 2017 at 09:04 | Source: PTI
The second round of capital infusion is almost ready and in the next few days it should go to Finance Minister Arun Jaitley for approval, sources said.
Feb 22, 2017 at 16:31 | Source: Reuters
Chief Economic Adviser Arvind Subramanian, who has proposed setting up a public asset rehabilitation agency to fix the balance sheets of both struggling banks and indebted companies, said the government was in touch with the RBI on the matter.
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Wire News

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The response given by the Finance Ministry on an RBI report about the introduction of Sharia banking in India cannot be disclosed, the central bank has said.

2.06 PM Feb 27th

Bellatrix

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Other Market Topics  

(a) Doesn`t the Govt.have other more important & pressing issues on good governance of the country at large, other than directing their efforts into Campus politics ? (b) Is it the responsibility/accountability/obligation of the Finance Ministry to address such issues, other than the Home Ministry

12.48 PM Feb 27th

conciuus

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Karnataka Bank  

Banks like KTK would face problem.Even banks like Axis is being tipped for merger /take over .though management of Axis has denied this Finance Ministry is serious on such thngsfor its own reasons.So Market price of KTK is bound to rise much faster on this possibility.Till then KTK would distribute some

7.13 PM Feb 24th

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The Finance Ministry today launched a mobile app for Goods and Services Tax so as to provide updates to taxpayers on the new tax regime which is to be rolled out from July 1.

7.14 PM Feb 23rd

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The Finance Ministry has invited applications of eligible candidates for the post of Managing Directors at India Infrastructure Finance Company Ltd (IIFCL), and IFCI.

3.48 PM Feb 23rd

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Finance Ministry : Next Series Of Sovereign Gold Bonds To Be Issued On March 17

11.15 AM Feb 23rd

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The Finance Ministry today ruled out re-introduction of Rs 1,000 notes and said logistics issues of reloading ATMs more frequently are being addressed.

2.12 PM Feb 22nd

amateurinve
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just for you, let me write in simple english. 1. cnbc said earlier kotak is buying axis. axis denied in writing. 2. cnbc said kotak interested in buying 12% suuti stake. finance ministry today denied no plans to sell suuti stake.

11.00 PM Feb 21st

amateurinve
stor

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TRUTH BE TOLD: Today Finance Ministry denied any immediate plans to sell its 12% stake in axisbank held through suuti. ET report in this link. so, cnbc saying a list of applicants must be done with a view to lift banknfity becoz all the stocks cnbc mentioned are up barring indusindbank.

10.37 PM Feb 21st

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The Finance Ministry has not received any communication with regard to reported merger of Kotak Mahindra Bank and Axis Bank, a senior official said.

9.10 PM Feb 21st

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