These global capital to risk norms, called Basel III capital regulation, are being implemented in phased manner by RBI since April 1, 2013. They are to be fully implemented as on March 31, 2019.
The plan was prepared by Ministry of New and Renewable Energy (MNRE) to battle the flood of Chinese imports. The imports have risen to Rs 21,400 crore in the fiscal year 2016-17, an increase of 38 percent year-on-year.
The meeting will be regarding the long-standing grievance of armed forces, regarding the supply of critical spares and equipment from Russia.
A government panel is looking at ways to fix accountability for transactions done through virtual currencies and whether a separate oversight body needs to be created.
Liquidation is not necessarily something that everybody is trying to push for, said Sanjeev Sanyal, Principal Economic Adviser, Finance Ministry.
The proposal is under the active consideration of the ministry so that the huge deficit, which infrastructure space has, can be bridged, a senior finance ministry official said.
These are Education Cess on Imported Goods, Secondary and Higher Education Cess on Imported Goods, Cess on Crude Petroleum Oil, Additional Duty of Excise on Motor Spirit and diesel oil (Road Cess), Special Additional Duty of Excise on Motor Spirit and NCCD on Tobacco and Tobacco Products and Crude Petroleum Oil.
During the meeting, it was conveyed to the officer, who is on his first central deputation, that the use of WiFi had been restricted on the premises for security reasons following instructions from the Ministry of Home Affairs, according to the minutes of the meeting.
India is one of the largest gold importers in the world, and the imports mainly take care of demand from the jewellery industry.
The finance ministry has initiated the process for finding new chief of the country's largest lender State Bank of India (SBI) as Arundhati Bhattacharya's extended term comes to an end on October 6.
IDBI Bank has initiated the process of scouting for a buyer to sell its mutual fund business, indicating further consolidation in the Rs 19-lakh crore mutual fund industry
The Finance Ministry in a statement said services by way of admission to entertainment events or cinematography films in cinema theatres will attract 28 per cent GST with effect from July 1.
Exports rose 7.5 percent in April from a year ago, below the median estimate of 7.8 percent annual growth, finance ministry data showed on Monday. It followed a 12.0 percent rise in March.
Various government organisations procure a wide variety of goods and services and undertake execution of works in keeping with their duties and responsibilities.
Other pension products floated by insurance companies and mutual funds are regulated by Insurance Regulatory and Development Authority of India (IRDAI) and Securities and Exchange Board of India (Sebi) respectively.
Paswan's comments follow a meeting with Maharashtra Chief Minister Devendra Fadnavis who sought hike in customs duty on tur dal saying farmers are struggling to get even the minimum support price (MSP) because of record output.
"The ministry officials have sought business plans for the next three years and also wanted detailed turnaround plans. Banks will also have to submit stressed asset resolution plans," a senior public sector banker told PTI.
The ratification of the 8.65 percent on EPF will enable the retirement fund body EPFO to credit this rate of return into the accounts of four crore subscribers.
According to the new policy, the Oversight Committee (OC) will have special powers to resolve NPAs.
"Time has come for banks to tap capital market and we think that at least half a dozen banks would take advantage of the opportunity and raise capital from the market during the current fiscal," a senior finance ministry official told PTI.
With reference to the Insurance Regulatory and Development Authority of India (Irdai) case (of April 2012) wherein recovery of Rs 22.58 crore service tax was delayed, the committee said officials concerned in the ministry as well as Irdai may be appropriately warned to be more careful in future.
The result, the 32nd straight month of current account surpluses, compares with economists' median forecast for a surplus of 2.62 trillion yen in a Reuters poll. This February's current account surplus was the largest on record for February.
In a communication to CEOs and MDs of the state-owned banks, the ministry advised them to initiate the steps for smooth conclusion of next wage revision of the employee within the time-frame.