Arvind Mayaram

The CBI carried out searches at the residences of Arvind Mayaram in Delhi and Jaipur. The agency has registered the FIR under IPC sections related to criminal conspiracy and cheating, and provisions of the Prevention of Corruption Act.

Bill to withdraw retro taxes delayed but welcome move, says Former Finance Secretary Arvind Mayaram

The Bill seeks to withdraw the tax liability on gains arising from indirect transfer of Indian assets prior to May 28, 2012.

How India lobbied Moody's for ratings upgrade, but failed

India criticised Moody's ratings methods and pushed aggressively for an upgrade, documents reviewed by Reuters show, but the U.S.-based agency declined to budge citing concerns over the country's debt levels and fragile banks.

Govt asks PSU banks to step up lending to minorities

The issue of minority lending had also came up for discussions in the meeting chaired by Finance Minister Arun Jaitley with heads of public sector banks yesterday.

Hasmukh Adhia replaces Sandhu as new Financial Svcs secy

In a recent shake-up former Finance Secretary Arvind Mayaram was transferred out from the finance ministry on October 15

Market to see a well-sustained bull run: Experts

Veterans Ramesh Damani, Member of BSE, Samir Arora, Founder & Fund Manager of Helios Capital, and Manish Chokhani, Chairman, TPG Growth India, discuss their expectations from Samvat 2071

Mayaram would be of great help to Tourism ministry: Naik

59-year-old Mayaram was the senior-most among the four secretaries in the Ministry of Finance with dual roles as Finance and Economic Affairs secretary, and was appointed by the previous UPA government.

Modi replaces finance secy Mayaram in first major shakeup

Arvind Mayaram's transfer was part of the first major shuffle of top civil servants since Modi took office in May. In all, 20 bureaucrats were moved, many at the level of secretary, the most senior rank in India's civil service.

India plans to raise near Rs 5000 cr through ETF by March

The sales could be made through an exchange traded fund that could be launched before the end of March, the official told Reuters, requesting anonymity as he is not authorised to speak to the media.

Will meet FY15 fiscal deficit target: Finmin to Moody's

Finance secretary Arvind Mayaram said Moody's has noted the uptick in growth. There is an expectation that FY15 growth could be 5.7-5.9%. Due to which, post October, revenue buoyancy is expected to kick in.

See FY15 GDP at 5.6%; FY16 at 6%, below consensus: Ambit

Ambit is basing the FY16 downward estimate on poor health of the banking system, which may result in slow credit growth in FY16 and restrain investment growth. This is likely to have a direct bearing on a substantial part of the services sector.

Why Modi's 100-days in power are worth celebrating

The present government's effort to expedite major reforms and their successful implementation could push India's gross domestic product (GDP) to over USD 4.5 trillion by FY20, a Dun & Bradstreet report last week said.

Hiking FII limit: HDFC Bank sends fresh plea to govt

The bank in its petition has reiterated that parent HDFC‘s stake in the bank is not foreign.

No more subsidies; diesel prices to be mkt-driven: Mayaram

Arvind Mayaram also expressed confidence that the government's subsiidy burden is expected to fall drastically.

High-powered committee for banks to comply Basel III norms

Among others, the FSDC meeting also discussed implementing non-legislative recommendations of FSLRC and setting up a repository for investors with a single view of all financial asset classes.

Govt approves 8 FDI proposals worth Rs 1,024 crore

The government has approved eight foreign investment proposals, including plans by L&T Infrastructure Development Projects and Welspun Renewables Energy, totalling Rs 1,024 crore.

Hindustan Zinc falls 4%, divestment deferred till FY15

The government owns 29.5 percent in Hindustan Zinc and 49 percent in Balco while London-listed Vedanta Resources hold majority in both the companies.

FY15 GDP growth will be around 6%: Takru

FY15 GDP growth will be around 6%: Takru

Vedanta to bid for HZL shares if price lucrative: Agarwal

London-listed Vedanta at present holds 64.92 percent stake in Hindustan Zinc Ltd (HZL) and 51 percent stake in Bharat Aluminium Company (Balco).

Fitch satisfied with overall macroeconomic state: Mayaram

The RBI's Framework for Revitalising Distressed Assets in the Economy outlines a plan that will incentivise early identification of problem cases, timely restructuring of accounts considered viable, and prompt steps by banks for recovery or sale of unviable accounts.

FinMin officials meet Fitch team for rating review

Among other matters, sources said the Ministry expressed confidence that the current account deficit (CAD) will be brought down below USD 50 billion dollar or less than 2.5 per cent of the GDP in the current fiscal as curbs on gold imports are reaping results and rupee has been range-bound.

Rupee likely to be range bound, says Arvind Mayaram

According to Arvind Mayaram, rupee at 63 against the dollar is not a matter of concern. He believes if the Indian currency reaches 63 and then pulls back, then that is range bound, because these are normal market operations.

RBI quietly begins tryst with inflation targeting

In doing so, it cited a "glide path" towards lowering the consumer price index (CPI) below 8 percent by next January and 6 percent a year later -- targets that were laid out in sweeping proposals released last week to revamp the way monetary policy is conducted in India

How postmen, and their wives, may help set monetary policy

Last week, a committee formed by Reserve Bank of India (RBI) Governor Raghuram Rajan proposed making CPI the central bank's main inflation measure and using it to set an inflation target, part of sweeping proposals to revamp monetary policy in a country that has long struggled with high inflation.

DEA to pitch for FIIs in defence production sector

As per the current foreign direct investment (FDI) policy, up to 26 % FDI is allowed in defence production through the FIPB route, and above 26%, the cabinet committee on security will take a call on a case to case basis.