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  • Govt eases listing norms for companies having over Rs 1 lakh crore market capitalisation Jun 21, 2021 10:01 PM IST

    Govt eases listing norms for companies having over Rs 1 lakh crore market capitalisation

    The Department of Economic Affairs under the finance ministry has amended the Securities Contracts (Regulation) Rules.

  • The economic impact of the second wave COVID-19 is likely to be restricted to the first quarter of 2022: DEA Jun 09, 2021 07:21 PM IST

    The economic impact of the second wave COVID-19 is likely to be restricted to the first quarter of 2022: DEA

    On the coronavirus pandemic, the DEA noted that the spread of COVID-19 has been rapid in rural areas.

  • Finance Ministry relaxes spending norms to boost capital expenditure Apr 23, 2021 10:10 PM IST

    Finance Ministry relaxes spending norms to boost capital expenditure

    To enable ministries/departments expedite capital expenditure, it said, the cash management guidelines issued by the Ministry of Finance under the OM of 2017 have been relaxed.

  • Cost of borrowing to be reasonable; yields expected at around FY21 level: DEA Secretary Feb 05, 2021 03:22 PM IST

    Cost of borrowing to be reasonable; yields expected at around FY21 level: DEA Secretary

    Economic Affairs Secretary Tarun Bajaj said that the government will ensure its record borrowing programme for 2021-22 doesn’t crowd out the private sector if credit demand picks up.

  • Economic Survey to include street vendors: Report Jun 06, 2019 07:02 PM IST

    Economic Survey to include street vendors: Report

    Excluded sectors include crop production, plantation, defence, public administration and compulsory social security services.

  • Subhash Garg takes charge as economic affairs secretary Jul 12, 2017 12:53 PM IST

    Subhash Garg takes charge as economic affairs secretary

    A 1983 batch IAS officer, from the Rajasthan cadre, Garg was World Bank executive director for Bangladesh, Bhutan, India and Sri Lanka prior to this appointment.

  • 84 DBT schemes have 33.52 cr beneficiaries, says govt Apr 05, 2017 05:45 PM IST

    84 DBT schemes have 33.52 cr beneficiaries, says govt

    There were over 33 crore beneficiaries of 84 schemes that have been onboarded under the direct benefit transfer (DBT) programme at the end of February 2017, the government said today.

  • RBI Guv to brief parliamentary panel on demonetisation on Jan 18 Jan 18, 2017 08:56 AM IST

    RBI Guv to brief parliamentary panel on demonetisation on Jan 18

    RBI Governor Urjit Patel will brief here tomorrow a parliamentary panel about demonetisation and its impact on the economy and the steps taken by the central bank to deal with the cash crunch.

  • Govt against raising FDI cap in newspapers, periodicals Jul 20, 2016 01:50 PM IST

    Govt against raising FDI cap in newspapers, periodicals

    Currently, the FDI policy permits 26 percent foreign direct investment in publishing of newspapers and periodicals dealing with news and current affairs via approval route.

  • Long-term capital gains tax: FinMin divided on time-frame issue Feb 22, 2016 10:04 PM IST

    Long-term capital gains tax: FinMin divided on time-frame issue

    The Revenue Department is in favour of changing the time frame from 1 year to 3 years but Department of Economic Affairs is against it.

  • World Bank to loan $250 mn for Jhelum, Tawi Flood Recovery plan Jan 22, 2016 08:58 AM IST

    World Bank to loan $250 mn for Jhelum, Tawi Flood Recovery plan

    "The (central) government and the World Bank today signed a USD 250 million credit agreement under the Jhelum and Tawi Flood Recovery Project for reconstruction and recovery support in flood-affected areas in which public infrastructure and livelihoods were impacted severely," World Bank said in a statement.

  • Japan to give loan of Rs 5,479 cr to India for metro projs Nov 30, 2015 10:53 AM IST

    Japan to give loan of Rs 5,479 cr to India for metro projs

    The agreements were signed by the Joint Secretary in the Department of Economic Affairs S Selvakumar and Yutaka Kikuta, Deputy Chief of Mission of Japan to India, here on last Friday.

  • FinMin not 'impressed' by applicants for SEBI chief post Oct 14, 2015 10:54 AM IST

    FinMin not 'impressed' by applicants for SEBI chief post

    As per sources, the Selection Committee might invite ‘suitable‘ candidate with high stature for the post. The Committee might look outside the criteria of an IAS to find the appropriate person.

  • No govt proposal as yet to allow 100% FDI in pvt banks Sep 18, 2015 09:59 PM IST

    No govt proposal as yet to allow 100% FDI in pvt banks

    The basic bone of contention here is the 49 percent Foreign Portfolio Investors (FPI) cap which a lot of banks want to be relaxed and if not that then at least the overall FDI composite cap of 74 percent should be raised to 100 percent

  • Rajiv Mehrishi appointed Home Secretary Aug 31, 2015 04:14 PM IST

    Rajiv Mehrishi appointed Home Secretary

    The Prime Minister has approved the appointment of Mehrishi, a 1978-batch Rajasthan cadre IAS officer, for a period of two years with effect from Monday, an official release said.

  • India seeks better ranking on World Bank's ease of biz list Jun 09, 2015 08:57 PM IST

    India seeks better ranking on World Bank's ease of biz list

    A two member mission of the World Bank Group is on a two day-visit to India to collect data and information for Doing Business Report, 2016. The members are Nadine Abi-Chakra and Baria Nabil Daye.

  • Govt forms 10-member panel to revisit PPP infra model May 27, 2015 10:24 AM IST

    Govt forms 10-member panel to revisit PPP infra model

    Among the members of the committee are C S Rajan, Chief Secretary, Rajasthan Government; S B Nayar, CMD, IIFCL; Shekhar Shah, Director General, NCAER; Pradeep Kumar, MD, CBG, SBI; Vikram Limaye, MD, IDFC; P S Behuria, former IRS and Sudipto Sarkar, Barrister-at-law, Kolkata.

  • FIPB can recommend FDI proposals up to Rs 3,000 cr May 07, 2015 08:02 AM IST

    FIPB can recommend FDI proposals up to Rs 3,000 cr

    The Foreign Investment Promotion Board (FIPB) recommended proposals are cleared by the Finance Minister and any investment beyond the new ceiling of Rs 3,000 crore will go to Cabinet Committee on Economic Affairs (CCEA) headed by the Prime Minister.

  • FIPB to take up 48 foreign investment proposals on Oct 21 Oct 12, 2014 01:14 PM IST

    FIPB to take up 48 foreign investment proposals on Oct 21

    With the government on a fast-track to lure foreign investments, FIPB will consider as many as 48 FDI proposals, including that of the HDFC Bank and about a dozen from the pharma sector, at its meeting on October 21.

  • FinMin allows EPFO to become stock exchange member Feb 28, 2014 09:03 PM IST

    FinMin allows EPFO to become stock exchange member

    The Department of Economic Affairs has issued a notification under the Securities Contracts (Regulation) Rules Act 1957, permitting the Employees' Provident Fund Organisation (EPFO) to become a member of a recognised stock exchange, according to a release.

  • ADB signs $300 mn loan agreement with India Feb 26, 2014 10:16 PM IST

    ADB signs $300 mn loan agreement with India

    "The project has been approved with an objective to improve more than 900 kilometers of state roads, in line with the Chhattisgarh Road Master Plan, involving upgradation of roads sections and strengthening culverts and bridges," a statement from the Finance Ministry said.

  • FinMin examining DIPP's pitch for curbs on royalty payments Jan 13, 2014 04:54 PM IST

    FinMin examining DIPP's pitch for curbs on royalty payments

    Worried over excessive outflow of foreign exchange as royalty and fees for technology transfer and use of brand names, Commerce and Industry Minister Anand Sharma wrote to Finance Minister P Chidambram on the matter.

  • RBI Guv met Chidambaram, discussed economic situation Dec 26, 2013 07:58 PM IST

    RBI Guv met Chidambaram, discussed economic situation

    Rajan had surprised the markets by leaving all key policy rates unchanged at the mid-quarter policy review on December 18, notwithstanding persistent high inflationary pressure.

  • Indian, IFC officials welcome rupee denominated bond Oct 10, 2013 06:11 PM IST

    Indian, IFC officials welcome rupee denominated bond

    The USD 1 billion offshore rupee bond program is largest of its kind in offshore rupee market. Under the program IFC will issue rupee-linked bonds and use the proceeds to finance private sector investment in the country.

  • Use of ECB okay for multiple rounds of disinvestment: RBI Sep 30, 2013 10:02 PM IST

    Use of ECB okay for multiple rounds of disinvestment: RBI

    In 2005, ECB proceeds were allowed to be used in the first stage acquisition of shares in the disinvestment process and in the mandatory second stage offer to the public under the government's disinvestment programme of PSU shares.

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