Since Das was a bureaucrat, he is expected to act as a catalyst between the central bank and the government
Das served as the economic affairs secretary in the Finance Ministry from 2015 to 2017.
Subbarao said Patel was seemingly pushed beyond his level of comfort
The government has pegged fiscal deficit target -- a measure of how much the government borrows in a year to meet part of its spending needs -- at 3.3 percent of Gross Domestic Product (GDP) for the financial year 2018-19.
The government data released Friday shows India's economy grew at 7.1 percent in July-September, lowest in three quarters.
The decision to form a panel to review the ECF was taken in the RBI board meeting held on November 19
The governor had appeared in front of a panel to brief the demonetisation and NPA situation
In this Moneycontrol podcast, we will discuss another ATM related crisis looming on the horizon.
"One of the main challenges for export is finance. There is a decline in (export) finance, so we have taken up the issue with the finance ministry...I think, the finance minister is also looking into this (as in) how we can improve the credit flow into the export sector," the minister told reporters here.
According to the report, this will be the third consecutive year that the fiscal gap number will be at 3.5 percent
The authorities are of the opinion that free services provided by banks to customers are leading to a fall in the government's revenue
The names will be decided by the RBI governor and the Finance Ministry together in next 5 to 6 days
Last week, the RBI in its central board meeting decided the issue of banks under Prompt Corrective Action (PCA) will be examined by Board for Financial Supervision (BFS) of the central bank
Critics accuse the government of trying to undermine the central bank's authority, but Jaitley said his government respected the institution's independence
Under the new dispensation, the capital infusion by the government in public sector banks for meeting the capital buffer norms would come down to around Rs 15,000-20,000 crore, sources said.
The Budget for FY20 will be the last one presented by this government before the general elections in May and as per established practice, it must be a vote-on-account, not a full Budget
Addressing a press conference ahead of the November 28 Madhya Pradesh Assembly polls, the former Union finance minister underlined the need for coordination" between the two organisations.
Of this, the Directorate General of GST Intelligence (DGGI), which is enforcement agency for checking indirect tax evasion, has detected evasion of goods and services tax (GST) worth Rs 4,562 crore in 571 cases.
Sakshi Batra is in conversation with Gaurav Choudhury, Deputy Executive Editor, Moneycontro for his take on the outcome of the board meet and what it indicates about the autonomy of the RBI.
The power ministry is concerned about operational and administrative issues that may come up if the PFC-REC merger goes through
Out of RBI's total reserves, Rs 6,733 crore is capital and other reserves, Rs 2.5 lakh crore is the contingency fund and Rs 6.71 lakh crore is the currency and gold revaluation reserves
State-owned reinsurer General Insurance Corporation of India (GIC) was listed on the bourses in October last year, while New India Assurance Company Ltd made its stock market debut in November last year.
'Some resolution on liquidity and credit related issues is expected in the meeting,' an official said.
Finance Minister Arun Jaitley said there is a need to minimise NPAs in order to maintain the strength of the banking system and enable it to help the economy grow.
The central bank-finance ministry relationship is not a zero-sum game. Central bank autonomy is in the government’s enlightened self-interest.