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  • On course to achieve fiscal deficit target, says Finance Secretary Somanathan Aug 31, 2022 09:32 PM IST

    On course to achieve fiscal deficit target, says Finance Secretary Somanathan

    The Union Budget has pegged the fiscal deficit at Rs 16.61 lakh crore or 6.4 per cent of the gross domestic product (GDP) for the financial year ending March 2023.

  • India in a relatively stronger position than many other countries: Finance secretary May 12, 2022 07:28 PM IST

    India in a relatively stronger position than many other countries: Finance secretary

    Saying that the fiscal situation was less challenging last year, T V Somanathan stressed that the government will work on maintaining growth and fiscal stability, while the primary responsibility of controlling inflation lies with the Reserve Bank of India.

  • Low Budget allocation to healthcare: Finance Secretary says it is primarily states' responsibility Feb 21, 2022 01:41 PM IST

    Low Budget allocation to healthcare: Finance Secretary says it is primarily states' responsibility

    Finance Secretary T V Somanathan said the Centre provides for some "cross-cutting health infrastructure" and also spends on the Pradhan Mantri Jan Arogya Yojana, which helps people from lower strata of the society to access healthcare.

  • Moneycontrol Daily: Your Essential 7 Feb 03, 2022 07:28 AM IST

    Moneycontrol Daily: Your Essential 7

    A daily round-up of the most interesting articles to help jump-start the day.

  • India committed to predictability in taxation, says Finance Secretary as Govt seeks to undo retro tax Aug 05, 2021 07:44 PM IST

    India committed to predictability in taxation, says Finance Secretary as Govt seeks to undo retro tax

    The proposed Bill lays down the procedure for tax refunds subject to conditions, Finance Secretary TV Somanathan said, adding that it "represents the best way forward" and offers a "fair solution" to companies who have objected to the retro tax law.

  • INTERVIEW | Cutting income tax rates isn't the only way to provide relief: Finance Secretary Feb 03, 2021 10:06 PM IST

    INTERVIEW | Cutting income tax rates isn't the only way to provide relief: Finance Secretary

    In an exclusive interview to Moneycontrol, Ajay Bhushan Pandey said that GST collections in the last couple of months have improved because of systemic changes undertaken by the department of revenue, without increasing tax rates.

  • Interview | There are still certain sectors which may require some interventions, says Finance Secretary Ajay Bhushan Pandey Nov 02, 2020 07:30 AM IST

    Interview | There are still certain sectors which may require some interventions, says Finance Secretary Ajay Bhushan Pandey

    The Narendra Modi government is now focused on sector-specific interventions, and is speaking to stakeholders across the board as it prepares its next set of stimulus announcements, Finance Secretary Ajay Bhushan Pandey told Moneycontrol in an interview.

  • Govt designates Ajay Bhushan Pandey as Finance Secretary Mar 03, 2020 05:30 PM IST

    Govt designates Ajay Bhushan Pandey as Finance Secretary

    Pandey had taken charge as the Revenue Secretary in November 2018, replacing Hasmukh Adhia who was to retire at the end of the month.

  • Work begins on Budget proposals; DFS approves raising deposit insurance to Rs 5 lakh: Finance Secretary Feb 04, 2020 04:11 PM IST

    Work begins on Budget proposals; DFS approves raising deposit insurance to Rs 5 lakh: Finance Secretary

    The move will help boost confidence of people in the banking system which has been shaken after a scam last year in Punjab and Maharashtra Cooperative Bank (PMC Bank) which affected lakhs of customers.

  • Economic capital framework report still being finalised: Finance Secretary Subhash Chandra Garg May 30, 2019 07:21 PM IST

    Economic capital framework report still being finalised: Finance Secretary Subhash Chandra Garg

    The committee on ECF was set up by the central bank in December last year and was expected to submit its report within 90 days from the date of its first meeting.

  • Finance Secretary Ajay Narayan Jha gets one-month extension; named Finance Commission member Jan 14, 2019 07:50 PM IST

    Finance Secretary Ajay Narayan Jha gets one-month extension; named Finance Commission member

    The Appointments Committee of the Cabinet has approved extension in service of Jha, Finance Secretary and Secretary, Department of Expenditure, for a period of one month beyond his superannuation, i.e. January 31 this year, said the order issued by the Personnel Ministry.

  • Government to make announcement on RBI on Tuesday: Report Dec 11, 2018 10:40 AM IST

    Government to make announcement on RBI on Tuesday: Report

    Reserve Bank of India Governor Urjit Patel resigned on Monday evening after a rift between the bank and the government, shocking financial markets.

  • AN Jha is the new Finance Secretary Dec 04, 2018 09:35 AM IST

    AN Jha is the new Finance Secretary

    Prime Minister Narendra Modi led Appointments Committee of the Cabinet has cleared Jha's appointment to the post after incumbent Hasmukh Adhia, a 1981-batch Gujarat cadre officer of the Indian Administrative Service (IAS), retired on November 30.

  • Government will look into local market slump: Hasmukh Adhia Feb 06, 2018 12:05 PM IST

    Government will look into local market slump: Hasmukh Adhia

    Hasmukh Adhia said he will discuss the issue of fall in local markets with Finance Minister Arun Jaitley.

  • Everyone is very enthusiastic about India: Ashok Lavasa, Finance Secretary May 17, 2017 08:06 PM IST

    Everyone is very enthusiastic about India: Ashok Lavasa, Finance Secretary

  • RBI's steps will help banks make loans viable: Ashok Lavasa, Finance Secretary May 15, 2017 06:41 PM IST

    RBI's steps will help banks make loans viable: Ashok Lavasa, Finance Secretary

    The recent NPA ordinance is a part of a multi-pronged approach to resolve the bad debt crisis – that's the word from Finance Secretary, Ashok Lavasa. Speaking to CNBC-TV18's Malvika Jain in the USA, Lavasa also said that the government is looking at taking sector specific steps to tackle the bad loan problem.

  • Government to announce revised allowances as per 7th Pay Commission in April Mar 30, 2017 04:57 PM IST

    Government to announce revised allowances as per 7th Pay Commission in April

    Central government employees may be in for some good news this April as revised allowances including house rent allowance (HRA) are likely to be announced after April 12, when the ongoing Budget session of Parliament gets over.

  • Benefits of Aadhaar should not be undermined: Lavasa Mar 29, 2017 03:37 PM IST

    Benefits of Aadhaar should not be undermined: Lavasa

    The 'revolutionary' biometric identifier programme Aadhaar should not be undermined as it has brought efficiency in public spending and removed corruption, Finance Secretary Ashok Lavasa said today.

  • New currency notes in ATMs from Friday: Government Nov 09, 2016 11:46 AM IST

    New currency notes in ATMs from Friday: Government

    People, he said, do understand the objective behind the move. "And I'm sure they will cooperate in dealing with the difficulties and inconvenience that they might face. And eventually things will settle down." Lavasa said people need money for transaction so for replacement that currency is being introduced.

  • Railway officials to meet Finance Secretary on Budget Nov 09, 2016 08:16 AM IST

    Railway officials to meet Finance Secretary on Budget

    There will be discussion thread bare on the contour of the forthcoming Budget containing rail-related proposals, since the Rail Budget will be part of the General Budget and there will be no separate one for railways, said a senior official of Railway Ministry.

  • Inflation targeting govt's priority, RBI shares same view:Lavasa Oct 04, 2016 08:43 PM IST

    Inflation targeting govt's priority, RBI shares same view:Lavasa

    Post the monetary policy meet today, Ashok Lavasa told CNBC-TV18 that inflation should remain in control in the coming days and expects banks to pass on the rate cut to its borrowers.

  • Monetary Policy: Rate cut to boost liquidity, achieve near 8% growth, says FinMin Oct 04, 2016 04:30 PM IST

    Monetary Policy: Rate cut to boost liquidity, achieve near 8% growth, says FinMin

    Finance Secretary Ashok Lavasa said RBI and the government are on the same page with regard to inflation target and the government is taking all measures possible to keep inflation within the range of 2-6 percent.

  • Rlys won't have to pay dividend under merged Budget: Fin Secy Sep 21, 2016 03:27 PM IST

    Rlys won't have to pay dividend under merged Budget: Fin Secy

    Once the circular is issued Budget exercise will kick off, Finance Secretary Ashok Lavasa told CNBC-TV18. Under the contours of the merged Budget, gross budgetary support to Railways Ministry will continue, so will the commercial arrangements of Railways Ministry, he said.

  • Fiscal deficit bang on target, India a bright spot: FinMin May 31, 2016 10:12 PM IST

    Fiscal deficit bang on target, India a bright spot: FinMin

    Government said it has achieved the fiscal deficit target of 3.9 percent of GDP in 2015-16 and India continues to remain a bright spot in the world economy with solid macroeconomic parameters

  • India on target to see 3.5% fiscal deficit in FY17: Ashok Lavasa May 31, 2016 07:55 PM IST

    India on target to see 3.5% fiscal deficit in FY17: Ashok Lavasa

    Financial Secretary Ashok Lavasa says planned expenditure budgeted by the government has been fully met with spending focussed on social and economic sectors.

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