When the Insolvency & Bankruptcy Board of India (IBBI) was formed two years ago, the regulator wanted to meet bank chiefs but bankers were unwilling, the report said
The airline’s operations have hit a snag due to financial problems and rising dues
The merger will take at least 3-4 quarters to complete and the three banks will function independently until the process is concluded. Take a look at the banks' results from the June quarter
The need to boost agriculture is understandable. After all, this is the sector that has been languishing for long.
According to the plans announced by Finance Minister Arun Jaitley during his Budget presentation, each family is covered under the new National Health Protection Scheme.
It was always going to be the most political of the NDA’s Budgets so far, but the FM exceeded expectations on this front.
The budget also marked the beginning of a new public accounting process. There were fewer indirect tax changes following the launch of the goods and services tax (GST) that kicked in on July 1.
Public sector banks are still struggling to meet parity with private sector banks in terms of grabbing retail market share and business growth.
Jawaharlal Lal Nehru, Indira and Rajiv Gandhi have presented the Budget while serving as the Prime Minister of India.
Morarji Desai held the Prime Minister’s office from 1977 to 1979 in the Janata government and also holds the record for presenting the record number of budgets -- 10.
The Railways Budget was used by the respective ministers as a tool to please voters in his/her State
Despite stiff resistance, the government and Singh took a brave step to go ahead with the reforms; the benefits of which are still being reaped by the Indian economy.
Too much trading activity ahead of Budget may not only erode your wealth but also take away your peace of mind.
"APY is not only a flagship scheme of the government, it is an important instrument for inclusion...within three years, the scheme has been able to mobilise nearly 69 lakh accounts," Financial Services Secretary Rajiv Kumar said in a video message to an event organised by PFRDA here.
The finance minister got some good-natured stick for lengthy speech.
If the Parliament gives its approval, the total capital infusion will be closer to Rs 20,000 crore this fiscal.
Consumer inflation rose 5 percent in December, compared to 4.38 percent in November. However, the December inflation reading was less than what most economists and bankers were expecting
This is a good time for the Finance Ministry and the Sebi to lay a roadmap to phase out PNs, which right now appears to be serving tax evaders and shady promoters better than foreign investors looking to make a quick buck in India
The Department of Heavy Industries, which is the administrative ministry of the company, has for long opposed the proposed disinvestment in state-run Bhel, citing unfavourable market conditions.
Since the general elections are scheduled to be held by May 2014, the government would be presenting a vote-on-account or interim budget instead of the regular full fledged Budget ahead of the scheduled date of February 28.
A bad promoter according to the FinMin is any promoter who has willfully defaulted at any project. The ministry has asked all PSU banks to stop lending to such promoters even if it is for another project, subsidiary or any other group company.
Home ministry‘s opinion is not sought for approval of foreign investment in aviation. However, due to the bilateral agreement between India and UAE, civil aviation Minister Ajit Singh had recommended that the home ministry‘s view be sought.
Finance Ministry has asked all ministries and departments to buy air tickets directly from Air India counters or its official website to save on payment of commission to agents.
Economic Affairs Secretary Arvind Mayaram exuded confidence that growth would improve in second quarter of current fiscal mainly on account of increase in the sown area, acceleration in the pace of plan expenditure and impact of projects cleared by the CCI.
CNBC-TV18‘s Aakansha Sethi reports that the finance ministry is considering several measures like a hike in external commercial borrowing (ECB) limits and hike import duty of luxury items to curb rupee slide.