R Gopalan

With its sheer size of market, impressive GDP growth and large middle class, India presents a compelling case for long-term growth prospects

Zee board backs Ashok Kurien, Manish Chokhani

Statement condemned allegations made by proxy advisors against Chokhani and Kurien.

Diesel price will be hiked in due course: Gopalan

Outgoing economic affairs secretary R Gopalan today said that a diesel price hike is a political decision that would be taken in due course. In an exclusive interview with CNBC-TV18's Siddharth Zarabi on his last day in the finance ministry, Gopalan also said the centre would need the budget deficit projection for current fiscal year

Govt will decide on FDI in retail at right time: Gopalan

The Government will take a decision on allowing Foreign Direct Investment in the multi-brand retail sector at the right time as it is seized of the issue, Economic Affairs Secretary R Gopalan said today.

India has scope to cut government borrowing: Official

India still has some scope to reduce government borrowing, Economic Affairs Secretary R. Gopalan said on Thursday on the sidelines of the Reserve Bank of India's board meeting.

MF industry wants service tax to be borne by consumers

The mutual fund industry wants the consumers to bear the burden of 12 percent service tax on purchase of schemes and has also pitched for higher administrative expenses during their meeting with the Finance Ministry officials.

Govt defers decision on M&M, Pfizer FDI applications

Government has deferred decision on Mahindra group's proposal to bring in FDI for a defence production joint venture and on another application by pharma major Pfizer to bring in foreign equity in a company.

FinMin, RBI to announce steps soon: Pranab Mukherjee

Finance Minister Pranab Mukherjee today said his ministry and the Reserve Bank will soon announce certain steps, as investors await the measures that are expected to check rupee slide and improve markets.

RBI to soon notify steps to boost economy: Pranab Mukherjee

The Reserve Bank of India is likely to issue a notification soon on measures to boost the economy, Finance Minister Pranab Mukherjee said on Monday.

Measures to boost economy to be announced on Monday: Pranab

Concerned over sharp depreciation in rupee and inflationary pressures in the economy, Finance Minister Pranab Mukherjee today said government will announce on Monday measures to improve the market conditions.

S&P not transparent; Indian economy in better shape: FinMin

Accusing Standard and Poor's of not being "transparent", the Finance Ministry today said India's economy is in a much better shape than what is being perceived by the global rating agency.

Govt paints rosy picture to lure QFIs via global roadshows

CNBC-TV18‘s Aakansha Sethi reports that officials from the finance and external affairs ministries, investment bankers and representatives from NSE and BSE are headed out on roadshows to present the right perspective of the Indian economy to investors across the globe.

Low interest rate to boost economic growth: FinMin

Pitching for cut in interest rates by the RBI in its forthcoming monetary review, the finance ministry today said low interest rate regime would push growth rate, which slipped to nine-year low of 6.5% in 2011-12.

R Gopalan expects FY13 to see highest FDI inflows

Economic affairs secretary R Gopalan said that he had expected S&P to retain its stable credit rating outlook for India.

Working on transparent GAAR mechanism: Eco Secy Gopalan

Speaking to CNBC-TV18, Economic Affairs Secretary R Gopalan said the government was working on an easy, transparent mechanism to implement GAAR.

Rise in small savings likely to ease borrowing pressure

An increase in small savings collections is likely to reduce pressure of government borrowing via dated securities and treasury bills in the current fiscal year, the economic affairs secretary told CNBC-TV18 news channel on Monday.

Govt to borrow Rs 3.7 lakh-cr in April-Sept: Gopalan

The union government will borrow a gross Rs 3,70,000 crore in the first half of the fiscal year that begins on April 1, Economic Affairs Secretary R. Gopalan said on Tuesday, which is 65% of the full-year target.

Mkt borrowing to be lower than Rs 4.79 lakh-cr: R Gopalan

The world may worry that the government is under sitting its deficit but India's economic affairs secretary is confident that the government's market borrowing number of Rs 4.79 lakh crore is an outer limit and that if anything, it may be lower by Rs 10,000-20,000 crore.

Budget 2012-13: 5.1% easy target, fiscal deficit will be better: Gopalan

R Gopalan, Economic Affairs Secretary, one of the key officials who was involved in the Budget making exercise says that the Budget has delivered on emphasis for growth, fiscal consolidation and tackle inflation.

Budget 2012: Drop in core inflation makes case for int rate cut:Gopalan

There is a strong case for lowering interest rates in India following a significant drop in the core inflation, R. Gopalan, secretary of economic affairs in the ministry of finance, said on Friday.

Budget 2012: Budget sees crude price at $115 per barrel: R Gopalan

The union budget for the fiscal year 2012-13 estimates the average crude price at USD 115 a barrel, said R. Gopalan, secretary of economic affairs in the ministry of finance.

DoT 2007 note not considered in controversial 2G note

A top Finance Ministry official today deposed before a parliamentary committee that had a document of Telecom Department of 2007 on 2G spectrum pricing been available, the 'wording' of the controversial note raising questions over the role of Home Minister P Chidamabaram could have been different.

Economic Affairs Secretary to be next Trai Chief?

Sources tell CNBC-TV18 that Economic Affairs secretary, R Gopalan, may be considered for chirmanship of Trai once JS Sarma's term expires in May.

Power producers want duty sops on equipments: CBEC chairman

The high profile meetings between the power company bosses and top ministers. After a number of meetings, the last port of call of the power CEOs was the finance ministry to discuss fiscal and taxation issues of the sector.

Budgeting is extremely challenging, but doable: R Gopalan

While most of us are busy in the guessing game, Economic Affairs Secretary R Gopalan indicated that Budget is likely to be in between March 12-16. In an interview to CNBC-TV18, Gopalan stressed that no final date has been decided but it is safe to assume the Budget to be tabled in between March 12-16.