Last Updated: Monday, August 31, 2015, 14:18
The government plans to change the Reserve Bank of India Act before the end of the fiscal year so it can set up a new committee to direct the country`s monetary policy, retiring Finance Secretary Rajeev Mehrishi told Reuters.
Last Updated: Monday, August 31, 2015, 13:23
In a scenario where inflation is under control, the quantum of interest rate cut is "the prerogative of the RBI", he said.
Last Updated: Sunday, August 30, 2015, 13:19
The new Insurance Act allows the government to disinvest its stake in five general insurance companies -- New India Assurance, United India Insurance, National Insurance, Oriental Insurance and sole reinsurer GIC Re.
Last Updated: Wednesday, August 26, 2015, 21:43
Finance Ministry will start consultations on 2016-17 Budget with different ministries and government departments from September 4.
Last Updated: Monday, August 24, 2015, 15:19
Attributing the stock market crash to global turbulence, Arun Jaitley aid the government and RBI were watching the situation and hoped that things will stabilise once the transient impact is over.
Last Updated: Monday, August 24, 2015, 13:42
“We are facing many global problems ,but we need to go with full determination on the roadmap laid as we know our strength,” Jaitley said.
Last Updated: Sunday, August 23, 2015, 21:12
Bandhan Bank Sunday began operations as a full-fledged bank with 501 branches and 1.43 crore accounts across the country, becoming the newest member of the estimated USD two-trillion Indian banking industry.
Last Updated: Sunday, August 23, 2015, 17:54
Even as its peers make a beeline to open shop at the GIFT City, the country's second-largest lender HDFC Bank has said it is not keen to have a presence in the country's first international finance centre in Ahmedabad.
Last Updated: Sunday, August 23, 2015, 15:10
The company, which started operations as a micro finance institution, got final approval from RBI in June to launch commercial banking operations.
Last Updated: Sunday, August 23, 2015, 11:33
The Kolkata-based BFS had received a nod from the Reserve Bank of India (RBI) to start commercial banking operations last year.
Last Updated: Thursday, August 20, 2015, 21:50
As part of government's efforts to create business friendly tax environment in the country, the Centre will soon come out with guidelines to streamline the process of scrutiny of income tax cases, a top official said Thursday.
Last Updated: Thursday, August 20, 2015, 19:14
"Effort of government is to make tax rate reasonable, as reasonable as possible. High tax rate do not achieve the objective of GST," Revenue Secretary Shaktikanta Das said at an Assocham event here.
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