EU ministers narrow differences over banking union

Last Updated: Friday, November 15, 2013, 23:38

EU finance ministers narrowed Friday some of their differences over "Banking Union", a new framework meant to prevent a repetition of the financial meltdown that plunged Europe into crisis.

State FMs to hold GST meet in Shillong on Nov 18-19

Last Updated: Monday, November 4, 2013, 18:19

The Empowered Committee of State Finance Ministers on GST will meet in Shillong on November 18 and 19 and may firm up views on issues concerning the taxation of liquor and petroleum products in the proposed Goods and Services Tax regime.

States oppose inclusion of petro products, liquor in GST

Last Updated: Monday, October 21, 2013, 17:12

Several states on Monday opposed inclusion of petroleum products and liquor in the proposed Goods and Services Tax (GST) regime as the move would severely affect their revenues.

EU finance ministers to agree new bank supervisor system

Last Updated: Tuesday, October 15, 2013, 18:25

EU finance ministers were set Tuesday to take a key step towards a new bank regulatory framework with final clearance of a single supervisor regime.

G20 seeks 'urgent action' from US on budget impasse

Last Updated: Saturday, October 12, 2013, 09:25

Finance chiefs of the G20 on Friday called for Washington to quickly resolve the political paralysis over its budget and debt ceiling.

Millions more Europeans at risk of poverty if austerity drags on: Oxfam

Last Updated: Thursday, September 12, 2013, 10:23

Up to 25 million more Europeans are at risk of sinking into poverty by 2025 if governments push on with austerity measures, international aid agency Oxfam warned Wednesday, calling such policies "moral and economic nonsense".

State FMs to elect new chairman of GST panel on Monday

Last Updated: Sunday, July 21, 2013, 13:50

The Empowered Committee of State Finance Ministers will elect a new chairman tomorrow to pursue implementation of Goods and Services Tax, a report on which has recently been finalised by a Parliamentary panel.

G20 gets 'action plan' to fight tax avoidance

Last Updated: Friday, July 19, 2013, 23:35

The OECD presented G20 nations with a bold strategy on Friday to crack down on tax avoidance by corporate giants and the super rich, and so boost overstretched national budgets.

G20 seeks to chart recovery course amid choppy markets

Last Updated: Friday, July 19, 2013, 09:50

The world's economic crisis response team will grapple with the prospect of more market volatility on Friday as finance ministers and central bankers gather in Moscow to chart a course towards recovery.

FM to meet PSU bank chiefs on July 3, review fin performance

Last Updated: Wednesday, June 26, 2013, 18:30

Finance Minister P Chidambaram will meet heads of public sector banks on July 3 to review financial performance of lenders and discuss ways to step up lending activity to boost sagging growth.

EU finance ministers struggle on bank closures

Last Updated: Saturday, June 22, 2013, 11:00

As the talks dragged on after an early start Friday, hopes faded of an overall deal to finally put the banking sector's problems to rest.

EU faces tough talks on bank sector reform, bailouts

Last Updated: Thursday, June 20, 2013, 10:17

Eurozone finance ministers meet Thursday amid sharp differences over banking sector reforms -- trying to resolve whether taxpayers or creditors pay for future bailouts.