Finance Ministry knocks down PM Modi's idea of Rs 25 currency notes

Last Updated: Wednesday, September 2, 2015, 13:20

To overcome usual shortage of coins, Union government should have coins only in denominations of rupees one and five with gradual introduction of coins of rupees ten to ultimately replace notes of this denomination.

Shaktikanta Das takes charge as Economic Affairs Secretary

Last Updated: Tuesday, September 1, 2015, 23:22

Senior IAS officer Shaktikanta Das has taken charge as the Secretary for Department of Economic Affairs in the Finance Ministry.

FinMin for 3% spectrum fee on mobile cos winning in auction

Last Updated: Tuesday, January 21, 2014, 20:52

For BWA players, the Department of Economic Affairs (DEA) suggested continuation of 1 percent, but charge them weighted average of 3 percent and 1 percent if they buy spectrum in upcoming auction.

Jet-Etihad deal: CCI to hold discussions with stakeholders

Last Updated: Friday, November 8, 2013, 23:22

The CCI's nod is crucial. It is so far the single-largest FDI in Indian aviation sector.

‘No security clearance given to Jet-Etihad deal’

Last Updated: Thursday, November 7, 2013, 22:18

The Home Ministry has conveyed to the Department of Economic Affairs (DEA) that it has not given security clearance to the Abu Dhabi-based Etihad Airways' proposal to buy a 24 percent stake in Jet Airways.

Govt to meet Rs 54,000 crore disinvestment target: Mayaram

Last Updated: Monday, September 23, 2013, 20:53

Notwithstanding volatility in the market, the government on Monday said it is confident of meeting the Rs 54,000 crore disinvestment target for 2013-14.

Govt will keep fiscal deficit at 4.8% of GDP: Mayaram

Last Updated: Monday, September 23, 2013, 18:57

Committing to keep the fiscal deficit within the budgeted target of 4.8 percent of the GDP, a senior Finance Ministry official Monday said the government was open to prune non-essential expenditure to keep public finances under check.

Growth likely to pick up in Q3 and Q4: Mayaram

Last Updated: Wednesday, September 18, 2013, 21:23

Economic growth will pick up in the third and fourth quarters of the current fiscal and the government will be able to meet its fiscal deficit target, a top finance ministry official said Wednesday.

NSEL crisis: Sub-groups to submit report to DEA Secy Tuesday

Last Updated: Monday, September 2, 2013, 22:37

The two working groups set up to look into violations by National Spot Exchange Ltd (NSEL) are likely to submit their reports to the Department of Economic Affairs Secretary Arvind Mayaram Tuesday.

Cash rich PSUs to invest in projects to spur growth

Last Updated: Tuesday, September 11, 2012, 17:58

The government is working on a mechanism under which nine major public sector undertakings (PSUs) having large cash reserves would start investing in infrastructure projects in a time-bound manner to boost growth.

Arvind Mayaram nominated as director in RBI board

Last Updated: Wednesday, August 8, 2012, 00:30

The government has nominated Arvind Mayaram, Secretary in the Department of Economic Affairs (DPE), as a director in the central board of the Reserve Bank.

Scope for reduction in govt borrowings: Gopalan

Last Updated: Thursday, July 5, 2012, 21:48

As the government plans to borrow Rs 5.13 lakh crore to meet 2012-13 fiscal deficit, Department of Economic Affairs Secretary R Gopalan on Thursday said there is some room to cut government borrowing.