Manojit Saha And Vrishti Beniwal

Stories by Manojit Saha And Vrishti Beniwal

Budget format might be changed

Budget format might be changed

Rediff.com   24 Feb 2014

To help compare numbers better, FinMin might retain the interim Budget Estimates with the new ones.

Citibank rules out India subsidiary, informs RBI

Citibank rules out India subsidiary, informs RBI

Rediff.com   22 Feb 2014

Though most foreign banks appear reluctant to establish a subsidiary here, Citi is the only bank that has so far communicated this to the regulator, in writing.

Reserve Bank to enforce strict regime on United Bank

Reserve Bank to enforce strict regime on United Bank

Rediff.com   21 Feb 2014

The Reserve Bank of india is likely to tell state-run United Bank of India (UBI), which has seen erosion of capital due to bad loans and higher provisioning to implement prompt corrective action.

Govt mulls independent office to manage centre's debt

Govt mulls independent office to manage centre's debt

Rediff.com   21 Feb 2014

The finance ministry is working on a Cabinet note for establishing a full-fledged Public Debt Management Office, officials told Business Standard.

Bank funding of spectrum purchases hits DoT wall

Bank funding of spectrum purchases hits DoT wall

Rediff.com   15 Feb 2014

Telecom department says spectrum can't be used as collateral because it's government property

Past subsidies rollover to hit fiscal adjustment

Past subsidies rollover to hit fiscal adjustment

Rediff.com   12 Feb 2014

For 2014-15, the bill on this account is likely to be 12.8% more than in 2013-14.

Bulk deposit rates shoot up as banks scramble for cash

Bulk deposit rates shoot up as banks scramble for cash

Rediff.com   6 Feb 2014

Banks have taken this aggressive posture even as liquidity has become comfortable on the back of increased government spending.

Benefits transfer scheme minus LPG dole a flop-show

Benefits transfer scheme minus LPG dole a flop-show

Rediff.com   31 Jan 2014

Only Rs 3,000 cr has been disbursed. Over 80% of these transfers were for cooking gas subsidy.

I-T dept to use information from banks to nail tax evaders

I-T dept to use information from banks to nail tax evaders

Rediff.com   27 Jan 2014

Details of identity and residence will not be required for exchange of notes between April 1 and June 30.

Divestment, dividend to fetch govt Rs 55,000 crore

Divestment, dividend to fetch govt Rs 55,000 crore

Rediff.com   24 Jan 2014

To check fiscal deficit, government needs to drastically cut Plan expenditure.

RBI wants 'prominent' banker to be deputy governor

RBI wants 'prominent' banker to be deputy governor

Rediff.com   24 Jan 2014

A rule change may make Nachiket Mor, among others, eligible to replace Chakrabarty.

Korea eyes better banking footprint in India

Korea eyes better banking footprint in India

Rediff.com   7 Jan 2014

The fourth finance ministerial meeting, to be held in New Delhi, will have Finance Minister P Chidambaram from the Indian side and Hyun Oh-seok, Deputy Prime Minister and minister of strategy and finance, from South Korea.

Common return for service tax, excise duty on back burner

Common return for service tax, excise duty on back burner

Rediff.com   6 Jan 2014

Common return for excise duty and service tax was envisaged when 119 services were taxed.

Banks seek leeway from RBI

Banks seek leeway from RBI

Rediff.com   6 Jan 2014

Say 30 days not enough to resolve stress; want higher provision norms deferred till economy picks up

Implementation of tax reforms unlikely before 2016

Implementation of tax reforms unlikely before 2016

Rediff.com   23 Dec 2013

Years of wait before DTC, GST are rolled out

In damage-control mode, UPA may offer pre-poll sops

In damage-control mode, UPA may offer pre-poll sops

Rediff.com   16 Dec 2013

Having faced a debacle in four Assembly elections recently, the UPA government is exploring ways to woo voters before the coming general elections - without deviating from the path of fiscal consolidation.

RBI to unveil norms for early detection of stressed loans

RBI to unveil norms for early detection of stressed loans

Rediff.com   16 Dec 2013

At least five state-run banks on central bank's radar for lax credit appraisal

Economic Survey unlikely in February

Economic Survey unlikely in February

Rediff.com   5 Dec 2013

Survey likely to be tabled in July by the new government.

Sumit Bose likely to head PFRDA

Sumit Bose likely to head PFRDA

Rediff.com   3 Dec 2013

The term of the last chairman of the pension regulator, Yogesh Agarwal, was cut short by the finance ministry in November.

Govt zeroes in on six firms for divestment

Govt zeroes in on six firms for divestment

Rediff.com   27 Nov 2013

Strategy being reworked to launch ETFs, revive Suuti; proceeds may be Rs 24k crore