He was previously Prasar Bharti CEO.
The United Progressive Alliance government in 2011 introduced a Constitution Amendment Bill in the Lok Sabha to pave the way for the GST regime which aims at subsuming most of the indirect taxes at the central as well as the state levels.
A few market and economic indicators have begun looking up, thanks to what many term the 'Rajan effect'.
Import duty on gold is already hiked by a third to 8 per cent.
The regulator has sent show-cause notices to the erring banks and is awaiting their replies to take appropriate corrective measures.
Public sector broadcaster Prasar Bharati has appointed Rajiv Takru, additional secretary in the Ministry of Information and Broadcasting, as the chief executive officer. The move followed the recent suspension of B S Lalli against whom an inquiry has been ordered for alleged financial irregularities and providing undue favours to some broadcasters during the Commonwealth Games.
At present private radio stations are not allowed to broadcast news. The government's new move comes at a time when it is in the process of finalising the process for the third phase of FM radio expansion in India.
His nomination is effective from November 11, 2014, RBI said on Monday.
In yet another secretary-level change, government appointed Hasmukh Adhia, a 1981 Gujarat cadre IAS officer, as the new Financial Services Secretary replacing G S Sandhu.
In the wake of the brutal assault on a woman in an unguarded ATM in Bangalore, the Finance Ministry said it has asked all banks to strictly follow the RBI's instructions on security at these outlets and comply with instructions issued by state governments.
As per the bank sources, senior-most MDs -- A Krishna kumar and Hemant Contractor -- are part of the committee.
Chidambaram first met bankers and industrialists in Mumbai to seek ways to revive slowing economic growth.
Experts interviewed CMDs of nine public sector banks on Friday and Kamath is believed to be in the reckoning
Amidst rising demand from banks that they be allowed to increase user fees and limit free ATMs, RBI Deputy Governor K C Chakrabarty said it is "ridiculous" for a bank to charge its own customers for these services.
Watal a 1978-batch Andhra Pradesh cadre IAS officer.
Following his resignation, the Finance Ministry has appointed Joint Secretary Anup Wadhawan as Chairman of the PFRDA.
If warranted they can initiate criminal proceedings including filing of FIR, a Finance Ministry official said.
Arundhati Bhattacharya is a strong contender for chairperson post, after Pratip Chaudhuri retires in September.
An administrative enquiry is under way to find out why United Bank's non-performing assets had been under-reported.
Rajan's first few measures include swap window facility for banks to lure in NRI funds.
The finance minister was speaking after launching the maiden IDF scheme of IIFCL Mutual Fund in New Delhi on Tuesday.
The US Federal Reserve on Wednesday surprised the markets by saying it will continue with its monthly $85-billion bond buying programme and wait for more evidence of growth recovery.
The Finance Ministry has asked top rung exectives of United bank of India to furnish bad loan recovery report on daily basis.
Cover inadequate for even one refinery.
The term of the last chairman of the pension regulator, Yogesh Agarwal, was cut short by the finance ministry in November.
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The minister, who will also be meeting foreign institutional investors whose money is key to funding CAD in the afternoon, did not speak to reporters waiting outside.
Representatives of the British telecom company on Friday met senior finance ministry officials, in search of an amicable solution.
The decision to increase the quantum of capital infusion was taken at a meeting between Finance Minister P Chidambaram, RBI Governor Raghuram Rajan and Economic Affairs Secretary Arvind Mayaram in New Delhi.
Levy in India one of the highest in the world; finance minister urges banks to tell customers not to invest in the metal.
On Tuesday, Finance Minister P Chidambaram had more than adequately made clear that the government would be allocating Rs 14,000 crore through Budget, the Financial Services Secretary said.
The ministries and departments, where bureaucrats are parked after being moved out of key positions, reflect the priorities of the government.
The government is set to carry out a performance review of companies that have opted for corporate debt restructuring (CDR).
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Likely to set the ball rolling for Rs 1.72-lakh-cr projects today
Two key depts in ministry cold to rationale for one; postal dept says it's more eligible than IDFC or Bandhan, feels 'strong lobby' scuttling its plans.
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