The government on Monday said that the capital market regulator, the Securities and Exchange Board of India, is enquiring the sharp fall in share prices a week ago that had wiped off more than Rs 100,000 crore (Rs 1 trillion) of shareholders' wealth.
Ruling out imposition of restrictive capital controls despite inflow of overseas money putting pressure on inflation, India on Wednesday said it would continue to embark on gradualist approach to fuller rupee float.
He advised banks to facilitate appropriate credit expansion.
'Increased allocations for MNREGA could have provided the much needed push to rural demand and consumption at a time when recovery continues to remain uneven.'
Jaitley said that the banks have to play an important role in achieving the higher growth rate.
Leaving direct taxes untouched, Finance Minister P Chidambaram today slashed excise duty on cars, SUVs and two-wheelers, and capital goods and consumer durables to boost manufacturing and growth.
While India's GDP growth slowed to five-year low of 5.8% in Q4, China grew at 6.4%.
Bringing down government stakes would augment their capital.
The Centre on Thursday hoped that "some political solution" would emerge paving the way for formation of a popular government in Delhi as political parties questioned the delay in this regard and said it was hurting infrastructure in the national capital.
This is not a new or unknown problem, but every time it crops up, our policy-makers have tried to wish it away. In the present circumstances too, the government has stopgap arrangements. It is borrowing from the World Bank (that's window-dressing fiscal deficit), says Ajit Ranade.
Vodafone is facing tax liability over its $11 billion acquisition of a 67 per cent stake in the mobile-phone business owned by Hutchison Whampoa in 2007.
Reforms are like cricket scores, once they are scored, you just cannot erase them from the scoreboard," Finance Minister P Chidambaram said.
Monetary transmission has been an issue for the Indian banking sector.
The government's endeavour, she said, is to protect women in this country in collaboration with state governments.
Recovery possible only if investment cycle picks up.
Finance Minister P Chidambaram said on Tuesday the inflow of foreign funds in the banking system was not disorderly and could be channelled for productive use. There was large inflow of capital mainly from export earnings, remittances, foreign direct investment, foreign institutional investments and private equity, he said.
Time has now come for a pathbreaking 'Entrepreneurship Bill' pleads venture capitalist Soumitra Sharma.
Former RBI governor Raghuram Rajan, who faced a stinging attack from Finance Minister Nirmala Sitharaman for presiding over the "worst phase" of the Indian banking sector, on Thursday reminded her that two-third of his tenure as the head of the central bank was under the Bharatiya Janata Party government.
The Left proposed introduction of inheritance tax and restoration of long term capital gains tax to mop up additional resources for funding mega social sector schemes
The year 2018 is likely to be steady in terms of institutional investment into real estate
Some of the disclosures in the ITR form, under review at present, increases procedural hassles for expats
"Pakistan Foreign Minister is a political pygmy in a powerless government kowtowing to the terror organisations. These pusillanimous comments reflect Pakistan's frustration with Prime Minister Narendra Modi's successful diplomacy in exposing the terror face of Pakistan to the world," said BJP spokesperson G V L Narasimha Rao.
Soon after taking over as RBI Governor on September 4, Raghuram Rajan had announced opening of a swap window facility to encourage banks to lure NRI funds.
Anil Rego, CEO, Right Horizons, answers your personal income tax queries.
Finance Minister P Chidambaram is slated to meet bankers on November 18, to review performance of PSU banks and discuss ways of augmenting their capital by Rs 60,000 crore (Rs 600 billion) in the next 5-6 years.
Finance Minister P Chidambaram on Friday began his day-long visit to the financial capital by reviewing the operations of Unit Trust of India.
Union Budget 2015 cuold have included few smaller reforms.
Finance Minister P Chidambaram on Thursday said it was not sufficient to attain a high 8 per cent growth in one year but necessary to sustain it in the coming years.
Slower growth in the developed world is expected to impact emerging economies like India by reducing demand for their exports in rich country markets.
P Chidambaram said that the fiscal deficit target for 2013-14 will be met and the current account deficit will be contained below $40 billion.
Intense rocket barrage prevented a plane carrying United Nations Secretary General Ban Ki-moon and Swedish Foreign Minister Carl Bildt from landing at the Kabul airport on Tuesday and the aircraft was forced to be diverted to Bagram air base.
Here is a sample of 'PC-speak' during a meeting he had with a select group of brokers in Mumbai on Wednesday evening.
The finance minister said said fortunately India remains largely insulated from the global turbulence caused by US sub-prime mortgage crisis. Huge capital inflow has pushed up the rupee by over 10 per cent this year, hurting exporters. The export growth has more than halved since last year.
India has all the three requirements to guarantee investment protection--a stable and democratic political structure, a belief in the rule of law and transparent and independent legal system.
Market experts on why the bulls will be on the rampage first thing on Monday after the scrapping of enhanced surcharge on FPIs and other measures to ease the systemic liquidity squeeze and boost demand. Prasanna D Zore reports.
The Budget will focus on Gujarat's GIFT City.
The FM he said non-performing assets of PSBs have come down by Rs 1 lakh crore.
Finance Minister Pranab Mukherjee on Monday said adverse global economic developments, including the fallout of downgrade of the United States sovereign rating, present new opportunities to India and the country could become a source of stability for the world economy.
