He said the new short-term treasury bills will be part of the government's same borrowing programme. To meet its burgeoning expenditure, necessitated by the slowing down economy, the government has pegged its market borrowing at over Rs 4.5 lakh crore (Rs 4.5 trillion) for the current fiscal, bulk of which is being raised in the first half.
The Lok Sabha was adjourned twice in the post-lunch period on Thursday as a war of words broke out between the treasury and opposition benches, triggered by Congress MP Charanjit Singh Channi's spat with the Bharatiya Janata Party's Ravneet Singh Bittu.
United States President Joe Biden and Chinese's wannabe supreme leader Xi Jinping met virtually a few hours ago.
Indian-American business leader Ajay Banga is poised to become the next President of the World Bank after the nomination period closed and no country proposed an alternate candidate for the prestigious post. In February, President Joe Biden announced that the US would be nominating Banga to lead the World Bank because he is "well equipped" to lead the global institution at "this critical moment in history." The World Bank on Wednesday closed a month-long window for nominations for its next president, with no alternatives announced to 63-year-old Banga.
Trump said the sanction will deny the Iranian Supreme leader access to financial instruments.
It is expected that FBI chief Wray will hold talks with senior Indian security officials.
United States Secretary of State Hillary Clinton in concert with Treasury Secretary Timothy Geithner and Attorney General Eric Holder on Wednesday amended the foreign terrorist organisation designation of the Pakistan-based Lashkar-e-Tayiba in order to include one of the terror group's front organisation and a charitable arm of it as part of the FTO designation too.
What some of our leaders were up to on Friday, November 11.
At the World Bank Banga will be replacing David Malpass, a former Trump treasury official, reports axios.com. Malpass had already announced that he will resign by July, months ahead of his term expired. "Ajay is uniquely equipped to lead the World Bank at this critical moment in history," President Biden said in a statement. Banga, 63, currently serves as vice chairman at General Atlantic.
If confirmed by the Senate, the 67-year-old career military officer would be the first African-American to lead the Department of Defence.
US Treasury Secretary Timothy Geithner has left for New Delhi to launch the Indo-US Economic and Financial Partnership which according to him would set the pace and put and economic relationship between the two countries on a new trajectory.
The $14.29 trillion borrowing limit underscores the need for Congress to put in place a fiscal straitjacket like the CAP Act.
Neel Kashkari, who was the Senior Advisor to US Treasury Secretary Henry M Paulson, was nominated by President Bush to the post of Assistant Secretary of Treasury for International Affairs and has been confirmed by the US Senate.
A group of influential Senators has asked the US Treasury Secretary Timothy Geithner to list China as a currency manipulator in his April 15 bi-annual exchange rate report to the Congress.
The Congress has appointed observers to coordinate meetings of its legislature party in four states where assembly election results will be declared on Sunday.
Notwithstanding the row over a blind Chinese dissident, China and the US have struck 67 agreements during their crucial economic dialogue covering a wide range of issues relating to trade and investment.
Urals and Sokol accounted for every 4 out of 5 barrels of Russian supplies to India last year.
Three days after he was shot while delivering a speech in the western Japanese city of Nara, Abe Shinzo, Japan's longest serving prime minister, began his final journey in Tokyo.
Chinese President Hu Jintao on Friday hailed the "positive results" of the latest round of Security and Economic Dialogue between China and the United States which was held under the shadow of a dissident seeking refuge in the American embassy in Beijing.Hu lauded the talks and appreciated the "excellent work" of the teams from the two countries when US Secretary of State Hillary Clinton and Treasury Secretary Timothey Geithner called on him.
The annual high-level strategic and economic dialogue between the United States and China began in Beijing on Thursday with Chinese President Hu Jintao calling for a "new type of relationship" between the two countries to break the traditional belief that big powers only have conflicts.
Vikram Pandit-led Citigroup has came under fire from the US President Barack Obama and his administration for purchasing a $50 million jet plane.
There are no easy answers to this crisis. But governments should consider whether they ought to become the insurer of last resort.
Union Finance Minister Pranab Mukherjee arrived in Washington, DC on Monday to participate in the India-US economic partnership dialogue, during which he is expected to meet US Secretary of State Hillary Clinton.
Twin objectives of promoting recovery in the global economy and to put in place a set of reforms in the international financial system to help prevent future crises of this type taking place are crucial for G20, said a top US Treasury official. G20 is a group of 20 leading and emerging economies of the world representing more than 85 per cent of the global economy.
By June end, Treasury Secretary Timothy Geithner is scheduled to land in India for economic and business talks with his Indian counterpart.
The US has decided to give top priority to its ties with India, which is reflected in an unprecedented series of high-level exchange of visits between the two countries this month aimed at taking forward their cooperation in areas like defence, trade and education.
Finance Minister Nirmala Sitharaman on Tuesday highlighted "significant reforms" undertaken by the government including National Monetisation Pipeline (NMP) and National Infrastructure Pipeline (NIP) as she met institutional investors in Boston. Sitharaman arrived in the US on Monday for a week-long trip to attend the annual meet of the World Bank and IMF in Washingon as well as G20 Finance Ministers and Central Bank Governors (FMCBG) meeting. During the official visit to the US, Sitharaman is expected to meet US Treasury Secretary Janet Yellen.
The short-term recommendations include improvements to regulatory coordination and oversight that regulators can make quickly. The blueprint recommends creating a new federal commission for mortgage origination to protect consumers better. The report also recommends modernizing the President's Working Group on Financial Markets and clarifying the Federal Reserve's liquidity provisioning.
In his letter to Sitharaman, Venugopal said media reports have exposed the alleged "quid-pro-quo between BJP and several firms, which in a strange coincidence donated to it, after the Enforcement Directorate (ED), Income Tax Department (IT) and Central Bureau of Investigation (CBI) and others, raided or searched those enterprises".
'Beijing is watching Obama's visit closely. While Chinese leaders have faced opposition from Japan and Vietnam, they view India's rise with caution.'
It was a faux pas by Treasury Benches members when they voted against a clause in the Food Security Bill in the Lok Sabha on Monday night, thinking it was a division on an amendment moved by the Leader of the Opposition Sushma Swaraj.
Pranab said he had clarified this issue in no uncertain terms with US Treasury Secretary who had brought up this issue during bilateral talks.
Geithner and Bernanke are scheduled to visit Mumbai tomorrow.
In a cabinet that was already being touted as the most diverse in British history, Priti Patel became the first Indian-origin home secretary with Pakistani-origin Sajid Javid moving from the UK Home Office to become the new chancellor.
The US, in coordination with allies and partners, continued to forcefully respond to Russia's "unjustified, unprovoked and premeditated" invasion of Ukraine by imposing sanctions on Putin and Lavrov.
US companies are rebuilding their capital stock as well as the workforce and hiring people back to work.
Contrary to popular notions, US laws protect the truly rich and powerful Rajat Gupta, however, was an outsider.
Geithner and Bernanke held talks with India's major multinational corporations.
Breakfast meeting between Timothy Geithner, US treasury secretary, leading industralists due Wednesday.
US President Barack Obama on Thursday called up his new Chinese counterpart Xi Jinping to congratulate him on taking up his new position and discuss future of bilateral ties between the two countries.
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