Credit rating agencies have been raising red flag over high debt to GDP ratio of India.
Government has approved follow-on public offer of Power Finance Corporation worth Rs. 5,732 crore.
The proposal was mooted by the department of industrial policy and promotion in the ministry of commerce and industry.
The main difference of opinion between RBI and FinMin is over the transfer of the RBI's 'excess' capital reserves. The Jalan panel seeks to convince finance secretary Subhash Garg to soften his dissent note language. The move is aimed at maintaining the now-cordial relations between the RBI and the finance ministry.
Jaitley did not say if it will be an outright sale or partial divestment.
During his visit, Hosseini called on Prime Minister Manmohan Singh and also met Finance Minister Pranab Mukherjee and National Security Advisor Shivshankar Menon.
She also hit out at the government for posting retired bureaucrats, who she alleged were its 'yes men', as head of institutions.
With things looking bright for the crisis-hit Commonwealth Games, a song was released in New Delhi on Wednesday encouraging the youth of India to create a positive atmosphere around the Games.
There is concern in the organisation and the leadership over the unbridled criticism aimed at the Finance Ministry.
Pakistan's Finance Minister Shaukat Tarin resigned on Tuesday following months of strained relations with other members of the federal Cabinet, saying he was stepping down to focus on his private business interests.
The initiative is being called lateral recruitment to senior positions in the government.
FPIs are currently capped at 5 per cent of the total outstanding government dated securities, and own 4.5 per cent
'The target for next year is unlikely to be more than that of this year. The more you divest in any cycle, the less your potential pipeline for the next,' said an official. 'The first two issues we want to tackle and complete in FY20 are Air India and Hotel Ashok.'
Growth of capital goods at 9.6 per cent is inspiring as the investment cycle is expected to rebound in the coming months.
There are 350,000 jewellers, of which 13,000 are BIS-certified.
Fitch Ratings had in December affirmed India's 'BBB-' rating with a stable outlook.
Given the pressure from India Inc and the banking fraternity, it is surmised that the portfolio rejig will take place before April.
The Union Budget for 2017 is likely to be presented on February 1. An approval for merging the Railway Budget with the General Budget was accorded by Finance Minister Arun Jaitley on Monday.
The airline intends to raise the money to meet its cash flow requirements and had got the shareholders' approval for the same on July 24.
Around 27 Indian IT firms, including majors like Tata Consultancy Services (TCS), Infosys Technologies and Wipro Ltd, are understood to have submitted their expressions of interest (EoIs) to develop a technology platform for the Centre's Crime and Criminal Tracking Networks and Systems (CCTNS) project.
FinMin does not expect tax or non-tax revenue to reach anywhere close to the targets set in the interim Budget. Sources say that the challenge before the new government will be either to accept the reduced projection and tailor the Budget accordingly or set a more ambitious target.
The government on Friday said it has started implementing liberal FDI rules under which proposals up to Rs 1,200 crore (Rs 12 billion) foreign equity would be cleared by the Finance Minister without seeking approval of the Cabinet Committee on Economic Affairs.
The Foreign Investment Promotion Board (FIPB) on Monday deferred a decision on Vodafone's Rs 10,141 crore (Rs 101.41 billion) proposal to buy out minority shareholders in its Indian arm as the Ministry of Home Affairs is yet to give its comments.
The Cabinet Committee on Economic Affairs is likely to approve the 20 per cent follow-on offer of Shipping Corporation of India next week, which may fetch close to Rs 1,400 crore (Rs 14 billion).
The agreement between the two has a long stop date clause, stipulating that all approvals be secured by then.
A 15 per cent corporate tax rate for services companies in SEZs, setting up a fund for deep-tech startups and establishing clusters to demonstrate design-to-manufacturing capabilities of tech firms were some of the key demands made by the IT sector at the pre-Budget consultation on Monday. The participants shared their views and suggestions regarding Big Data, incentives for encouraging setting up of data centres, fiscal incentives for data localisation, incentives for pushing digital penetration in rural areas, and corporate guarantee to startups for competing with other nations.
RBI's current Deputy Governor Urjit Patel got 3-year extension in January.
The government on Thursday further liberalised the foreing investment regime by allowing Foreign Investment Promotion Board to clear proposals from overseas entities worth up to Rs 1,200 crore (Rs 12 billion), against the existing limit of Rs 600 crore (Rs 6 billion).
Arvind Mayaram, economic affairs secretary at the finance ministry, also said that a fall in bulk diesel demand this fiscal year will save the government about $1 billion.
The government on Monday raised the price of ethanol for blending with fuel at Rs 27 per litre from existing Rs 21.50 per litre.
The government also sought approval from Parliament for equity infusion worth Rs 2,345 crore into struggling Air India and another Rs 1,300 crore for Air India Asset Holding.
Another roadblock to be removed from FDI path; Load on insurance chest.
6 locations in New Delhi and 2 in Mumbai were raided.
Norway-based telecom company Telenor has raised its stake in its Indian joint venture with Unitech Wireless to 60.1 percent from 49 percent at an investment of Rs 1,493 crore.
The Cabinet Committee on Economic Affairs gave its nod to the 20 per cent follow-on offer by PowerGrid, an official statement said.
Economic Affairs Secretary Ashok Chawla has been appointed as Finance Secretary in the ministry of finance with effect from Tuesday. The post of Finance Secretary fell vacant following retirement of Arun Ramanathan, who was also Secretary of Financial Services.
The Union government on Wednesday constituted a Board for Reconstruction of Public Sector Enterprises.\n\n\n\n
Following the two-tranche disinvestment, the government and the company would get Rs 8,000 crore (Rs 80 billion) each, Home Minister P Chidambaram told reporters after a meeting of the Cabinet Committee on Economic Affairs.
Russia says cash shortage is affecting the functioning of its embassy in New Delhi.
The government is planning an extensive exercise to map a "hazard line" along the country's 7,500 km coastline, from Gujarat to West Bengal. This marks the first time environmentally sensitive coastal areas will be clearly demarcated. The Rs 1,156-crore project, known as the Integrated Coastal Zone Management (ICZM) project, was approved by the Cabinet Committee on Economic Affairs (CCEA) on Thursday.
© 2026 Rediff.com - Investor Information - Advertise with us - Disclaimer - Privacy Policy - Sitemap - Feedback - About us - Terms of use - Grievances