The finance ministry official may have claimed that the ministry does not have information on the loans sanctioned by different banks to Mallya or the details of the guarantee given by Mallya against those loans, but the ministry had responded to questions in this regard in Parliament in the past.
'How do you deliver wealth when you don't have the slightest idea about it?' asks T C A Srinivasa Raghavan.
The ease of doing business has not picked up in a vast number of states and Union Territories.
The Centre is grappling with the question of its fiscal roadmap not only for this year but for 2018-19
Most economists were of the view that the NSSO should release the data, as any move to withhold it will dent the image of country's statistical system.
The chief minister has asked officials for the 'factual status' of the case.
Central Bureau of Investigation officers who probed cases like 2G, CWG scam and horse trading in Jharkhand Rajya Sabha elections are among the 28 from the agency awarded with prestigious the president's police medal for distinguished service and police medal for meritorious service on Republic Day.
Brokerage firm CLSA says in its interactions with government officials, measures such as the dollar-deposit scheme were under consideration.
There would be no retrenchment of employees and that their services conditions would also not be affected post merger.
In the current fiscal it is estimated to go up to 5.7 per cent.
The recapitalisation, the finance minister said, will enhance the lending capacity of state-owned banks and help them come out of RBI's Prompt Corrective Action framework.
The Centre's proposal to call for governance reform in the RBI could, however, take a back seat, a source privy to the development said.
The Ministry of Home Affairs amended its guidelines on October 12 to include the chairman, managing director or chief executive officer of each public sector bank on the list of authorities who can issue requests for opening look-out circulars against whom an FIR is yet to be filed.
Finance Secretary Hasmukh Adhia vacates his post on November 30 and Expenditure Secretary Ajay Narayan Jha, the second seniormost bureaucrat in the finance ministry, retires on January 31, the day before Jaitley presents the 2019-20 interim budget.
Since December 2018, monetary policy has been eased substantially by RBI with policy rates being cut by 75 bps and policy outlook being changed to 'accommodative'.
A total of 16 secretaries have been appointed to various central government departments.
The FM said an announcement with regard to the additional steps will be made after consulting Prime Minister Narendra Modi.
In a communication sent to Kumar, the EC asked him to be cautious in future while making statements.
The additional cash will now give the Centre more headroom for stimulating the economy.
'His (Das) approach to work seems that of working as a team with ease in communication.'
RBI may also be open to injecting liquidity through open market purchases of bonds but is resisting relaxing capital buffers for banks.
'From the investor's point of view, a real change would happen only when business environment in all our states qualitatively improves,' says NITI Aayog Vice-Chairman Rajiv Kumar.
This is the third arrest made by the STF in the case.
Sitharaman further said that to mitigate genuine difficulties of start-ups and their investors, government has decided to withdraw angel tax provisions for them.
BoB now has over 9,500 branches, 13,400 ATMs, 85,000 employees to serve 12 crore customers.
The Bahujan Samaj Party has resisted giving up the bungalow on 13-A, Mall Avenue, saying that it had been converted into a memorial to Kanshi Ram in 2011, and the BSP leader occupied just a small portion of it.
The combined entity is set to be the third largest bank in India, behind State Bank of India and ICICI Bank.
Several police officers who followed the Election Commission's orders during the recent West Bengal assembly polls get punishment transfers. Payal Mohanka reports.
'Our strategy should be to 'hold the line' in the north on the Sino-Indian land frontier, but maintain and, if possible, enlarge India's current edge in the maritime south.'
The EC issued a show cause notice to CM and Trinamool Congress supremo Mamata Banerjee for allegedly violating the model code of conduct.
The National Democratic Alliance government has asked states to emulate the Gujarat water management model to address the problem of water scarcity.The Centre has forwarded a compact disc received from Gujarat government's Water and Sanitation Management Organisation on the subject "The state-wide water supply grid" to the states to study how the Bharatiya Janata Party-ruled state managed the problem of water scarcity.
After the Insolvency and Bankruptcy Code came into force, which calls for an auction of assets of loan defaulting entities, recoveries have picked up, said Jaitley.
The finance minister has labelled about 65 per cent of the fuel excise revenue as cess, including the restructured road and infrastructure cess
Recalibrating data of past years using 2011-12 as the base year instead of 2004-05, the Central Statistics Office estimated that India's GDP grew by 8.5% in the financial year 2010-11 and not at 10.3% as previously estimated.
The first task before him is to get used to the idea of working with the Monetary Policy Committee
February 6 or 8 likely options; development will be the main theme
As regular promotional discounts and offers rolled out by well-funded apps determine the demand trend, online hospitality aggregators face growing discontent from restaurants and hotels over commissions and pricing power.
Modi made a strong case for a partnership between the producers and consumers in the oil market as it exists in other markets.
A key hindrance to a faster turnaround of these banks is the slow progress in the resolution of legacy bad loans and the need to build up provisions against those assets.
The government plans to raise resources to finance capital spending beyond the Rs 3.10 lakh crore budgeted for 2017-18 through higher borrowing or divestment receipts.
