The government has proposed to buyback 24 illiquid Government of India securities (g-secs) of Rs 80,000 crore (Rs 800 billion) face value from banks and public financial institutions.
India's top financial bureaucrat denied on Monday that the government was seeking dollar loans to repay some of its offshore debt.
The government on Friday warned that fiscal deficit was hindering growth despite strong economic situation prevailing now with high forex reserves, surplus food-grains and low inflation, while asking regulators to plug the loopholes to make the marke
The government does not plan to change interest rates and is concerned about falling rates for pensioners, the country's senior-most financial bureaucrat said on Wednesday.\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n
Finance Secretary S Narayan said on Tuesday that the government was considering repaying more of its foreign debts.
Foreign lenders to bankrupt Enron Corp's $2.9 billion Dahbol power plant want to pull out from the venture after endless bureaucratic delays to revive the stalled project.
The Unit Trust of India will issue government-guaranteed bonds to US-64 unit holders in May carrying a tax-free coupon rate of 6.75 per cent, the government said.
Prime Minister's Office on Friday said it was confident that the country would be able to record 6.5 per cent economic growth during the current financial year, but expressed concern over rising fiscal deficit.
With all states barring Maharashtra and West Bengal agreeing to exchange high cost interest bearing bonds with softer loans, the Centre will start the debt swap very soon.\n\n\n\n
Finance Secretary S Narayan has been appointed as secretary in the Prime Minister's Office, official sources said in New Delhi on Wednesday.\n\n\n\n
Dressed in pink, her hands flying about in eloquent gestures, excitement on her face, Indrani made quite a picture. There was pin-drop silence as she made strong points about why nothing in the hearings had uncovered anything against her. She spoke about there being "Not a shred of evidence... No scientific evidence because it didn't happen!"
Without bringing sound governance and technical capabilities into the RBI's work, injecting new money sets the stage for a next wave of bad behaviour by banks, warns Ajay Shah.
A long crisis with a lack of sound short-term, long-term actions can result in sluggish growth in India, similar to that in Japan.
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