The finance ministry and the RBI have performed many somersaults in these last 42 days.
Gross NPAs of public and private sector banks stood at Rs 2.41 lakh crore and 26,571 crore respectively.
The Ashok Lahiri committee on tariff structure for crude oil and petroleum products is likely to submit its report by December 31 this year, Minister of State for Finance S S Palanimanickam said on Monday.
Life Insurance Corporation has sanctioned Rs 400 crore (Rs 4 billion) loan to Jet Airways for fleet acquisition, Minister of State for Finance S S Palanimanickam said on Tuesday.
Dravida Munnetra Kazhagam leader S S Palanimanickam on Wednesday assumed office as Minister of State for Finance.
The a/c holder will have to mention the date of opening of foreign a/c.
FM is likely to raise tax slabs.
Show-cause notices have been issued to 18 multinationals including Samsung, LG, Daewoo Motors, Japan Airlines and Marubeni for alleged violation of foreign exchange regulations, Rajya Sabha was informed on Tuesday.
Friday cut the import duties on non-alloy steel by five per cent and 10 per cent on ships for breaking, as part of fiscal measures to stem inflation surging towards 8 per cent.\n\n
Arun Jaitley addressed a post-Budget press conference.
Taking a cue from neighbouring Gujarat and its successful Vibrant Gujarat summit, Maharashtra has organised a conclave -Transforming MMR into a Global Financial, Commercial and Entertainment Hub - on February 6.
Standard and Poors', the international rating agency, has affirmed its 'BB/B' foreign currency and 'BB+/B' local currency sovereign ratings for India with negative outlook.
The government is working out the modalities for enhancing foreign direct investment limit to at least 74 per cent in banks and assured it would have no impact on ownership control and regulation of the public sector banks.\n\n\n\n
The government has cleared 408 foreign direct investment proposals involving Rs 3,025 crore (Rs 30.25 billion) in the first half of this fiscal, the Lok Sabha was informed on Friday.
The government on Tuesday said the IMF had expressed concern about sustainability of India's fiscal situation and debt position.
Earlier, maverick right-winger Subramanian Swamy had demanded the sacking of Jaitley's top aide
The party said it hoped that Ramachandran would be reinducted into the government just Defence Minister George\n\nFernandes's was after the Tehelka scam.
He is the first Hungarian PM to visit India in 29 years.
Mumbai has the most number of millionaires in the country with as many as 18,939 individuals declaring income of over Rs 10 lakh to the Income Tax Department, the Rajya Sabha was informed on Tuesday.
Government is considering conversion of the country's biggest financial institution, IDBI, into a bank, Minister of State for Finance Anandrao Adsul said on Monday.
The government is working on a proposal of a mega merger of country's three leading financial institutions IDBI, IFCI and IIBI.
The questioning of Ramachandran comes barely two days after he took over his portfolio.
Raghuram Rajan is said to have informally written to select policymakers and experts, to curb 'unnecessary' speculation over his future at RBI.
The Industrial Development Bank of India will be merged into its subsidiary IDBI Bank, in a reverse merger on similar lines as the merger of ICICI into its subsidiary ICICI Bank.
The government is examining a proposal for the merger of IDBI with the IDBI Bank, Union Minister of State for Finance Anandrao Adsul said in Jaipur on Friday.
18 MNCs have been issued show cause notices by the Enforcement Directorate for paying salaries abroad to their foreign national employees working in India without the RBI's permission.
Shiv Sena leader and Heavy Industries Minister Balasaheb Vikhe-Patil on Saturday resigned from the Union Cabinet.
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