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finance ministry

India to use revenue surge to fund welfare drives, not beat fiscal deficit target - sources

Economy

India to use revenue surge to fund welfare drives, not beat fiscal deficit target - sources

India will utilise a big bump in revenue collection to fund welfare programmes instead of trying to ...

Govt allows private provident funds to invest in domestic VCs, infrastructure funds

Infrastructure

Govt allows private provident funds to invest in domestic VCs, infrastructure funds

The government of India has opened the door for “recognised provident funds” to invest in ...

Govt wants RBI to buy out stressed assets of shadow banks

Finance

Govt wants RBI to buy out stressed assets of shadow banks

India’s finance ministry wants the Reserve Bank of India to set up a fund to buy out stressed ...

Sensex records worst weekly fall in three weeks on poor earnings, hawkish Fed

Markets

Sensex records worst weekly fall in three weeks on poor earnings, hawkish Fed

Indian shares reversed course and ended higher on Friday, led by gains in information technology (IT...

Fiscal deficit crosses 61% of budgeted target in first three months of 2019-20

Finance

Fiscal deficit crosses 61% of budgeted target in first three months of 2019-20

India’s fiscal deficit in the three months ending in June stood at 4.32 trillion rupees ($62.80 ...

RBI to transfer interim surplus of nearly $4 bn to govt

Economy

RBI to transfer interim surplus of nearly $4 bn to govt

The Reserve Bank of India (RBI) on Monday decided to transfer an interim surplus of 280 billion ...

RBI accountable to govt, says chairman of central bank panel

Economy

RBI accountable to govt, says chairman of central bank panel

The Reserve Bank of India is accountable to the government and should make policies within the ...

RBI governor Urjit Patel quits amid friction with govt over autonomy

Finance

RBI governor Urjit Patel quits amid friction with govt over autonomy

Reserve Bank of India governor Urjit Patel on Monday announced that he would be leaving the post ...

Govt may create 'bad bank' to deal with stressed assets of PSBs

Economy

Govt may create 'bad bank' to deal with stressed assets of PSBs

India has set up a panel of experts to explore mechanisms for resolving the burgeoning bad debts ...

Finance ministry likens cryptocurrencies to Ponzi scheme, warns investors

TMT

Finance ministry likens cryptocurrencies to Ponzi scheme, warns investors

India’s finance ministry on Friday cautioned investors about the risks of trading in ...