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Finance Ministry to meet fintech CXOs next week to alleviate concerns

TMT

20 February, 2024

Finance Ministry to meet fintech CXOs next week to alleviate concerns

India's finance ministry will hold meetings with the country's fintech startups next week to urge them to comply with regulations ......

Centre notifies final rules on angel tax for foreign investments in private companies

General

26 September, 2023

Centre notifies final rules on angel tax for foreign investments in private companies

The finance ministry has brought out final valuation rules applicable to foreign investments into unlisted shares in India to determine ......

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

Economy

05 November, 2021

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 beat its fiscal ......

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

Infrastructure

16 March, 2021

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 domestic venture capital and infrastructure-focused ......

Govt wants RBI to buy out stressed assets of shadow banks

Finance

28 November, 2019

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 assets of ......

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

Markets

02 August, 2019

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) and automobile stocks, after ......

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

Finance

31 July, 2019

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 billion), or 61.4% of ......

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

Economy

18 February, 2019

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 rupees ($3.92 billion) ......

RBI accountable to govt, says chairman of central bank panel

Economy

10 January, 2019

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 framework set by the ......

RBI governor Urjit Patel quits amid friction with govt over autonomy

Finance

10 December, 2018

RBI governor Urjit Patel quits amid friction with govt over autonomy

Reserve Bank of India (RBI) governor Urjit Patel on Monday announced that he was leaving the post with immediate effect ......