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FINANCE MINISTRY
Budget-making team of Finance Ministry short of two key officials
The budget for 2020-21 to be presented on February 1 is keenly awaited for the expected second wave of structural reforms for pulling out the economy from its over six-year low growth. In addition to expenditure secretary, the position of joint secretary, one of the key officials in the entire Budget-making process, is also vacant for almost three months.
RBI writes to Fin Min seeking changes in Banking Regulation Act
The Reserve Bank of India (RBI) has written to Finance ministry seeking chang...
Robots in finance could wipe out some of its highest-paying jobs
The use of algorithms in electronic markets also poses a challenge for regul...
The 50/30/20 rule for managing personal finances
How should your income be divided among necessities, luxuries and savings? Luckily, there's a thumb rule.
Hafiz Saeed gets brief breather in terror financing trial, next hearing on December 11
The Anti-Terrorism Court has now fixed Dec 11 as date for framing the charges against the founder of Lashkar-e-Taiba and other co-accused Malik Zafar Iqbal. Saeed was brought to the court amidst high security from Lahore's Kot Lakhpat jail. The Counter Terrorism Department of the Punjab Police had registered 23 FIRs against Saeed and his accomplices.
Personal finance takeaways from RBI monetary policy review
RBI maintained status quo on key rates, surprising many. ET Online’s Shambhavi Mehrotra gives to lowdown on what this means for borrowers an...
15th Finance Commission to incentivise states for adopting agricultural reforms
The commission, on Thursday, submitted its report for financial year 2020-21 to the President for further necessary action. The recommendations will be effective from next financial year.
Payment banks can convert into small finance banks after 5 years
A minimum Rs 200 crore net worth is needed for the license of small finance bank, RBI said.
NPAs have stabilised and have come down, not gone up: Ramesh Iyer, M&M Finance
We would definitely see H2 turn out to be much better than what we have seen in the past. The festival season was good and even November was good in retail sales. December seems to be promising. We do not have any major issues as far as growth is concerned -- in terms of volumes as well as AUM going forward.
MNRE misses capacity addition targets; 175 GW by 2022 in peril: Parliamentary Panel
The Parliamentary Standing Committee on Energy has also asked the ministry to take up the issue of ambiguity and disputes related to GST on renewable energy devices with the finance ministry at the earliest. This is the panel's first report, which was tabled in Parliament on Friday.
Hear Bajaj Finance plea: SAT to Sebi
Bajaj Finance’s petition before SAT on Monday had called on Sebi to hear its concerns.
From farm to home, M&M Financial is doubling down on digital sales
M&M Financial cleverly evolved its business model to be on the right side of the evolving rural India scene.
GST structure to be reviewed on revenue concerns
Move comes against the backdrop of states complaining about Centre delaying compensation payments.
Modi put a Finance Minister who has no idea about economics: Rahul Gandhi
Congress leader Rahul Gandhi on December 05 lambasted at Finance Minister Nirmala Sitharaman over country’s falling economic growth. He said...
Finance Ministry wants RBI to take over stressed assets of NBFCs
FinMin and RBI are discussing a new scheme to unburden stressed assets from top 25 NBFCs.
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