Centre releases half of the funds to States under PMGSY in current fiscal

The Centre has released half of the funds to the States allocated under Pradhan Mantri Gram Sadak Yojana, PMGSY in the current fiscal. In a written reply, Minister of State for Rural Development, Sudarshan Bhagat informed the Lok Sabha that of the total budgetary allocation of 15,291 crore rupees ab...

India receives financial info from US under FATCA: FinMin

The Finance Ministry today said, it has received information from the US under the financial information exchange pact Foreign Account Tax Compliance Act, FATCA in the last two months. Talking to reporters, Department of Revenue Joint Secretary Akhilesh Ranjan, said government will analyze the recei...

P-Notes norms strict and robust: Sinha

Government today said the current regulatory framework on Participatory Notes, P-Notes is strict and robust and there may not be any change required in the rules at the moment. Talking to reporters in New Delhi, Minister of State for Finance Jayant Sinha said, the capital markets regulator Sebi has ...

P-Notes norms strict and robust: Sinha

Government today said the current regulatory framework on Participatory Notes (P-Notes) is strict and robust, hinting that there may not be any change required in the rules at the moment. Minister of State for Finance Jayant Sinha's comments assume significance as a Supreme Court appointed ...

US: Head of Central Bank considers higher interest rate

In US, the head of Central Bank says she expects the US job market to continue improving and the rate of inflation to rise closed to the Federal Reserve's two percent target rate. In a speech to the Economic Club of Washington yesterday, Fed Chair Janet Yellen said she expects the economic ...

6th meeting of Global Forum on Transparency & Exchange of Info for Tax Purposes today

The sixth meeting of the Group on Automatic Exchange of Information, AEOI of the Global Forum on Transparency and Exchange of Information for Tax Purposes will be held in New Delhi today. The two-day meeting will be inaugurated by Minister of State for Finance, Jayant Sinha. An official release said...

6th meeting of Global Forum on Transparency & Exchange of Info for Tax Purposes tomorrow

The sixth meeting of the Group on Automatic Exchange of Information, AEOI of the Global Forum on Transparency and Exchange of Information for Tax Purposes will be held in the national capital tomorrow. The two day meeting will be inaugurated by Minister of State for Finance, Jayant Sinha. An officia...

RBI's status quo on policy rates in line with expectations: CII

CII has said RBI's decision to maintain status quo was in line with expectations as there has already been a reduction of 50 base points in the last policy. CII Director General, Chandrajit Banerjee said the focus has now shifted to the transmission of lower policy rates to banks' ...

RBI's policy reflects very balanced approach: FinMin

The Finance Ministry has said the monetary policy reflects a very balanced approach on the part of the Reserve Bank in promoting growth and managing inflation. Talking to a private news channel, Economic Affairs Secretary Shaktikanta Das said that the RBI's announcement is on expected lines...

RBI keeps repo rate unchanged at 6.75%, CRR at 4%