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Finmin raises serious concerns over Moody's methodology, says agency ignored reform steps

Sep 22, 2016

Finmin raises serious concerns over Moody's methodology, says agency ignored reform steps

Questioning the methodology adopted by Moody's, Finance Ministry today said the global agency has ignored reforms initiated by the government and it should not wait "till infinity" for them to take root before upgrading the country's sovereign rating. #GDP #finance ministry #NewsTracker #Moody's #Sovereign rating #Finmin #Economic Affairs Secretary Shaktikanta Das
Cabinet nod for Budget overhaul: Why Modi govt wouldn't want to meddle with Railways' autonomy

Sep 22, 2016

Cabinet nod for Budget overhaul: Why Modi govt wouldn't want to meddle with Railways' autonomy

In terms of size, the Railways is the third biggest budget (Rs 1.71 lakh crore in 2016-17) after defence (Rs 2.49 lakh crore) and infrastructure (Rs 2.21 lakh crore). #finance ministry #Arun Jaitley #Railway Budget #Railways #Union Budget #Ministry of Railways #Freight Rates #Railways autonomy
Commerce ministry for better exchange rate policy to boost exports

Sep 15, 2016

Commerce ministry for better exchange rate policy to boost exports

Worried over continuous slowdown in exports, the Commerce Ministry is pressing for better exchange rate policy, alignment of freight rates with global standards and a liberalised visa regime to boost shipments. #finance ministry #Rupee #NewsTracker #Exchange rate #exports #commerce ministry
As Tatas and Docomo slug it out, govt orders ED to probe $2.5 bn JV deal of 2009

Sep 15, 2016

As Tatas and Docomo slug it out, govt orders ED to probe $2.5 bn JV deal of 2009

The Finance ministry has asked the ED to find out whether Tata Sons violated the country's foreign exchange rules while selling a stake in its wireless unit in 2009 to the Japanese company #Enforcement Directorate #finance ministry #Delhi High Court #Tata #NTT docomo #ED #Wireless #Foreign exchange #london arbitration court
Rupee falls below 67 on report commerce ministry calls for devaluation; govt denies

Sep 15, 2016

Rupee falls below 67 on report commerce ministry calls for devaluation; govt denies

The Indian rupee fell below 67 to the dollar on Thursday after a television channel reported that the commerce ministry will propose a devaluation in the unit to the government to promote dwindling exports. #finance ministry #Rupee #NewsTracker #Government #Nirmala Sitharaman #exports #commerce ministry #Devaluation
Finance Ministry to soon circulate Cabinet note for merger of railway budget

Sep 12, 2016

Finance Ministry to soon circulate Cabinet note for merger of railway budget

The finance ministry will shortly circulate a Cabinet note to merge the railway budget with the Union Budget, advance presentation by a month and doing away with Plan and non-Plan expenditure head in the Budget #finance ministry #Narendra Modi #NewsTracker #Indian Railways #Cabinet #Rail budget
Employee provident fund may get 8.6 per cent interest in 2016-17

Sep 11, 2016

Employee provident fund may get 8.6 per cent interest in 2016-17

Over 4 crore EPFO subscribers may get a lower interest at a rate of 8.6 per cent on their PF deposits for current financial year as Labour Ministry is expected to toe the Finance Ministry line to cut the rate. #India #finance ministry #NewsTracker #Arun Jaitley #Employees' Provident Fund Organisation #Employee Provident Fund
Arun Jaitley to take final call on merger of budgets, panel submits recommendations

Sep 09, 2016

Arun Jaitley to take final call on merger of budgets, panel submits recommendations

The report is also understood to have addressed the contentious issue of annual dividend payment by the railways on account of receiving gross budgetary support #finance ministry #NewsTracker #Arun Jaitley #Ministry of Railways #Rail budget #Suresh Prabhu #General Budget
Ministry of Finance hosts farewell dinner for outgoing RBI Governor Raghuram Rajan

Sep 03, 2016

Ministry of Finance hosts farewell dinner for outgoing RBI Governor Raghuram Rajan

The finance ministry today hosted a farewell dinner in the honour of outgoing RBI Governor Raghuram Rajan, a day before he demits office. #finance ministry #NewsTracker #Raghuram Rajan #Urjit Patel
Union Budget may be advanced to 31 January; sweeping overhaul on the cards

Aug 22, 2016

Union Budget may be advanced to 31 January; sweeping overhaul on the cards

The government is of the view that the Budget exercise should ideally be over by March 31 every year as against the present practice of it being carried in two phases spread between February and May #finance ministry #Union Budget #Budget making process