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Finance Ministry

Finance Ministry asks PSU banks to act swiftly to deal with NPAs

NPAs of PSBs have increased to Rs 7.33 lakh crore as of June 2017, from Rs 2.78 lakh crore in March 2015.

14 Nov 2017 9:03 AM IST

Consumer inflation for the month of October surged to 3.58 per cent as against 3.28 per cent in September. (Photo: PTI)

Consumer inflation climbs up to 7 months' high of 3.58 per cent in...

This uptick in prices reduces further chances of a rate cut by the RBI in its monetary policy review meet in December.

13 Nov 2017 5:53 PM IST

India is demanding millions of dollars in dividends from 12 reluctant state companies to make up for an expected tax revenue shortfall this fiscal year.

India seeks hefty dividends from state-run firms as tax revenues...

India's federal budget is under pressure this year following an unexpected slump in economic growth.

13 Nov 2017 4:27 PM IST

Data released by industry bodies Nasscom and Assocham has revealed the city has about 14 per cent of the 900 major R&D units in the IT and ITeS sectors in the country.

Reservation in private sector to dent investment climate: Assocham

Any political narrative on reservation in the private sector would bring in a big blow to the Indian economy, said...

13 Nov 2017 3:24 PM IST

At NSE, shares of Infosys slipped 1.21 per cent to Rs 915.25.

GSTN glitches: CAIT to move court against Infosys if govt takes no...

The CAIT said GST portal has brought much harassment and mental agony to traders by its non-smooth functioning,

13 Nov 2017 12:39 PM IST

More than 800 companies listed on the National Stock Exchange (NSE) would be required to reconstitute their board if the Securities and Exchange Board of India (Sebi) implements the recommendation of the Uday Kotak committee on corporate governance.

P-notes hit 8-year low on strict rules

Investment made by FPIs through P-Notes has slumped to Rs 1.23 lakh crore as on September 2017, its lowest level since...

13 Nov 2017 1:02 AM IST

Arun Jaitley addresses the media in New Delhi on Tuesday

Capital infusion will help banks to lend MSMEs: Arun Jaitley

Wants public sector banks to become robust enough to sustain itself.

13 Nov 2017 12:59 AM IST

Commercial banks charge the state governments for every transaction. Officials said it was not clear whether the RBI would charge for transactions through the e-Kuber portal.

No Islamic banking in India, equal opportunities for everyone: RBI

Islamic or Sharia banking is a finance system based on the principles of not charging interest.

12 Nov 2017 11:50 AM IST

Foreign portfolio investors (FPI) have pulled out more than Rs 7,300 crore from the equity markets in August. Photo: PTI

FPI inflow in equities at USD 1.5 billion in November so far

According to depository data FPIs infused a net sum of Rs 9,710 crore in equities during Nov 1-10.

12 Nov 2017 11:29 AM IST

The total value of P-Notes investment in Indian markets -- equity, debt and derivatives -- fell to Rs 1,79,648 crore in November-end, from Rs 1,99,987 crore at the end of October.

P-notes investment drops to 8-year low of Rs 1.23 lakh crore

Of total investments in September, P-note holdings in equities were at Rs 91,160 crore.

12 Nov 2017 11:11 AM IST

RBI on Wednesday kept repo rate unchanged at 6 per cent. (Photo: AFP)

RBI remains net buyer of greenback in Sep, snaps up $1.3 bn

RBI intervenes in the foreign market to contain volatility in the rupee and not set a price band.

12 Nov 2017 11:06 AM IST

Automobile industry had approached the GST Council and government seeking to reconsider keeping the category at 28 per cent plus 15 per cent cess. (Representational image)

Major IGST share comes from auto sector: Telangana finance official

States with less than 14 per cent revenue growth are eligible for compensation.

12 Nov 2017 1:08 AM IST