However, for CPSEs like Air India, which are relatively bigger in size, the timeline for completion of strategic sale is likely to be fixed at 6 months from the date of issuance of Preliminary Information Memorandum (PIM) about the company.
Staging a protest against operational “mismanagement” post demonetisation decision, the Reserve Bank of India (RBI) officials on Friday wrote to Governor Urjit Patel. In a letter, they said autonomy and image of RBI has been
New Delhi: Encouraged by the good response to the stake sale in SAIL, the Finance Ministry on Wednesday hoped that the momentum will continue and future stake sale of PSUs would be lapped up by
Mumbai: Financial Services Secretary G S Sandhu today ruled out higher fund allocation in the forthcoming budget to recapitalise state-owned banks. “Not in this budget. If there is any urgent requirement, the government is always
New Delhi: In a bid to boost the mutual fund industry, market regulator Sebi has requested the Finance Ministry to consider various tax sops and other measures for investors and a final decision in this
New Delhi: The Finance Ministry has asked public sector banks to step up efforts for mobilising low-cost CASA deposits and focus on recovery in a bid to improve their financial performance. “Banks have been asked to
New Delhi: As part of the strategy to contain bad debts, the Finance Ministry has directed all public sector banks to accord top priority to cases of fraud and wilful default and take legal action
New Delhi: The Finance Ministry on Wednesday described the sharp fall in the value of the rupee as a reflection of "irrational sentiment" and said there is no need for panic."This is an irrational sentiment.
New Delhi, May 22: Finance Ministry today agreed to dole out a record Rs 100,000 crore towards diesel and cooking fuel subsidy in 2012—13 but wants pricing formula to be changed from current year to
New Delhi, Jan 11: The Revenue department on Friday sent a reply to the Vodafone's representation on Rs 11,200 crore tax issues and also expressed its willingness to discuss the matter with company officials.“Finance Ministry
New Delhi, Jan 9: The Finance Ministry on Wednesday said it is not worried about the threat of ratings downgrade by global agencies like Fitch as it is moving on the right track and will
New Delhi, Jan 8: The Finance Ministry today said it is not worried about the threat of ratings downgrade by global agencies like Fitch as it is moving on the right track and will restrict
New Delhi, Mar 21: British telecom major Vodafone will have to pay over Rs 11,000 crore tax, once the amendment to change the Income Tax Act is approved by Parliament, a Finance Ministry official said
New Delhi, Jan 15: As fake currency continues to be pumped illegally into the country, a latest government report states that there has been a 400 per cent increase in such counterfeit transactions in Indian's
New Delhi, Dec 13: Broadening its probe in overseas black money cases, the Finance Ministry has decided to write to tax havens and other countries to obtain past information of banking-related transactions in select cases.
New Delhi, Nov 21: The finance ministry today said the ability of the Reserve Bank to intervene in the forex market to arrest the fall in rupee is limited, even as the Indian currency declined
New Delhi, Oct 16: Two key economic regulators of the country -- Finance Ministry and Reserve Bank of India (RBI) -- do not have any information about the the consumption of unaccounted gold in the
New Delhi, Sept 19: The Finance Ministry has set up a special investigation unit to “regulate” the funding and donations made to political parties.The unit recently got approval from the office of Finance Minister Pranab
New Delhi, June 8: Facing flak from civil society for not doing enough to deal with the menace of black money, the government today announced setting up of another panel to suggest ways to trace
New Delhi, Dec 12 (PTI) The Finance Ministry has begun its maiden investigation into over 100 offshore "financial structuring deals" undertaken by Indian business entities in foreign tax havens to allegedly evade the taxman's net.
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