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Finance


Rejecting the central government’s role in the resignation of Reserve Bank of India Governor Urjit Patel, Finance Minister Arun Jaitley said Tuesday that the government did not ask him to step down from his post.  “The government never called for his resignation,” Jaitley said at an event, according to a PTI report. The finance minister …

The chief of the capital market regulator on Tuesday expressed related about the slow pace of initial public offerings (IPOs) hitting the market despite approval for filings worth around Rs. 60,000 crores ($8.43 billion). However, Ajay Tyagi, the chairman of Securities and Exchange Board of India (Sebi), cautioned that pricing of IPOs should be done …

Addressing that further simplification of the Goods and Services Tax is on the anvil, Prime Minister Narendra Modi said his government wants to ensure that ’99 percent things’ attract sub-18 percent GST slab. Before implementation of the GST, registered enterprises only numbered 65 lakh, which has now increased by 55 lakh, Modi said, addressing the …

Rahul Gandhi said today that he would not let Prime Minister Narendra Modi “sleep or rest” till he gave a reprieve to farmers, holding up as an instance that his party’s new governments in Madhya Pradesh and Chhattisgarh, which he said have announced farm loan waivers within six hours. The third state, Rajasthan, will also …

Defence Minister NiramalaSitharaman on Monday stated that the Congress was “knowingly” misleading people over the pricing of Rafale jets. pointing out at the Gandhi family for alleging corruption in the defense contract, she said that they showed “amazing audacity” by not listening to the Supreme Court’s verdict in the case. “The Congress is knowingly misguiding …

After the center requested the Supreme Court to fix a “factual error” in its judgment that gave the government a clean chit on the Rafale deal for 36 fighter jets from France’s Dassault, the opposition stated that the ruling BJP allegedly gave “wrong information” in the documents asked by the top court. Congress MP Sunil …

The growing involvement of the government in the affairs of the country’s central bank is a negative for the ratings of giant Asian economy’s banking system, S&P Global said on Monday. “S&P Global Ratings sees as credit negative the circumstances leading to the recent resignation of Urjit Patel, governor of the Reserve Bank of India …

Prime Minister Narendra Modi on Monday stated a $1.4 billion aid for the Maldives following his meeting with President Ibrahim Mohamed Solih to bail out the island country from an economic crisis. The two countries also have written four pacts, including one on visa facilitation. In his second meeting with Solih in a month, Modi …

The rupee appreciated by 16 paise to 71.74 against the US dollar in early trade Monday at the interbank foreign exchange, amid weakness in the greenback against some currencies overseas and a higher opening of domestic equities. Forex traders stated increased selling of the American currency by exporters and banks and sustained foreign fund inflows …

CLAIMING THAT a review by the Comptroller and Auditor General (CAG) was “not proper” to the Supreme Court’s conclusions on the Rafale deal, Finance Minister Arun Jaitley aimed the Congress in a blog Sunday, calling the main Opposition party “bad losers” who are “now manufacturing further lies about the judgment”.  “The CAG review is not …

Prime Minister Narendra Modi on Saturday welcomed the strengthening of the bond between India and France in areas such as defence, space, counter-terrorism, maritime security, and civil nuclear cooperation. He also conveyed his condolences to the families of the victims of the current terror attack in Strasbourg and said that India stands with France in …

The government will focus more on debt management compared to its present focus on fiscal deficit for the next few years, as there is a “huge overhang of public debt”, Economic Affairs Secretary Subhash Chandra Garg said on Saturday. Talking at the Annual General Meeting of the Federation of Indian Chambers of Commerce and Industry …