finance ministry


Steps to deal with rising petrol, diesel prices likely this week

May 22 2018

Facing "crisis situation" created by rising fuel prices, the government is likely to come out with "some steps" this week to deal with record high petrol and diesel rates, a senior official said.

'German economy in strong upswing despite first-quarter slowdown'

May 22 2018

German economy is in a strong upswing despite data showing growth in Europe’s largest economy was weaker in early 2018 than in late 2017, the finance ministry said.

FinMin asks BBB to shortlist Allahabad Bank CEO, MD

May 21 2018

"We have written to BBB to shortlist candidates for the vacant post of Managing Director and Chief Executive Officer at Allahabad Bank," a finance ministry official said.

Finmin not seeking relaxation of RBI's PCA framework

May 21 2018

The FinMin is not seeking any relaxation from RBI in its prompt corrective action framework and has asked banks to adopt differentiated business strategy, official said.

Finmin ties up with 40 entities to extend funding under Mudra scheme

May 21 2018

The finance ministry has tied up with 40 entities for extending loans to small entrepreneurs under the Mudra scheme.

Finmin expects banks to get back over Rs 1 lakh cr

May 20 2018

Enthused by successful conclusion of Bhushan Steel case, the Finance Ministry expects banks to write back more than Rs 1 lakh crore after the resolution of all 12 NPA.

Germany sees migration-related spending of 78 bn euros through 2022

May 19 2018

Germany expects to spend around 78 billion euros on migration-related issues through 2022, Der Spiegel magazine reported on Saturday.

Free banking services out of GST net: FinMin official

May 15 2018

Free banking services like cheque book issuance and ATM withdrawals is likely to remain out of the ambit of the GST, a senior finance ministry official said.

PM reshuffles cabinet; Irani removed as I and B Minister

May 14 2018

Smriti Irani, whose tenure as I and B was mired in controversy, was tonight divested of the portfolio as PM Modi reshuffled his cabinet in which Goyal was given the additional charge of the Fin Min.

FinMin mulling innovative ways to deal with banks' NPA provision

May 13 2018

Under this scheme, the bank concerned will get PSC to the extent of its provision against the bad loans and conserve its capital, sources said.

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To Consider Fund Raising Via Shares, Bonds On May 24


Adani-Wilmar JV Competes Patanjali To Buy Entire Stake Of Co

Deal Valued At Around Rs 5,000 Cr

Economic Times Reports


Fortis Faces MCA Probe ahead of EGM

Director General to look into mismanagement charges

3 Directors nominated by promoters to quit the Board on May 22

Govt may take over the co if mismanagement reported

Business Standard Reports


Bharti's Cedar Svcs May Sell Stake Of 9.23% In Future Retail & Ent

Deal Size Valued At Rs 2,500 Cr

Economic Times Reports


Acquires Foodworld Supermarkets At Rs 40 Cr

Foodworld OSouthern India

Expects acquisition to be completed within 10-12 weeks

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