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In the week ahead of the just-concluded meetings of the Group of Twenty (G-20) nations at Cannes, two events unfolded. First, Japan intervened in the currency market to shore up the yen, taking financial markets by surprise. Second, even more unex
India’s Parliament is expected to take up a Bill for discussion in the ensuing winter session that will govern microfinance institutions (MFIs). When it becomes law, the Micro Finance Institutions (Development and Regulation) Bill will give
To attract foreign funds in infrastructure, the Reserve Bank of India (RBI) on Thursday made investment in infra debt papers easier. Foreign institutional investors (FIIs) can now sell their investments in infrastructure bonds up to $5 bi
The Reserve Bank of India (RBI) wants India Infrastructure Finance Co. Ltd (IIFCL) to focus on direct lending and restrict the refinancing business as it raises the cost of funds for end borrowers. State-owned IIFCL provides credit for infrastru
Following is the text of the speech of Union Finance Minister, Shri Pranab Mukherjee delivered, here today at the Ninth India Today Chief Minister’s Conclave: “It gives me great pleasure to be here for the Ninth India Today Chief Min
As a part of the Vigilance Awareness Week being observed from 31st October to 5th November, 2011, the Central Board of Excise and Customs (CBEC),Ministry of Finance, organized an interaction with officers and staff, here today. This was presided o
The threat of a Greek exit from the euro zone hung over a meeting of G20 leaders on Thursday after France and Germany made it clear that Athens must decide urgently whether it wants to stay in the 12-year-old currency bloc. The summit on the Fre
The Task Force on an IT strategy for PDS submitted its report to the Finance Minister today. Following the announcement by the Finance Minister in his Budget Speech for 2011-12, the Task Force on Direct Transfer of Subsidies on Kerosene, LPG and
During the Vigilance Awareness Week, Department of Financial Services, Ministry of Finance organised a full day Conference of Chief Vigilance Officers in Public Sector Banks, Public Sector Insurance Companies and Financial Institutions, here today
LIVE Form 10 B and Form 10BB: Handle Tax Audit Reports of Charitable Organizations(with recording)
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