Finance Minister

Dr. Raghuram Rajan Committee Report for Evolving a Composite Development Index of States

Report of the Dr. Raghuram Rajan Committee for Evolving A Composite Development Index of States Submitted to the Union Finance Minister ; Committee Proposes A General Method for Allocating Funds From the Centre to the States Based on Both A State™s Development Needs As Well As its Development Performance; The Report of the Dr. Raghuram Rajan… Read More

Tags: BusinessCentral bankFinance MinisterIndiaInvestingmutual fundsRaghuram RajanRun batted in

Restructuring of Loans in Public Sector Banks

The Reserve Bank of India (RBI) has informed that five complaints /representations regarding irregularities in restructuring of loans in public sector banks in the country have been received. One representation is from Institute of Cost & Works Accountants of India (ICWAI), a complaint from a Member of Parliament and three complaints are from other persons.… Read More

Tags: Finance MinisterFinance MinistryRajya SabharbiReserve Bank of IndiaRestructuringRun batted inWorking Group

India Signs Loan and Project Agreements with World Bank for US $100 Million for Low Income Housing Finance Project

The Loan and Project Agreements for World Bank (IDA) assistance of US $100 million for Low Income Housing Finance Project were signed between Government of India/National Housing Bank(NHB) and the World Bank here yesterday. The Loan Agreement was signed by Shri Nilaya Mitash, Joint Secretary, Department of Economic Affairs, Ministry of Finance on behalf of… Read More

Tags: Affordable housingfinanceFinance MinisterGovernment of IndiaIndiaNational Housing BankNHBWorld Bank

US Immigration Reforms Bill

On 27 June 2013, the United States Senate passed Bill No. S.744, The Border Security, Economic Opportunity, and Immigration Modernization Act 2013. While the current Bill is not expected to impact adversely against foreign students, including from India, Indian IT industry has raised concerns over some measures in the Bill that relate to skilled non-immigrant… Read More

Tags: Border Security: Australia's Front LineFinance MinisterIndiaInformation technology in IndiaUnited StatesUnited States CongressUnited States SenateWashington

Dr Raghuram Rajan, CEA :: The Government and RBI are Working together to address the Challenges

The Government and RBI are Working together to address the Challenges being Faced by the Indian Economy; No Magic Wand to make the Problems Disappear Instantaneously but has Absolutely no doubt that we Will Deal with them: Dr Raghuram Rajan, CEA  Dr Raghuram Rajan, Chief Economic Adviser, Ministry of Finance said that it is a great… Read More

Tags: Economy of IndiaFinance MinisterRaghuram RajanRajanrbiReserve Bank of IndiaRun batted inWand

Textiles Minister Exhorts Banks to Sort Out Sector Issues

Textiles Minister Exhorts Banks to Sort Out Sector Issues - 70,000 Weaver Credit Cards Issued Sanctioning Rs. 210 Crore Loan In order to ensure the availability of subsidised credit to handloom weavers, Union Textiles Minister Dr. K S Rao met heads of major banks here today. He was informed that around 70,000 weaver credit cards have… Read More

Tags: Andhra BankCanara BankCredit cardFinance MinisterIndiaLoomTextiles MinistryUnited Bank of India

FM to deliver Key Note Address at US-India Business Council 38th Leadership Summit

Finance Minister to Leave for Four Day Official Tour to USA Tomorrow; to deliver Key Note Address at US-India Business Council 38th Leadership Summit; to meet US Business Leaders During his Visit  The Union Finance Minister Shri P.Chidambaram will be leaving on a four day visit from 9th to 12th July, 2013 to United States… Read More

Tags: Finance MinisterGovernmentIndiaJacob LewMax BaucusP. ChidambaramUnited StatesUnited States Secretary of the Treasury

FM Speak :: Skill Development Needed to Fill the Significant Gap

Skill Development Needed to Fill the Significant Gap between the Actual Skills of Large Number of Candidates Passing Out from Various Schools, Colleges and Professional Institutions Across the Country and the Skills Needed in the Industry; Business and Corporate Houses Must Work Closely with NSDC to Achieve Theambitious Target of Providing Skills to 500 Million… Read More

Tags: BusinessFinance MinisterGovernmentGovernment of IndiaIndiaLeipzigNSDCP. Chidambaram

India Signs Loan Agreement with World Bank for US$ 255 Million for National AIDS Control Project-IV

An agreement for loan of US$ 255 million (equivalent) from World Bank for the National AIDS Control Project (NACP-IV) was signed here today between India and the World Bank. Shri Nilaya Mitash, Joint Secretary, Department of Economic Affairs, Ministry of Finance signed on behalf of the Government of India and Mr.Onno Ruhl, Country Director, World Bank… Read More

Tags: Behavior change (public health)Finance MinisterHIVIndiaMinistry of Health and Family WelfareResident RepresentativeUnited StatesWorld Bank

PM sets up Project Monitoring Group to Track Large Investment Projects

A meeting was chaired by Prime Minister Dr. Manmohan Singh, earlier this month, to discuss an institutional mechanism to track stalled investment projects, both in the public and private sectors and to remove the implementation bottlenecks in these projects on a fast-track basis. The Prime Minister directed that a special cell be created immediately in the… Read More

Tags: Cabinet SecretaryCommerce MinisterFinance MinisterJayanthi NatarajanManmohan SinghMinistriesPlanning CommissionPrime Minister

Prime Minister™s Speech at SEBI™s Silver Jubilee Celebration

Following is the text of the Prime Minister, Dr. Manmohan Singh™s speech at the SEBI™s Silver Jubilee Celebration in Mumbai today: "I am truly delighted to participate in SEBI™s Silver Jubilee celebrations. I share a very special bond with SEBI because I was the Finance Minister of India when it became a statutory body. I… Read More

Tags: financeFinance MinisterIndiaManmohan SinghMutual fundP. ChidambaramSEBISecurities & Exchange Board of India

FM Speak :: Inflation Showing Downward Trend While Foreign Inflows Are Copious

Issue of Quantitative Easing in USA, China and Japan has no Relevance at all To the Situation in India; Inflation Showing Downward Trend While Foreign Inflows Are Copious; No Need for any kind of Nervousness; Oil Subsidy Bill for this year not to Exceed Rs.80,000 Crore: FM  The Union Finance Minister Shri P.Chidambaram said that… Read More

Tags: Ben BernankeChinaFinance MinisterIndiaJapanP. ChidambaramQuantitative easingUnited States

Approval for funding Phase IV of the UIDAI

The Cabinet Committee on Unique Identification Authority of India (CC-UIDAI) today approved cost estimates of Phase IV of the UID Scheme at an estimated cost of Rs.3436.16 crore which includes various project components such as cost of enrolment for additional 40 crore residents through multiple registrars, cost of updation services, cost of printing and delivery… Read More

Tags: AadhaarFinance MinisterIndiaPlanning CommissionSchemeUIDUIDAIUnique Identification Authority of India

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