Finance ministry officials estimate the RBI has at least Rs 3.6 lakh crore more capital than it needs, which they say can be used to help bolster the banks.
Public debt accounted for 89.3 per cent of total outstanding liabilities at end-September 2018 with the share of internal debt being 82.9 per cent.
The report comes days after a group of economists including former RBI governor Raghuram Rajan, pitched for doing away with farm loan waivers.
GST not just made India one market, it also did away with tax-on-tax prevalent in the previous system.
Rating agencies have raised concerns over the level of public debt and refrained from upgrading the sovereign rating of the country.
IL&FS has set a base price of a little less than Rs 9 crore for these vehicles.
It is not expected to raise funds through issue of shares this year as the borrowings along with internal resources and several other steps will enable the firm to fund the Rs 14,000 crore buyout as well as manage the capitalisation issue.
Taxmen are considering putting in place an extensive plan to hunt for missing GST taxpayers.
Commercial Taxes Commissioner M.S.Srikar, in a press release, said these registered dealers owe about Rs 10 crore in taxes.
Central Board of Indirect Taxes and Customs (CBIC) member John Joseph said despite the electronic way or E-way bill mechanism there has been rampant evasion and there is a need to increase compliance.
Collections added to Rs 6.75 lakh crore while refunds amounting to Rs 1.23 lakh crore have been issued during April-November, which is 20.8% higher than refunds issued during the same period last year.
The gap between the forward and other castes is becoming wider over the years, according to a World Inequality Database study.
Arvind Subramanian says that deploying capital is a decision for the RBI to take which it must do "voluntarily and proactively without even the whiff of interference from outside". Listen in to his candid interview as he sat down with our Executive Editor Supriya Shrinate for a free-wheeling chat.
The minister has held multiple meetings with several global sovereign wealth funds, insurance funds and pension funds from various countries to attract investments in India.
Stressing on the need for the Reserve Bank to function in an autonomous way, he also hit out at the recent "politicisation" of the issue, saying it is detrimental to the country's interests.
India's normal rate of growth is 7.5-8 per cent and the country will continue to grow at this rate, despite some deviation in one or two quarters, Jaitley said.