Shipping ministry not opposed to SCI strategic divestment: Secretary
The Shipping Ministry in 2017 had opposed the proposal of the strategic divestment of SCI, but has now agreed to the proposal of the group of secretaries for dilution of stake in the SCI.
Private players to get more level-playing field: Union power secretary
Government is looking at regulation closely which will help innovation...
US treasury secretary to hold talks in India as pressure builds on Iran
US Treasury Secretary Steven Mnuchin will visit India as part of a to...
Committee of Secretaries to suggest measures to mitigate financial stress in telecom sector
While the terms of reference of the panel do not explicitly mention the SC ruling of October 24, it has been asked to look at suggestions for deferring of payments for spectrum as well as re-look at the obligation to fund a universal service fund.
15th Finance Commission likely to get 6-month extension
The additional Terms of Reference being worked out would likely seek a rollover of the current devolution pattern for one more year. The commission’s tenure was originally set to end in October but the President extended it to November 30 in July.
Sanjeev Nandan Sahai takes charge as Power Secretary
"Sanjeev Nandan Sahai assumed charge as Secretary, Ministry of Power here today. Prior to this, he was serving as the Special Secretary in the Ministry of Power," the ministry said in a statement. Sahai, a UT cadre IAS officer of 1986 batch, has held several other important positions in the Union as well as state governments.
City of London explores steps to 'supercharge' India's green finance sector
In a report titled 'Untapped Potential: Supercharging Green Finance in India', City of London Corporation alongside the Federation of Indian Chambers of Commerce and Industry (FICCI) explores the opportunities and challenges for sustainable finance in India.
On note ban anniversary, a former finance ministry official wants Rs 2,000 demonetised
S C Garg said the Rs 2,000 note, which the Modi govt brought, were being hoarded & should be demonetised.
Union agriculture secretary under scanner in Rs 2,267-crore DHFL scam
Agarawal, a 1984-batch IAS officer and the agriculture secretary since October last year, was the chairman of UPPCL as well as the UP Power Employees Trust from 2013 till May 2017. According to the initial investigation, Agarawal and four other officers signed on the decision to invest in the debt-ridden DHFL at a meeting held on March 22, 2017.
Government following glide path on fiscal deficit: DEA Secretary
According to the budget documents, the government's total expenditure is anticipated to grow at the rate 13.4 per cent, whereas the total non-debt receipts are projected to grow by 14.3 per cent. The government intends to gradually bring down fiscal deficit towards the target of 3 per cent of the GDP by March 31, 2021.
Secretaries' group to meet on Monday, discuss Air India EoI
Recently, the cabinet approved new process for strategic disinvestment making possible stakeholder consultation before inviting bids. So far, the process didn't allow for stakeholder consultation before the govt issued EOI.
Odisha to work with IMF on multi-year budgeting system
A team of the IMF met with top officials of Naveen Patnaik’s government recently to review the state’s Public Finance Management system. Under a tripartite agreement, the IMF's South Asia Training and Technical Assistance Center is helping state to move towards a multi—year budgeting system based on more real and forward looking fiscal projections.
Finance minister Nirmala Sitharaman to meet infra secretaries, PSU heads
The meeting with secretaries to the ministries is scheduled for Friday, while heads of PSEs will meet her on Saturday, sources told ET.
Unconventional ways led to ‘punishment’ postings: SC Garg
Garg said he “tried to be a true civil servant” and took all decisions in the larger public interest. “I was able to take and implement bold and sometimes unconventional decisions throughout my career, which might not have kept my bosses in good humour sometimes,” he said in the note that also outlined his future plans.
Finance Secretary to review banking issues next week
The meeting comes against the backdrop of Finance Minister Nirmala Sitharaman announcing various measures to push economic growth.
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