Thailand's Finance Ministry said the central bank has bought about $15 billion so far this year to support the falling greenback....
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finance ministry has quietly junked a proposal from the Airports Authorityof India (AAI) to issue tax-free bonds to raise Rs 5,000 crore. With noindication of finance ministry approving the proposal, AAI is gearing up toexplore other options to fund expansion of the Chennai and Kolkata airports, andupgradation of a large number of non-metroairports.“The civilaviation ministry had approached North Block...
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proposal by the Union home ministry to modernise and reform overcrowded jails in India with an investment of Rs 4,000 crore (Rs 40 billion) in the next few years has been shot down by the Union finance ministry.The home ministry had moved the ambitious proposal for the finance ministry’s clearance following demands by various states facing serious problems in augmenting their jail facilities.The proposal...
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concerns rise over sharp rise inflow of foreign funds to India, the government will set up a joint committee under the finance ministry and Reserve Bank of India (RBI) to make recommendations on the introduction of a mechanism for auctioning external commercial borrowings (ECBs) to corporations.To be headed by the joint secretary (capital markets), in the finance ministry, KP Krishnan, the committee...
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Power Secretary H S Brahma today said the Ministry would soon approach the Finance Ministry for abolition of service tax on power transmission that could benefit end consumers by way of lower tariff."We took it up (the issue of abolition of service tax) with the Finance Ministry once but the response was not great. We are going to take it up soon," Brahma told reporters on the sidelines of a CII event...
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NEW DELHI: Power secretary HS Brahma on Monday said the ministry would soon approach the finance ministry for abolition of service tax on power transmission that could benefit end consumers by way of lower tariff. “We took it up (the issue of abolition of service tax) with the finance ministry once but the response was not great. We are going to take it up soon,” Brahma told reporters on the sidelines...
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Finance Ministry is understood to have supported Anil Ambani group's plans to raise $1.1 billion of overseas loans for power business and suggested to the RBI that entities should not be denied a nod on account of alleged violations by end use of funds by other group firm.Anil's group firms had sought permission to raise over Rs 5,000 crore for two power projects and in this connection are understood...
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NEW DELHI: In a move that comes as a relief for Indian companies in which top banks like HDFC Bank and ICICI Bank hold stake, the department of industrial policy & promotion (DIPP) has rejected a proposal from the finance ministry that Foreign Investment Promotion Board (FIPB) clearance should be made mandatory for such investments in the case of sectors like telecom and insurance which are subject...
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MUMBAI: Corporation Bank, Andhra Bank and Dena Bank, are the hot favourites takeover targets among the large PSU banks which met the Finance Ministry officials on Wednesday. Chiefs of Punjab National Bank, Canara Bank, Union Bank of India, Bank of India and Bank of Baroda met Finance Ministry official to discuss the pros and cons of consolidation among banks in India. Sources from banking industry,...
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Finance Ministry is understood to have supported Anil Ambani group's plans to raise $1.1 billion of overseas loans for power business and suggested to the Reserve Bank of India (RBI) that entities should not be denied a nod on account of alleged violations by end use of funds by other group firm.Anil's group firms had sought permission to raise over Rs 5,000 crore for two power projects and in this...
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