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India

Indian Budget will attract FDI, US corporate sector believes

USIBC welcomes proactive measures to double Indian farmers’ income, liberalise FDI in a number of sectors and allow 100 per cent FDI.

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India

Sitharaman: KYC norms for FPIs to be eased

Sitharaman said investments by FIIs and FPIs in debt securities will allow to transferred and sold to domestic investors in a timely manner.

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India

S Korean President Moon sacks finance minister, policy chief

Seoul: South Korean President Moon Jae-in sacked his top two economic officials Friday, the government said, as the world’s 11th-largest economy struggles with slowing growth, rising unemployment and persistent income gaps. Finance minister Kim Dong-Yeon and presidential chief of staff for policy Jang Ha-sung had both been replaced, top Blue House spokesman Yoon Young-chan said […]

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Economy

India to become world’s 5th largest economy next year, says FM

New Delhi: Finance Minister Arun Jaitley today said India is expected to surpass Britain next year to become world’s fifth largest economy. “This year, in terms of size, we have overtaken France. Next year we are likely to overtake Britain. Therefore, we will be the fifth largest (economy),” he said here. Other economies in the world […]

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Economy

Economy has come a long way: Arun Jaitley

New Delhi: The Indian economy has come a long way in the last four years, Finance Minister Arun Jaitley said. Jaitley added that the International Monetary Fund (IMF) report on India in 2018 had noted improvements in indicators such as inflation, fiscal deficit, current account deficit, infrastructure, power sector, and allocation of natural resources. The Finance […]

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India

Arun Jaitley resumes charge as Finance and Corporate Affairs Minister

New Delhi: President Ram Nath Kovind today re-appointed Arun Jaitley as Finance Minister after he recovered from a kidney ailment. “The President of India, as advised by the Prime Minister, has directed to assign the portfolios of the Minister of Finance and Minister of Corporate Affairs to Arun Jaitley,” a notification said. Union Minister Arun […]

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India

Interim Finance Minister Piyush Goyal vows to clean up banking sector

New Delhi: Newly appointed Finance Minister Piyush Goyal vowed to quickly put on track the banking sector, which has been marred by scandals and bad debts that threaten to have repercussions for the broader economy. Goyal, who was earlier this week given temporary charge of the finance ministry until Arun Jaitley recovers after undergoing a kidney transplant, […]

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India

Arun Jaitley undergoes successful kidney transplant at AIIMS

NEW DELHI: Union Finance Minister Arun Jaitley’s kidney transplant surgery at AIIMS on Monday was successful, the hospital said while adding that both the minister and his donor were recovering. The minister, suffering from a kidney ailment, has been undergoing dialysis for the last one month. The dialysis, doctors said, was necessitated to ensure that the […]

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India

Jaitley suffering from kidney-related ailment, may undergo surgery

New Delhi: Finance Minister Arun Jaitley, who has been suffering from a kidney ailment for quite some time now, might undergo a kidney surgery soon. His ailing health didn’t allow him to take the oath of office at the Rajya Sabha on Tuesday as the doctors have advised him not to go out in order to […]

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India

Arun Jaitley re-appointed as Leader of Rajya Sabha

New Delhi:   Finance Minister Arun Jaitley has been re-appointed as Leader of the House in the Rajya Sabha. It is notable that Jaitley has been re-elected to the Rajya Sabha from Uttar Pradesh. As soon as the House met for the day, Chairman M Venkaiah Naidu said that he had received information from Parliamentary Affairs […]