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Monday, Nov 23, 2009
 
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Govt kicks off talks on bank consolidation19-NOV-09
The government today started the process of consultation for the consolidation of public sector banks.
'Rising foreign inflow no cause for worry'11-NOV-09
The Finance Ministry today said the surge in foreign capital inflow in the country, powered by initial recovery in the global economy, is not a cause for concern at present and no specific action is required to arrest it.
Excess liquidity not causing systemic risk: Finance secy05-NOV-09
The current liquidity glut in the banking system is not a matter of concern as of now, Finance Secretary Ashok Chawla said today.
FM asks states to follow fiscal consolidation after recovery29-OCT-09
Finance Minister Pranab Mukherjee on Wednesday asked state governments to get back to fiscal consolidation when the global economy returned to the recovery path.
'Govt mkt borowings not to cross Rs 5.5 lakh cr'28-OCT-09
The governments' market borrowings will not exceed Rs 5.5 lakh crore it had envisaged in the budget, as the needs of the Centre as well as the states will easily be met by this amount.
FinMin working out plan to merge banks22-OCT-09
The proposal is to create 8-10 large banks.
PM's council expects benign rates till March22-OCT-09
In a signal that interest rates would remain benign for another few months, the Prime Minister’s Economic Advisory Council (PMEAC) today said the current monetary policy stance would continue till March. The council said the accommodative policy should be phased out but the timing would depend upon economic revival and inflationary pressures.
FinMin expects RBI to maintain soft monetary policy21-OCT-09
Ahead of its monetary policy review, Reserve Bank of India (RBI) Governor D Subbarao is expected to meet Prime Minister Manmohan Singh and Finance Minister Pranab Mukherjee on Friday. “We hope that it (soft monetary policy) will continue,” said Finance Secretary Ashok Chawla on the sidelines of a CII event.
FinMin expects RBI to maintain soft monetary policy stance20-OCT-09
The Finance Ministry today expressed hope that the Reserve Bank in its monetary policy review next week will continue the current soft policy stance.
IIP growth raises hopes of recovery13-OCT-09
Mining, manufacturing grow in double digits.
BK Chaturvedi panel's report may get Cabinet nod today01-OCT-09
Recommendations of the BK Chaturvedi Committee — set up to recommend ways to expedite various road projects in the country — may be accepted at a meeting of the Cabinet Committee on Infrastructure (CCI) tomorrow.
Mid-sized banks should consider M&As: Chawla30-SEP-09
Indian mid-size banks should look at mergers and acquisitions to adjust to the changing economic scenario, Finance Secretary Ashok Chawla said on Tuesday, marking the first time the government has officially endorsed such a move.
Government to stick to borrowing target30-SEP-09
The borrowing for October-March to be completed by the first week of February.
PSU banks should look at merger and consolidation: Fin Secy29-SEP-09
The government today said there is need for public sector banks to look for mergers and acquisitions in the next 5-10 years to achieve optimum economies of scale.
Govt says no need to increase borrowing target for 2009-1029-SEP-09
The government today said it does not intend to increase borrowing target for the current fiscal 2009-10, which has been pegged at Rs 4.51 lakh crore.
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