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| Canara Bank starts hunt for acquisition | 20-NOV-09 |
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| A day after meeting finance ministry officials to discuss the consolidation roadmap for public sector banks, Canara Bank today indicated that it would opt for acquisition to strengthen its presence in Gujarat, Haryana and Maharashtra. |
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| FinMin wants to oversee FMC's functioning | 19-NOV-09 |
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| The finance ministry seems to have changed its stand on regulating commodity futures. The ministry has proposed that the commodity futures market regulator, the Forward Markets Commission (FMC), can remain independent for the time being. It was earlier insisting that it be merged with the capital market regulator, the Securities and Exchange Board of India (Sebi). |
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| Miles to go | 13-NOV-09 |
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| The release of the first discussion paper on the introduction of a goods and services tax (GST) is a welcome relief in that the country is now a step closer to the much-needed reform in its indirect tax regime. The 57-page document, produced by the empowered committee of state finance ministers and made public on Tuesday, however, leaves no one in doubt that the government will not be able to meet its target of rolling out GST from April 2010. Several legislative hurdles, at the Centre and in states, have to be cleared and a consensus on the key features of the new taxation system is yet to be reached among all the state finance ministers. For the finance ministry and the empowered committee, therefore, the task of putting in place a GST system has just begun. The tougher part of the battle lies ahead. |
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| 'Rising foreign inflow no cause for worry' | 11-NOV-09 |
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| 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. |
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| Precarious Pakistan | 09-NOV-09 |
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| Fourteen people died in a stampede in Karachi on September 13 as they lined up to get free flour. That this took place in the affluent Karachi highlights the worsening economic situation. |
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| FinMin writes to RBI in support of ADAG's borrowing plans | 08-NOV-09 |
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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. |
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Content Guide
