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Rajiv Kumar Appointed As The New Finance Secretary
On Tuesday, the Appointments Committee of the Cabinet approved the appointment of department of financial services (DFS) secretary Rajiv Kumar as the new finance secretary. Kumar will succeed Subhash Chandra Garg, who was transferred to the power ministry as a secretary ...
Finance Ministry May Raise Cap On 59-Minute Loans
The ministry of finance is likely to consider raising the cap on the 59-minute loan scheme to Rs 3-5 crore from the present Rs 1 crore. According to an IANS report citing government sources, this cap will be raised in a ...
Issues That’ll Be Likely Taken Up During RBI Meet Today
Given the crisis-hit NBFC sector and the weakening credit outstanding to the MSME sector, the RBI has called up for the board meet today. In addition the current rift, between the RBI and the government on RBI's autonomy will be further ...
RBI Governor Urjit Patel May Resign: Sources
As per an important story that broke down today early morning, "an irreversible breakdown has occurred between RBI governor and the government". And citing similar sources, it has come to light that "RBI governor may even consider resigning. All options on ...
Rbi Governor Urjit Patel May Resign Sources
Govt to Unveil Separate Law for Bankruptcy in Financial Sector
The Indian Government has said that it is likely to introduce in the monsoon session of Parliament a separate bankruptcy law to deal with insolvency in financial sector companies that include banks and NBFCs. Commenting on the issue, a senior finance ...
Govt Unveil Separate Law Bankruptcy Financial Sector
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