The big numbers ahead of Budget 2019.
A majority of the 18-member board, now stacked with government nominees, intend to press for reduced curbs on lending and governance changes that would give the board more say.
State-run hydro power giant NHPC said its board may consider a proposal to buy back shares at its meeting scheduled on November 14, in line with the government's aim to garner around Rs 80,000 crore from disinvestment this fiscal.
The finance ministry said that GST refund of Rs 82,775 crore to exporters has been cleared as on October 31, which is 93.8 per cent of the total such claims with the tax authorities.
The Indian government intends to keep pressing demands for the country’s central bank to relax lending curbs and hand over surplus reserves even if it risks provoking a resignation by the bank’s governor, three sources familiar with the government’s thinking told Reuters.
Finance Ministry is eyeing about Rs 8,000 crore through the launch of follow-on public offer of CPSE exchange-traded fund (ETF) by the end of this month, an official said.
The CIC has issued a show-cause notice to RBI Governor Urjit Patel for "dishonouring" a Supreme Court judgement on disclosure of wilful defaulters' list.
The rupee rallied by 50 paise to close at 73.45 against the US dollar Thursday, posting its biggest single-session spurt in three weeks on increased selling of the greenback by exporters, softening crude oil prices and upbeat economic numbers.
India is likely to announce new steps to support small and medium-sized businesses, such as increased access to credit and financial markets, at an industry event on Nov. 2, the finance ministry said in a tweet.
The government has for the first time ever used a provision of law to ask the RBI for resolution of differences between them on stressed loans in power sector and other issues, sources privy to the development said.