GoM nod to merge Central schemes

The womens bank, mooted in the Union Budget for FY2014, should be floated as a joint venture between the Government, five-six major public sector banks and a development financial institution, according to Nabard. The National Bank for Agriculture and Rural ...

Union finance minister P Chidambaram says that Rs 20,000 crore can be saved out of the oil subsidy budget in the current financial year, which then can be used as cash payouts to oil firms and he does not expect more subsidy demands from the oil ministry ...

Reserve Bank of India will, as announced in the Union budget, issue a different category of debt products called inflation indexed bonds from June 4. By: Ruchira Roy Chowdhury MUMBAI: Inflation-linked bonds may do little to attract the retail investor away ...

Faced with the task of controlling the fiscal deficit, Union Budget 2013 shows a marked retreat from public expenditure on capital formation, and issues a corresponding invitation to the private sector to step up investment and saving.

The EU Economic and Financial Affairs Council, embracing the Economics and Finance Ministers of all of the Union's 27 member-states, agreed Tuesday an increase in the EU budget for this year by 7.3 billion euros, to 140.3 billion euros. The ...

Allocation for Tourism Hiked by 87 Crore in the Union Budget

European Union finance ministers approved a 7.3 billion euro increase in the bloc's spending for 2013 on Tuesday, as part of a deal to unblock talks on the EU's next long-term budget. The cash will be used to cover unpaid bills for EU-funded ...

Leading EU officials meet later Monday to try and break a deadlock on the bloc's budget for the rest of the decade with a summit of feuding national leaders looming on May 22.

Union Finance Minister P Chidambaram on Tuesday ruled out levying wealth tax on farmland, two months after the Budget proposed a 1 per cent tax on such land falling within an eight km radius from urban areas. He also announced changes in tax laws to attract ...