Central Government

News

DA hike suspension order hasn't been withdrawn, clarifies Centre

The official fact-check Twitter account of the government, which goes by the name PIB fact check, called out a 'fake message' saying that April’s DA hike suspension order hasn't been withdrawn

1 min read30 Sep 2020
News

Government plan to privatise BPCL needs Parliament nod

SC had in September 2003 ruled that BPCL, as well as HPCL, can be privatised only after Parliament amends a lawOfficials said BPCL in present times will be an attractive buy for companies ranging from Saudi Aramco of Saudi Arabia

3 min read29 Sep 2019
News

India will start getting Swiss Bank details of Indians from today

The first automatic exchange of financial account information (AEOI) under CRS would start from next monthIndia will receive information of the calendar year 2018 in respect of all financial accounts held by Indian residents in Switzerland

1 min read1 Sep 2019
News

The macroeconomic dilemma for India’s new government

The Indian economy appears to be losing momentum, with only five of the sixteen high-frequency indicators tracked by the Mint Macro Tracker in the green last month

3 min read28 May 2019
Industry

Jalan panel on RBI's capital size to submit report next month

The broadly finalised report on RBI economic capital framework will be submitted to the apex bank in JuneThe government and the RBI under previous governor Urjit Patel had been at loggerheads over the ₹9.6 lakh crore surplus capital with the central bank

2 min read13 May 2019
Politics

RBI makes changes in Gold Monetisation Scheme

In 2015, the government launched the GMS to mobilise the gold held by households and institutions in the countryThe scheme allows banks’ customers to deposit their idle gold holdings for a fixed period in return for interest

1 min read19 Jan 2019
Politics

Centre taking unilateral decision on Cauvery panel, says H.D. Kumaraswamy

Karnataka CM H.D. Kumaraswamy today accused the Centre of having taken a 'unilateral' decision in forming the Cauvery Water Regulation Committee (CWRC), hurting the state's interests

1 min read23 Jun 2018
Politics

PIL in SC seeks direction to govt to restrict political donation in cash to Rs2,000 per person

The PIL also seeks income tax exemption for political parties that contest election and win seats in Parliament or legislative assemblies

1 min read28 May 2018
Politics

Centre assesses states' preparedness for roll out of Modicare

Almost all states and Union territories (31) participated in the two-day deliberations held in the national capital along with representatives from the ministries of health, family welfare, finance, NITI Aayog and other stakeholders

1 min read17 Feb 2018
Politics

No material impact of slippage in India's fiscal deficit: Moody's

Budget 2018 strikes a balance between fiscal prudence and growth, and a slight slippage in fiscal deficit has no material impact on overall economic strength, says Moody's

2 min read5 Feb 2018