Tag: ajay seth

RBI may do what Fed has done with rates. But you need to wait
Posted in Economy

RBI may do what Fed has done with rates. But you need to wait

Federal Reserve’s recent 50 basis point (bps) rate cut may make the Reserve Bank of India (RBI) consider a similar move. However, a rate cut…

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Posted in Economy

Fed rate cut positive, but may not have big impact on capital inflows: Top FinMin officials

NEW DELHI: A sharp 50-basis-point cut in the interest rates by the US Federal Reserve on Wednesday will be positive for the global as well…

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US Fed rate cut to have a 'marginal' impact on India
Posted in Economy

US Fed rate cut to have a ‘marginal’ impact on India

Chief Economic Advisor V. Anantha Nageswaran remarked that Federal Reserve‘s rate cut may be looked at as a positive on the global economy. Speaking at…

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Targeting 7%+ growth for next 2 decades: DEA secretary
Posted in Economy

Targeting 7%+ growth for next 2 decades: DEA secretary

New Delhi: India isn’t looking for a short burst of accelerated economic growth but a sustained expansion rate of over 7% for at least the…

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Bill for NFIR at advanced stage; likely to be introduced in next session: DEA Secretary
Posted in Economy

Bill for NFIR at advanced stage; likely to be introduced in next session: DEA Secretary

The Bill for setting up a National Financial Information Registry (NFIR) is in the advanced stage of preparation, and it may be introduced in the…

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credit rating mechanism: Finance Ministry, ADB organise workshop on Expected Loss-based Credit Rating Mechanism
Posted in Economy

credit rating mechanism: Finance Ministry, ADB organise workshop on Expected Loss-based Credit Rating Mechanism

The Ministry of Finance and Asian Development Bank (ADB) on Monday organised a workshop on Expected Loss-based Credit Rating Mechanism. The workshop was addressed by…

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Indian financial system well protected, regulated, says Economic Affairs Secretary Ajay Seth
Posted in Economy

Indian financial system well protected, regulated, says Economic Affairs Secretary Ajay Seth

Indian financial system is well protected and regulated despite the daunting global financial situation, Economic Affairs Secretary Ajay Seth said on Monday. Briefing media on…

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fsdc: FSDC for a special drive to help people get unclaimed deposits
Posted in Economy

fsdc: FSDC for a special drive to help people get unclaimed deposits

High-powered Financial Stability and Development Council (FSDC) headed by Finance Minister Nirmala Sitharaman on Monday underlined the need of launching a drive to help people…

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DBT india: Centre saved $27 bn in schemes using DBT method, says Economic Affairs Secy
Posted in Economy

DBT india: Centre saved $27 bn in schemes using DBT method, says Economic Affairs Secy

India saved over USD 27 billion in key central government schemes through direct benefit transfer as it is swift and eliminates corruption, Ajay Seth, Secretary…

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G20 news: G20 finance ministers, central bank governors to discuss solutions to debt problems, India official says
Posted in Economy

G20 news: G20 finance ministers, central bank governors to discuss solutions to debt problems, India official says

Finance ministers and central bank governors of group of 20 major economies will meet in India this Friday to discuss finding “lasting solutions” to debt…

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