Finance

Finance Minister Nirmala Sitharaman’s meeting on Air India disinvestment today, losses cross Rs 8,400 crore

Air India has a debt burden of over Rs 58,000 crore and servicing the loans is a major challenge for the national carrier as the annual outgo is more than Rs 4,000 crore. (File photo: Reuters) Finance Minister Nirmala Sitharaman is scheduled to hold a crucial meeting on Wednesday regarding the disinvestment of Air India. The national carrier reportedly incurred ... Read More »

10 Powerful Women in Finance Share Their Ideas on Achieving on Gender Parity

Wall Street and the finance industry as a whole used to be an all-white “boys’ club.” We’ve made some progress, but there’s still a lot more work to do to achieve parity. In our series about Women Leading the Finance Industry, we talked to a number of women who are leaders in finance, asking them: “In your opinion or experience, which 3 ... Read More »

Volkswagen Finance picks up 25% stake in Kuwy Technology

Volkswagen Finance on Wednesday said it has picked up 25 percent stake in Chennai-based instant lending digital platform Kuwy Technology Service. As part of the deal, the company, which supports Volkswagen Group customers in India by facilitating financing and insurance solutions, will now have access to Kuwy’s pan-country network related to car financing. “At Volkswagen Finance, we always try to ... Read More »

15th Finance Commission terms tilt fiscal scales in favour of the Centre

The challenge has been to achieve this without unduly damaging state government incentives for raising their own revenue, and for spending with profligacy. (Reuters) The current ruling coalition has shown a propensity for bold moves in its attempt to reshape India’s polity and society to match its vision of the nation. The economy has sometimes received similar treatment, with the ... Read More »

Govt should take CMs’ views for Finance Commission’s reference terms: Manmohan

Former Prime Minister Manmohan Singh on Saturday said the government should have taken chief ministers’ views before changing the terms of reference of the 15th Finance Commission, adding that unilateralism is not good for federal policy and cooperative federalism. Earlier in July, the Centre changed the terms of reference of the 15th Finance Commission and mandated the panel to suggest ... Read More »

Is The American Dream Fraying? What We Can Learn From The Finance Industry

Nearly 80% of Americans have a negative perception of big business. High-profile scandals, stagnant wages, harmful products, and poor working conditions are all to blame. That’s why the Business Roundtable made waves in August when it published a revised mission statement, signed by 181 prominent CEOs. According to the new statement of purpose endorsed by financial firms including JPMorgan Chase & Co., BlackRock, Inc., ... Read More »

Putting local actors in the driving seat of climate finance

Food security is an increasing challenge in Nigeria, with 54% of households food insecure in 2016. Production is largely dependent on natural environmental resources like fertile land, rainfall, temperature and humidity. Much of the country’s agricultural land has been redeveloped for the oil and gas industry and the forest destroyed to give way to big infrastructure projects. Not only is ... Read More »

Chandigarh: UT Finance Secretary’s personal assistant booked

A police officer said, “A case has been registered in PS-03, Chandigarh on the complaint of Dr. N. S Bharadwaj, Deputy Director, Ayush (Ayurveda), against Surinder Kumar.” (Representational Image) The Personal assistant of UT Finance Secretary was booked by the Chandigarh police for allegedly misplacing a file related to a vigilance inquiry. The accused has been identified as Surinder Kumar. A police ... Read More »

Finance ministry sets up task force to identify infrastructure projects worth ₹100 trillion

The government has set up a task force to identify technically and economically viable infrastructure projects that can be kick started in the current financial year and can be included in the ₹100 trillion plan for the sector in the next five years. The finance ministry on Saturday said the task force will draw up plan for the ‘national infrastructure pipeline’ from 2019-20 ... Read More »

New small finance bank licenses on the way

The central bank plans to offer new licenses to set up small finance banks and allow payments banks to also apply for licenses, people familiar with the development told Moneycontrol. If payments banks are allowed to become small finance banks, it will allow them to offer a wider bouquet of services, including microloans. It will also be an acknowledgment of ... Read More »