Finance Ministry invites fresh applications for the post of RBI deputy governor

MUMBAI: The Finance Ministry on Friday sought fresh applications from eligible candidates for the post of deputy governor which remains vacant after SS Mundra retired in July last year after a three-year term. The latest notice released in National dailies, says that the applicants should have an understanding of bankruptcy, restructuring, turn around and overseeing risk management functions in a large financial ... Read More »

15th Finance Commission Invites Public Suggestions By June 30

The 15th Finance Commission is supposed to submit its recommendations by October 30, 2019. NEW DELHI:  The 15th Finance Commission, set up to recommend the devolution of central pool taxes to states, as well as a fiscal consolidation roadmap for government finances, has invited suggestions from the public, according to the Union Finance Ministry on Thursday Headed by NK Singh, the ... Read More »

Buy Cholamandalam Investment & Finance Company, target Rs 1,485: Manas Jaiswal

Manas Jaiswal of has a buy call on Cholamandalam Investment & Finance Company with a target price of Rs 1,485. The current market price of Cholamandalam Investment & Finance Company is Rs 1,417.10. Time period given by the analyst is ‘Intra Day’ when Cholamandalam Investment & Finance Company price can reach defined target. Manas Jaiswal recommended to keep a stop ... Read More »

Before choosing schemes, decide how much money you need for each goal and the time horizon

I’m not a regular investor. I have invested about Rs1 lakh in ICICI Prudential Value Discovery Fund, series 14; Rs20,000 each in Aditya Birla Sunlife Equity Fund, Axis Long Term Equity Fund, and SBI Magnum Multicap Fund; and about Rs10,000 in Franklin India High Growth Companies Fund. Please guide me on starting an SIP of about Rs40,000 per month. I ... Read More »

Hostel mess facility to attract 5% GST: Finance ministry

The CBEC has issued the clarification in view of queries regarding the tax liability and the rate of GST on services provided by a college hostel mess. Photo: Mint New Delhi: Mess facility provided to students and staff will attract 5% GST irrespective of whether it is provided by educational institution or outside contractor, the finance ministry said on Wednesday. The ... Read More »

Plan to construct finance dept. office buildings in all districts: Yanamala

Deputy Chief Minister N. Chinarajappa, Finance Minister Yanamala Ramakrishnudu, with Collector Kartikeya Misra in Kakinada on Sunday.   | Photo Credit: S_RAMBABU ‘Efforts are on to recruit employees in a phased manner’ The State government is planning to undertake construction of office buildings to the Finance Department in all the districts, besides ensuring permanent buildings to house the sub-treasury offices, according ... Read More »

Nitin Patel given charge of finance ministry, assumes office

AHMEDABAD: Gujarat Deputy Chief Minister Nitin Patel, who was unhappy over not getting portfolios of his choice in the new cabinet, took charge today after he was given the finance portfolio, following BJP president Amit Shah’s intervention. “BJP president Amit Shah called up in the morning and assured me that I will be given a portfolio which befits my stature as the ... Read More »

NHM employees strike: Health dept submits regularisation proposal to Finance dept

Don’t know about any such proposal: Drabu Srinagar: The J&K Health Department has submitted phase-wise regularisation of nearly ten thousand National Health Mission employees to the Finance department for approval. Minister of State for Health and Medical Education, Asiea Naqash told Kashmir Reader that the Department has agreed on various demands of National Health Mission (NHM) employees including their regularisation ... Read More »

Himachal Pradesh portfolio allocation: CM Thakur keeps Home, Finance

Himachal Pradesh Chief Minister Jai Ram Thakur kept key Home and Finance departments with him after the portfolios were alloted today. Besides Home and Finance, the chief minister will also look after the General Administration, Planning and Personnel department and all other departments not alloted to any minister. Mohinder Singh Thakur has been allocated Irrigation and Public Health, Horticulture and ... Read More »

UK mortgage approvals hit 15-month low in November – UK Finance

LONDON (Reuters) – British banks approved the fewest mortgages in 15 months in November, when the Bank of England raised interest rates for the first time in more than a decade, industry figures showed on Thursday. FILE PHOTO – A row of houses are seen in London, Britain June 3, 2015. REUTERS/Suzanne Plunkett Banks approved 39,507 mortgages for house purchase ... Read More »