Department of Economic Affairs News

Investors won't receive interest in such cases. Department of Economic Affairs has clarified that the authority won’t entertain any proposal related to the merger of PPF accounts.

Revenue collection from telecom services in form of license fee and spectrum usage charges may be adversely impacted in the current fiscal if sales revenue of operators continues to decline, Union minister Manoj Sinha said on Wednesday.

Government on Friday appointed noted economist Sanjeev Sanyal as Principal Economic Adviser in the Ministry of Finance.

Das, 59, took over charge as Economic Affairs Secretary in Ministry of Finance on August 29, 2015 with his term coming to an end on March 31, 2017.

Joint Secretary in Department of Economic Affairs Saurabh Garg shared the government's point of view and "mentioned that working group has been formed to review the current regulatory policies related to gold".

The Finance Ministry is considering engaging law firms to represent India in disputes, including arbitrations, under its investment and trade agreements.

In a bid to broad base retail participation in stock markets the Department of Disinvestment (DoD) has suggested tax incentives for small investors to invest in the equity market.

To overcome usual shortage of coins, Union government should have coins only in denominations of rupees one and five with gradual introduction of coins of rupees ten to ultimately replace notes of this denomination.

Senior IAS officer Shaktikanta Das has taken charge as the Secretary for Department of Economic Affairs in the Finance Ministry.

The government is working on a number of changes to ease fund raising, including relaxation in the depository receipt framework and reforming equity derivatives, currency & commodities segments and liberalising the ECB framework, a senior government official said Monday.