Economic Affairs Secretary News

In a tweet, Economic Affairs Secretary Subhash Chandra Garg said printing of notes is planned as per the projected requirement.

The Finance Ministry is confident of meeting next year's fiscal deficit target of 3.3 per cent, citing lesser uncertainties ahead.

Taking a dig at global rating agencies for failing to upgrade India's sovereign rating despite significant improvement in macroeconomic parameters, Economic Affairs Secretary Shaktikanta Das has said the agencies are several steps behind from reality and are missing out on something which only they can best explain.

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.

Cautioning international e-commerce major from showing indifference towards India symbols and icons, economic affairs secretary Shaktikanta Das on Sunday asked Amazon to desist from being flippant about Indian symbols and icons. He also warned the company that this indifference will be at its own peril.

Exemptions on use of old Rs 500 currency notes will end December 15 midnight. The Centre will not extend the deadline for activities such as paying utility bills, school fees and fees in Central or State Government colleges.

Those found guilty of indulging or aiding in money laundering activities or evading tax will not be spared, said the Economic Affairs Secretary Shaktikanta Das on Friday.

Government is considering a proposal to raise Market Stabilisation Scheme (MSS) ceiling beyond the existing Rs 30,000 crore to mop up extra liquidity from the system in view of demonetisation.

The Economic Affairs Secretary Shaktikanta Das, in a press briefing on Monday, listed out the list of emergency measures that government has taken on a fire-fighting mode to disburse cash to common public in every nook and corner of the country.

Share Bazar, Mandi Live, Aap Ka Bazar, First Trade, Big Debate etc.

Deferring a decision on the foreign investment proposals of Idea Cellular and Flag Telecom, the Foreign Investment Promotion Board (FIPB) on Monday cleared 11 proposals entailing FDI inflow of over Rs 2,300 crore, an official source said.

 FIPB will decide on 15 foreign investment proposals, including that of Idea Cellular Infrastructure Services and Sharekhan, on September 26.

Moving ahead with the operationalisation of the interest rate setting monetary policy committee, the Finance Ministry has said it will notify the rules "within few weeks" and thereafter appoint three government nominees.

Firing a fresh salvo, Swamy targeted Economic Affairs Secretary Shaktikanta Das while making light of FM Jaitley's support for the official, saying that he can directly speak to the prime minister on the issues raised by him.

 After securing exemption from service tax this fiscal onwards, capital markets regulator Sebi has asked the government to exempt it from this liability with retrospective effect from July, 2012.

Newly designed currency notes are likely to circulate in the country soon with the Reserve Bank of India board on Thursday recommending a new set of designs for the banknotes.

Government on Monday said that trading of the Sovereign Gold Bond (SGB) will begin by month-end and the fourth tranche of the scheme will be launched thereafter.

Finance Ministry today said 98 percent of foreign direct investment is coming into India through the automatic route and as a "positive sign" the number of applications being routed via the FIPB approval route has started declining

Terming the projected 7.6 percent growth for the current fiscal as "very, very significant", Economic Affairs Secretary Shaktikanta Das today expressed the government's commitment to work towards boosting economic growth.

The foreign investment promotion board today cleared three FDI proposals worth Rs 160 crore.