NSE glitch will cost us, says FM; Sebi meet today – Times of India

MUMBAI: Finance minister Nirmala Sitharaman on Monday said that last Wednesday’s tech glitch on the NSE that nobody anticipated would “cost us” and “lessons are being learnt”. On that day, the glitch forced India’s largest exchange to halt trading for about five hours and — after hectic consultations between the finance ministry, markets regulator Sebi … Read more

Don’t just complete formalities, take road safety campaign as a mission, Gadkari to government departments | India News – Times of India

NEW DELHI: Union road transport minister Nitin Gadkari on Sunday urged the government agencies not to treat road safety campaigns as an “event” to complete “formalities”. He also said everyone should always remember that someone is waiting for him or her at home, which will help bring behavioural change for making the roads safe as … Read more

Growth in December quarter shows economy returned to pre-pandemic times: Finance ministry – Times of India

NEW DELHI: The GDP growth of 0.4 per cent in the December quarter shows that the economy has returned to pre-pandemic times and reflects further strengthening of a V-shaped recovery, the finance ministry said on Friday. After contracting for two quarters in a row, the Indian economy recorded a 0.4 per cent growth in the … Read more

Inflation target may need to be refined, says chief economic adviser – Times of India

NEW DELHI: India’s inflation target band needs to be refined to reflect demand-side factors and the monetary policy should not be affected by supply-side factors, a senior government official said on Monday. The current monetary policy framework, signed by Prime Minister Narendra Modi’s government with the Reserve Bank of India (RBI) in 2015, expires next … Read more

How rich is Saudi Arabia? Kingdom does the math in balance sheet overhaul – Times of India

DUBAI: Saudi Arabia wants to demystify its finances. The kingdom is working on creating a consolidated balance sheet of its assets and liabilities which will include items currently kept off the oil-rich economy’s books, including the investments and debts of its powerful sovereign wealth fund. “The main purpose of this programme is to have a … Read more

Finance ministry ask ministries to surrender savings by March 20 – Times of India

NEW DELHI: The finance ministry on Tuesday asked departments and ministries to surrender savings, if any, for the current financial year 2020-21 by March 20. An office memorandum issued by the budget division of the ministry of finance informed all departments and ministries that the last date for accepting the surrender of savings anticipated in … Read more