somanathan

Finance Ministry on Thursday set up a committee under Finance Secretary T V Somanathan to review the pension system for government employees. The committee would suggest whether in the light of the existing framework and structure of the…

MUMBAI: The government will not make any extraordinary effort to be part of international bond indices and will participate only if it’s allowed on its own terms. The government is also concerned over the negative aspect of increased…

Senior Congress leader and former finance minister P Chidambaram on Sunday urged Finance Secretary T V Somanathan to "re-examine his theory" that a housing loan is not a saving. Somanathan, in an interview to The Hindu while talking about…

NEW DELHI: Adani Group's withdrawal of its Follow on Public Offer (FPO) will have no affect on the Indian economy's image or macroeconomic fundamentals, Union finance minister Nirmala Sitharamansaid on Saturday. "Foreign Exchange Reserve…

The Modi government will present its last full Budget on February 1 as the 2024 Budget will be a vote on account because the nation will be heading for the hustings from April next year. Arup Roychoudhury reports. Photograph: ANI Photo…

NEW DELHI: The Centre has suggested that states periodically revise excise duty on liquor and property tax, rationalise schemes and wind up autonomous bodies to improve their finances. In a presentation to state chief secretaries last…

NEW DELHI: From collectorates and taluk offices to municipal parks, some states have resorted to raising loans from banks by offering sovereign assets as a security or escrowing their future revenues, prompting the Centreto raise the red…

Union Finance Secretary T.V. Somanathan on Saturday stressed the need for fiscal discipline to make the economy stronger and suggested reforming poorly targeted subsidies such as those provided for electricity and fertilisers in order to…

Centre provides for some “cross-cutting health infrastructure”, says Finance Secretary Somanathan Centre provides for some “cross-cutting health infrastructure”, says Finance Secretary Somanathan Finance Secretary T.V. Somanathan on…

NEW DELHI: The government's massive capital spending programme outlined in the Budget 2022 will help crowd-in private investment by reinvigorating economic activities and creating demand, Finance Secretary T V Somanathan said. Finance…