Arvind Mayaram

  • India's GDP to rebound to over 7 pc in 2-3 years: Arvind Mayaram 2 days ago

    Cairns: India is following economic growth inducing policies and is confident that the GDP will rebound to over 7 per cent in 2-3 years, Finance Secretary Arvind Mayaram said on Thursday while emphasising that business confidence is back. Making an intervention during the G20 Deputies Meeting, Mayaram said that the Indian...
  • Finance secretary Mayaram defends 4.1 per cent fiscal deficit target July 13, 2014

    New Delhi: Finance Secretary Arvind Mayaram said that plans announced in this week's budget to stick to a fiscal deficit target of 4.1 per cent of GDP are "very credible", despite criticism from ratings agencies that the number is optimistic. Prime Minister Narendra Modi, who took office in May, on Thursday...
  • Economic fundamentals strong, no cause for concern: Finance Ministry January 27, 2014

    Seeking to assuage investors worried over declining value of the rupee and falling stock markets, the Finance Ministry on Monday said country's economic fundamentals are "very strong" and there is no cause for concern. "Current Account Deficit (CAD) is below USD 50 billion. Foreign exchange reserves are (at) all-time high. We...
  • RBI Governor meets Chidambaram, discusses economic situation December 26, 2013

    "We exchanged our views on the current macroeconomic situation," Rajan told reporters after the meeting, which was also attended by Department of Economic Affairs Secretary Arvind Mayaram. Rajan had surprised the markets by leaving all key policy rates unchanged at the mid-quarter policy review on December 18, notwithstanding persistent high inflationary...
  • FIPB approves Tata-Singapore Airlines joint venture October 24, 2013

    New Delhi: The government on Thursday gave a green signal to Singapore Airlines' proposal to start an aviation venture with Tata Sons entailing an initial foreign investment of $ 49 million. "It (Tata-SIA proposal) has been cleared," Economic Affairs Secretary Arvind Mayaram told reporters after a meeting of the Foreign...
  • Economy improving, RBI will take call on interest rate: Finance Ministry October 1, 2013

    Exuding confidence that economy will improve in second quarter of current fiscal, the Finance Ministry on Tuesday said steps would be taken to incentivise growth and RBI will take a call on interest rate. "As we are seeing growth clawing back, I am quite sure that the environment will be conducive...
  • PM meets senior ministers to discuss increasing FDI limits July 16, 2013

    New Delhi: A day after RBI hiked bank rates, Prime Minister Manmohan Singh on Tuesday meet senior Cabinet minister to discuss the proposal to increases foreign investment caps in sectors like telecom, retail and defence. The government is firefighting to steady the economy - with the slipping rupee, falling industrial output...
  • Govt panel for hiking FDI limits in defence, telecom June 19, 2013

    New Delhi: A government panel on Tuesday proposed raising foreign investment limits in sectors like defence, multi-brand retail and telecommunications, to spur investment in the country and tide over the Current Account Deficit woes. "We have submitted the report to the Finance Minister. Action will be taken on it as...
  • Jet-Etihad deal: Corporate Affairs, Aviation Ministry raise concerns June 16, 2013

    New Delhi: Jet Airways and Etihad may have to re-work the ownership structure proposed in the Rs 2,058 crore deal with key ministries including Civil Aviation and Corporate Affairs raising concerns over ultimate control of the domestic carrier. "Major concerns on ultimate control of Jet Airways post deal have been raised...
  • Telenor gets FIPB nod for hiking stake in Uninor June 14, 2013

    New Delhi: Government on Friday allowed Norwegian telecom firm Telenor to increase stake in its Indian arm from 49 per cent to 74 per cent at an estimated equity infusion of around Rs 934 crore. "Telenor proposal has been approved," Economic Affairs Secretary Arvind Mayaram said after the meeting of...
  • Govt to borrow Rs 2 lakh crore in next six month September 27, 2012

    New Delhi: Having already completed about 65 per cent of its market borrowing programme for 2012-13, the government on Thursday said it will raise only Rs 2 lakh crore in the second half of the fiscal to ensure adequate availability of cash for the private sector. "The government will borrow...