Arvind Mayaram

  • Economic fundamentals strong, no cause for concern: Finance Ministry 27-01-2014 01:31 PM

    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....
  • RBI Governor meets Chidambaram, discusses economic situation 26-12-2013 09:09 PM

    "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...
  • FIPB approves Tata-Singapore Airlines joint venture 24-10-2013 02:52 PM

    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 01-10-2013 01:22 PM

    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...
  • PM meets senior ministers to discuss increasing FDI limits 16-07-2013 06:39 PM

    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...
  • Govt panel for hiking FDI limits in defence, telecom 19-06-2013 12:08 AM

    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 16-06-2013 11:35 AM

    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...
  • Telenor gets FIPB nod for hiking stake in Uninor 14-06-2013 09:38 PM

    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 27-09-2012 08:20 PM

    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...