The finance ministry has said that the government has not asked state-owned banks to withdraw funds from foreign currency accounts overseas in anticipation of potential seizure of such accounts with regard to the ongoing Cairn legal dispute. “These are totally incorrect reports which were not based on true facts,” the ministry said in a statement issued Sunday.
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Cairn tax dispute: Finance ministry denies asking banks to withdraw funds from foreign accounts.
The finance ministry has said that the government has not asked state-owned banks to withdraw funds from foreign currency accounts overseas in anticipation of potential seizure of such accounts with regard to the ongoing Cairn legal dispute. “These are totally incorrect reports which were not based on true facts,” the ministry said in a statement issued Sunday.
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Cairn tax dispute: Finance ministry denies asking banks to withdraw funds from foreign accounts
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In a big development, finance ministry has overridden Sebi’s recent order asking mutual funds to treat AT1 bonds as 100 year instruments from next month. In a memorandum to Sebi, the finance ministry has said that the revised norms will lead to huge mark to market losses to investors.
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Finance ministry asks Sebi to withdraw new order on bond valuation
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Foreign Companies Must Follow Laws In India: Finance Ministry Advisor | Catch News
Amid the ongoing spat between the Centre and microblogging platform Twitter, the Principal Economic Advisor of the Union Finance Ministry Sanjeev Sanyal on June 16 said foreign companies must follow the national laws of India and the country should not allow digital colonization
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