Govt working to restructure Air India's finances, says Garg

The debt burden of the national carrier is estimated to be more than Rs 50,000 crore.

Curb on imports to bring rupee to 68-70 level: DEA Secretary

The government had earlier this month announced easing of overseas borrowing norms for manufacturing companies.

Now there is no shortage of currency in any part of the country.

Subhash Chandra Garg would meet ADB president, where he would push for increasing the ADB's lending commitment to India.

State oil firms have not revised petrol and diesel price for almost a week now.

Govt is also thinking of more such innovative instruments to fund iconic, national level infrastructure.

Government is unlikely to overshoot its target of 3.2 per cent fiscal deficit at the end of the current fiscal year.

Garg will oversee capital markets, budget preparation as well as infrastructure financing and decide on borrowing, along with RBI.

Shaktikanta Das will continue to express his opinion on important matters, now as a private individual.