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The Rajya Sabha returned the bill after Finance Minister Nirmala Sitharaman had to curtail her reply to the discussion on the legislation after a verbal spat with TMC members.

The government has proposed Rs 20,000 crore to capitalise the institution.

The finance minister said the capacity of the RBI's regulatory and supervisory staff is being strengthened with specially tailored courses.

This meant that the central government continued to levy excise duty, while state governments charged VAT.

The Union Cabinet on Wednesday had gave its nod for amendments in the Insurance Amendment Bill 2021.

About 10 lakh bank employees and officers are to participate in the strike called by the United Forum of Bank Unions, an umbrella body of nine associations and groups.

While the burden on the consumers is "understood", the pricing is a vexatious issue, she said.

Last year, the government lost two high-profile arbitrations over the levy of taxes on British firms, using legislation that gave it the power to levy taxes with retrospective effect.

Chavan further demanded that all beneficiaries of Pradhan Mantri Jan Aarogya Yojana (Aayushman Bharat) must be given a free COVID-19 vaccine.

Sitharaman said that to keep government accounts transparent, the CGA will have to adapt and keep pace with changing technology to keep government account transparent.

Speaking about stressed assets, the governor said there is growing awareness and realisation among banks in dealing with NPAs

While Das did not elaborate further, the central bank had in the past expressed concerns on digital currencies being used for money laundering and terror funding.

Making strong case for repealing archaic laws for ease for doing business in India, the Prime Minister said the centre and states need to work closely to boost economic growth.

"We had a constructive dialogue and the dialogue is ongoing," Thomson told reporters after meeting Finance Secretary Ajay Bhushan Pandey, CBDT Chairman P C Mody.

Files cases to register $1.4 billion arbitration award it had won against India.

Last year, the Union Cabinet headed by Prime Minister Narendra Modi cleared proposal to provide capital support to National Insurance, Oriental Insurance and United India Insurance.

The meeting will be held virtually for the first time due to COVID-19 protocol, sources said.

Finance Minister Nirmala Sitharaman says government is keen to achieve long-term growth.

She said the Budget, which was presented in Parliament on February 1, has set the tone for greater play of the private sector, gave space for entrepreneurship

The government has already privatised IDBI Bank by selling its majority stake in the lender to LIC in 2019 and merged 14 public sector banks in the last four years