Finance Ministry all ears as banks line up plans to boost forex inflows
But officials are insisting the minister was really saying nothing new, noting that they have long said more aid was likely. Schaeuble said it was nonsense to assert that he was hiding anything. I dont want it said of me after the election, independently of how it goes and what I personally do afterward, that I didnt tell the truth before the election, he was quoted as saying. So I am glad that the public has now paid close attention to what I have been saying again and again for a long time …
Suggestion like an NRI bond issuance similar to Resurgent India Bonds and shortterm NRI deposits were also made by the bankers. Banks have suggested that they should be allowed to raise NRI deposits of three to six months. At present banks cannot accept NRI deposits of less than one year. The ministry is expected to discuss the proposals with the RBI soon.
Morocco names new interim finance minister
A wealthy Moroccan businessman was named interim finance minister on Friday, as the ruling Islamist party pursues efforts to form a new coalition government after its main ally quit.AFP/File RABAT (AFP) A wealthy Moroccan businessman was named interim finance minister on Friday, as the ruling Islamist party pursues efforts to form a new coalition government after its main ally quit. Aziz Akhennouch, a technocrat in his 50s who headed the ministry of agriculture and fisheries in the two previous governments, was appointed to the key cabinet post, the official MAP news agency reported. He replaces Nizar Baraka, whose Istiqlal party withdrew from the ruling coalition in July after strongly criticising the Islamist Party of Justice and Development (PJD) for failing to shore up the economy and solve pressing social problems. Morocco’s government has been hamstrung since May when Istiqlal first announced its intention to withdraw from the PJD-led coalition, which won the largest share of votes in parliamentary elections two years ago.