The government had pegged food subsidy at Rs 90,000 crore (Rs 900 billion) in the 2013-14 Union Budget.
Laxity in enforcing KYC and allied norms suspected; money laundering gaps also on probe panel's mind
The stock and foreign exchange markets have had a negative reaction to the government's biggest social security programme, the National Food Security Bill. Food minister K V Thomas questions the rationale behind such a response
Against varying claims its SGF ranged from Rs 839 crore (Rs 8.39 billion) to Rs 62 crore (Rs 620 million), between July 29 and August 14, the bourse had Rs 84.66 lakh (Rs 8.46 million) in the actual SGF.
A five-seven per cent agriculture growth in 2013-14 would mean farming might exceed the 12th Five-Year Plan annual growth target of four per cent, if the trend continues.
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Likely to set the ball rolling for Rs 1.72-lakh-cr projects today
The finance ministry and several agencies under it such as the Securities and Exchange Board of India (Sebi) and the Enforcement Directorate (ED), which are investigating the affairs of Sahara India Parivar, are worried about its exposure to National Spot Exchange Ltd (NSEL) products.
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Cabinet likely to pave way for the 'super-rich' tax today.
Might earn around Rs 3,720 crore on export of 2 mt of wheat, despite dipping prices in international markets
The FT stock took a beating, losing 80 per cent in two sessions before recovering. Though in an exchange announcement following the government's missive on July 12, FT identified NSEL as a material subsidiary, rumour mills contemplated two possible transactions: a sale between May 30 and June 30 which had led to the subsidiary becoming an associate and another transaction between June 30 and July 15 when the associate again became a subsidiary.
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In most developed markets, there are reporting agencies for spot markets and generally deals took place on the over-the-counter market.
National Spot Exchange data shows huge amount of wool going out of its warehouse, but a visit to the storage reveals a different picture.
Oil and gold had accounted for 45 per cent of India's imports bill in 2012-13.
The DoP has moved a Cabinet note for the government to provide Rs 500 crore (Rs 5 billion) as initial capital to India Post towards starting a bank.
The recently anointed managing director and chief executive officer at Maruti Suzuki India Ltd tells Business Standard how he intends to get back to over 50 per cent share in the domestic market, apart from a larger role in the parent's global operations.
Majority of 'Bimaru' states register faster fall in rural poverty, while pace mostly other way round for others
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According to an internal assessment of the food ministry, shared with chief ministers recently, Tamil Nadu, Kerala, Jammu & Kashmir and Himachal Pradesh will see a massive reduction in their annual grain allocation.
Udayan Mukherjee, who stepped down earlier this week, was the first full-fledged market commentator Indian business television knew of.
The temples committee has already posted a request to devotees on its website to contribute towards the rebuilding.
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