Modi has often been accused of promoting crony capitalism in Gujarat for his proximity to certain businesses.
SBI Caps readies plan, identifies 4 assets; bankers say there are enough bidders.
The finance ministry has ruled out the proposal for the appointment of a chief operating officer (COO) of the rank of deputy governor in the Reserve Bank of India (RBI), as the government feels no interim arrangements should be made for such high-profile appointments.
Crowds expected from Gujarat and other states
At least a dozen officers from Gujarat are handling key assignments in various important central positions
Move comes after the country's monetary authority tightened credit norms
After clearance in 2012, single-brand showpiece still to decide on a single location, with first store unlikely before 2017.
Letter to corporate affairs ministry cites slowing economy, capital challenges.
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Arvind Kumar Sharma, a 1988-batch IAS officer and one of the many joint secretaries in PMO, definitely wields some power.
Leeway on CRR and SLR was a long-standing demand from banks, which the RBI did not agree to till recently.
The Union finance ministry is planning to make rules regarding wilful defaulters more stringent, so that criminal charges can be pressed against such entities.
In a curious turn of events on Wednesday, Prime Minister Narendra Modi picked Rajeev Topno, a 1996 batch Indian Administrative Service officer from the Gujarat cadre and a part of the Prime Minister's Office under former PM Manmohan Singh, as private secretary.
Focus to be on unbanked areas; initial capital is set at Rs 100 crore; India Post can apply.
E-commerce pilot for wholesale begins from July in Hyderbad and Lucknow
Narendra Modi, who used to tweet frequently, is said to have decided to maintain a single voice on Twitter after becoming prime minister. Nivedita Mookerji reports
Retailers present in India are in talks with Carrefour to buy its assets piecemeal, rather than the whole business.
According to RBI sources, some banks had extended credit to existing borrowers to repay their debt, known as evergreening of loans in banking parlance.
The two companies have been negotiating to remain separate entities after a merger.
Experts are looking at a timeframe of anything between 12 and 18 months from the time of the new government for concrete signs of revival.
The company's search for a partner in India seems to be grounded once again
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