The draft guidelines include a move to allow large industrial companies to buy up to 10 per cent stakes in new lenders
The inflation target of the RBI would be reviewed once every five years.
India's $121 billion troubled debt pile, over $100 billion of which is on the books of state-owned banks, has come under close scrutiny from prosecutors, the media and politicians
To meet the target, agriculture must grow at 15% compared to average of below 2% over the past four years
India's exports shrank in January for the 14th straight month on continued weak demand from Europe
A strong showing will be vital to Narendra Modi's chances of a second term.
The slowdown is especially pronounced in rural areas, which have suffered two consecutive dry years.
The government plans to inject a total Rs 70,000 crore into the lenders over four years
French companies have invested more than $1 billion per year in India.
Government is expected to rely more on divestment proceeds to keep the fiscal deficit in check
The Prime Minister tends to keep such decisions close to his chest.
Fiscal outlook to be little bit challenging next year: CEA
Traders suspect The Reserve Bank of India (RBI) bought bonds and actively intervened in the rupee to support sentiment.
India is more insulated to Fed-related volatility than other emerging markets due to its better economic fundamentals
GST is intended to create a single market and boost commerce in India's $2 trillion economy
Clouding the inflation outlook is the recommendation of the 7th pay panel for an average 24 per cent pay hike for millions of its employees, which would lift demand-driven price pressures.
Trade ministers from 162 WTO countries will gather in Kenya's capital from Dec. 15-18 to work on an agreement to liberalise global trade.
India's central bank kept its key repo lending rate unchanged at 6.75 percent on Tuesday.
S&P expects India to grow at 7.4 per cent in 2015, similar to the central bank's forecast for the fiscal year ending in March.
Encouragingly, the recovery also appears to be becoming broad-based
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