Market place model of e-commerce means providing of an IT platform by an e-commerce entity on a digital and electronic network to act as a facilitator between buyer and seller.
The regulator will now call Chanda and ICICI Bank's representatives for a personal hearing as part of adjudication proceedings launched against them.
The move may release funds locked in government securities and add to liquidity. With inflation expectations lowered, this should not impact bond sentiment in the short run
In a statement, the CBDT, which is the apex policy making body for direct tax policies, said it has never asked IRS Association or these officers to prepare such a report and no permission was sought by them before making the report public. 'It is unequivocally stated that CBDT never asked IRS Association or these officers to prepare such a report.
'The new government will have to contend with slowing economic growth, weak private investment, anaemic exports and vulnerable external imbalances, a stressed financial system, mounting fiscal pressures (including high government debt-to-GDP ratios) and an exceptionally bad employment situation,' says Shankar Acharya, former chief economic adviser to the Government of India.
Approval comes 6 months after Swedish clothing giant applied for India entry; FIPB now to consider on Oct 18.
Mallya might continue to elude ED, CBI interrogation in the short term but could still be extradited to India
Liquor sales will obviously be hit. So, will real estate prices at what used to be prime locations, close to major thoroughfares. Food and snack sales close to highways will also, in all probability, be affected.
PMAY-Gramin, which was launched in November 2016, aims to construct 10 million homes by March 31, 2019, with private sector and state government participation
'The huge amount of investments being made by telcos in India for telecom gear, there is no way this demand could be met only by Europeans.' 'The Chinese are quick in installation and offer great value for money.'
The Supreme Court on Monday kept its options open on examining the dropping of conspiracy charge against accused like L K Advani, M M Joshi and Uma Bharti in the demolition of the disputed Ram Janmabhoomi-Babri structure in Ayodhya in 1992.
Banks given 180-day time for NPA resolution, matter to be referred to Insolvency Board within 15 days.
The issue will now have to be resolved through arbitration.
Taking note of large-scale deaths because of the heat wave in various parts of country, Prime Minister Manmohan Singh has asked a Group of Ministers to discuss and decide on its inclusion as natural calamity.
The Pakistani JIT concluded its six-day discussions with NIA on the probe into the Pathankot terror attack even as the visiting officials recorded statements of witnesses.
Preliminary investigations conducted by capital markets regulator Securities and Exchange Board of India and inputs from other regulators and government departments suggest that some brokers were offering structured financial products to their HNI clients under some portfolio investments schemes for high returns of 10-20 per cent.
Justice V Gopala Gowda recused himself from the hearing without citing any reason and said, "let the matter be placed before the Chief Justice" for its allocation to some other bench.
'Despite the current tension at Doklam and the risk of escalation on the Himalayan land frontier, it is the Indian Ocean we need to worry about more,' says Nitin Pai.
Market regulator Sebi on Wednesday proposed a new set of regulations for employee stock options, wherein certain restrictions imposed on companies for award of such allotments to staff members could be eased.
This is likely to put a brake on the fast pace at which Aadhaar cards have been issued so far to more than 400 million people.
The report authored by Ashley Tellis, the top American expert on India and South Asia, states that the IAF's fighter force is weaker than numbers suggest.
In yet another step to attract foreign money, the Reserve Bank of India (RBI) has allowed non-resident investors to acquire shares of listed Indian companies through stock exchanges under the foreign direct investment (FDI) scheme.
Like Mr Trump, says Kanika Datta, politics tempts many businessmen.
In its essence, GST is a national level system of value added taxation of goods and services, says Shankar Acharya.
'For a working actor in Bollywood, it is nearly impossible to criticise its reigning deities.' 'Besides, due care ought to be taken when speaking of the dead too.'
The official twists and turns have raised questions on the government's credibility and its ability to pull the nation out of the demonetisation quagmire. To keep up with the new rules, the government has issued an updated FAQ on demonetisation.
Central bank raises red flag, warns of potential risk
Over 15 years, with seven per cent growth, the Indian economy will be three times bigger.
The prevailing communal situation in the country does not indicate existence of alleged intolerance in the country, the government said on Tuesday.
'She was either overconfident that nothing will happen to her or she underestimated the gravity of the allegations.'
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Prior RBI permission a hurdle, given its views; business interest needs to be clearer.
Such service providers were given time until the end of October to follow the law of the land.
Fifty per cent of bank restructured assets were in infrastructure, steel, power and telecom sectors.
Says licensing of new banks should be a continuous process instead of the current stop-go system
'Tis the season for hope and for forecasts. So here we look at the things we want and hope will be granted in 2015.
The need to allow government shareholding in public sector banks to come down below 51 per cent
A Parliamentary Standing Committee praised the government for the wrestling and boxing facilities at the Sports Authority of India's Sonepat Center but pointed out that "excellence needs to be replicated for other sports disciplines".
The recent agreement between the RBI and the Centre marks a significant step forward toward financial inclusion.
The total valuation of Tata Teleservices, according to the valuer, was only Rs 11,000 crore (Rs 110 billion), against the pre-agreed valuation of Rs 27,000 crore (Rs 270 billion).
Concerns over effective control not addressed in the second revised shareholders' agreement, says DIPP; Sebi opposes commercial cooperation pact
