RBI has cut the rates thrice so far in 2015 by 25 bps each.
The interim Pension Fund Regulatory and Development Authority on Friday said it will appoint a Central Record-keeping and Accounting Agency and give licence to six pension fund managers to start the new pension regime by December this year.
Chennai is one of the cities where works have been completed for almost 62 per cent of the money lined up -- Rs 599 crore of the Rs 959 crore has been utilised so far. Despite this, there was no respite for the people in the city this time either, with North Chennai being the worst affected.
China and India, who are poised to spearhead global economic growth, should not be complacent but strive to enhance productivity and develop critical thinking skills
The 4 week online learning programme is available in English and Hindi, and will soon be offered in some regional languages.
Two prominent economists and industry figures in India say the new government that would assume office next month should accord top priority to the agriculture sector.
With the commissioning of the 2,000 MW Tala hydel power project scheduled for July 2006, Bhutan is all set to start exporting 2,500 MW power to India by the year end, Bhutan ambassador to India Lyonpo Dago Tshering said on Monday.
Wipro chairman Azim Premji on Wednesday said the company would explore the Pakistan market for its range of products including consumer products and information technology.
Insurance Regulatory and Development Authority has permitted Sahara Group to enter life-insurance segment, and issued 12 letters of intent to insurance broking entities, including three having foreign equity stake, to conduct business in India.
The export of software and information technology services to Japan could triple to $1,500 million in the near future if Indo-Japan double taxation avoidance agreement is renegotiated.
Apollo Tyres chairman and managing director Onkar Kanwar on Tuesday took over as the new president of industry body FICCI for 2004-05.
Despite dominating, the Indians lost 1-2, in the Festa 2005 Cup match, organized by the Indo-Italian Chamber of Commerce and Industry.
Federation of Indian Chambers of Commerce and Industry charted a roadmap for 8-10 per cent economic growth
'This is because earlier we didn't have any ministry. People came, spoke and went away. There was no follow-up. But the two PBDs have focussed on the problems,' says Jagdish Tytler.
Business chambers now inviting start-ups for membership.
The Indo-Italian chamber of commerce and industry is organising a festival 'Festa Italiana' in five major cities, including Delhi and Mumbai, next month as part of efforts to increase trade between the two countries.
The Indian banks are not prepared to implement the stringent Basel-II norms including that of capital adequacy and non-performing assets in toto by 2006, according to the Federation of Indian Chambers of Commerce and Industry survey.
The pension sector is expected to become the largest financial sector in India in the next five years and there will be a separate law for the sector, a top finance ministry official said on Tuesday.
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