"I invite each one of you to become a partner in India's growth story. And once again assure you of our wholehearted support."
The Indian basket represents the price of Oman and Dubai sour grade crude.
One out of every two Indians would have Aadhaar number by the middle of 2014, UIDAI Chairman Nandan Nilekani has said as he underlined the unique attributes of the identification system that will lead to public sector reform and governance transformation.
The Direct Benefit Transfer for LPG scheme was rolled out in 291 districts from June 1, 2013 in six phases to do away with the practice of selling the fuel at below cost rates.
Going ahead with its "game changer" measure for next Lok Sabha polls, the Congress on Tuesday rolled out the ambitious food security scheme in three states -- Delhi, Haryana and Uttarakhand with party President Sonia Gandhi hailing the measure as "historic" and "unparalleled".
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.
Business subsidies may attract tax
'Change is the rule of politics.'
PM has asked the Reserve Bank to prepare a 20-year road map for financial inclusion
Only Rs 3,000 cr has been disbursed. Over 80% of these transfers were for cooking gas subsidy.
The court was hearing petitions challenging the Aadhaar scheme.
Amendments to RBI Act likely soon
Petrol prices have been cut in small doses on 20 occasions.
The government must not enter into what will be a little more than a large-scale transfer of taxpayers' money to the operators of private hospitals.
Bankers seem to be pleased with the government for keeping its promise of not interfering in operational matters, but are apprehensive about the intense scrutiny of their functioning.
The RBI Governor had earlier cautioned the banks on the risks involved in just hunting for numbers, asking them not to compromise on core objectives of the programme.
Chinese stock markets suffered their biggest single-day drop since the global financial crisis.
The key gain from using Aadhaar will be a drastic cut in impersonation and fictitious identities, thereby plugging a major loophole through which a lot of leakage in subsidy payment takes place.
'We have promised to ensure reduced tax rates.'
It is increasingly clear that Rajasthan, under the leadership of Chief Minister Vasundhara Raje, will lead the country in terms of policy reform.
'This is clearly a much stronger government, a much strong Prime Minister's Office and a much more disciplined approach. There is an improvement of the work culture in the government -- people don't play golf in the mornings anymore. There is a huge attempt going on to making business easier,' says Rakesh Mohan, executive director at the IMF.
The PNB fiasco falls into a family line that involves non-fund limits - read contingent liabilities which are off-books. Harshad Mehta did it with bankers' receipts in 1992. Ketan Parekh exploited the ignorance of bankers who did not know the difference between a cheque and a pay-order. And the RBI blinked when it failed to insist the SWIFT platform be linked to the core banking solution. Raghu Mohan & Abhijit Lele trace the banking mess that was just waiting to happen.
The world's largest cash transfer programme has eliminated around 40 million ghost connections
Policymakers should consider the challenges of beneficiary identification, distributor opposition and beneficiary financial inclusion.
The S&P BSE Sensex ended 80 points up at 23,789 while the Nifty50 closed at 7,235, up 24 points.
The FinMin will pay Rs 5,324 crore (Rs 53.24 billion) for Jan-March.
Payments banks are niche banks which will be allowed to function with several restrictions.
The Prime Minister stressed on achieving financial inclusion.
The calculation is based on annual usage of eight cylinders per household.
Modi said the country needs to increase domestic output of energy.
Finance ministry asks bank, insurance & market regulators to issue notifications
Inclusive of the July hike of 25 paise, a monthly increase of similar amount would result in a saving of Rs 2.25 a litre for the current financial year alone.
The government is being pushed by Congress president Sonia Gandhi to put the food bill on fast track as the Congress had promised a 'right to food' in its 2009 election manifesto, reports Anita Katyal
Here's the full text of President Ram Nath Kovind's customary address to the joining sitting of Parliament on the first day of the budget session.
Three oil PSUs have moved the Supreme Court seeking modification of its earlier order that Aadhaar card is not mandatory and no person should suffer for want of it in getting benefits of government schemes.
A bench headed by Chief Justice P Sathasivam said that the plea of the Centre would be taken up for hearing on October 8.
A new formula for pricing natural gas in the domestic market was determined; the decontrol of diesel prices was announced; and the scheme that directly transferred subsidies to bank accounts of users of liquefied petroleum gas (LPG) cylinders was modified and relaunched.
Indian basket at 6-month low of $49.11 a bbl
The loss in Bihar has forced a change in NDA's market positioning, says Shekhar Gupta.
A smartly executed reform-recap will be the best booster for the economy, says Ajay Chhibber.
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