Moves follow government's reforms to contain fiscal deficit and promote growth.
How the first FDI in aviation was achieved.
Parliament has approved a gross borrowing for Rs 7.1 lakh crore for the entire 2019-20 fiscal.
DEA Secretary Arvind Mayaram is also expected to attend the event.
The regulator said that it is vested within its purview to regulate the bank account for payment systems and the settlement systems are finally posted in the books of account of banks with the RBI to attain settlement finality.
The senior Congress leader's role has come under the scanner of investigating agencies in the Rs 3,500-crore Aircel-Maxis deal and the INX Media case involving Rs 305 crore.
Gold and silver imports during April, 2013 jumped by 138 per cent to $7.5 billion against $3.1 billion in the year-ago period.
"Cash is still quite high in the system. There is also stocking of Rs 2,000 notes in evidence. The expansion of digital payments is taking place all over the world. It is happening in India as well. The pace is much slower," S C Garg, who took VRS from government service after he was abruptly shifted out of the finance ministry, said in a note.
Pakistan's incoming Pakistan Muslim League-N government will play its part to lower tensions with India and to normalise relations between the two countries, says a top aide of prime minister-designate Nawaz Sharif.
Mayaram said the concerns over the pace of implementing economic reforms were "overstated".
The proposed bullet train will run between Mumbai and Ahmedabad.
After nearly five months wait, the government on Friday cleared UK's BP Plc buying 30 per cent stake in most of Reliance Industries' oil and gas blocks, including the showpiece KG-D6 gas fields, for $7.2 billion.
Over the past six months Rajasthan has introduced some of India's most radical free-market labour, land and welfare reform.
'Let us hope that this Budget delivers.' 'It needs 10 per cent plus real GDP growth in 2021-22, the rebound year,' notes Omkar Goswami.
East European countries have better rating than India though their economies are not as stable as the latter.
Seeking to prevent misuse of funds belonging to foreign investors, the Reserve Bank has proposed that transfer of such funds to the Indian entity should be allowed only through escrow mechanism under which the money would remain with the bank pending investment.
The Home Ministry has conveyed to the Department of Economic Affairs (DEA) that it has not given security clearance to the Abu Dhabi-based Etihad Airways' proposal to buy a 24 per cent stake in Jet Airways.
As persources, Economic Affairs Secretary Shaktikanta Das will represent India at the 2-day event to be hosted in Islamabad from August 25-26.
Gold imports in 2011-12 amounted to $56.5 billion and in the current financial year, till December, they are estimated at $38 billion.
As part of it, the govt may permit 26% FDI in insurance broking through the automatic route.
The decision to partially decontrol the sugar sector, the only industry left under the government control, was taken by the Cabinet Committee on Economic Affairs Thursday.
Levy-sugar mechanism dismantled; govt to compensate states for supplying cheap sweetener via ration shops.
With rupee plunging to life-time low of 57.54 verus dollar, the Finance Ministry on Monday said there is an unwarranted panic in the market and hoped it will settle down in a some time.
This time, Finance Minister P Chidambaram, who attended the first such retreat in 2008, would be present.
The Foreign Investment Promotion Board headed by Economic Affairs Secretary Arvind Mayaram, also cleared the proposal of Decathlon Sports India's proposal for induction of foreign equity worth Rs 700 crore (Rs 7 billion) to engage in single brand retail.
'Several businesses like entertainment, hospitality, travel etc would never be the same again.'
If we have to go by what Barcelona's new coach Gerardo Martino says, then that is the way things are going to be for Cesc Fabregas.
DEA objects to the company's 29 Indian stores having sub-brands as a rule violation; DIPP doesn't agree.
In less than five months of resuming charge of the finance ministry, Palaniappan Chidambaram has put in place virtually a new team to take charge of the government's fiscal policy management in the remaining months of its tenure. Will the celebrated economists and IAS officers share the required equation remains to be seen.
CCEA approves its Rs 10,500-cr investment in India.
Apart from them, Chidambaram's wife -- Nalini -- has been chargesheeted by the CBI in the Saradha chit-fund scam for allegedly accepting a bribe of Rs 1.4 crore.
A high-level meeting will be convened soon to decide on probing the India operations of Chinese Telecom companies -- 'Huawei' and 'ZTE' -- against the backdrop of the US calling the two firms a threat to American national security.
"Under different scenarios, we see the impact of higher crude prices ranging from $25 billion to a maximum of $50 billion on the oil import bill. The increase in the oil import bill will also affect the current account deficit," economic affairs secretary S C Garg said in a conference on Friday.
In a sign of deepening bilateral ties, Bhutan Prime Minister Jigmi Y Thinley will arrive in New Delhi on a three-day visit during which he will hold talks with the top leadership on hydro-electric projects among other issues.
The group proposes to invest Rs 10,500 crore in single-brand retail trading in India through a 100 per cent subsidiary.
CCI, sector regulators may consult each other if jurisdictions overlap
The Cabinet Committee on Economic Affairs on Thursday steeply increased the price of gas, hitting the aam-aadmi, also gave a meagre hike to the minimum support price of food-grains, adversely affecting farmers, reports Sheela Bhatt.
Documents related to 2G spectrum allocation cannot be accessed by the public till the Joint Parliamentary Committee completes its probe and submits its report, the Central Information Commission has stated. The JPC, which is probing the high-profile scam, has directed the finance ministry not to reveal any information till it completes the probe.
