'Modi has shown political courage by instituting several economic reforms which include demonetisation, ushering in GST, eradication of benami transactions...'
The government is waiting for new currency to get into the system first and as and when there is near adequate circulation, the exchange facility could be withdrawn
Overall, cumulative direct investment from China stood at just $2.05 billion till June 2018, according to consolidated DIPP figures
Central government's plan to import pulses to rein in inflation is continuing with renewed vigour as state-run agencies have contracted imports of 437,000 tonnes of pulses till this week.
For withdrawals through cheque, the weekly cap has been hiked to Rs 24,000 from Rs 20,000
The old India was economically fragmented. New India will create one tax, one market, one nation, said Jaitley.
Bullet trains are run by state-owned agencies in France and Germany.
The government on Thursday said decision with regard to divestment in some of the public sector companies has been taken and would be announced at an appropriate time.
Some genius assumed that a 2,000 note could seamlessly replace 500s and 1000s in ordinary transactions. If that genius had consulted an actual chai-wallah, he might have thought twice, argues Devangshu Datta.
Anticipating panic and rush at bank counters, the Reserve Bank of India as well as the government has set up control rooms in Mumbai and the national capital to avoid any crisis, Department of Economic Affairs Secretary Shaktikanta Das said.
The Oil and Natural Gas Corporation may face delisting from stock exchanges as a petroleum ministry directive appointing additional government directors on company board has violated its listing agreement.
The Cabinet Committee on Economic Affairs on Thursday referred the issue of selling the government's residual 30 per cent stake in Hindustan Zinc Ltd to a Group of Ministers for a final decision.
Housing finance leader HDFC's bid to cash in on India's booming real estate got a boost with the government on Thursday allowing a global realty fund sponsored by it to invest up to $720 million (Rs 3,240 crore) in the country.
The much-awaited special purpose vehicle for funding infrastructure projects is all set to take off by next month with the Prime Minister's Committee on Infrastructure giving it a green signal.
The government on Thursday night decided to set up six AIIMS-like institutions in 'under-served' states of Bihar, Chhattisgarh, Madhya Pradesh, Orissa, Rajasthan and Uttaranchal at a total capital cost of Rs 1,992 crore.
Debroy worked as a consultant in the Department of Economic Affairs in Finance Ministry.
Following up on his barb last week that Rajan should be sent back to Chicago, BJP MP Subramanian Swamy has written a letter to the Prime Minister saying how a person appointed by the UPA government should be continued in the post.
Simpler GST structure will be key poll plank, Congress sources tell Archis Mohan.
Most families had high value currency notes and they used it for making payments during the pre-demonetisation era.
In early trade on Monday, the rupee fell to 63.33 to a dollar, its weakest since September 18.
Reliance Industries chief Mukesh Ambani on Thursday met Finance Minister P Chidambaram and other senior officials in the ministry.
'His (Das) approach to work seems that of working as a team with ease in communication.'
The government on Monday said there was "tremendous" need for consolidation to enable banks gain financial muscle and absorb risks in the years to come.\n
In order to enhance the existing bilateral economic ties, Switzerland is now keen on attracting Indian investment into the country.
The government would also take steps to promote exports and restrict non-essential imports, said Jaitley
Fitch said the full implications of Patel's resignation will only become clearer once there is some indication of the RBI's policy approach under his replacement, Shaktikanta Das
Income tax department sends out notices to cryptocurrency investors on suspicion of tax evasion.
