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.
Currently, most crowdfunding platforms neither operate with proper authorisation nor are governed under any law.
'Economy is leading the way as far as the relationship between the two countries is concerned'.
Estimated to cost Rs 125 crore, the centre, will be set up in Hyderabad.
Chidambaram said NSEL was not a registered or recognised association under the FMC but got exemption even before it started its business.
In a bureaucratic reshuffle, economic affairs secretary Rakesh Mohan will look after the key budget division following the appointment of expenditure secretary D Swarup
Indian economy has the resilience to sustain high growth despite shocks like spiralling oil prices, economic affairs secretary Rakesh Mohan said on Wednesday.
FDI in real estate will now be through the automatic route and not through the Foreign Investment Promotion Board.
The Cabinet has already cleared two proposals that will receive support from the fund.
Probe reveals "first and second" level of decision making in ministries of finance and commerce was "compromised".
Oil and Natural Gas Corp, India's largest oil producer, bagged eight out of the 18 oil and gas block awarded today while country's largest private sector firm Reliance Industries managed five.
The government on Monday cleared a Rs 1,718 crore (Rs 17.18 billion) project to set five centres for automotive testing and homologation throughout the country over the next six years.
Virtual currencies don't have any intrinsic value and are not backed by any kind of assets.
The Cabinet Committee on Economic Affairs has approved ONGC Videsh Ltd's proposal to invest $820 million for acquiring US energy giant ExxonMobil's interests in an oil field located off the Brazilian coast.
The Union government has reconstituted the Cabinet Committee on Economic Affairs with Prime Minister Manmohan Singh as its chairman.
RBI may also be open to injecting liquidity through open market purchases of bonds but is resisting relaxing capital buffers for banks.
The government on Thursday approved setting up of a world-class drug research institute in Lucknow at a cost of Rs 190 crore (Rs 1.9 billion).
Announcing the Cabinet Committee on Economic Affairs decision, Finance Minister P Chidambaram said a Special Purpose Vehicle would be set up for the project.
The government on Thursday cleared the long-delayed Sethusumudram Ship Canal Project off Rameshwaram in Tamil Nadu that would vastly reduce distance between east and west coasts of India.
The Cabinet Committee on Economic Affairs on Wednesday deferred a decision on the package on pricing and distribution of sensitive petroleum products.
The government on Wednesday cleared the setting up of an Investment Commission to woo foreign as well as domestic investors for major projects in the country.
Short-term capital gains tax of 30% is likely to be levied if bitcoin is held for less than three years and 20% if held for longer than 36 months.
Rakesh Mohan, Secretary, Department of Economic Affairs, on Tuesday pointed out that the Indian economy was on the move with the gross domestic product growing at about 7 per cent last year and investment levels in the country also going up.
About 200,000 ATMs can dispense the new series of Rs 500 notes
Regulated electronic platforms such as e-spot markets or spot exchanges may be deemed as authorised markets.
The government on Friday decided to stand guarantee to domestic financial institutions to settle foreign debts of Dabhol Power Project as part of its efforts to settle the issue and restart the power company.
Govt to chalk out entry of sovereign funds from Abu Dhabi, Qatar into such projects.
CCEA approved the proposal to give 39,777 equity shares in favour of MUL employees who had responded to our offer of 20 shares per employee at the rate of Rs 660 per share," Finance Minister P Chidambaram said on Tuesday. \n
