At a time when the role of corporate boards is once again under the scanner, independent directors on the Paytm Payments Bank board have indicated that red flags were raised over regulatory issues but they may have been late in doing so. "As independent directors, we asked questions and monitored responses to the Reserve Bank of India (RBI). Many changes were made on compliances. "Obviously, in retrospect, it was not found to be enough," said one of the independent directors on the condition of anonymity.
Under the tagline of 'India means business', the roundtable was attended by 40 CEOs of global companies and 20 from India.
The government has also allowed individuals from the private sector to apply for the post
Four states - Karantaka, Kerala, Odisha and Rajasthan - were in the top performers' category.
For months, offline retailers and traders have been lobbying hard for a national retail policy to protect their business from the growing influx of e-commerce.
The Government had on August 11 approved three-month extension to Nandan "with the direction that the process of selection of a new CMD may be completed in the meantime.
In its new avatar as the Department for Promotion of Industry and Internal Trade (DPIIT), it will directly be responsible for 'the welfare of traders and their employees'.
FDI inflows to India are picking up.
This FDI includes equity, re-invested earnings and other capital.
According to CAIT, e-commerce policy should take within its ambit not only foreign players but also domestic ones.
The government is likely to exempt iPhone and iPad maker Apple from mandatory local sourcing rule, a move which would pave the way for tech giant opening single-brand retail stores in the country.
Ramesh Abhishek, secretary, Department of Industrial Policy and Promotion, talks to Subhayan Chakraborty about India's performance on the World Bank's ease of doing business ranking.
The Financial Stability and Development Council members include heads of regulatory bodies like RBI, Sebi and Insurance Regulatory Development Authority.
The Finance Ministry's Economic Survey had projected a growth rate of 7-7.75 per cent.
The final policy may be out only after formation of the new government, according to sources
The Congress has launched an offensive against the Bharatiya Janata Party government over the Rafale deal, alleging corruption and violation of rules by Prime Minister Narendra Modi and demanded answers from him.
It, however, does not manufacture devices on its own and rather does it through contract manufacturers.
Government planning to slash the number of days required to start a business in Mumbai, Delhi from the current 26.
Bihar, Uttar Pradesh and Jharkhand will have to do a significant amount of catching up.
The draft favoured up to 49 per cent foreign equity in inventory model in the case of 100 per cent made in India products sold through Indian management-controlled platforms with resident Indian founders/promoters.
Relax fiscal consolidation, boost public capex and reduce cost of finance, industry tells Centre
Paving way for iPhone maker Apple to open its own stores India, the government on Monday relaxed FDI norms by giving a three-year exemption from local sourcing to foreign players in single-brand retail and a further five-year relaxation for 'state-of-art' and 'cutting-edge' technology.
The FMC had warned MCX that it would not renew contracts, allow new contracts and eventually take away the licence to run the bourse if the commodity exchange does not comply with regulatory norms.
Budget forces last minute change in finance minister's plans.
India's rank inched up by just one position to 130 in last year's Doing Business Survey by the World Bank.
After defaulting for a consecutive time in paying its investors, National Spot Exchange Ltd (NSEL) got a Rs 177-crore (Rs 1.77 billion) lifeline from its main promoter, Jignesh Shah-run Financial Technologies.
The event will be significant for the Congress and Trinamool Congress leaderships, cementing the proximity during the winter session of Parliament.
Sebi on April 4 gave the brokerages 60 days to have their books vetted by third-party auditors.
FTIL prepares to challenge the order in the Bombay high court
After National Spot Exchange Ltd (NSEL) this week suspended trading in forward contracts, the Forward Markets Commission (FMC), the commodities market regulator, on Friday sought to allay fears over the exchange defaulting on open contracts.
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