E-auction or e-tendering moves the process of bidding for government contracts completely online, removing most manual procedures and, therefore, creating an accountability trail.
A few state-owned banks such as IDBI Bank, Union Bank, Indian Overseas Bank have announced results for FY14.
Can welfare schemes truly transform from being flagship to flag-bearers for a government that is looking to get a second term in 2019?
Chief Economic Advisor Arvind Subramanian's interview.
The president outlined the government's agenda in the coming financial year in his customary address to the joint sitting of both the Houses of Parliament.
The question may sound irrelevant, but several public sector banks seem to have a different view.
The government has provided a long-term vision.
The second fortnight of September saw Rs 3 lakh crore of time deposits, something unique, followed by liquidation of Rs 1.2 lakh crpre of these right after.
Move to improve transparency but make liquidity more difficult to come by
Indian economy is expected to improve marginally in the current financial year with its GDP at market price projected to expand by 3.4 per cent from 3.3 per cent in the previous fiscal, think tank OECD said.
Court questioned the probe agency on delay in filing the chargesheet.
Union Budget 2015 cuold have included few smaller reforms.
The central bank dashed hopes of any steep interest rate reduction.
But their reign has been tumultuous as the company has seen compelling battles for ownership.
The FinMin will pay Rs 5,324 crore (Rs 53.24 billion) for Jan-March.
In a marathon address to the nation from the ramparts of the Red Fort, Prime Minister Narendra Modi on Saturday underlined India's unity and diversity and the progress of his 15-month-old government's policies.
'On Saturday, I drove my wife over to Beverly Hills for sushi.' 'Two blocks before Rodeo, we turned the car around, because we saw hundreds driving pickup trucks and marching down sidewalks, yelling, donning MAGA gear, and waving huge Trump flags.' I tell you... It was scary.' 'And this didn't look like a defeated throng.' 'These folks looked like they knew something we didn't,' notes Rajiv Satyal, the Los Angeles-based comedian and host.
'In a country like ours, people talk about wanting to be like Singapore, but when it comes to paying taxes, they start criticising.' 'The medicine is bitter, but the long term effect is good,' Senthil Natarajan, who runs Kovai Pazamudhir Nilayam, a one of its kind fruit and vegetable chain in Tamil Nadu, tells Rediff.com's Archana Masih.
'When we say we want to increase pension participation, do we want to increase participation through the savings route?' 'Or do we want people to save in specific pension products?' asks Renuka Sane.
Finance ministry asks bank, insurance & market regulators to issue notifications
Finance Minister Arun Jaitley presented the Union Budget.
Apple Pay also faces competition from Merchant Customer Exchange (MCX) - a consortium of retailers including Wal-Mart and Best Buy - which is developing its own mobile payment platform.
India will pay Iran $900 million in two tranches beginning next week to clear part of the past dues for crude oil it buys from the Persian Gulf nation.
Gold loans can be released online or by bank transfers.
Enhanced revenue generation is a priority for the government.
Auditors and promoter entities linked to the UB Group have come under scanner of multiple regulatory agencies for alleged irregularities.
Fund managers weren't too worried in 2014, as it was a year of positive surprises.
Ex-South American soccer chief in FIFA scandal under house arrest.
'The overall stress on asset quality is indeed coming down.'
Indian economy about to take-off
The 54-page Paris agreement draft had been scaled down to 50.
'Without appropriate supervisory constraints in place, banks are in a position to delay the recognition of losses and engage in ever-greening or zombie lending, which is essentially the rolling over of debts of unviable borrowers that would have otherwise defaulted,' points out RBI Deputy Governor Viral Acharya.
'There has to be an 18-month transition.' 'But if the government had some prior knowledge that the high value notes were being used for an imminent terrorist activity in the country, then we have to accept the step.'
Global crude oil prices have slumped by 49 per cent during the same period
India on Sunday hailed the outcome of the climate summit, saying the deal reached has addressed the concerns of the developing countries and given them enough space to grow and take appropriate nationally determined steps to combat global warming.
It was an individual complainant, seeking action against Rs 34 crore (Rs 340 million) he was allegedly duped, and "sham transactions" involving three 'housewives' that has led to regulator Sebi coming hard on the country's biggest real estate developer DLF and its top executives.
Budget should raise revenues & reduce spending to increase capital expenditure.
'It is less polarising than Hindutva.'
Mergers to create at most six state banks
'You cannot fight a disease as complex as COVID-19 without a carefully calibrated, localised response.'
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