Even today, many MFIs already distribute pension and micro insurance products to low-income households.
All sectoral indices, led by realty, PSU, oil & gas and banking, were in positive zone with gains of up to 1.25 per cent.
Criterion for corporates will effectively rule out entry for business houses.
The Delhi high court on Thursday directed the city government to stop erickshaws from plying on the roads of the national capital "as of now". "Stop it as of now," a bench of justices B D Ahmed and S Mridul said, while observing that "unregulated plying of vehicles on Delhi roads is prima facie a hazard to other traffic on road as well as the citizens".
Both have made factory jobs the centre of their economic agendas. Kanika Datta explains the practical limits to their ambitions.
Launches and sales of house property have seen a continuous drop.
The West Bengal CM also said that she wasn't averse to working with the Congress and expressed confidence that a grand alliance of opposition parties is possible.
The change in the latest Budget will impact the sale and rent of SEZ units of companies like Adani Port, which has large SEZs in Mundra.
'LIC's proposed investment will come out of what is technically called the 'policyholders funds'.' 'As the name implies, these monies belong to policyholders; that is, you, me and 25 crore others who have taken a total of 30 crore policies from LIC.' 'It is not the government's or LIC's money to play poker with,' says S Muralidharan, former managing director, BNP Paribas.
The announcement comes on the first anniversary of the project.
'The government believes there is still significant scope to bring more people under the tax net and collect the right amount of taxes, in cases where taxpayers are underpaying,' says Kuldip Kumar, partner and leader personal tax, PwC.
Delhi assembly on Friday passed the Janlokpal Bill, incorporating suggestions of Anna Hazare, which provides for an ombudsman with powers to act against any government functionary.
If you're looking for immediate returns, it is unlikely to happen in today's environment
Reducing it to 1.3% would lead to savings of Rs 70,000 crore over 5 years
Arun Jaitley had proposed in the Budget to double the rate of capital gains tax on debt MFs to 20%.
The domestic car sales volume of the company is also growing at 15%
Viom Networks is planning to raise arouns Rs 1500 crore (Rs 15 billion) and is likely to list its shares on the London Stock Exchange (LSE), say sources.
While there's tax arbitrage advantage in ULIPs now, experts say investors should prefer mutual funds for long-term savings.
The party president also said that India's self-confidence, pride and scale of ambition have grown manifold in three years.
A summary of sports events and sports persons, who made news on Monday
Vastu Housing Finance is trying to leverage technology to distinguish itself in a crowded space.
The party, in a resolution adopted at its 84th plenary session, accused the National Democratic Alliance government of pursuing a foreign policy "bereft of focus and direction".
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Sebi keen to attract larger number of retail investors
The lock-in would be for a period of six months.
Here's the full text of President's address with a word cloud.
UK-based Diageo paid Rs 3,030 for a share of United Spirits Ltd, more than double of Rs 1,440 it offered in the previous bid last year.
Indian markets rose 19 per cent in the first half of this financial year, the best performance by any market during this period, globally.
Hails country's recent digital highways and predicted India to become digital content capital of world.
The tax computation compares the original cost, along with the stock value on January 31, and grants benefit of the higher of the two.
Group Captain Murli Menon (retd) reveals how India can neutralise the Pakistan air force's combat capabilities without firing a shot.
'The autonomy of essential institutions is clearly under question as the Modi government seeks to influence them politically.' 'The credibility of institutions such as the EC, the CBI, the CVC, the UPSC, the RBI, media, and universities, has been compromised,' notes Zoya Hasan, the distinguished political thinker.
The deal with Iran does not address any of the major issues thrown up by Tehran's ambitions, says Claude Smadja.
The economy could return to 8% growth by the end of 2017-2018, says Arvind Panagariya, vice-chairman NITI Aayog.
Thirty years after the massacre at Tiananmen Square, coerced collective amnesia envelops the Chinese nation about that horrific event. Claude Arpi glances back at how the student uprising could have changed the Middle Kingdom forever had the Chinese Communist party not traveled on the route of martial law.
Retention of Murthy within the promoter group was crucial for Infosys as the company believed the promoters' relationship would help the company in difficult times.
All India Anna Dravida Munnetra chief V K Sasikala on Wednesday visited the memorial of J Jayalalithaa and the Ramapuram residence of party founder M G Ramachandran before leaving for Bengaluru to surrender before a court.
Worries remain on earnings-valuations mismatch, global issues; resolution of the MAT row could be biggest positive trigger
IndiGo is arguably more a financial services company than airline.
Why did the Chinese military take over the lab in Wuhan in end January? Did something go wrong? Claude Arpi glances at the mystery surrounding the origin of the coronavirus.
To take the Rs 49,000 crore ITC to the top slot in the highly competitive FMCG business will require some aggression.
