Finance Minister Nirmala Sitharaman on Monday assured the industry that momentum of economic reforms will continue to make India a hotspot of global investment. India has turned the crisis created by COVID-19 pandemic into an opportunity to push the economic reforms, which remained pending for decades, she said while addressing the National MNC's Conference 2020 organised by industry chamber CII.
Last week, the Supreme Court refused to grant interim relief to the operators.
The race to get a New Umbrella Entity (NUE) licence for digital payments may get crowded. As many as six consortiums are said to be in the fray to apply for an NUE licence, which would create a for-profit National Payments Corporation of India (NPCI)-like body for retail payments. A consortium led by Financial Software and Systems (FSS), a leading provider of payment products and payment processor, is in talks and may file an application to the RBI for an NUE license, said sources aware of the development. The other constituents of this group include Indian Bank, Central Bank of India, India Post Payments Bank, National Bank for Agriculture and Rural Development (Nabard), and a few small finance banks.
With the signing of the pact, the Quad grouping of India, Japan, Australia and the US is set to gain more heft now, notes Dr Rajaram Panda.
An influential group of Indian American doctors has campaigned at the Capitol Hill for Dr Vivek Murthy, who has been nominated by President Barack Obama for the post of surgeon general of the United States.
Trai said the reports that compensation was not feasible were based on wrong inputs.
While Bihar and J&K have the least proportion of bank account holders using debit cards at PoS machines, Telangana's record is the highest.
Lt Governor says discoms must cooperate or face cancellation of licences. Ficci cries interference.
Concerned over the series of attacks on mobile phone towers in the valley, the Centre also issued an advisory to the state government.
Department of Telecom had sought the legal opinion of the matter from the government's counsel.
The Central Bureau India (CBI) on Monday alleged before a special court that Essar Group of companies had created a "corporate veil".
Companies might have to shell out a fourth of the industry's annual net revenue to clear the obligation
Cyberspace is a battleground as important as the traditional domains of air, land, sea and space, says US Defence Secretary Ash Carter, who visits India next week.
Companies are innovating with tech tools to ensure that you spend less time at the cash counter.
India has been able to attract 40 global smartphone makers to the country -- creating at least 50,000 jobs. But GST could hurt that, discovers Ayan Pramanik.
'If the RBI blesses us with a banking licence, we would like to launch a successful bank.'
Trai calls both Jio and incumbents for a meeting to discuss the issue
Shops, business establishments and schools remained closed due to the strike called jointly by the JKLF, Hurriyat Conference factions led by Mirwaiz Umar Farooq and Syed Ali Shah Geelani; and supported by almost all separatist groups in the Valley.
In July, IRS officers in Mumbai held an incendiary meeting where they criticised the alleged interference in 'operational matters' by the department of revenue.
Instead of only government departments and state-owned undertakings, the CAG can now audit private companies, too.
The transition to a single, nationwide tax on goods and services will streamline business and boost the economy by tearing down barriers between 31 states and union territories.
On matters relating to the Diaspora, the Centre needs to call the shots, suggests Ambassador T P S Sreenivasan.
BSE proposes two models for making gold trading and investment transparent
At Rs 2,685 crore for 1MHz pan-Indian spectrum, reserve price would be 52% higher than that of 1,800MHz band
'The reason is that you may not enter the branch but you want to see it near you as it establishes trust.'
DoT decides not to scrap dual-technology telecom licences
India's national security strategy needs to be revised periodically since the global and regional geopolitical situation is dynamic, points out Commodore Venugopal Menon (retd).
'The Thai junta, who immediately took control of the operations in a military manner, took the decision to involve the best world professionals for the rescue.' 'This made a huge difference.' 'It is highly probable that in India, the authorities would have said, "We have the expertise, we don't need foreign aid",' says Claude Arpi.
Parekh ensures that he never forgets the importance of correctness.
'In the hands of a majoritarian government, with utter contempt for the cultural plurality and diversity of our great nation, the pipe dream of making Hindi the sole official language takes on nightmarish proportions.'
The uniform SUC, if implemented as per recommendations made by Telecom Regulatory Authority of India, will provide relief for mobile operators such as Airtel, Vodafone and Idea, but will increase rates for broadband wireless access spectrum holders like RJIL.
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Banking as we know it will stand on its head in the next 10 years.
Shares of hospital operators, health services providers and insurers rallied broadly
India is free, certainly, and has been so for 70 years. But are Indians free-spirited? asks Shreekant Sambrani.
Experts share their views on the steps that will help businesses become GST-ready.
The interface allows you to add multiple banks and transfer money, even between payment wallets, for a fraction of existing costs
IT industry hiring big time, but quality concern persists.
The cap of Rs 10,000 on daily withdrawal has also been removed.
While the draft M&A policy for the telecom sector has been revised a few times over the past few months, DoT has not made any major changes to guidelines.
Ahead of the assembly elections next year, the BJP has been wallowing in a welter of ideas that has resurrected the debate on populism versus pragmatism, as it has to pander to two important but incompatible constituencies, of the freebie consuming masses and Bengaluru's heavy hitters craving for even roads, pristine lakes and unbroken power supply, reports Radhika Ramaseshan.
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