Home buyers would be able to invoke Section 7 of the IBC against errant developers.
Contract finally given for Rs 2,400-cr project, with GIFT City-like features
Move aimed at boosting retail investor participation in disinvestment.
India's ailing banks need immediate attention.
FDI in brownfield investment has resulted in acquisition of domestic drug-manufacturing firms by multinational companies.
The Reserve Bank of India (RBI) on Thursday paved the way for niche banking by issuing draft guidelines for setting up payment banks and small banks.
The scandal stemming from longtime USA Gymnastics doctor Larry Nassar's sexual abuse of young female athletes could take a financial toll on the sports federation for years, sponsorship executives said.
'The Reserve Bank's independence has remained a work in progress, an enduring challenge that the nation has been grappling with on an ongoing basis,' says RBI Deputy Governor Dr Viral Acharya.
Ahead of the Parliament session, Prime Minister Narendra Modi on Wednesday reached out to parties appealing them not to come in the way of prosperity of farmers, saying the deadlock over the land acquisition bill is seriously impacting rural development.
The RBI governor-designate may be economical with spoken words, but is known for his sharp and critical writings
Economic reforms seem to be on a slow train, while good old fiscal populism is alive and flourishing.
The gross bad debt of the Indian banking system as of March was at Rs 7.11 lakh crore
Tata Sons, holding company for the Tata group, is working on building a centralised rural business platform that could be leveraged for the entire group's benefit, instead of each company looking at it separately.
Parekh said divestment can unlock huge funds.
Admittedly, EVMs too have a UID number and any convergence of data can make the secret ballot system a party of history, warns Dr Gopal Krishna in the 5th part of his series against Aadhaar.
Abu Dhabi national carrier had bought 24 per cent stake in Jet Airways for $379 million in April.
PS banks need to pull up their socks to improve cash flows.
This roadmap will benefit nearly 13 lakh students who have registered for the medical entrance exam this year.
Reason behind for the change in his stance: gas price increase.
US to fix the immigration system that keeps American firms from hiring the top world talent they need.
Exemption from minimum alternate tax for REITs & infrastructure investment trusts; Depository receipts on all securities eligible for tax benefit
'Making the railways better is a different type of a challenge.'
Sahil Kapoor of Edelweiss Retail Capital Market Research says that setting up a monetary policy committee should have been the first step. And the central bank could have moved towards a formal inflation targeting mechanism after the processes and data sets are in place.
Kirti Azad, a known detractor of Jaitley, egged on the Congress to seek a time-bound SIT probe.
The NHRC issued notice to the Union ministries of home and human resource development seeking a report over the reported ill-treatment of Kashmiri people in the aftermath of the attack.
Honest tax payers need not worry about the new black money law, says finance minister Arun Jaitley.
West Bengal was the second-most industrialised state in terms of value added and first in terms of number of factories and employment even in the mid-1960s. With a severe and long process of deindustrialisation, it lost its primacy.
'We feel there is definitely something murky in the system.' 'Will anyone believe that Nirav Modi will go to a branch and bribe a low-level officer?' 'Just look at the people with whom he had moved around.'
RBI governor Raghuram Rajan says, laws must be tightened for freeloaders.
The comments come at a time when the Supreme Court-constituted Special Investigation Team has detected funds worth about Rs 4,479 crore (Rs 44.79 billion) held by Indians in a Swiss branch of HSBC bank, while unaccounted wealth totalling Rs 14,958 crore (Rs 149.58 billion) have been traced within home.
What is required from government is intellectual framework.
Lack of decisiveness and courage to deal with PSBs may turn out be the biggest impediment to the Modi government's economic initiatives, says Debashis Basu.
BJP president Amit Shah had said during the campaign that the party was fighting the election under Rupani and Nitin Patel.
All evidence suggests that the US Federal Reserve will raise interest rates soon.
'The cash part is the lower hanging fruit compared to the other sources.' 'To attack the cash part of black money, I can't think of anything else but demonetisation.'
Mamata woos industry with boat ride to Gangasagar, Sundarbans
Deepak Narang, executive director of United Bank of India, speaks on Vijay Mallya's 'wilful defaulter' status.
'We have promised to ensure reduced tax rates.'
We need a change in mindset, says the RBI Governor.
Chief Economic Advisor Arvind Subramanian's interview.
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