This can mean companies like Apple, Zara can sell in India through wholly-owned subsidiaries
However, the realty players will have to pursue their long-pending demands with the state government for abolition of the Urban Land Ceiling Act, speedy approvals to expedite redevelopment of Maharashtra Housing and Area Development Authority buildings, development of cluster development, rental and affordable housing.
'Banks are being encouraged to lend instead of parking their resources with the RBI and earn risk-free interest income,' points out Tamal Bandyopadhyay.
The BSE and the NSE have also been asked to provide inputs.
What could be the reason for this swift change in less than four years of Mistry taking charge? People in the know said it was building up. The latest trigger was Tata Power's acquisition of Welspun Renewables' solar and power assets
Amendments to RBI Act likely soon
The change from wholesale to retail inflation as an anchor means that the weightage of diesel in inflation has decreased
Banks are in the process of getting a board-approved restructuring framework in line with the RBI's framework and eligibility defined by the central bank.
Move to increase 90-day window to 120 days to give more time to borrowers to service loans.
The party plans elaborate year-long celebrations to commemorate his 125th birth anniversary next year. Kavita Chowdhury reports
Gas prices have fallen to $10 per million British thermal unit. But the fate of the power project, run by Ratnagiri Gas and Power Pvt Ltd, will hang in balance till the committee takes a decision on gas pooling, reduction in certain taxes and providing per unit subsidy.
According to Soumya Kanti Ghosh, chief economic advisor of the State Bank of India group, a 50 bps rate cut is a possibility, but 25 bps is more likely.
According to the final recommendations of an expert committee, the weight of primary (unprocessed) food items will go down by 0.5-1.0 percentage points in the new series compared to the current one
'The new ceiling will cover around 93 per cent of all deposit accounts, up from 90 per cent earlier,' notes Tamal Bandyopadhyay.
Combining affordable IT with native Indian ingenuity and entrepreneurship F C Kohli believed would enable Indian small businesses match anyone and thrive.
In many cases, all that is required is a final letter from the ministry
Lower inflation, FCNR(B) outflows likely to influence central bank decision
India may adopt norms similar to the US Federal Reserve model, which regulates conglomerate-led banks in the country.
Hindalco has already bagged 4 mines in Jharkhand and Chhattisgarh
'People know if inflation is not within the tolerance band, then action will be taken so they do not expect inflation to rise above that.'
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.
Hundreds of Jokatte villagers adjacent to MRPL refinery near Mangalore have complained of air, noise, water pollution from plant.
The former RBI deputy governor talked about the prospects of an economic revival, reforms in IMF, etc.
There is a near consensus that at least a 25 basis points cut, if not 50, can be expected in the June policy.
The return of Indian Readership Survey numbers has met with a silent response.
There is no substitute for hard work. I think the smartest people in life don't get ahead. It's the hard working people who do, says Rishad.
The ICICI board, which consists 12 members, is divided on whether Kochhar should be on leave during the internal enquiry
A Delhi University alumnus with an MBA in finance and a doctorate, Vaish started his career as a banker in 1984, became an academician a few years later and joined the capital market in 1998.
'We all wanted a strong Centre with a decisive mandate from the people, to allow them to take bold decisions.'
UV Asset Reconstruction Company Ltd has made the highest bid of Rs 16,000 crore to buy Anil Ambani group's Reliance Communications and Reliance Telecom, which are in the National Company Law Tribunal (NCLT). Last year it was the highest bidder for taking over Aircel's assets for an upfront payment of Rs 150 crore. Surajeet Das Gupta and Dev Chatterjee dig deeper to find out more about this little known company.
Companies are worried that any staggered roll-out of GST could result in cash flow issues with businesses not able claim tax credit due to breakage in the chain
'The AMs are a different beast and reflect the political play within the government.' 'Prime Minister Modi does not need to assuage any interest group to take the final call on any decision that belongs rightfully to the Cabinet,' points out Subhomoy Bhattacharjee.
DIPP had proposed 100% FDI in Railways, which it had to now scale down to 74% in certain areas
Govt resists pay panel suggestion on scrapping allowances for acting, bad climate, family planning, funeral, robe maintenance and even hair cutting.
RBI Governor Raghuram Rajan is regarded as credible by global financiers.
Agreement 'endorsed' by members and being legally vetted but will be part of the main Doha agenda only after a tenuous process.
Experts are betting big on the clause that talks of capital gains.
A survey conducted by Business Standard reveals that a majority of the country's states are still firmly against the move, while a few are open to considering only conditionally.
IMF projected India's economic growth at 4.25% in 2013-14.
Consensus building is likely to be the biggest casualty.
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