Reserve Bank, in its mid term review of the monetary policy on Friday, decided to hike short term policy rate by 0.25 per cent after a gap of two years and ease liquidity by reducing the marginal standing facility rate for banks.
Will help in reviving the economy and push investment.
The Reserve Bank of India is likely to cut policy rates by 0.25 per cent and keep the cash reserve ratio unchanged at its policy review next week, on the back of slower-than-expected growth and more encouraging inflation readings, says a report by HSBC.
Seen as a major initiative, the 'strategic partnership model' aims to create a vibrant defence manufacturing ecosystem in the country through involvement of both the major Indian corporates as well as the MSME sector.
The government on Wednesday decided not to hold special session of Parliament to pass the constitution amendment bill for rolling out Goods and Services Tax and will recommend to the President to prorogue the Monsoon Session.
India Ratings expects long products demand growth to be sharp, supported by a demand push from the government-led infrastructure investments in affordable housing, railways, rural electrification and road networks.
The BJP leadership knows it can't boast of governance in the state as the Bommai government has little to show. So, the game plan is to project Modi, who will reiterate how important it is for a state to have the same party ruling in power at the Centre, observes Ramesh Menon.
India's plans to relax foreign direct investment (FDI) rules across a broad spectrum of industries have received the final approval from the Cabinet Committee of Economic Affairs (CCEA).
Sidhu, who had been at loggerheads with Chief Minister Amarinder Singh, had stayed away from all Congress activities ever since he resigned as cabinet minister last year.
The rupee is being driven into a vicious circle.
London Olympics bronze-medallist M C Mary Kom has finally been alloted the plot of land promised to her by the Manipur government to expand her boxing academy.
The Chinese authorities have been rapidly building defence infrastructure along the Line of Actual Control, indicating that they are preparing for a long period of tension with India, points out Jayadeva Ranade, the former senior RA&W officer and China expert.
Committing to more steps to boost economy, the Finance Ministry said initiatives taken by the government in the past one year will boost investment and revive the sagging growth.
Sarma's eyes, according to those close to him, were always set on the top job in Assam. However, the leader who owed his early rise to two former chief ministers from the Congress had to toil for many years with dogged determination to achieve his goal.
PM to launch works on Zojila tunnel, other infrastructure projects.
The CAD in 2012-13 was at 4.7 per cent of GDP and in 2013-14 it will only 1.7 per cent, the Finance Minister said.
Enunciating slew of measures initiated by the UPA to augment the sector, the finance minister said 19 oil and gas blocks were given out for exploration and 7 new airports are under construction.
The Maharashtra State Road Development Corporation (MSRDC) on Monday said that Reliance Infrastructure-Hyundai consortium would build the sealink between Worli and Haji Ali.
The fiscal policy, he said, needs to be better and the first priority should be to address areas that are like low-hanging fruits
The BrahMos systems for the two ships are estimated to cost Rs 25 billion, making it the world's most expensive anti-ship missile.
The Tejas Mark 1A outperforms the Sino-Pakistan JF-17 Thunder in avionics and weaponry, but the finance ministry's tax burden makes the Indian LCA costlier and hurts it in the export market.
Industry chamber Federation of Indian Chambers of Commerce and Industry said the Reserve Bank of India should intervene and cut interest rates.
'National assets, created over the years through tax-payers's money, should not be handed over to business houses at throwaway prices.'
Wang Junzheng, Tibet's new Communist party boss, is on a number of sanctions lists by the US, Britain, the EU and Canada, for his tough role in Xinjiang, aimed at China's Uyghur ethnic minority, observes Jayadeva Ranade, the retired senior RA&W officer and distinguished China expert.
The Prime Minister directed that a special cell be created immediately in the Cabinet Secretariat.
Everything you wanted to know about the Mumbai-Ahmedabad bullet train but didn't know who to ask.
The Union Cabinet will soon take a call on setting up Railway Development Authority of India, an independent regulator, which will decide on passenger and freight rates
Hit by delays and escalating cost of infrastructure, the 2010 Commonwealth Games received a massive monetary boost on Thursday with the central government allocating Rs 1620 crore as loan to the Organising Committee of the event.
Boosting the army's war fighting capabilities along the Line of Actual Control, the government on Wednesday given a go ahead to the creation of a corps including deployment of 50,000 additional troops along the China border at a cost of around Rs 65,000 crore.
Ramesh Menon, the veteran journalist suggests Prime Minister Narendra Damodardas Modi what he should do if he wants to win 2024 Lok Sabha elections.
Though the Railways is yet to declare any five-year action plan, it is clear the government is not in a position to hand-hold it for any major expansion or upgrade. The issue, however, is how far the Railways can function within the PPP format. Recent history highlights some of the challenges.
RIL may go to arbitration which may lead to further delay in production and extra cost associated with the arbitration.
IMF projected India's economic growth at 4.25% in 2013-14.
Policy lays out a 5-year road map seeking creation of 3.5 mn jobs and promoting 10,000 start-ups.
Amarinder said predictions by health experts about the spread of the pandemic are 'horrendous and frightening'.
The recommendation is being forwarded to the Union government.
The ministry's year-end review is silent on the continued occupation by Chinese troops of territory that India has always claimed and patrolled.
The storm is likely to impact Mumbai, Thane and other coastal districts of Maharashtra like Raigad and Palghar along with Valsad, Navsari, Surat, Bhavnagar and Bharuch districts of Gujarat and Union Territory of Dadra and Nagar Haveli and Daman and Diu. Preparations for the impending cyclone were discussed at a meeting of the National Crisis Management Committee (NCMC), headed by Cabinet Secretary Rajiv Gauba, a home ministry statement said.
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The development comes after the National Democratic Alliance government this year broke a 92-year-old tradition of presenting a separate Railway Budget, according to suggestions made by the Debroy committee.
The current estimate, however, largely covers only the cost of infrastructure such as pipes, construction of borewells, overhead costs among others and not the expenditure to be incurred on operation and maintenance.
