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.
Measures may include tax slab and rate revisions for individuals, companies.
A few weeks ago, when Road Transport & Highways Minister Nitin Gadkari launched an electronic toll-collection system on the Delhi-Mumbai highway, television channels reported live from toll plazas showing vehicles with radio frequency identification (RFID) tags in dedicated lanes that did not have to stop for paying cash.
It emphasised that agricultural infrastructure needs considerable investments and hence Section 80IA benefits must be extended to all such investments like IT infrastructure, computers, VSAT, solar panels, water harvesting facilities, storage etc.
This Budget plans for an increase to 10.3% of GDP from 9.9%.
The 7th CPC places the Indian Police Service (and, almost in passing, the Indian Forest Service) on a level with the Indian Administrative Service, leaving the military out in the cold.
Ramon Magsaysay winner Anshu Gupta, whose non-governmental organisation Goonj has been leading the relief efforts in Nepal which was ravaged by a devastating quake in April this year, speaks to Ankita Mishra.
Modi said Nepal and India can benefit if they cooperate and work together for the promotion of five Ts: Tradition, Trade, Tourism, Technology and Transport.
Budget proposals have set four goals to transform Indian Railways.
The Sensex ended lower on unfavourable cues.
The San Francisco-based giant has acquired a Delhi-based company.
Ellison and the two new co-CEOs each stressed that nothing would change under the new management structure, with Ellison staying on as executive chairman and chief technology officer.
In July, IRS officers in Mumbai held an incendiary meeting where they criticised the alleged interference in 'operational matters' by the department of revenue.
As superstar Rajinikanth begins shooting his newest film Kaala Karikalan in Mumbai, there is much speculation about which Tamilian ganglord the Thalaivar is bringing to life.
Meet Jasmeet Singh Sandhu who ranked third in the Union Public Service Commission exam this year.
Lexus continues its hybrid offensive in the country with the new NX midsize luxury SUV that eyes the popular Mercedes-Benz GLC and the Range Rover Evoque, among others
Insolvency professionals feel the bankruptcy code will deter defaulters, but NPAs will not cease unless banks are sensitised on credit appraisal and experts are hired by banks to inspect what is happening with their loans.
Following the Supreme Court ruling against liquor being sold within 500 metres of state and national highways, the infamous Indian jugaad is in play once again. Veenu Sandhu, Nikita Puri, Ranjita Ganesan & Avishek Rakshit find out how India is coping.
Markets end higher ahead of Fed outcome, China stimulus
The success story of Adani's Mundra Port in Gujarat, in terms of efficiency, technology and management, should be replicated at Vizhinjam to ensure that this ambitious project does not fail, say Shehzad Poonawalla and Riya Sinha.
Tirole's insights show how real-world incentives are complicated, and contracts can be difficult to write and enforce.
Prabhat Kumar, who has been appointed as the DGCA chief three months ago, is taking steps to ensure safety of passengers.
Following is the full text of Prime Minister Narendra Modi's address from the ramparts of the Red Fort on the 73rd Independence Day.
Indian economy about to take-off
The meeting will be attended by all heads and EDs of public sector banks
The government has opted for the RuPay debit card over the Aadhaar-based platform for "last-mile" authentication in its Pradhan Mantri Jan Dhan Yojana.
'With increasing numbers of juveniles committing heinous crimes, we believe such juveniles must go into the adult system and be punished,' Minister Maneka Gandhi tells Rashme Sehgal.
'A law firm checked credentials of Karan Ajit Judge and Nouam'
'While I am personally pained at the raids on Dr Roy's home, I want to ask five questions of those crying themselves hoarse over the attack on the "freedom of the press",' says Sudhir Bisht.
Interview with V Balakrishnan, Former CFO and board member of Infosys and AAP leader
In the next few weeks, the Bombay High Court will hear the institute's petition to review its 2011 directive to vacate the land it occupies in Film City.
Upstaged by the swanky malls in town, both M G Road and Brigade Road have lost their "happening" status
NDA government has shunned populism.
'Today, three areas give banks a big headache -- steel, power, infrastructure.' 'Three Cs are very critical in lending -- character, capacity and collateral of the borrower.'
Aditya Puri thinks the government is on track.
From farmers to cement, steel, logistics, transportation and automobiles, the back-end is struggling to get going due to the liquidity crisis.
The Election Commission has a fight on its hand as candidates use ingenious methods to smuggle in money to Voters.
The governments at the Centre and in the state were unprepared to handle the massive response to the large numbers of people, as they were not aware of the groundswell of public admonition that was against the Establishment, says N Sathiyamoorthy.
The three main regulators have different approaches to grievance redressal and different standards to stop harmful from coming pitched at the consumer.
The industry players couldn't hide their disappointment.
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