Banks in talks with temple trusts to push gold scheme
The Centre's push to sell Air India on priority has led to delays in other strategic divestment proposals, such as privatising United India Insurance, as well as ongoing transactions, such as Shipping Corporation of India (SCI) and Bharat Petroleum Corporation (BPCL), revealed multiple officials involved in the process. The Department of Investment and Public Asset Management (DIPAM) is yet to take new privatisation recommendations of the NITI Aayog to the core group of secretaries on disinvestment (CGD) headed by the Cabinet secretary, said one of the officials. The priority now is to ensure all approvals for Air India are in place since the government intends to hand over the national carrier as early as this month.
Senior New Delhi-based journalist R Rajagopalan, who has been closely following the Union Budget preparations since 1977, lifts the veil off India's most secretive operation.
RBI is scheduled to announce mid-quarter review of monetary policy for 2013-14 on June 17.
Following is the gist of the controversy over sudden transfer of West Bengal Chief Secretary Alapan Bandyopadhyay, who retired on Monday, to Delhi and related rules.
The government is also working on Euroclearing, the world's biggest bond settlement system, for Indian debt securities.
Govt to chalk out entry of sovereign funds from Abu Dhabi, Qatar into such projects.
Doubts over implementation of a Cabinet-approved strategic sale policy are puzzling.
According to the third batch of supplementary demands for grants tabled in the Lok Sabha, approval is being sought for gross additional expenditure of over Rs 1.58 lakh crore.
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The rupee and equity turmoil seem over, with interest shifting to key personnel changes and 2014 polls.
The RBI has also been asked to consider displaying this information on its website.
Since December 2018, monetary policy has been eased substantially by RBI with policy rates being cut by 75 bps and policy outlook being changed to 'accommodative'.
Many argue there's a mismatch between Prime Minister Narendra Modi's focus on international exposure and his government's diktat to officials on limiting travel.
This can mean companies like Apple, Zara can sell in India through wholly-owned subsidiaries
In the first half of the fiscal year, government had borrowed Rs 3.44 lakh crore.
Currently, most crowdfunding platforms neither operate with proper authorisation nor are governed under any law.
The government cleared the proposal despite opposition from the petroleum ministry, which says this is not the right time for divestment as the sector is moving from trade parity to export parity pricing.
"How many more lies will be peddled to sustain a sinking dynast? India, certainly deserves better," Jaitley said.
Virtual currencies don't have any intrinsic value and are not backed by any kind of assets.
Jaitley said each of the regions in the world is trying to do its best.
Amidst Finance Ministry raising prospects of forcing Reliance Industries to sell gas at old price of $4.2, Oil Minister M Veerapa Moily on Thursday said there was no rethinking in the government on the decision to double gas rates from April 1, 2014.
Other measures being considered include relatively stringent KYC norms and a separate standard operating procedure for approval, renewal, and fresh investment from India's neighbouring countries.
Arun Jaitley addressed a post-Budget press conference.
The total valuation of Tata Teleservices, according to the valuer, was only Rs 11,000 crore (Rs 110 billion), against the pre-agreed valuation of Rs 27,000 crore (Rs 270 billion).
'The target for next year is unlikely to be more than that of this year. The more you divest in any cycle, the less your potential pipeline for the next,' said an official. 'The first two issues we want to tackle and complete in FY20 are Air India and Hotel Ashok.'
Sujatha Singh is the third senior official to have been dismissed by NDA.
Instruments such as Reits, InvITs, unsponsored GDR, GIFT find few takers.
There is as yet no clarity on how the process of consulting with the RBI Governor, initiated under Section 7 of the RBI Act, would unfold in the coming days. The government is keen that its suggestions made in the public interest should be heeded by the central bank, says A K Bhattacharya.
The Assam government has set up an eight-member committee to prepare a framework for implementation of all clauses of the 36-year-old Assam Accord, especially the Clause-6 report prepared by a central panel pertaining to protecting the cultural, social and linguistic identity and heritage of the indigenous people, officials said on Saturday.
Citizens of many countries including Iran, Sudan and Cuba, who come in large numbers to India are facing severe problems as they do not have international credit cards
'It is entering growth territory on a month-on-month basis.'
Jaitley said note ban has compelled people to deposit money into bank accounts.
The Covid pandemic has left a question mark on how the central government manages its staff.
'GST had to come close on the heels of demonetisation as part of the same package.'
Yes. Whilst public expenditure is kicking in, the key reason is the decline in private investment
The country had imported 5.5 million tonnes of pulses last year.
India's total purchase of oil from Russia in a month is probably less than what Europe does in an afternoon, External Affairs Minister S Jaishankar said.
Launched by the ministry of housing and urban affairs, the ease of living index (EoLI) is aimed at providing a holistic view of the country's cities. These will be done on parameters like services provided by local bodies, effectiveness of the administration, outcomes generated through those services in terms of liveability and citizens' perception of the outcomes.
Spurring the economy, currently in the throes of a slowdown, remains the prime focus for most ministries, but the government is also looking to make women's welfare and environmental protection key to policymaking in this term.
'In a serious fiscal situation like this, an ostrich-like focus on annual budgeting, event management and defensive rhetoric will only make matters worse,' warns Rathin Roy.
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