The rural co-operative credit sector in the country is set to get a boost with $1 billion loan from the Asian Development Bank to the centre.
If the fiscal deficit for the year can be maintained at Rs 7.04 trillion, the deficit as a percentage of GDP will slip to 3.44 per cent
A powerful senatorial committee on Wednesday is set to consider a bipartisan resolution to recognise Arunachal Pradesh as an integral part of India, pushing back against China's military aggression to change the status quo along the Line of Actual Control.
At this year's TIME ball in New York City on Thursday, April 25, you would have run into a Coimbatore-born American scientist, looking lovely in Sabyasachi Mukherjee designer finery, who would most likely have been hanging out with Dua Lipa.
The government on Wednesday cleared the setting up of an Investment Commission to woo foreign as well as domestic investors for major projects in the country.
The SERT, an autonomous body of the general education department, is considering a decision by its curriculum steering committee to include these deleted portions in the state syllabus.
Traditionally, the Budget making exercise begins from mid-October.
The appointment of new expenditure secretary comes a month-and-a-half ahead of the Budget for 2020-21 to be presented on February 1.
Tech giant allowed to set up fully owned shops, with 30% local sourcing like everyone else.
Rakesh Mohan, Secretary, Department of Economic Affairs, on Tuesday pointed out that the Indian economy was on the move with the gross domestic product growing at about 7 per cent last year and investment levels in the country also going up.
The Department of Telecom gearing up for the 3G spectrum auction as per schedule on January 30 and has left it to the Cabinet Committee on Economic Affairs to take a call on the reserve price for a pan-India 3G licence.
One representative of the government as well as that of the Indian Banks' Association have been included in the expert committee which will advise the government on the new company law.
The department of economic affairs is said to be in discussions with various probe agencies, including the income tax department and the Enforcement Directorate, and bankers in drafting the final rules.
With the shifting of the Foreign Investment Promotion Board to the finance ministry, the government has now reconstituted the board appointing Finance Secretary S Narayan as its chairperson.\n\n\n\n
An alumnus of St Stephen's College, Delhi, his professional career began in the early 1990s. He completed a Master's degree in international affairs from Columbia University during 1996-98. And an MBA from Northeastern University, Boston.
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The National Spot Exchange Ltd, promoted by Jignesh Shah-led Financial Technologies, is facing a Rs 5,600-crore (Rs 56-billion) settlement crisis.
The government and World Bank on Tuesday signed an agreement for a credit of 180 million SDR ($250 million equivalent) from International Development Agency for the Technical Engineering Education Quality Improvement Project.
The Congress on Wednesday said the opening up of the insurance sector is largely concentrated in urban life market, not addressing issues in health, rural and pension sectors. \n\n\n\n
Who will be India's new finance minister, when Dr Manmohan Singh will take oath as India's 14th prime minister on Saturday? Tell us.
He alleged that India "lost access to 26 out of 65 Patrolling Points" which was not the case before May 2020, and questioned the Modi government's "silence" on the issue.
6 locations in New Delhi and 2 in Mumbai were raided.
The government on Monday approved the appointment of B P Mishra as the new executive director of International Monetary Fund.
As banks improve their risk management systems, the intermediation cost as well as potential NPAs will come down.
The shift was sudden, quite unlike Shukla's departure from North Block, which had been anticipated for some months even before Singh''s first Budget.
FDI into the country increased by 30 per cent to $21.62 billion during April-September this fiscal.
Approval comes 6 months after Swedish clothing giant applied for India entry; FIPB now to consider on Oct 18.
Only NIIF has stayed the course as a viable infrastructure financing institution.
The government is understood to have rejected J P Morgan Securities India's plea to waive the condition of mandatory divestment of 25 per cent equity.
The reshuffle is aimed at speeding up the implementation of the government's ambitious programmes like the SmartCity project and focus on key sectors like Mines, Information Technology and Road Transport.
As the Under Secretary for Commerce, Juster played a key role in developing the Indo-US deal.
Economic affairs secretary S C Garg said that all macroeconomic parameters are performing well.
The differences revolved around the two topics of how much reserves the RBI should carry and whether the finance ministry had precipitated matters by invoking Section 7 of the RBI Act, that allows it to give directions to the RBI in public interest.
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