RBI's draft guidelines prescribe that banks with a strong capital base and NPAs below 3% can become brokers.
E-proceeding of tax scrutiny has certain technical and practical issues which need to be addressed before making the system fully electronically driven.
Today, the single most popular route of laundering is the stock market platform, notes Debashis Basu.
In a significant development, Indian Railways on Thursday joined hands with China to increase speed in its existing rail network, modernise stations and enhance mutual cooperation in the sector in the country.
Signs of a possible solution to the political crisis engulfing Pakistan emerged on Tuesday with the embattled government saying it has reached an agreement with Imran Khan's party on most of their demands, except that of Premier Nawaz Sharif's ouster which it said is non-negotiable.
The government's disinvestment programme is set to get a boost this Diwali, with the finance ministry planning to hit the market to sell a five per cent stake in Steel Authority of India Ltd (SAIL) by October.
In his new role, Subbarao will take part in various activities at NUS Business School, the Institute of South Asian Studies and the Monetary Authority of Singapore.
The finance ministry has put out a revised draft in public domain.
India's ties with Saudi Arabia have been on an upswing over the last two decades based on burgeoning energy ties. Both sides are keen on expanding the economic ties in a range of areas besides the oil sector.
Addressing his council of ministers in a video conference, Modi asked them to prepare business continuity plans to fight the economic impact of COVID-19 on a war footing, but also asserted that this crisis is an opportunity to boost the 'Make-in-India' initiative and reduce dependence on other countries.
On May 16, the leads will start trickling in from morning but the final result is likely to come only after 3.30 pm, beyond trading time for the equities segment in India.
Central Bureau of Investigation on Wednesday registered a record number of 46 cases in a day in connection with its probe in the Rs 10,000-crore Saradha chit fund scam naming Trinamool Congress' sitting Rajya Sabha MP Kunal Ghosh as one of the accused.
Firms that should borrow abroad do not do so enough, and those that should not borrow abroad do.
Over 5 million alumni from the Indian Institutes of Technology, Mumbai University and Institute of Chemical Technology, Mumbai, plan to raise Rs 21,000 crore to start the world's largest infection testing lab in Mumbai.
'MFs have a combined exposure of Rs 3.2 lakh crore to NBFCs, out of which Rs 1.1 lakh crore matures by September 2019.'
The Income Tax Department on Tuesday also raided 20 premises linked to Gitanjali Gems promoter Mehul Choksi and suspected shell firms in connection with an alleged tax evasion case against them, official sources said.
'We are looking at the Budget with the hope that it will address all issues even at the cost of exceeding the fiscal deficit target.'
Olympic officials have showered praise on South Korea's Winter Games organisers for staging a successful event against the odds, but they have also left it with a warning: don't leave any white elephants behind.
According to the latest status report filed by the Delhi Police, Kanhaiya 'actively' participated in the 'unlawful' assembly in which 'anti-national' slogans were raised.
The agency did not seek a reappointment in FY12.
Complaints of electronic voting machine malfunctioning poured in from several booths on Tuesday during the third and largest phase of Lok Sabha polls which saw voters turning out in large numbers to cast their vote in 116 seats, including all constituencies of Gujarat and Kerala.
The buyout will cost LIC about Rs 100 billion, based on the Rs 248 billion market capitalisation of IDBI Bank as on Friday, and assuming it acquires a 40 per cent equity stake from the government.
'The debate, by being mostly in Hindi, lost much of its educative relevance to the southern states.' 'All the prime minister's debating skills and oratorical prowess went over the heads of the South Indian audience,' points out B S Raghavan, the distinguished civil servant.
The Congress, which was not a petitioner before the apex court, wants the Rafale deal to be referred to a Joint Parliamentary Committee to go into the price arrived at by the BJP government versus the one negotiated by the previous UPA regime, as also how billionaire Anil Ambani's group with virtually no experience in manufacture of fighter jets was selected as an offset partner for the deal.
The Child Protection Services programme under the Integrated Child Development Services was increased to Rs 1,500 crore from Rs 925 crore.
Sahara had initiated legal action against the US-based firm.
Mr Swamy has written letters to the Prime Minister's Office asking for Mr Rajan's services to be terminated.
If you're in the market for a new home, now may be the perfect time to make your purchase. But, before making an investment for lifetime, there are many factors that come into play and much to be considered.
Addressing Indian workers at a medical camp in downtown Doha, Modi said he is aware of the issues being faced by Indian workers and the companies that bring them here.
Lashkar-e-Tayiba operations commander Zaki-ur-Rehman Lakhvi, the 2008 Mumbai terror attack mastermind, was on Tuesday summoned by a Pakistani court to appear before it in the next hearing on the government's appeal against his bail in the 26/11 case.
The Right to Information should not be limited to right to know but it should empower every citizen to question those in power, Prime Minister Narendra Modi said on Friday.
A digital economy can only work with uninterrupted electricity supply. So, states now face the unpleasant task of telling their citizens that electricity rates need to be hiked. Subhomoy Bhattacharjee reports.
Rana knew about my association with LeT. I informed him about the training imparted by me to LeT operatives. I disclosed to Rana that I was spying for LeT. This was four to five months before the 26/11 attacks," said Headley.
Penalty for unapproved policy changes allegedly reduced from Rs 17,500 crore to Rs 20 lakh
Penalty for unapproved policy changes allegedly reduced from Rs 17,500 crore to Rs 20 lakh
N Sundaresha Subramanian digs deeper into what Catalyst, an Indo-US project, brings to the payments ecosystem.
Regulator has suggested a lower reserve price even in service areas where spectrum was sold in November 2012.
The NHRC issued notice to the Union ministries of home and human resource development seeking a report over the reported ill-treatment of Kashmiri people in the aftermath of the attack.
The problem can be met, according to Shubhashis Gangopadhyay, research director of India Development Foundation, by the government tapping into its own land holdings.
'Galbraith had a powerful ally in Washington -- not as blunt and direct as the ambassador -- but committed to see Krishna Menon go.' 'This was President Kennedy himself.'
