Under the RFQ, companies had to initially participate in technical bids based on certain minimum criteria such as net worth, experience and so on. Only five or six companies that scored the highest on this basis were then permitted to put in financial bids.
The finance ministry on Friday said it has proposed a two-slab GST rate structure to the Group of Ministers (GoM), along with special rates for select items.
Maharashtra minister Manikrao Kokate was stripped of his portfolios after being convicted in a 1995 cheating and forgery case. His ministries have been reassigned to Deputy Chief Minister Ajit Pawar. Kokate has been admitted to Lilavati Hospital after complaining of chest pain.
The Delhi High Court has asked the central government why it cannot reduce the GST on air purifiers, considering the poor air quality in Delhi. The court's concern is that the current 18% GST makes air purifiers unaffordable for the common man.
The government hopes the latest action will lead to banks also lowering the cost of borrowing for corporate and individual borrowers.
By enabling real-time data sharing, the platform will help prevent scams and ensure secure transactions.
This was perhaps a missed opportunity for India to spotlight a core domestic challenge: The scale of workforce preparation required for a young, populous, rapidly growing country seeking to reach net zero, points out Radha Roy Biswas.
The best course for the government at this time would be to tighten the seat belt a little more, without compromising on its investments in creating better infrastructure and giving a push to privatisation, points out A K Bhattacharya.
'The real story of 2025 is that India officially stopped being a 'market of the future' and started acting as the world's primary economic engine.'
The government on Wednesday approved two schemes worth Rs 45,000 crore to help exporters tide over the impact of high tariffs imposed by the US on Indian shipments.
The finance ministry is learnt to have raised a serious objection to the proposed relaxation in the foreign direct investment norms in restricted sectors such as telecom and insurance.According to sources in the government, in a meeting of a group of ministers on Tuesday, the finance ministry representatives argued that the proposed relaxation would effectively remove the current limits in the respective sectors. Sources said senior members of the GoM also objected.
People giving me unasked for advice of discipline and restraint don't realise that if I disregard discipline there would be a bloodbath.
They weren't up for a windfall even after the trophy but life was certain to get a lot better as some sponsors and state governments stepped up to lift them financially.
The CBI arrested Shafat Ahmed Shangloo, an absconder carrying a Rs 10 lakh reward, in connection with the 1989 kidnapping of Rubaiyya Sayeed. He is allegedly part of a conspiracy hatched by the banned JKLF.
India's exports jumped by 19.37 per cent to $38.13 billion in November, while imports dipped by 1.88 per cent to $62.66 billion, according to government data released on Monday.
Three key babus will make room for a new set of officers to carry the baton of Budget programmes.
India's consumer price index (CPI)-based inflation could ease in the coming months thanks to the arrival of kharif crops, lower international commodity prices, and a pass through of lower input costs to consumers, the finance ministry said in its Monthly Economic Review (MER) for October, which was released on Thursday. The MER, however, warned that the global macroeconomic situation remained precarious and a recession in many advanced economies would impact India's exports. "Easing international commodity prices and new Kharif arrival are set to dampen inflationary pressures in the coming months.
'If the near-term economic pain is absorbed more by those who have the ability and the financial strength to do so, then small and medium enterprises in downstream industries will emerge stronger from the trade imbroglio.'
The National Stock Exchange, Bombay Stock Exchange, MCX Stock Exchange and United Stock Exchange have been invited for the August 6 meet.
India's market regulator is moving ahead to include real estate investment trusts (Reits) in benchmark indices in a phased manner, Sebi chief Tuhin Kanta Pandey said, while asserting that the regulator was working to strengthen the link between infrastructure building and the markets.
The review will help all the banks find if there is any loophole.
The row over the 2G note on Tuesday resonated in the Joint Parliamentary Committee meeting with members alleging that facts were being suppressed, prompting the Committee to summon two top finance ministry officials besides demanding affidavits from government that all relevant documents have been given.
Falling rupee, sluggish stock market is set to make his task more challenging.
The MPC states that the 4 external members will have a tenure of four years each.
The Supreme Court has directed the CBI to conduct a pan-India investigation into digital arrest scams and questioned the RBI about its lack of AI usage in detecting and freezing accounts used by cybercriminals.
The Bill is likely to pave the way for amending two existing legislations -- the Atomic Energy Act 1962, and the Civil Liability for Nuclear Damage Act 2010.
A special court has released Shafat Ahmed Shangloo, arrested by the CBI in connection with the 1989 kidnapping of Rubaiyya Sayeed. The court denied the CBI's request for custody, noting his absence in the charge sheet.
The Federation of Indian Chambers of Commerce and Industry (Ficci) has sought urgent steps to clear the huge backlog of income-tax appeals, simplify tax deducted at source (TDS) compliance, and ensure tax neutrality for fast-track demergers, during its consultation with Revenue Secretary Arvind Shrivastava ahead of the Union Budget 2026-27.
The instructions cite service rules that bar any government servant from making any adverse criticism of any policy or action of the government.
The cost of any flight from Delhi and Mumbai could rise by up to Rs 3,000 soon unless the airport regulator is able to reverse a court order.
Set to file nomination papers for the Presidential poll, a sentimental Pranab Mukherjee on Tuesday resigned as finance minister to "embark on a new journey", leaving behind his four-decade stint as a political activist.
The roll-out of 3G or third-generation mobile telephony services, scheduled for this year-end, may be delayed after the Ministry of Finance strongly criticised the Department of Telecommunications for announcing 3G guidelines without consulting it. In a communication with the DoT earlier this week, the finance ministry said the move was inappropriate and contrary to a 2003 cabinet decision.
'If at all human beings require a religion, the future religion will be Hinduism.'
Students at Tezpur University in Assam have shut down the institution, protesting against Vice Chancellor Shambhu Nath Singh over allegations of corruption and financial irregularities. The shutdown has led to the cancellation of end-term examinations and has garnered support from teachers and non-teaching staff.
'The preparedness of our defence forces and positioning of intelligence assets were very different in 2008, so we had to rebuild our assets and preparedness.'
'Everyone involved in this transaction must be punished and penalised.'
CAG warns most states of fiscal imprudence as March spending overshoots limits, with key departments exhausting large portions of budgets in the last month of FY24.
State Bank of India has 18,000 pending cases and Bank of Baroda has around 1,000 cases.
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